Verdict - NerdWallet estimates rewards are about 2.3% when redeemed at Starwood hotels.
How much is a Starwood Hotels Starpoint worth?
We recommend you redeem at hotels, where points are worth about 2.3 cents each (see our tables below). The other alternative is to redeem for airline miles. You can exchange 20,000 Starpoints for 25,000 airline miles on most US airlines, with the exception of United and Continental. In that scenario a Starpoint is worth about 1.25 cents.
How does the Starwood Preferred Guest card work?
The card links up to your Starwood account, and earns 1 point per $1 spent on purchases, and 2 points per $1 spent at Starwood hotels. See our review of the Starwood Points program
for more details on how we arrive at our 2.3 cent point value assumption. In exchange for these benefits, there is an annual fee of $65, which is waived the first year. The APR is average as far as top rewards credit cards go.
Are there other cards with better rewards?
This depends on how you redeem your Starpoints. A good way to find out is by looking at redemption options on our Starpoints Reward Program Review
, and assessing what you think is realistic. The easiest way to compare cards is by using our credit card comparison tool
and sorting by Rewards, but suffice to say that the Starwood card is one of the best options out there for any usage pattern.
Are there other cards with better rates?
Again, we point you towards our low APR credit card comparison tool
where you can sort by Effective Annual Rate. Our calculation takes into consideration introductory APR periods, and ongoing APR rates. There are many better alternatives than SPG, the options are too numerous to list.