4 Days Only: Buy IHG Points With A 100% Bonus

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IHG Rewards Club is offering a four day sale on the purchase of points, valid through June 3, 2016. Through this offer, IHG Rewards Club is offering a 100% bonus on purchased points. This is as good as the bonus gets on the purchase of IHG points.

Unlike some past promotions, you get the 100% bonus no matter how many points you buy, whether it’s 1,000 or 60,000 (in the past there were often minimum thresholds to get the 100% bonus).

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.

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 parameters.

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

Here are the full terms of the promotion:

Offer available for purchases made between 12:00 AM EST May 31 and 11:59 PM EST June 3, 2016 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.

Is it worth buying IHG points with a 100% bonus?

Earlier in the year IHG Rewards Club devalued their award chart, where we saw the cost of free night redemptions at ~400 of IHG’s 5,000+ properties change by 5,000-10,000 points per night. While some properties went down in price, most went up.

Perhaps the worst part is that IHG raised the cost for stays at their top hotels from 50,000 points per night, to a maximum of 60,000 points per night. So that’s pretty unfortunate for those targeting aspirational redemptions.

Still, with a specific use in mind there’s a lot of value to be had. For example, if you’re staying at one of the hotels that costs 60,000 points per night, that’s like paying $345 for a free night, and if you have IHG® Rewards Club Select Credit Card, it’s more like paying ~$310. Given the revenue costs of some of those hotels, that can still be a great value.

I wouldn’t speculatively buy points at this rate just for giggles, but there’s value to be had under the correct circumstances.

InterContinental-London
Redeem 60,000 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, where 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

We’ve seen 100% bonuses on purchased IHG points a few times before, and naturally this was a slightly better deal before the devaluation. That being said, there’s still value to be had, given how much some of IHG’s top properties retail for. This is the absolute best price we’ve seen for the purchase of IHG points, so with a specific use in mind I’d consider buying points.

The deal gets even better if you have IHG® Rewards Club Select Credit Card, since you get a further 10% refund on redemptions.

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

(Tip of the hat to View from the Wing)


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Comments

  1. Lucky,

    I thought the points from the us travel thing were cheaper. While that is over, were they not at .50 cents per point?

    Thanks in advance!

  2. You’ve reached your limit – You can’t buy anymore Points this year. Check back on January 1, 2017 for some great offers. I bought 300K of these during the last USTA Daily Getaway and I find them very valuable.

    Great Asian resort properties that go for 25K-35K points per night, such as the ICH Hua Hin, HI Resort Koh Phi Phi, HI Resort Phuket and Khao Lak, etc. I get 20% refund on redemptions: 10% for having the Chase IHG credit card and another 10% for being an Ambassador.

    During our last trip to Thailand, we booked 3 rooms for 3 nights at the ICH Resort Hua Hin and we got to save 18% on taxes and service charge and no resort fees: https://www.flickr.com/photos/kalboz/sets/72157667165632131

  3. they saved my behind in 2014. I got two nights at a Holiday Inn near the Madeleine in Paris for 70k point total during Paris fashion week
    A nice 4 star hotel that was priced over 300euros that week!

    I couldnt believe my luck! I had bought those for $250 total

  4. @Kalboz nice photo tour of ICHH. I stayed there for 4 nights recently. Gorgeous hard product, soft product was nice but has some work to do. I had a handful of hiccups that while minor add up to opportunity for improvement. Anyhow, agree with you, beautiful luxury resorts in Thailand.

  5. Lucky, the cost of Intercontinental London Park Lane is now 60,000 points, and you may want to change that caption. 😉

  6. @omgstfualready,
    No, you can not use IHG points yet at Kimpton properties. However, IHG has made vague promises of better integrating Kimpton into the IHG fold in 2016. Stay tuned.

  7. I am not taken by the low level properties, but some of the 60K point properties can be pretty good value ($300 per night).

    The biggest reason I don’t stock up is that I find availability at the nice properties to be poor. Very poor even. I have an easier finding Delta Pesos saver availability then I do IHG availability.

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

    Someone got the decimal point wrong. 60,000 + 60,000 points for $690.00 is not $0.575 per point, it is $690/120,000 = $0.00575 per point (or $5.75 per 1000 points).

  9. @ David Ziegler — Might want to try your math again. 😉 $5.75 per 1,000 points is the same as 0.575 cents per point. I didn’t say $0.575, which would be 57.5 cents per point.

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