Could someone help me understand this statement below (I may be overthinking as well):
I applied and received my Amex SPG in early January, so after reading this, I am interpreting it as getting "2 stays towards your Starwood Preferred Guest elite status and credit for 5 nights toward your Starwood Preferred Guest Elite status" times 2 as the statement says "upon opening...'and,' by February 15th..." Am I correct or is it just one time?
And, can someone elaborate on what exactly "2 stay credit and 5 night Elite status credit" are? What's the difference? Is one a point equivalent while the other is actual stays??? Thanks in advance.
Upgrade Your Status
Upon opening your Card Account and, by February 15th of each subsequent calendar year it is open, you will receive from Starwood credit for 2 stays towards your Starwood Preferred Guest elite status and credit for 5 nights toward your Starwood Preferred Guest Elite status. This benefit is limited to one annual 2 stay credit and one annual 5 night Elite status credit per Starwood Preferred Guest Credit Card account. You will not receive additional 2 stay or 5 night Elite status credits if you have multiple Card Accounts. Credits and status are subject to the terms and conditions of the Starwood Preferred Guest program.