Originally Posted by
phoenixgck
It's useless. 50% off rack rate.
Obviously this poster has not had luck with the 50% off coupon/points redemption option. I have used the SPG50 option several times. It all depends on what hotels you stay in. Most likely, it wouldn't help on a Four Points or Sheraton stay in the US. I have used my SPG50 in San Fran (St. Regis), NY (St. Regis) and a few other locations. For the higher end properties, SPG50 is definitely worth it.
If you are considering traveling overseas, you may want to look into this option as well. Again, it just all depends on what the hotel's RACK rate is. You may have to search around to find a hotel that actually gives you value for this coupon, but they are certainly out there.