American Express is running a variety of promotions for their different credit cards right now. Use them wisely!
American Express Starwood Card – Up To 40,000 Frequent Flier Miles
To start off, the Starwood Preferred Guest Credit Card from American Express is currently giving out 10,000 Starwood points for signing up and making any purchase. You earn 1 Starwood point per $1 spent on the card. Finally, the current promotion also gives you an additional 15,000 Starpoints when you spend $5,000 in 6 months. That can be high for some folks, but if you prepay your property tax, car insurance premiums, tuition, whatever you might get there.
Why? 10,000 sign-up bonus + 15,000 normal points from spending + 5,000 points from spending bonus = 30,000 Starpoints = 40,000 frequent flier miles on a bunch of different airlines, which is at least one free domestic round-trip ticket! Alternatively, every 9,500 Starpoints can be converted to $100 in Amazon.com gift certificates or other stores like Banana Republic.
I’ve written before about the many uses of this Starwood Card. My favorite use remains as a mix of a hotel and miles card. I convert the points as needed to “top-off” the rest of my airlines miles. The rest goes to cheap rooms. I am actually trying book some free rooms right now for February which should give me a value of 4 cents per point ($125/night room for 3,000 points). If you consider that a 1% back card is the same as 1 cent per point, this is like getting 4% back. You also automatically get Gold Starwood status with this card, which has gotten me several free room upgrades. The first year is free, and after that the annual fee is $65.
AMEX Starwood Business Card – up to 25,000 bonus points
For new sign-ups, the AMEX Starwood Business Card is also offering 10,000 free points after your first purchase and another 15,000 when you spend $5,000 in 6 months – enough for up to 6 free nights at a Category 1 or 2 hotel. These points can be redeemed at over 1,000 hotels and resorts in nearly 100 countries, for flights on more than 350 airlines and with no blackout dates.
This luxury card is only $65 a year, a fee that is kindly waived for all first year cardholders.
American Express Costco Card – 2% Cash Back Bonus
For existing cardholders TrueEarnings Card from Costco and American Express is offering an extra 2% cash back on online retail purchases in December, giving you 3% total. Login to check if you qualify and to enroll.
Through this offer you may earn an extra 2% cash back for your qualifying purchases made between 12/1/2007 and 12/31/2007 on an eligible Card. This is in addition to any rebate you may earn per the terms and conditions of this Card. Qualifying purchases are purchases made online, by phone or by mail order from eligible U.S. retail, department store, home improvement, drug store, wholesale club, consumer electronics, publishing and grocery store merchants. Charges for payments made via PayPal and other online payment intermediaries and for purchases from online auction sites do not qualify. This extra cash rebate will be awarded on up to $25,000 in qualifying purchases, for a maximum extra rebate of $500.
American Express Business Gold Card – Double Points (This offer is now expired)
The New Business Gold Rewards Card® from American Express OPEN is offering 3 points on airfare, 2 points on advertising, gas and shipping and 1 point on everything else. The annual fee for this card is $175 but this fee is waived for all first year cardholders. You can also get unlimited additional cards for an extra annual fee of $50, but this fee is also waived for the first year.
As a current cardholder, I also got an offer for double Membership Rewards points if I spent more than $500 each month. Again, login to check if you qualify. Terms and restrictions apply.
Enroll now to earn double Membership Rewards? points from November 1, 2007 through January 31, 2008. Each month, as usual, you can earn 1 Membership Rewards? point for virtually every dollar you spend. Then, you can earn 1 additional point for virtually every dollar you spend over the threshold specified in the offer you received by mail or e-mail. You must enroll by December 15, 2007.