IHG Rewards Club – the loyalty program for Intercontinental, Crowne Plaza, Holiday Inn and related brands — is offering a 100% bonus on purchased points through March 22. This applies to purchases of 5000 or more points.
At a 100% bonus you can buy points at just $0.00575 apiece which is the lowest price I see them sell points for. And I believe the points are worth slightly more than this.
They do make you validate your IHG Rewards Club account information. I’ve checked a few accounts and they were offered a 100% bonus.
Here’s what pricing looks like maxing out the offer:
One Mile at a Time writes that he’s offered 120,000 points for $680 which is exactly what I’d expect, doubling of the maximum 60,000 point purchase and at the price of 60,000 points. This comes out to $0.00575 apiece (half of $11.50 per 1000).
However I am offered a maximum of 116,000 points at just $580 or $0.005 each which seems like a mistake but of course an even better deal.
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.
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 though they’ve offered it several times before.
Terms and conditions:
Offer available for purchases made between 12:00 AM ET March 19, 2018, and 11:59 PM ET March 22, 2018, inclusive. This is an exclusive, non-transferable offer for the intended recipient only and may not be forwarded. Bonus points will be awarded upon completion of the transaction. Bonus points will be awarded to the recipient of the points purchase. Offer is subject to change. Offer cannot be combined with any other offer.
Price includes all applicable fees. Purchased points are not refundable and are applicable toward all IHG® Rewards Club awards. Members may purchase a maximum of 60,000 points per calendar year and receive as a gift a maximum of 60,000 points per calendar year. Please allow 72 hours for points to post and appear in the recipient’s account. All other IHG® Rewards Club Terms and Conditions apply.