Last Chance To Buy IHG Points For 0.575 Cents Each

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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.

IHG-Points-Bonus

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.

IHG-Bonus-1

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 2014When 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.

IHG-Rate

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.

Bottom line

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?

Comments

  1. @ Ben — The top rate is actually 45,000 points for IHG credit card holders, since you receive a 10% rebate. That means you can use this promo to buy top hotels for just $258.75, which is an awesome deal. I would buy 1 million points at this rate if I could.

  2. @ shaam — It won’t count as travel/hotel spend for the purposes of your credit card, so I’d say any card which gives you a high return on everyday spend — SPG AmEx, Barclaycard Arrival Plus, Amex EveryDay Preferred, etc.

  3. @ Ben — what is the maximum number of points I can obtain for me and the FCQ under the 100% bonus promo that ends tomorrow? Is it:

    a) 240,000 — Each buy 60,000 and each receive 60,000 bonus or
    b) 480,000 — Each buy 60,000 twice and receive 60,000 bonus twice or
    c) 480,000 — Each buy 60,000 and each receive 60,000 bonus and each gift 60,000 and receive 60,000 bonus or
    d) 960,000 — Each buy 60,000 twice and receive 60,000 bonus twice and each gift 60,000 twice and receive 60,000 bonus twice?

    Thanks!

  4. As a Cairo resident, I normally use a lot of IHG points at either InterCon here (Intercon Semiramis Nile or Intercon Citystars Heliopolis, the latter one tends to be more pricy. both 25K per night). As Chase IHG member, it’s 22,500 point ($129) per night. Due to high tax of Cairo (around 24%), it’s normally around $180-300 and about $350-450 during post-Ramadan feast time. Simply excellent value, also with Free Cancellation policy for point reservation. I would def. buy it.

  5. My wife and I each have the IHG card.

    1)Do I have to purchase the points with that or any card to get the 10% redemption or is it automatic through IHG once the points are used from my acct?

    2)Also to maximize my Ambassador level/perks can I buy 60k+60k bonus=120k total and then my wife “gifts” the same amount from her purchase to me? So we both purchase max but I have 240k total and she has none?

  6. Ahh,,Think I answered my #2 question. Looks like 240k I can get,,

    “Members may purchase a maximum of 120,000 points per calendar year and receive as a gift a maximum of 120,000 points per calendar year.”

  7. I can now confirm that the answer is D — 960,000 points is the max for a couple. If you are crazy enough to do this (like me), don’t use the same credit card more than twice since points.com will freeze out your card for too many uses in a short amount of time.

  8. @ Rob — You get the 10% refund automatically once you redeem the points. Based on what Gene says, it seems like the second should be possible.

  9. Hi,
    this might have been answered elsewhere, but still… how long do you usually wait for the points to be credited to the account? – I paid over 24hrs ago and still nothing there.

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