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Last month Chase launched the brand new IHG® Rewards Club Premier Credit Card, a premium card for the IHG Rewards Club program which includes Intercontinental, Crowne Plaza, Kimpton, Holiday Inn and related brands.
The card’s initial bonus offer is 80,000 points after $2000 spend within 3 months and 5,000 points after you add your first authorized user and make a purchase in the first three months.
The card comes with Platinum status, a free night after each account anniversary year, and a free reward night on points stays of 4 or more nights. (That’s better than the ‘5th night free’ from Starwood and from Hilton, and amounts to a 25% discount on four night award stays.)
The annual free night is limited to most of the hotels that are bookable for 40,000 points per night or less. It also must be used within 12 months of issue (rather than just making a reservation within 12 months of issue).
You also get 20% off purchasing IHG Rewards Club points and a statement credit for TSA PreCheck or Global Entry every four years. That’s strong value on an $89 annual fee card.
That’s great — lots of readers are being approved for this card, perhaps it’s a relatively easy approval compared to some rewards cards, and importantly “5/24” doesn’t apply meaning Chase won’t disqualify you just because you’ve signed up for 5 or more new cards in the last 24 months.
But there are several important questions we now know the answer to since the card launched.
- It’s a new and separate product. While Chase is limiting Southwest cards to one personal card at a time for the whole family, that does not appear to be the case for the IHG cards. So if you have an existing personal IHG Rewards Club credit card reports are people are getting approved for this one too. That’s great for the 4th night free on points redemptions and the annual free night as well as the signup bonus points.
- Fourth night free on awards is calculated at time of booking. You only need enough points in your account to book three nights and you can book a four night reward.
- If you have both IHG cards you can stack 4th night free with 10% rebate. So a four night reward only has a net cost of 90% of what a three night reward would cost. That’s only available to people who have the old legacy card that comes with the 10% rebate and who get this new card that offers 4th night free.
- You can have more than one annual free night certificate if you have more than one card. So folks with the legacy card who get this card too earn two free night certificates each year. If you and a travel companion both have that, it’s four free nights.
- The 20% discount on purchased points only works off full price. You don’t get 20% off in conjunction with sales on points that IHG runs. (HT: One Mile at a Time)
Intercontinental Kuala Lumpur