A couple months ago, I applied for my 2nd AMEX SPG Personal Credit Card. It’s been at least 12 months since I cancelled the AMEX SPG personal credit card. According to the terms and conditions, I would be awarded the 30,000 SPG sign up bonus again if it has been 12 months since I applied for the credit card. I talked about how I confirmed that the AMEX SPG was churnable in my post here. I recently checked my SPG account and my 2nd AMEX SPG personal credit card points posted.
Even though I was able to apply for the card again, I wasn’t completely sure that I would earn the 30,000 sign up bonus again. However, I was willing to take the chance because of the terms and conditions. After I met my $5,000 spend (with Amazon Payments and Vanilla Reloads), my 30K bonus points posted.
Since you can earn the SPG AMEX bonus every 12 months of cancellation, I’ve recently cancelled my SPG AMEX business credit card this month. My plan is to sign up for the AMEX business credit card in 12 months and cancel my personal AMEX credit card. That way, I can earn 25-30K AMEX SPG points each year easily.
I’ve shifted a lot of my hotel stays to third party bookings and using Barclaycard Arrival points. I can find decent hotels in the $100-$150 range with free internet and sometimes breakfast. That equates to about $5,000 to $7,500 spend for a free night vs. SPG’s Category 4 10,000 points per night. Hopefully that makes sense.
Does It Make Sense to Keep the AMEX SPG credit card?
When I cancelled my AMEX SPG business credit card, I asked for a retention offer and they offered 2,000 SPG points. At first I was going to accept, but that would disqualify me for getting the AMEX SPG business card again, with a potential 25-30K sign up bonus. I decided to cancel the card to start the 12 month timer. In my opinion, it does not make sense to keep the AMEX SPG personal or business card for more than a year because you want to start the 12 month timer to get another sign up bonus. Since you can alternate between a personal and business card, you always have the option to keep collecting SPG points.
Should You Sign Up for the SPG AMEX Personal or Business card now?
The current sign up bonus is 25,000 SPG points (10K after first purchase and 15K after $5k spend). The higher offer is 30,000 points which seems to come once a year. If you don’t have either card now, it might make sense to start the 12 month timer as soon as you can. However, the most ideal situation is to start the 12 month timer when the 30K offer is around. You would be better off getting the points now if you plan to churn both cards back and forth. Perhaps you can start one now and then start the latter card when the 30,000 SPG point bonus comes back. Also, you want to take in consideration of your future travel plans. If you are eyeing an SPG stay in the near future, you might want the points now. If you have no intention to stay at an SPG property soon or need transferable miles, then maybe you can wait.
Any thoughts?Save at least $400 on your next trip using one of my favorite credit cards, Barclaycard Arrival World Mastercard! 40K points with no fee first year. See the Credit Card Deals page for more offers. Thanks for your support!