(UPDATE 3/13: Reposting as the last day to do this is Friday March 16th)
Starwood Preferred Guest (SPG) launched a new promotion for buying Starpoints at a 35% discount through March 16, 2018. You can access the complete details here. (Though you can also go through a shopping portal to get the discount; see below)
To take advantage of this promotion, you must purchase a minimum of 5,000 points. SPG points usually cost 3.5 cents per point. If you purchase the maximum of 30,000 points, it normally would cost $1,050. With this promotion, you will save 35% and pay $682.50 instead. That is equivalent to 2.275 cents per SPG point.
You can purchase up to 30,000 SPG points per calendar year. The account to receive the points must be opened for at least 14 days.
And why you might want to consider participating
In 2016 SPG ran a targeted promotion where some lucky members got up to 50% discounts on purchased SPG points. Occasionally they run a 35% off promotion, but 30% seems to be more common. So if you are in need of either SPG points (or Marriott points), you might want to consider participating in this promotion. And this new promotion is open to everyone.
Whether it is a good deal depends on if you have a need for SPG points. The timing of this promotion will be perfect if you are short on either SPG or Marriott points, as SPG points can be converted to Marriott points at 1:3 ratio. This is also an opportunity to purchase Marriott Rewards points cheaply and use them towards Travel Packages. [SEE ALSO – 4 reason to transfer SPG points to Marriott.]
Additionally, you can use SPG points to bid for unforgettable SPG Moments packages, such as for MLB experiences, or Formula 1 racing around the world, or many other annual events such as NHL Stanley Cups Final.
(SEE ALSO: Meet the guy who spent 1,000,000 SPG points to throw out the first pitch of Game 7 of the World Series)
2 tricks to save more
If you decide to purchase, be sure to go through TopCashBack portal to earn 2.5% cash back on your purchase.
And use your SPG Amex cards (be sure to select SPG American Express, not just American Express, as your payment card). You could earn 2x points on the purchase!
Will you be taking advantage of this promotion?
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Dan Miller travels with his wife and 6 (SIX!) children. He loves to help families travel for free / cheap, especially larger families. If you are looking for help, drop him an email at 
Did IHG have a promotion of stay two nights get one free that ended in December? I had an IHG agent tell me I was signed up for it. I stayed the two nights in 2 different cities and now they say there was no such program for me?
TopCashBack is showing 1.5%, not 2.5%.
Must have just changed recently.
Good article, Sharon !
Thanks.
Did not get double points on the purchase with SPG AMEX card.