Good Deal: Buy IHG Points With A 100% Bonus

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Through November 30, 2015, IHG Rewards Club is offering a 100% bonus on purchased points. This is as good as bonuses get on the purchase of IHG points.

Buy-IHG-Points-2

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

I 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.

Buy-IHG-Points-1

That’s a rate of 0.575 cents per IHG Rewards Club point.

Also keep in mind that if you have the IHG® Rewards Club Select Credit Card you get a 10% refund on award redemptions, up to 100,000 points back each year. That means for the first million points you redeem each year you get a 10% discount.

IHG-Rebate

To do the math slightly differently, the cost per acquired point is really ~0.52 cents, when you factor in the 10% rebate you get when you go to redeem the points, assuming you’re doing so within the above paramters.

Keep in mind that IHG Rewards Club points purchases are processed by points.com, meaning they don’t count as hotel spend for the purposes of your credit card. That means if you buy points you’ll want to use a card which maximizes your return on everyday, non-bonused spend, like the Amex EveryDay® Preferred Credit Card or Starwood Preferred Guest® Credit Card from American Express.

Here are the full terms of the promotion:

Offer available for purchases made between 12:00 AM ET November 20 and 11:59 PM ET November 30, 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 (closer to $250 if you factor in the 10% rebate with the co-branded credit card).

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.

InterContinental-London
Redeem 50,000 IHG Rewards Club points at the InterContinental London Park Lane

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 as good of a rate as you’ll find for purchasing IHG points. Keep in mind you can buy a maximum of 60,000 IHG points per calendar year pre-bonus, and this is likely the last 100% bonus we’ll see in 2015. So if there’s a time to buy points it’s now, since the limit will reset in a bit over a month.

If I didn’t have a healthy balance of IHG points I’d consider buying some through this promotion.

Do you plan on buying IHG Rewards Club points with a 100% bonus?


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Comments

  1. Jeez. At the end of every such post you say “If I didn’t have a healthy balance of points I’d consider buying some through this promotion” Is there any program where you do not have a healthy balance?

  2. FYI, the InterContinental London Park Lane featured in the photo above enforces a “maximum of two persons per room per night” award redemption rule making the Park Lane a doubly expensive option for a family looking to redeem IHG points at the hotel.

  3. But can Lucky beat this guy re points?

    Liu Yiqian, a Chinese billionaire who uses his American Express card to buy art at auctions, has just added to his spending spree.
    The Shanghai-based collector spent nearly $19 million at Sotheby’s and Christie’s in a series of auctions in New York this week, on top of the $81 million he spent on historic Chinese treasures last year, earning tens of millions of AmEx points in the process.

  4. I was thinking about it but … just checked on my upcoming Madrid stay. Intercontinental is 40K points/night but allowing for the 10% discount that would be 36K which is $225. The Intercontinental Madrid, the nicest IHG property it seems, is 153 euros/night ($163). So $163 is better than $225. Of course I would earn points for the stay/cash spent, which is another vote against buying points for this stay. But I agree, for other properties it can be a great deal. Thx for the post!

  5. How does this compare to the technique where you book a reservation using points you already have, plus buying some points during the reservation process to “top off” the account…. then cancel and be paid back all in points?

  6. We are going to Washington DC, and I checked the Willard which charges USD 600/night. So, it is a no-brainer to buy points which would give me a 50% discount. Thanks for drawing my attention to the deal.

  7. Benjamin schlappig,
    It looks easy but its difficult to deal with the points and miles and bonuses.

    Taher.

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