American Express to Starwood Bonus + Starwood to US Airways Bonus = Value to my MR Points Again

If you are like me and don’t have a lot of American Express Membership Rewards points and you do have some US Airways Dividend Miles, then read on…

American Express to Starwood Bonus

American Express is offering 50% more points when transferring to Starwood. Until March 31, 2012, every 1,000 MR points transferred to your Starwood Preferred Guest account will give you 500 Starpoints. This is by no means a great transfer ratio as you always want to get at least 1:1 for all your flexible points (MR and Chase UR), but for a program who is losing my interest, this may be one of the only options. I plan on converting my 40,000 MR points into 20,000 Starpoints. Combine this bonus with the next bonus I’m going to discuss and you have yourself a decent use of MR points.

Am Ex to Starwood Bonus

Starwood to US Airways Bonus 

Emails went out today regarding this bonus:

…for a limited time get a 50% bonus when you convert your points to miles with participating hotel partners. Hurry, this offer ends March 31, 2012.

US Airways has several hotel partners but for the purposes of this post, I am focusing on Starwood. When transferring from Starpoints to US Dividend Miles, the ratio is 1:1. And for every 20,000 Starpoints you transfer, Starwood will throw in an extra 5,000 miles. So, effectively, 20k Starpoints = 25k US Airways Dividend Miles.

So using the 20k Starpoints I just converted from AmEx (from the first bonus), I will transfer that to US Airways. Factor in the free 5k miles from Starwood and this limited time 50% bonus, and I will end up with 37,500 US Airways miles.

Starwood to US Airways Bonus

40,000 American Express Membership Rewards points = 20,000 Starpoints

20,000 Starpoints = 37,500 US Airways Dividend Miles

therefore…

40,000 American Express Membership Rewards points = 37,500 US Airways Dividend Miles

That’s as close as 1:1 as you’ll probably get. It’s not an earth shattering bonus but, like I said in the beginning of this post, if you have nothing to do with your MR points and want to build your US Airways miles bank, this is probably the best you can do.

However, if you have A LOT of MR points, you may want to look into Singapore Airlines KrisFlyer program and their First Class redemptions! (via Lucky)

UPDATE!

Milepoint user K F has a great idea that should work in theory. Starwood has a Nights and Flights redemption option where you redeem 60k Starpoints for 50k airline miles and 5 nights in a category 3 hotel. That’s a great package alone and it becomes even better with the limited time 50% bonus offer! You should end up with 75k US Airways Dividend Miles because of the promo.

This is probably the best use of the promotion in terms of value. 5 nights in a category 3 Starwood hotel costs 35k Starpoints. With K F’s idea, 60k Starpoints = 75k US Airways Dividend Miles & 35k-worth of nights. #VALUE