Saved by the Chinese (how many times have you said that?)! Unless you have been on vacation on the moon this past week, you now know what once looked like a done deal, that is, the buyout of SPG by Marriott, is now unlikely to happen. I am not an expert on these kinds of mega deals but from all I have seen I doubt Marriott will want SPG at these (or higher) priced levels.
I blogged just a few weeks back that I am done chasing status this year. I was poingant about Hyatt as well as SPG when I said:
“The point is, if I am going to have to beg, borrow or cajole my way to get something as a top elite, why not just make due with mid status that means I will have to do that exact same thing?”
Has any of that truth changed with the new Chinese insurance giant, Anbang Insurance Group, offer to buy SPG? Maybe. Let me explain.
Most of us who are points enthusiasts love Starpoints and consider them one of the most valuable travel “currencies” you can collect. We love the SPG AMEX cards to earn Starpoints. We love using them for hotel nights as well as their many transfer partners as well as the 5,000 bonus points when we, for example, transfer 20,000 SPG points to Delta SkyMiles. Most of us who love SPG do so because they are not the Marriott loyalty program. So not being Marriott’ed, if you will, is a good thing as, at least the time being, the new Anbang folks are unlikely to change anything in regards to the program as well as the affiliation with AMEX.
Even in the near long term, if the Anbang offer is in fact accepted and completed, I see few changes. After all, everyone from Marriott to SPG to analysts are talking about the great value of the SPG loyalty program. Why would Anbang even consider changing this valued program when there is no need to do so anymore and just upset loyal guests. This is good news for us.
Another reason I say maybe is how really simple it is to get top Platinum SPG status. Think about this simple math. If you hold
personal and business SPG cards (NOTE: STARWOOD PREFERRED GUEST CREDIT CARD FROM AMERICAN EXPRESS NO LONGER AVAILABLE) you are talking 5 nights and 2 stay credits per year from each card. Let’s focus on stays for a bit. It takes only 25 stays to earn Platinum status. By holding both credit cards you are down to 21 since you get 4 credits total. Award nights count towards those nights and that can help a bunch. Not only that but SPG tends to allow you to stay two nights in a row, under two reservations, and get stay credits without leaving the hotel. Even when you book extra rooms those count toward YOUR stay credits for the year. I could go on and on, but the point is if you are even a semi-regular hotel person if you focus your stays at SPG properties for a year you can earn Platinum status. Is it worth it? That is really up to you.
Either way I am thrilled (for now). As a Delta elite I love earning so many more points with Crossover Rewards. I am earning SPG points for my Delta spend as well as my UBER spend and even bonus points when I UBER and am staying at SPG properties as well as bonus AMEX Membership Rewards points by paying for my ride with that type of card. Points, points, points and more points! None of this is likely to change and even if I do not go for Platinum status, all these bonus points may just drive my spending more toward SPG for my future stays!
A reader on twitter once asked me something to the effect of, do I ever spend with a company that does not give something back to me? No, I try not to ever. I try to join every single program I can and then stack them as high as I can to get every point back I can. I look at the value of each of those earned points and how much “real” value I can get at redemption and that DOES drive my spending choices. The current SPG program provides me real point value. I hope, if the Anbang deal does happen, the new owners get that and value loyalty as for 2017 I may just have to pick up another SPG AMEX card, despite not getting any new card bonus points again (I only hold one right now), and once more drive all my stays to SPG branded hotels! – René
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