So Disney World and Low Cost are two things that you typically never hear together. Well, unfortunately we can’t give you free park tickets but we can help with your hotel stay.
How Can We Do This You May Ask?
Right now the signup bonus for the Starwood Preferred Guest American Express card has increased from 25,000 to 35,000 points until April 5th. This may not seem like a huge amount of points but when you consider the value of Starwood points it is an amazing deal.
What does this mean?
If you are considering this card, you need to act soon. To help with your decision, we laid out some facts for you.
What is Starwood?
Starwood is a hotel chain… think Sheraton and Westin and several others. Marriot recently acquired Starwood. Although, they maintain separate reward programs between the two brands. You can, however, link your Starwood and Marriott rewards accounts and transfer points between the two. Cool, right?
So what is the value of Starwood points?
Well, it is hard to give an exact value of Starwood points. In the recent merger, Marriott points transfer to SPG at a 3:1 ratio. This mean 100 SPG points is equal to 300 Marriott points. This is pretty accurate for usage as well as equivalent Marriott properties will cost about 3x as many points as Starwood properties.
SPG also has the benefit of being able to transfer to many airline partners at a 1:1 ratio.
If you transfer 20,000 SPG points you also get a 5,000 point bonus so 20,000 SPG points can get you 25,000 American Airline Miles. The transfer can take up to two weeks however unlike Chase UR points. So keep that in mind when looking at limited award availability.
Ok, so what does this have to do with Disney World?
Your right, given the many possibilities with SPG points they are very valuable but if you are eyeing a trip to the magical place of Disney World, you should consider acquiring the SPG card ASAP. Starwood operates two resorts on Disney Property.
In fact, you can walk to Epcot from these resorts, or grab any of the Disney property transportation to the other parks as well. This is prime property my friends.
The two resorts they operate are Dolphin and Swan. Both resorts are similar where the points per night are 10,000 and 12,000 points respectively.
Check them out here –> http://www.swandolphin.com/
The current sign up bonus for the SPG card is 35,000 bonus points. You get 25,000 points for spending $3,000 in the first 3 months and an additional 10,000 points for spending an additional $2,000 in the first 6 months. So, the total spend requirement then is $5,000.
You received 1 point per dollar spent on the card so you will receive 5,000 points for spending the $5,000 needed for the bonus. After the end of the 6 month period you will receive 40,000 points (25,000 bonus + 10,000 bonus + 5,000 in spend). This is perfect because 40,000 points is enough for 4 nights in the Dolphin Resort.
4 nights in Disney World for free? I need 5 nights to really see all the parks though.
No problem! SPG gives you the fifth night free if you book 5 award nights. Simply choose a 5 night period and the amount of points needed per night will drop from 10,000 down to 8,000.
So how much money does this save you?
Looking at random dates in May, the average cost per night at the Dolphin Resort is $284 per night + $28 Resort Fee + Tax. This is a prepaid rate so no cancellation allowed. The Non Prepaid Rate is $339 per night + resort fee. On the other hand, we can pay 8,000 points per night + $28 resort fee. The total cost is broken down in the table below.
Wow! We see a savings of $1,595 to $1,702. That is huge savings and a great deal to be on Disney Property within walking distance to Epcot. We also get a value of around 4 cents per SPG point.
That is some savvy savings, guys.
Click HERE to see our next post on getting your flight and tickets cheaply!
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