Purchase SPG Points with a 35% Discount!

This post may contain affiliate links from our advertising partners. Read my Advertiser Disclosure policy here. Additionally, some of the offers on this page may no longer be available through Deals We Like.

Starwood just came out with a new promotion where you can purchase SPG points at a 35% discount!Â This offer is available to everyone and you can purchase up to 30,000 points throughÂ March 16, 2018.

IfÂ you go all in it will cost you $682.50 to purchase 30,000 points. I definitely WOULD NOT suggest buying points speculatively, however, if you have an upcoming stay at a Starwood hotel, do the math to see if purchasing points is cheaper then paying for the hotel outright. There are many scenarios where it will definitely save you money! To receive the discount, you must purchase a minimum for 5,000 points.

And remember, since SPG points now transfer to Marriott, 1 SPG point = 3 Marriott points. So if you do go all in, those 30,000 SPG points will net you 90,000 Marriott points.

Some things to know with this promotion:

The maximum number of points you can purchase in a calendar year is 30,000 points
You can purchase points in increments of 500
Points take up to 24 hours to deposit into your account
Your Starwood account must be activated for at least 14 days
Purchase pointsÂ here

Pros/Cons of Redeeming Points:

You will still get stay/night credits even when redeeming (pro)
You will not get the pointsÂ (con)
If there is a bonus at the time, you will be ineligible when redeeming pointsÂ (con)
If you are using all points, you will not have to pay any taxesÂ (pro)
If using cash + point, you sometimes need to pay tax on the cash portion, but since this is on such a smaller amount you will not have to pay the full tax on the regular rate and at some resort and city locations this can be extremely highÂ (pro)
AtÂ someÂ hotels, you do not have the pay the resort fee if using points to redeem for your stayÂ (pro)

So unless there is some unbelievable promotion going on, or the cost of purchasing points is close to the cost of actually paying for the stay, definitely use points when it is cheaper. This is a really good opportunity to purchase points for cheap!

Editorial Disclosure: Opinions expressed here are author's alone, not those of any bank, credit card issuer, hotel, airline, or other entity. This content has not been reviewed, approved or otherwise endorsed by any of the entities included within the post.

The responses below are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.