Top 10 Benefits of the Starwood Credit Card

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One of my go-to credit cards is the Starwood co-branded American Express card. There are two reasons for this: 1) I love many of the benefits that come with Amex cards, and 2) Starwood hotels are pretty sweet! I personally have both the Starwood Preferred Guest® Credit Card from American Express (personal version) and the Starwood Preferred Guest® Business Credit Card from American Express OPEN (business version). The business card has slightly better benefits, but I have both cards due to receiving a ton of statement credits with Amex Offers!

So here are the top 10 reasons why I like this card.

  1. Receive statement credits with Amex Offers. You can take advantage of the many Amex Offers that I write about with both the personal and business card. If you have both, for example, then you can sync them to separate Twitter accounts and take advantage on each card. I’ve found that many times the money I get back as a statement credit throughout the year surpasses the annual fee paid. This means not only is the annual fee then covered, I also make money on top of it. Over the past 23 months, I have personally have received $900 back in statement credits on this card alone. This makes the yearly annual fee well worth it for my situation!
  2. Get free additional card holders. The biggest perk of this is that additional cards under the same account are treated as two separate accounts for Amex Offers. This means that for offers that are available via Twitter, you can take advantage of the offer for both the primary card and all additional cards on the account. I love that all additional authorized cards comes with no annual fee and can still earn statement credits. This ultimately allows you to “make” money by making purchases you’d make anyways!
  3. Access to OPEN benefits. I wrote about Saving Money with American Express OPEN in the past and the benefits they provide. The business version of the Starwood credit card (not the personal version) gives you access to these benefits. This means at many merchants, such as Hertz, FedEx, etc., if you use your Starwood business credit card you can get a 5% statement credit on your purchase!
  4. Complimentary lounge access at Sheraton hotels. With the business version of the card (unfortunately not the personal version), you’ll receive complimentary access to Sheraton lounges. This means free breakfast and snacks/drinks throughout the day. International lounges can actually be amazing! As long as you book through Starwood directly (not a third-party reservation system like Priceline.com), you’ll receive access – it doesn’t matter if it is a paid stay or a free night stay using points (or cash + points). This is a great perk for those that stay at Sheraton hotels often! UPDATE: They are getting rid of this perk on August 1, 2018.
  5. Points earned are very flexible. This is a big plus of Starwood points in general regardless of how you earn the points. Not only can you use your points at SPG affiliated hotels, you can also transfer them to many of partner airlines at a 1:1 conversion rate (most partners, but not all). Not only do they transfer at a generous rate, you also get a 5,000 point bonus for every 20,000 points transferred. Many other hotel programs have a horrible transfer ratio, but Starwood actually shines in this category. This means you can use the points earned for a hotel stay or a flight!
  6. Earn status faster. If you are trying to earn SPG status, having the credit card will give you 2 stays and 5 nights towards status. For SPG Gold you need either 10 stays or 25 nights and for SPG Platinum you need either 25 stays or 50 nights. You get the stays and nights for both the personal and business card, so if you happen to have both this will give you a total of 4 stays and 10 nights. If you are trying to obtain Gold status this gets you almost half way there!
  7. Spend a lot and get SPG Gold status. If you spend $30,000 on the card in a calendar year, you will automatically receive an upgrade to SPG Gold status.
  8. Receive protection on many purchases. In my opinion, Amex has one of the best protection benefits when it comes to buying products. If within 90 days from the date of purchase a merchant will not take back an item, you can get a refund for the purchase price from American Express. This is valid for primary cardholders as well as any additional card members on the account. They make the process extremely easy where you fill out a quick form online and typically hear back within a few days. This has come in extremely handy when purchasing final sale items (which I do often from Zulily.com). In my experience, they typically let you keep the item as well. This benefit is for all Amex credit cards. You can learn more about this benefit here.
  9. Get extended warranty protection. With both the personal and business card (along with all other American Express credit cards), you can get up to a one year extension on a manufacturer’s warranty when you use your Amex credit card to make the purchase. This is for certain purchases and only valid for warranty’s that are under 5 years to begin with. Essentially Amex will double the warranty up to an extra year. So if the warranty is 6 months, for example, you’ll receive an additional 6 months. If it is a 2 year warranty, for example, you’ll receive an additional year. The coverage is up to $10,000 per item and $50,000 per cardmember account per calendar year.
  10. You can transfer your points to Marriott! With the Starwood and Marriott merger underway, you can freely transfer your points back and forth between the two programs. Starwood points transfer at a 1:3 ratio. That means 25,000 points earned will actually net you 75,000 Marriott points!

Here is everything you need to know about the Starwood Preferred Guest program:

*Terms Apply.

Disclosure: This post contains affiliate links. My goal is for you to travel on a deal! As always, thanks for your support!

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.

Comments

  1. I have opened an AMEX SPG business card in the past using my SSN. I have recently started a new business and have gotten an EIN number. Can I open another SPG business card with the EIN and get the bonus again?

  2. I just landed the SPG Amex, look forward to giving it a go. The $900 you received in statement credits sound great, but if you had to spend $10K on things/restaurants/etc. that you didn’t need to get it ($900) back, then you really didn’t benefit at all. Of course, if you spent $2700 on stuff that you would have definitely bought anyway and received $900 in credits for it, then that’s awesome.

    • @Luke – I personally only spent money on purchases I would have made anyways. Many times the purchases included gift cards at Staples, Office Depot, Amazon for gas, restaurants, etc.- merchants that would get my money anyways.

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