IHG Is Offering A 100% Bonus On Purchased Points

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IHG Rewards Club has just announced a flash sale on the purchase of points for a few days only. The bonus is valid for points purchases through May 19, 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-100

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 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 ET May 16, 2017 12:00 AM ET and 11:59 PM May 19, 2017 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. Earlier this year 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

Typically a 100% bonus on purchased IHG points is as good is as good as it gets. 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?

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Comments

  1. FYI: it’s now almost impossible to redeem points for the most sought after hotels in Bora Bora. It used to be possible for 60,000 points per night, but not any more. They almost never make rooms available for award stays, and in rare cases when they do, you can only book one night if you are lucky.

  2. My husband and I are celebrating a special birthday in NYC in June, when rates are very high. We’re using our free IHG Visa anniversary night at the 60,000 point per night Intercontinental Times Square, but if we didn’t have that, purchasing points for a net of $310.50 ($345 minus the 10 percent cardholder discount) would be a great bargain considering that the lowest rate on that night, including tax, is $567.

  3. This is a no brainer for me —
    I have a ton of IHG points, BUT one of my Accelerate offers was a bonus of 1,000 IHG points if/when I buy points. So I’ll do the minimum 5,000 point purchase for the 100% bonus and effectively get 11,000 IHG points, taking the cost down even more.

  4. @Lucky, have there been any recent points bonus which you considered it worth to buy points, for the sake of speculating (not being judgmental, just curious)?

  5. You could buy IHG points for 0.46 cents per point about three weeks ago. I bought 60,000 then, and I regret not buying more. Using them mostly for staying in Holiday Inns on road trips for 10,000 – 20,000 points per night ($46-$92) when paid rates are usually in $100-$200 range or more with taxes.

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