Great Deal: IHG Offering A 100% Bonus On Purchased Points

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!

IHG Rewards Club is offering their first non-targeted 100% bonus on purchased points for 2017. The bonus is valid for points purchases through February 17, 2017. Through this offer, IHG Rewards Club is offering a 100% bonus on purchased points when you buy at least 5,000 points in one transaction. This is as good as their bonuses on purchased points get.

IHG-Rewards-Club-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 Express, or Citi® Double Cash Card.

Here are the full terms of the promotion:

Offer available for purchases made between 12:00 AM ET February 14, 2016 12:00 AM ET and 11:59 PM February 17, 2016 inclusive. This is an exclusive, non-transferable offer for intended recipient only and may not be forwarded. 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 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 72 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?

Last 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. Last month IHG had a further devaluation. While some properties went down in price, most went up.

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

This is the first 100% IHG bonus on purchased points we’ve seen in 2017. Bonuses on purchased IHG points don’t get better than this. While this isn’t for everyone, with a specific use in mind it could make sense to buy 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?

Regarding Comments: The comments on this page have not been provided, reviewed, approved or otherwise endorsed by any advertiser, and it is not an advertiser's responsibility to ensure posts and/or questions are answered.

Comments

  1. @Lucky, curious to get your thoughts –
    Looking to meet a CC spend bonus, and am considering buying points as a way to do that. Some of the promos are Alaska, IHG, Hilton. Of all the purchase promos out there right now, which would you say is the best deal?

  2. Actually you pay $0.00675 per point at 5000+5000, and the cost goes down gradually until you get to 26000+26000 where the price dropped to the lowest – $0.00575.

    Sometimes you can acquire IHG points at much lower price at some properties that offer “10K bonus points” package. In most cases, you pay around $25-$40 above the regular rate – that’s 0.0025 – 0.004 per point.

    I accidentally noticed that rates for 2/17/2017 at Holiday Inn Milwaukee Airport are as follow:

    $89 Best Available Rate
    $83 Your rate by IHG
    $104 2K bonus points
    $109 10K bonus points

  3. IHG. The forgotten stepchild in hotel loyalty programs.

    They need an image refresh.
    Marriot/SPG merger isn’t helping either

  4. Sorry, the thought of buying points scares me . They could offer a 200% point bonus and I MIGHT take it. Or might not. Why? They can take the value of those points from me at anytime by increasing what I need for a room. If they guaranteed that my points would be adjusted for any devaluation that would be one thing, but this is like buying a car with a loan from the dealer, and then finding the dealer can up the interest rate on the loan at will and you have no choice but to pay.

  5. Hi Lucky.
    Are there any issues if you buy the points and then redeem them through an airline partnership?
    For example I could purchase the 120k points for US$690 or AUD$900 and then transfer them to Virgin Australia at a rate of 2k miles for every 10k points.
    Effectively I’m paying US$690/AUD$900 for 24k miles.
    Unless my maths are fuzzy (i’ve just flown overnight from LA to Sydney so highly possible) this seems not bad as you’d need to do a lot more credit card spending or spending on flights than that to get 24k miles.
    You might not get value from then just redeeming the 24k miles in isolation for the Virgin Australia flight, but you might if you bundle them up with other miles and get an international business class seat.
    Would you agree?

  6. Always factor in taxes. Rewards have none. Many places have over 10% making reward stays even better.

    How does this compare to the “reserve and cancel” trick price and I assume the 60K limit doesn’t apply to that.

    Also if the “bonus pak points” option is so good, can it be done on the “reserve and cancel” trick?

  7. update: I checked and the “cash plus points” sale is over meaning points on that trick are back about 7 cents.

    Also it seems the “Extra point pak” isn’t paid for until checkout.

    btw- I reserved rooms for Mardi Gras in New Orleans at a hotel charging $350+tax per night for 40K points per night….about $200. I just got back from Key West where the same difference applied. IHG has better availability in high season and special events than other programs.

Leave a Reply

Your email address will not be published. Required fields are marked *