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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 March 22. 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.