Sunday, July 16, 2006

Starwood Preferred American Express Card

I was just looking at the various rates of return on rewards credit cards, and they break down as follows. For the miles and points cards, I divided the cost of the redeemed reward (e.g. a flight from LAX to NYC) by the number of points required to redeem it. A $350 flight that costs 25,000 points to redeem is worth a 1.4% ROI (350/25,000).

1% - Discover and most cashback cards (no cashbacks over 2% except for select purchases)
1.2% - Marriott rewards Visa Card
1.5% - Airline miles cards (Northwest, United, etc)
3.5 to 5% - The Starwood Preferred American Express card

As you can see, there's really nothing close to the Starwood Amex in terms of bang for the buck. I just financed 5 nights in Europe at a nice Sheraton on points I collected from this Amex card.


Anonymous said...

Meanwhile at the Sheraton
corpses rise like spirits unleashed
from the rich morning soil
in the mists of old Europe

Jemifus said...


Anonymous said...

I love Starwood points - they are the best!