IHG Rewards Club Is Offering A 100% Bonus On Purchased Points (Again)

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Goodness, IHG Rewards Club is offering back-to-back promotions on purchased points. Their last promotion was supposed to end on November 3, though got extended through November 9. Without taking a break, they’ve now published their next promotion.

IHG Rewards Club is offering up to a 100% bonus on purchased points through December 8, 2017, meaning that the promotion is valid for about a month. This bonus is tiered, as follows:

  • Buy 5,000-19,999 points, get a 40% bonus
  • Buy 20,000+ points, get a 100% 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.

That’s a rate of 0.575 cents per IHG Rewards Club point.

The value potentially gets even better than 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.

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 points 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 Express or Citi® Double Cash Card.

Here are the full terms of the promotion:

Offer available for purchases made between 12:00 AM ET November 10, 2017, and 11:59 PM ET December 8, 2017. This is an exclusive, non­transferable offer for the 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 the 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.


Redeem 60,000 IHG Rewards Club points at the InterContinental Amsterdam

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

100% is typically the biggest bonus that IHG offers on purchased points. While this isn’t for everyone, with a specific use in mind it could make sense to buy points. Also keep in mind that we’re nearing the end of the year, so this is probably your last chance to max out your IHG points purchase limit for the year.

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. @Garrett I agree. It’s surprising that IHG seems to offer only 1 type of room at a property. Of course a higher value room should be offered at a ~ proportionately higher number of points if it is offered, but a little more choice would help.

    On a related matter I was recently attempting to utilize my Chase Anniversary Free Night and was informed that it was not available for the property I had requested. This was a surprise so I checked a variety of dates to no avail. Then I did a search with 2 adults rather than 2 adults and 1 child and found out that the room I wanted (w/ a 3 person capacity) was actually $18 LESS than the (2 person) room I COULD get with the free night. I ended up using my free night at another IHG property that was an 8 minute walk further from where I wanted to be and where the cash price was $68 more than the room I had wanted. So less flexibility ends up costing IHG &/or Chase money while I have a minor inconvenience.

  2. When you use your certificate it doesn’t cost ihg ad chase much no matter where you use it so your point is moot

  3. @ Gene, I tend to agree. There are some excellent values to be had in this program and I think IHG will start to close those up.

  4. I don’t see much value with the 100% bonus when, say using it towards the Intercontinental HK, it’s about $330 USD or 60,000 pts….if buying 120,000 pts cost $690, it’s actually more than paying straight out cash.

  5. @SHAY PELEG I’m not saying it will cost IHG or Chase a lot but being put in a more expensive room leaves one fewer of those rooms that they could be offering for cash on that night. While occupancy is rarely 100% putting someone in a more expensive room leaves you trying to sell the less expensive one.

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