Special offer alert! Be sure to check your inbox if you haven’t already as American Airlines has recently sent out a SPG promotional offer in which you may exchange Starpoints for AAdvantage miles for a 20% bonus on top of the base transfer rate from now until September 14, 2016. The SPG Amex is widely regarded as the best card for earning AAdvantage miles because of the 5,000 point bonus you earn when you transfer 20,000 points to the program. Effectively this means that instead of earning just 1 point per dollar like you would on an American co-branded credit card, you can earn 1.25 points per dollar with the bonus. With this special promotion however you’ve got the ability to earn 1.5 AAdvantage miles per Starpoint when you transfer in 20,000 block increments.
So is it worth it?
Maybe, maybe not. American Airlines recently devalued their AAdvantage program which means that your points won’t stretch nearly as far as they used to. That being said, you can still find great redemptions if your travel plans are flexible. Because AA is part of the OneWorld alliance you can use your points for redemptions on carriers such as LAN, Qatar which offer incredible business class products for your next long haul trip.
The bottom line here is that if you’ve got a specific redemption in mind then it may make sense to take advantage of this transfer option. If however you’re simply speculating and are planning to take advantage of the promotion with no specific redemption in mind then you may want to hold off. American has run similar offers to this one in the past so if you don’t take advantage today, you still may be able to catch this offer the next time around.