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IHG Rewards Club – the loyalty program for Intercontinental, Crowne Plaza, Holiday Inn and related brands — is offering a 100% bonus on purchased points through November 16. There are other lower bonus amounts, too.
At a 100% bonus you can buy points at just $0.00575 apiece which is a lower price than what they’re worth.
They do make you validate your IHG Rewards Club account information. I’ve checked a few accounts and they were offered a 100% bonus. There are lower bonuses like 80% also.
This is the normal pricing:
You may purchase points in 1,000 increments:
1,000 – 10,000 points for $13.50 per 1,000 points
11,000 – 25,000 points for $12.50 per 1,000 points
26,000 – 60,000 points for $11.50 per 1,000 points
As a result, if you’re offered a 100% bonus you can buy points for as little as $0.00575 apiece (half of $11.50 per 1000) or $690 for 120,000 points which is the maximum allowable purchase.
Club Lounge at the Intercontinental Kuala Lumpur
The points are processed by Points.com so this doesn’t count as hotel spend for credit card bonuses.
- Using points at the Intercontinental Thalasso on Bora Bora may be the best aspirational points redemption in the world. Availability pops up occasionally and especially within a couple of weeks of travel.
- And for sure if you’re spending your points on discounted 5000 point per night PointBreaks hotels you’re getting real leverage.
In general I value an IHG Rewards Club point at about 6/10ths of a cent — just over the price they’re selling points through this promotion. If the price were lower I would be a buyer.
Personally I’d rather hold cash than points at this price and only buy points with a specific use in mind, especially since it’s long been possible to buy points at 7/10ths of a cent apiece whenever one wishes and sometimes less. The gain by acting right away is marginal (just over one-tenth of a cent per point).
But you likely won’t get hurt at this price. And it’s tied for the lowest price I’ve seen. They offered it before… July, May, February, in December, last June and fall 2014.