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Daily Getaways is back this year, which is a five week promotion intended to promote US tourism. It offers opportunities to purchase discounted hotel points and travel packages.
I’ve shared my initial thoughts on the packages for sale, including the offers for weeks one and two. Daily Getaways packages go on sale at 1PM ET every weekday, and the more popular packages sell out very quickly, so you’ll want to be fast, if interested.
Today at 1PM ET you’ll have the opportunity to purchase IHG Rewards Club points at a discount. This is likely to be one of the most popular Daily Getaways packages, and it’s also the promotion with the most items for sale — there are over 6,000 sets of IHG points packages available.
Here’s a chart with the details of the packages, how many you can buy per account, etc.:
|# Of Points||Cost||Cost Per Point||# Of Packages||Limit|
|15,000 IHG Rewards Club||$89||0.6 cents/point||1,000||5|
|25,000 IHG Rewards Club||$149||0.6 cents/point||750||4|
|50,000 IHG Rewards Club||$299||0.6 cents/point||755||4|
|100,000 IHG Rewards Club||$589||0.59 cents/point||2,900||3|
|130,000 IHG Rewards Club||$749||0.58 cents/point||1,000||3|
Given how many units are available for sale, the good news is that I don’t think it will sell out quickly. Last year the IHG points packages didn’t sell out for weeks, so I suspect it’ll be the same this time around.
If you’re so inclined, you can purchase up to 19 packages, for a total of 1,050,000 IHG Rewards Club points.
The cost per purchased point through this promotion is ~0.6 cents, which is pretty reasonable.
For what it’s worth, IHG Rewards Club also often has sales on the purchase of points directly. The highest offer they tend to run is for a 100% bonus, which allows you to purchase points for ~0.575 cents each. So this rate is actually a bit higher than what IHG usually charges directly. The catch is that when you buy IHG points directly, you’re limited to buying 60,000 points per calendar year (pre-bonus), while through this promotion you can buy way more points, and it doesn’t count towards your annual limit.
This IHG Rewards Club promotion through Daily Getaways is very similar to the one they offered in 2016 and 2015. However, they’ve devalued the program a couple of times over the past couple of years, so the value of each point is decreasing.
If you have the IHG® Rewards Club Select Credit Card you get a 10% points refund on award redemptions, for a total refund of up to 100,000 points per year. When you factor in the refund you’re getting on redemptions your net acquisition cost is more like ~0.54 cents per point, which is even better.
If you are going to make a purchase through Daily Getaways, note that their merchant code has them categorized as “travel.” So you’ll want to use a card that offers bonus points on travel, rather than a card that offers bonus points specifically on hotels. For example, the Chase Sapphire Preferred® Card offers double points on travel, the Citi ThankYou® Premier Card offers triple points on travel, etc.
Personally I wouldn’t speculatively buy IHG points at this rate, though with a specific use in mind, this could be a great deal. Ultimately the cost per acquired point is actually marginally more expensive than when IHG runs a promotion on purchased points directly, though those promotions are capped at 60,000 points annually, before any bonuses.
Do you plan on purchasing IHG Rewards Club points through Daily Getaways?