In the interest of full disclosure, One Mile At A Time earns a referral bonus for anyone that’s approved through some of the below links. These are the best publicly available offers that we have found for each card. Please check out our advertiser policy for further details about the partners we work with. Thanks for your support!
Through August 31, 2015, IHG Rewards Club is offering a “mystery bonus” on the purchase of points. The bonus seems to range between 50% and 100%, so you’ll want to log into your account to see which version of the bonus you’ve been targeted for.
My account was targeted with a 100% bonus. 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
So with the 100% version of the offer that I was targeted for, 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 up to a 100% bonus on the purchase of points for the month of June, which was otherwise the best bonus of the year.
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.
Here are the full terms of the promotion:
*Offer available for purchases made between 12:00 AM ET July 27 and 11:59 PM ET August 31, 2015 inclusive. 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 60,000 points per calendar year and receive as a gift a maximum of 60,000 points per calendar year. Please allow 24-48 hours for points to post and appear in the recipient’s account. All other IHG® Rewards Club Terms and Conditions apply.
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.
If you’re a fan of IHG hotels, that’s a heck of a value, given that many retail for $500+ per night. So I wouldn’t speculatively buy points at this rate just for giggles, but there’s definitely value to be had.
Redeem IHG Rewards Club points at the InterContinental Thalasso Bora Bora
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.
Also keep in mind that if you have the IHG® Rewards Club Select Credit Card you get a 10% refund on all points redeemed, up to 100,000 points per year. That even further lowers your redemption costs and increases the value your points.
Since this promotion offers a mystery bonus, you may be targeted for anywhere between a 50% and 100% bonus on purchased points. If you are targeted for the 100% bonus, that version of the offer is as good as it gets, so I’d consider buying some points through this promotion.
Which version of the IHG mystery bonus were you targeted for?