Through July 20, 2018, Starwood is offering a 35% discount on purchased Starpoints when you buy at least 5,000 points in one transaction. This is a promotion that they’ve been offering since mid-June, and I think it’s safe to say that this will be the last time the promotion will ever be offered as part of the Starwood Preferred Guest program, since Marriott’s new program kicks in at some point in August.
Through this promotion you can buy up to 30,000 Starpoints for $682.50, meaning you’re paying just 2.275 cents per Starpoint, which I’d consider to be a solid deal.
The way I view it, there are several circumstances under which it could make sense to take advantage of this promotion:
- If you want to acquire Marriott points for 0.76 cents each, since next month these points will convert into Marriott points at a 1:3 ratio
- If you want to book stays starting next month at the much lower award redemption rates, including at the top St. Regis properties in the world
- If you want to acquire airline miles for 1.82 cents each, since Starpoints convert into airline miles at a 1:1 ratio, with a 5,000 point bonus for every 20,000 points transferred (as of next month they’ll transfer at a 60,000 to 20,000 ratio, with a 15,000 point bonus for every 60,000 points transferred, which is essentially the same)
- If you want to lock in a Marriott Hotel + Air Package before the new program kicks in
I bought Starpoints for 35% off during the last promotion, and frankly at that cost think it makes sense to buy them, because I’m about to go on a Hotel + Air Package shopping spree.
Since I maxed out the points I can buy, I decided to buy Starpoints for my dad’s account. Starwood allows household points transfers for those who have the same addresses on file on their accounts for a period of at least 30 days (this is likely going away with the new program), and my dad and I have always had the same addresses on our accounts.
So on July 14 we bought 30,000 Starpoints, which posted instantly.
We immediately initiated a transfer of these points to my account, which is an easy process that can be done online.
This can take up to five business days, though by July 17 the 30,000 Starpoints had posted to my account, so that was much quicker than expected.
Anyway, I know a lot of people have been wanting to buy lots of Starpoints, and the only way to buy more than 30,000 is to buy them for multiple people in a household and transfer them around. Based on my experience that works without issue, but just keep in mind that accounts have to be registered at the same address for at least 30 days to be able to do that.