With Amex Plat, one receives an upgrade to SPG Gold. If i dont forsee me reaching SPG Plat anytime in the near future, is it worth cancelling my Starwood CC in lieu of the Amex Plat?
Does Starwood Amex offer anything Amex Plat doesnt?
The better question is if
AMEX Plat offers anything the
SPG AMEX doesn't.
AMEX Plat: $450 annual fee.
-Lounge access: This benefit merely requires having the card. It does need to be active. If you just apply for the card and never activate it or pay the fee it will still be good enough to get you into lounges.
-SPG Gold: This status is next to worthless. Besides many people here gotten SPG Gold by just called up SPG and asking for it.
-AMEX FHR Benefits: You only get AMEX Plat FHR enefits if you book through AMEX and pay their inflated rates.
-Lost item protection: This is quite possibly the only real benefit of having the card active. If you lose anything you buy (up to $10K per item) within 3 months of buying it then AMEX will give you a full refund or replace the item.
-Points transfer to Continental at a 1:1 ratio.
SPG AMEX: Free for 1 year, then $65.
-Starpoints are worth more than AMEX MR points. On the open market a Starpoint is worth 2-2.6 cents while an MR point is worth 1.4-1.7 cents.
-Great hotel deals: Cash and points can't be beat, 5th night free is very nice, and nights and flights can be excellent as well.
-Great airline transfers: 20,000 Starpoints become 25,000 miles with about 30 airlines. There are exceptions. Notably 20,000 becomes 50,000 with LAN and only 12,500 with CO/UA.
There are too many good transfers to go through but they include:
-20,000 SPG to 25,000 Air Canada as they allow 2 stopovers and have an awesome surcharge-free Star Alliance chart where 80K gets you to Europe in business and 100K gets you to Asia and Australia in business!
-20,000 SPG to 50,000 LAN and you can get up to 4 round-trip oneworld tickets!
-20,000 SPG to 25,000 ANA and you can redeem for Israel flights on CO or US for 60,000 miles in coach or 90,000 miles in first with no surcharges.
-20,000 SPG to 25,000 US where you have a good Star Alliance chart and very liberal routing rules.
There are too many options to even go through.
Plus airlines like
AA (20,000:33,750),
Delta (20,000:62,500), and
US (20,000:37,500) have in the past run very generous bonuses for Starpoint transfers and if you're patient you can get them when they come around again.
Both cards come with the excellent AMEX benefits like return protection, online dispute resolution, warranty extension, rental car insurance, etc.