Many people use Starpoints for airline miles. 20,000 Starpoints turns into 25,000 airlines miles (50,000 with LAN). I have also posted various promotions in the past where 20,000 Starpoints have transferred into33,750 AA miles, 37,500 USAirways miles, or even 62,500 Delta miles. You can fly to Israel from just 20,000 Starpoints round-trip plus fuel surcharges or from just 40,000 with no fuel surcharges. With 31 airline transfer partners that in turn each have dozens of airline partners that you can fly on there are endless possibilities and new values to be discovered.
However using Starpoints for hotels can also be pretty awesome.
Take the Le Meridian at the Dead Sea in Israel. Though it’s only a mediocre hotel, it’s in a pretty desirable location. They do play games with their availability, but that’s nothing that I haven’t been able to fix with a call to SPG. At any rate take the weekend of 10/26-10/28 for example. A superior room goes for $331 per night plus tax, for a total of $767.92. Or you can redeem 2,000 Starpoints per night to stay there for free. 4,000 Starpoints will save you $767.92, or a value of 19.2 cents per Starpoint. At values like that your 30,000 bonus Starpoints for opening a Starwood card will be worth $5,760 ) Thanks Dans Deals