Update (9/22): So my source was kind of right as the offer did change today but I’m not sure it is a better offer. Here is my analysis of the new offer of two free nights at category 1-5 hotels.
I want to stress the following information is simply a rumor but I believe the signup on the American Express Starwood personal and business cards will increase to either 30k or 35k Starpoints in the next two weeks. I have a friend of a friend who is “connected” at American Express and he claims that the go live date for this offer is the week of September 19th. He didn’t know whether the offer would be for 30k or 35k like it was in March.Could this information be accurate? Well in years past usually around summertime, though there was a curveball with the 35k offer in March this year, American Express has typically increased the signup bonus on the SPG cards. I went back and put a list together of when over the past few years the publicly available bonus has increased to 30k or 35k Starpoints. Anyone spot a trend?
- March 2016
- August 2015
- June 2014
- August 2013
- August 2012
- August 2011
- July 2010
That is some serious consistency and only further makes me believe the information I received could very well be accurate. The current signup bonus is 25k for both the personal and business cards so I’m sure some of you might be questioning why I’m recommending you should wait a few weeks for an offer that is only 5k-10k points higher. Here are some of my reasons:
- Starpoints are incredibly difficult to earn – the only feasible way to earn them is via the Starwood credit card and staying at SPG hotels. Since it is difficult to earn these points in bulk, an extra 5k Starpoints is a big difference to me. And to the average person who doesn’t manufacture spend that equates to spending an extra $5,000 on your SPG Amex to make up that extra 5k points.
- American Express limits you to one bonus per lifetime on their cards. Basically you only get one shot to signup for this card to earn a bonus so you better make it count. I won’t signup for an American Express card unless I know at that point in time, that is the highest ever known offer on a card.
- Starpoints are one of the most valuable, if not most valuable, points out there. Great flexibility with dozens of airline transfer partners, a transfer bonus of 5k when transferring in 20k increments and some great hotel redemptions in the Starwood chain. You can redeem points for weekend nights at lower tier SPG hotels for 2k or 3k points a night.
My advice is to resist the temptation to signup for the next two weeks just in case the offer is increased unless you have an absolute urgent need for this card. While American Express might very well match you to the new bonus anyway, remember that American Express limits you to one bonus a lifetime, so you always want to get each Amex card at its peak signup bonus offer. Again I do want to stress this is only a rumor (some will argue I shouldn’t even post unconfirmed information like this) but based on past history, there could be some merit to this information.
I’ll be sure to post an update in two weeks if/when the offer is increased. If my information is correct & you plan to apply for this card at that time, I hope you will consider using my referral links for either the personal or business card (for being a current cardmember, not an affiliate link) for possibly earning you an extra 5k to 10k Starpoints by advising you to wait.