Originally Posted by
TravelinSperry
you'd likely end up with about 30,000 points from SPG Amex after spending $5k. 25,000 bonus points and points for your spend. That is worth about $900 in redemption for hotels (depending on when/where you redeem).
Where?
IME it's difficult to get more than 2-2.5 cents of value per point, and often it's under 2c. Sure, good opportunities exist, but it's usually when you do fifth night free at a highly seasonable hotel when rates are unusually high.