I also got an email offer for 120k Luxury SPG card, though not sure if really worth it compared to going for say, Amex Plat or even say, a UA card. 120k points gets you something like two off peak nights at a Category 7 hotel? If we go by the 3:1 conversion ratio, this doesn't seem any better than the old 40k SPG points elevated sign-on from last year.