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April 02, 2006
Review Of Starwood Preferred Guest Credit Card from American Express
Rewards and features of the Starwood Preferred Guest Card from American Express
Free nights at Starwood Hotels start at 2000 points
Redeem points with most major airlines
You earn 1 point for every dollar spent
Earn 3 points for every dollar spent with Starwood hotels
First year has no annual fee
Balance transfers from higher rate cards
Categorized year end statement
Travel accident insurance
Car rental loss or damage insurance
Fees and APR details of the Starwood Preferred Guest Card
Introductory APR of 2.9% for 6 months.
Ongoing APR of prime plus 9.99%
Late payment fee minimum of $15 on balance less than $100
Late payment fee of $29 on balances of $100 to $1000
$35 late payment fee on balances greater than $1,000
Overlimit fee $35
Overall review and editor's opinion of the Starwood Preferred Guest Card
The Starwood rewards card which includes rewards for such hotels as Westin Hotels & Resorts, Sheraton Hotels & Resorts, Four Points by Sheraton, St. Regis, Luxury Collection and W Hotels is an excellent card for those who travel frequently and stay at the previously mentioned hotels either while on vacation or for business trips. If your balance is paid in full each and every billing cycle you will benefit greatly from this card. If you tend to carry a balance on the card you will find your rewards compared to what you pay in interest, depending upon your balance, will be about break-even. Breaking even isn't necessarily a bad thing but to truly reap the rewards of this card make sure you pay off your entire bill when you receive it. I personally recommend the Starwood Perferred Guest card from American Express for those with excellent credit.
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