Please note that I will always try to post the best sign-up bonus, but you should also do your own research!

Card:  Starwood Preferred Guest Card by American Express

Normally, this card rewards you with 25,000 points for spending $3,000 in 90 days. Every year, the bonus goes to 30,000-35,000 points for about a month.

This, however, is a brand new offer:  2 free nights after you spend $3,000 in 90 days. These free nights can be used on category 1-5 SPG properties. If you’ve been holding out on getting this card, is now the time to jump on this? My answer is…maybe but mostly no, and here’s why:

At it’s best, this bonus is worth 24,000-32,000 points and at it’s very worst, this bonus is worth only 4,000-6,000 points. Clearly, you should NOT use this bonus for a category 1 stay. The only way this bonus is a better value than the 25,000 point bonus (still available here) is if you stay at a category 5 property.

In addition, if you’re planning on staying at a category 1-3 property, the points will get you more than 2 nights:

• Category 1:  8-12 nights
• Category 2:  6-8 nights
• Category 3:  3 nights

My verdict:  unless you have a two-night stay coming up in an area with a category 5 property, go with the original, 25,000 point bonus while you still can.