SPG is currently running a 35% off sale on SPG points that ends on 21 July at noon Singapore time. You can max out this promotion by buying 30,000 SPG points at US$682.50, at an effective purchase price of 2.275 US cents each (vs 3.5 US cents each normally).
Normally I don’t buy points speculatively, but given what we know about the new Marriott award categories, I couldn’t resist pulling the trigger for myself and The Milelioness for 60,000 SPG points in total.
That’s because SPG points will have much upgraded power come August 2018, when Marriott’s new award chart kicks into place. Here’s how Marriott’s award chart will look from August 2018 (all SPG points will be multiplied by 3, so keep that in mind when reading this chart):
You can see how each Marriott/Starwood property will be categorized from August 2018 here.
Category 8 will only be introduced in 2019, which means the highest award tier until the end of 2018 will be Category 7. Award bookings can be made about a year in advance, so if you book a hotel before the end of 2018, you’ll pay at most 60,000 new program points per night. That’s amazing, considering SPG’s top tier hotels currently cost 90,000 SPG points per night (270,000 new program points).
I’ve written about my plan for August when the booking system will very likely become a free for all as people try to snap up the top tier hotels. I’ve also laid out who should and shouldn’t be buying points. If you need some reminders of what SPG points can be used for, try reading one of our past articles on points sales.
Final pointers: you can purchase a maximum of 30,000 SPG points in a calendar year, but there are some ways of getting around this restriction. If you’re buying SPG points, the transaction is processed by Points.com which means you have the following payment options:
|Credit Card||Miles Per Dollar (mpd)||Bonus Spend Criteria/Cap|
|DBS Woman’s World Card|
UOB Visa Signature
|4.0||DBS Woman’s World: capped at S$2,000 per calendar month. ‘Points.com’ transactions do not earn 10X automatically, you must call in for a manual adjustment of points for all transactions made on ‘points.com’|
Citibank Rewards: capped at S$12,000 per card anniversary for 10X transactions
UOB Visa Signature: minimum spend of S$1,000 in equivalent Foreign Curency Transactions (FCY), capped at S$2,000 equivalent spend in FCY
|Standard Chartered Visa Infinite||3.0||Minimum S$2,000 spend per month|
|Standard Chartered Rewards+||2.9||Capped at 20,000 bonus points per card anniversary year. i.e S$2,222 in FCY equivalent|
|HSBC Revolution||2.0||No cap/minimum spend criteria|
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