Originally Posted by
itsme
What is the "SPG 20% bonus" thing? Is this something I have been missing out on?
When you transfer 20000 SPG points to frequent flyer miles, SPG adds 5000 miles, for a total of 25000 miles in exchange for 20000 SPG points. That is the 20% bonus.
And not to be nitpicking, but the $20 in interest income will reduce to a lesser sum when you pay the taxes on it next year.
Actually, I had already taken into account the expected tax payment on the interest income; the $20 is the after-tax figure. I just made up an estimated tax as everyone's situation is different.