Wanttobe5StarElite
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- Jun 28, 2015
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OK, then. Cost of points depends on method of accumulation.
Not sure how much more analysis one can do to determine the costs of obtaining Starpoints.
- SPG credit card costs > $0.02/SP because plenty of other cards will pay you 2% straight cash.
- Direct purchase costs $0.027-$0.035/SP depending on the promotion.
- Conversion of SVO units costs a minimum of $0.014/SP but much more for most ownerships.
- Starpoints certificates cost $0.019/SP.
- Staying at hotels has various costs/SP.
Whether or not to exercise a given option depends on (1) how many Starpoints you have available; (2) how many Starpoints you anticipate using within a given time period; and (3) the redemption value of the Starpoints you anticipate using.
So your hierarchy of purchasing/redemption, if you need additional SPG Points should be:
a. Convert SOptions
b. Starpoints Certificates
c. SPG Credit Card
d. Direct purchase
Based on your own calculations, would you say you generally convert SOptions first, if you need some SPoints?
That doesn't really match up to the premise of not converting your SOptions, as this would directly contradict the opinion of most TUGgers. (unless you have a higher/better use on your SOptions).
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