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In early July, IHG ran a promotion for 15% off Points & Cash bookings. Well, they’re back with a similar promotion, though it’s slightly less generous.
Through September 18, 2016, you can receive a 12% discount on the cash component of a Cash & Points booking. The promotion is valid for stays booked through November 30, 2016. Furthermore, you need to be an IHG elite member to be eligible for the promotion, meaning everyone with the IHG® Rewards Club Select Credit Card is eligible, since you get Platinum status for as long as you have the card.
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 12% discount on the cash component:
As you can see, the biggest discount would save you 20,000 points for a total of $110. That means you’re basically spending 0.55 cents in place of each IHG Rewards Club point, which is a pretty great deal, and a better deal than the 80% bonus on purchased points that IHG is offering at the moment. 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 $110, 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.
Then if you have the IHG® Rewards Club Select Credit Card and spend those points again, then you’d receive 10% of those points back.
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 12% 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.