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As I first posted about a couple of weeks ago, IHG Rewards Club is offering up to a 100% bonus on purchased points through June 30, 2015. That means you only have until tomorrow if you want to take advantage of this promotion.
That’s the best bonus we’ve seen on IHG Rewards Club points since last September, when they ran an identical promotion.
The cost to purchase points varies based on how many you buy, as follows:
- 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
If you max out this promotion and purchase 60,000 points you’d end up paying $690 and would get a total of 120,000 IHG Rewards Club points.
That’s a rate of 0.575 cents per IHG Rewards Club point.
As a point of comparison, IHG Rewards Club offered a 60% bonus on purchased points in late 2014. When IHG Rewards Club participated in Daily Getaways earlier in the year, the lowest cost at which they were selling points was ~0.57 cents each… basically at the same price as here.
As a reminder IHG Rewards Club points purchases are processed by points.com, so wouldn’t qualify as hotel spend for the purposes of your credit card.
Is it worth buying IHG points with a 100% bonus?
IHG Rewards Club charges at most 50,000 points per free night, so if buying points that means you’d be paying $287.50 per night f0r a stay at one of their top hotels. That’s way less than many of IHG’s top properties retail for.
So I might not speculatively buy points at this rate just for giggles, but there’s definitely value to be had… and I do think it’s tough to go wrong at this price.
It can be an especially good value if you’re able to redeem points at a PointBreaks hotel, whereby you pay only 5,000 points per night. At a rate of 0.575 cents per point, that’s like paying ~$29 per free night, which is an incredible value.
While I’m usually opposed to speculatively purchasing points, this is the best rate we’ve seen for the purchase of IHG Rewards Club points in quite a while. I have a healthy balance of IHG Rewards Club points, though if I didn’t I might consider buying some through this promotion.
Do you plan on buying IHG Rewards Club points with a 100% bonus?