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IHG Rewards Club is running a promotion for Points & Cash booking made between July 8 and August 7, 2016, for stays through September 30, 2016.
Those paying with the IHG® Rewards Club Select Credit Card can receive a 15% discount on the cash component of a Cash & Points booking.
On top of that, keep in mind that those with the IHG® Rewards Club Select Credit Card receive a 10% points refund when they redeem their points, for a total refund of up to 100,000 points per calendar year.
Points & Cash with IHG works a bit differently than with some other hotel chains. For example, at Hilton, Hyatt, and Starwood, Points & Cash availability is capacity controlled and can represent an exceptional value. In the case of IHG, Points & Cash is available as long as a standard reward night is available, and simply decreases the cost of your stay by 5,000-20,000 points for a fixed dollar value.
For example, below are the Points & Cash options at the InterContinental New York Times Square, factoring in the 15% discount on the cash component:
As you can see, the biggest discount would save you 20,000 points for a total of $106.25. That means you’re basically spending 0.53 cents in place of each IHG Rewards Club point, which is a pretty great deal. Personally I value IHG Rewards Club points at ~0.5 cents each.
Also keep in mind that if you cancel an IHG reward booking where you used Points & Cash, you get the full points back, rather than the cash you paid. In other words, if you booked the award for 40,000 points plus $106.25, you’d actually receive a refund of 60,000 points if you needed to cancel. So you can even use this promotion as a means of acquiring IHG points at a discount, since points acquired through this method don’t count towards the annual cap of purchased points.
This isn’t life changing since the promotion just impacts the cash portion of a Points & Cash booking. At the same time, when you factor in the 15% discount on the cash portion and the 10% discount on the points portion thanks to the IHG® Rewards Club Select Credit Card, you’re looking at a very nice deal. Some will find this most useful as a way of acquiring IHG points at a discount by booking Points & Cash reservations and then canceling them.