Here’s another post in our travel rewards tips series showcasing the best ways to get maximum value out of your credit card rewards points:
Portland, Oregon is on our short-list of must-see travel spots in the US, so I’m always paying attention to rewards options to get us out there for free. I came across Jacob’s article on I Heart Budgets about their recent trip to Portland and I was blown away by the fact that The Nines, which Frommer’s gives their top ’3-star’ ranking, is not only included in Starwood’s rewards program, but it is only a Category 4 hotel!
Category 4 hotels only cost 10,000 Starpoints per night, so this hotel which normally costs about $400 per night is one of the absolute best values in their entire rewards system!
Opening one Starwood Preferred Guest American Express card (click here for our review) and meeting the minimum spending requirement of $5,000 in the first six months the account is open will currently earn you 30,000 SPG points (10,000 bonus upon first purchase plus an additional 15,000 bonus when you spend $5,000 in the first six months plus 5,000 for the $5,000 of spending). Annual fee of $65 waived the first year. This is enough for three free nights at the Nines (a ~$1,200 value) or any Category 4 Starwood hotel (see all Category 4 hotels here)!
So instead of paying $1,200 for three nights at this fancy hotel, just open this credit card, meet your minimum spending requirement of $5,000 in the first six months and book the hotel. It really is that simple because Starwood has no blackout dates, so if a room is available there for cash, it’s available using your Starpoints.
Even if you have no interest in visiting Portland or this one hotel, this particular credit card is one of the absolute best for travel rewards, as the Starwood redemption chart is extremely favorable. Here’s what you can redeem for your 30,000 points:
- Category 1 Hotels: 10 weekday nights (3,000 x 10 = 30,000) or 15 weekend nights (2,000 x 15 = 30,000)
- Category 2 Hotels: 7 weekday nights (4,000 x 7 = 28,000) or 10 weekend nights (3,000 x 10= 30,000)
- Category 3 Hotels: 4 nights (7,000 x 4= 28,000) or 5 consecutive nights at the same hotel with free 5th night automatically included
- Category 4 Hotels: 3 nights (10,000 x 3 = 30,000)