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IHG Rewards Club – the loyalty program for Intercontinental, Crowne Plaza, Holiday Inn and related brands — is offering a bonus up to 100% on purchased points through November 30. This applies to purchases of 7000 or more points. (HT: One Mile at a Time)
What’s even better is that IHG recently dropped the regular price of points to a penny apiece, so with a 100% bonus you’re buying points for $0.005 each. They’ve also increased the number of points you can buy in a year to 100,000.
They do make you validate your IHG Rewards Club account information. Some accounts may receive a different offer.
The points are processed by Points.com so this doesn’t count as hotel spend for credit card bonuses.
Club Lounge at the Intercontinental Kuala Lumpur
Personally I’d value IHG points at $0.006 apiece so if you can buy 200,000 points for $1000 — $0.005 each — and you have a vision for using them then I think it’s a pretty good deal, though bear in mind that:
- It’s long been possible to buy points at 7/10ths of a cent apiece whenever one wishes and sometimes less. So the gain by acting right away is marginal.
- And you can earn points much less expensively. I’ll get to that in a moment.
- However you likely won’t get hurt at this price. And I don’t believe I’ve ever seen IHG sell points for less.
The most efficient way to earn IHG Rewards Club points is with the IHG® Rewards Club Premier Credit Card which offers 80,000 points after after spending $2,000 on purchases in the first 3 months.
Anecdotally my sense is that this is one of the easiest Chase rewards cards to be approved for. And reports are that it is not subject to Chase’s 5/24 rules where they only approve folks that have had fewer than 5 new cards in the last 24 months for many of their products.
The card comes with platinum status; a free night after each account anniversary year at eligible IHG hotels worldwide; a free reward night on points stays of 4 or more nights; Global Entry or TSA Precheck fee credit (up to $100 every 4 years).
If you don’t already have the IHG® Rewards Club Premier Credit Card I’d start there. If you do consider whether you want to buy points at half a cent each.
It can be an amazing deal to buy points cheap and redeem them for reward stays in conjunction with the IHG® Rewards Club Premier Credit Card 4th night free benefit.
Terms and conditions:
Offer available for purchases made between 12:00 AM ET November 12, 2018, and 11:59 PM ET November 30, 2018. 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. Only purchases made online are eligible for the bonus.
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 100,000 points per calendar year and receive as a gift a maximum of 100,000 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.