Strategically buying points can be a good value, especially for luxury hotel stays. IHG One Rewards has just launched its latest sale on purchased points. Unfortunately it’s not quite in line with the best offers we see from the program, but it still has the potential to be a good value.
In this post:
Sale on purchased IHG One Rewards points
Through Saturday, June 8, 2024, IHG One Rewards is offering a bonus on purchased points. Different members may be targeted for different offers. All the accounts I manage show a bonus of 80%, so that’s likely what others will see as well. In order to unlock the best bonus, you need to purchase at least 5,000 points in one transaction.
How much does it cost to buy IHG One Rewards points?
Ordinarily you can buy IHG One Rewards points for as little as one cent each (the pricing isn’t linear), before any discounts or bonuses. If you were eligible for an 80% bonus and purchased 250,000 IHG One Rewards points pre-bonus, you’d receive a total of 450,000 points at a cost of $2,500, which is a rate of 0.56 cents per IHG point.
IHG sells points quite often, and when the program does, the bonus is typically in the range of 80-100%. So this offer isn’t quite as good as the best deals we see from the program.
While the IHG One Rewards Premier Credit Card (review) and IHG One Rewards Premier Business Credit Card (review) offer a 20% discount on purchased points, that benefit only applies when buying points at the normal cost, and wouldn’t be applicable here.
How many IHG One Rewards points can you purchase?
IHG One Rewards ordinarily lets members purchase up to 150,000 points per calendar year, before any bonuses. However, during this promotion, that cap has been increased to 250,000 points.
Which credit card should you buy IHG One Rewards points with?
IHG One Rewards points purchases are processed by points.com, meaning they don’t count as a hotel purchase for the purposes of credit card spending.
Therefore I’d recommend using a card on which you’re trying to reach a minimum spending requirement, or otherwise, a credit card that maximizes your return on everyday spending, like the Chase Freedom Unlimited® (review), Citi Double Cash® Card (review), or the Capital One Venture Rewards Credit Card (review) (Rates & Fees).
- Earn 1% cash back when you make a purchase, earn 1% cash back when you pay for that purchase
- $0
- Earn 3% Cash Back on Dining
- Earn 3% Cash Back at Drugstores
- Earn 1.5% Cash Back On All Other Purchases
- $0
- Earn 2x miles on every purchase
- No Foreign Transaction Fees
- 10,000 bonus miles every account anniversary
- $395
- Earn unlimited 2X miles on every purchase, every day
- No Foreign Transaction Fees
- Global Entry/TSA Pre-Check Credit
- $95
- 2x points on purchases up to $50k then 1x
- Access to Amex Offers
- No annual fee
See this post for more on which credit cards are best for buying points.
Is buying IHG One Rewards points worth it?
IHG One Rewards has dynamic award pricing, which means there’s no minimum or maximum number of points a hotel stay can cost. Rather the cost of an award stay generally correlates somewhat to the cost of a revenue stay.
However, that doesn’t necessarily mean you’ll get the same value with all hotel stays. There are many situations where you can get outsized value by buying points and then redeeming them, so let’s get into that in a bit more detail.
Tip: Get a fourth night free with an IHG credit card
You’ll get the most value from your IHG points if you have the IHG One Rewards Premier Credit Card (review), IHG One Rewards Premier Business Credit Card (review), or IHG One Rewards Traveler Credit Card (review).
That’s because the cards offer a fourth night free benefit, meaning that you can book a four night award stay for the cost of three nights. This is essentially the equivalent of 25% off in increments of four nights, since you can use this benefit an unlimited number of times.
At what hotels can you redeem IHG One Rewards points?
IHG has over 15 hotel brands, so there are lots of options for redeeming your IHG One Rewards points. IHG points can be redeemed at the following properties, among others:
- For luxury & premium hotels, there’s Six Senses, Regent, InterContinental, Kimpton and Hotel Indigo
- For mid-range and limited service hotels, there’s Crowne Plaza, Holiday Inn, Holiday Inn Express, Candlewood Suites, Staybridge Suites, voco, and EVEN
How much are IHG One Rewards points worth?
Everyone will value points differently, but personally I value IHG One Rewards points at ~0.5 cents each, and I tend to value points pretty conservatively. So the purchase price is around what I value these points.
Do IHG One Rewards points expire?
For non-elite members, IHG One Rewards points expire after 12 months of inactivity. However, any sort of points earning or redemption activity would reset the expiration of your points. Furthermore, IHG One Rewards points don’t expire for elite members in the program.
Keep in mind that IHG elite status is quite easy to earn. Just for having the IHG Rewards Premier Card you receive Platinum status, without any sort of a spending requirement.
Does IHG One Rewards have blackout dates?
IHG One Rewards doesn’t have blackout dates on award nights, but the program does have capacity controls. What this means is that some number of standard rooms will be made available for award redemptions every night, but that doesn’t mean that all standard rooms are available for award redemptions.
What are good uses of IHG One Rewards points?
While all prices are subject to change, let me give a few examples of some great deals I’m seeing right now using IHG One Rewards points. Again, keep in mind that IHG points could be acquired for 0.56 cents each with this promotion.
For example, you could book an overwater villa at the Six Senses Laamu Maldives for 100,000 IHG points per night (with a fourth night free you’d pay just 75,000 points per night), when the paid rate would be over $1,500 per night.
If you’re looking for a luxury city getaway, the InterContinental London Park Lane is charging 75,500 IHG points per night on many dates (with a fourth night free you’d pay just ~56,600 points per night), when the paid rate would be over $700 per night.
If you’re looking for a luxury beach vacation closer to home, the Kimpton Seafire Resort & Spa in Grand Cayman is charging 70,000 IHG points per night on many dates (with a fourth night free you’d pay just 52,500 points per night), when the paid rate would be over $800 per night.
Bottom line
IHG One Rewards is offering a sale on purchased points. Through June 8, 2024, IHG One Rewards is offering a promotion, and the most common offer seems to be for an 80% bonus, which is an opportunity to buy points for 0.56 cents each.
There are definitely circumstances where it could make sense to buy IHG points. As you can see above, there are instances where buying points can save you over 50% on the cost of a luxury hotel stay. I also think there’s value in having a “reserve” of IHG points, given the brand’s global footprint.
You can get even more value out of buying IHG points in conjunction with the IHG Rewards Premier Card, which can get you a fourth night for free on award redemptions.
Do you plan on buying IHG points with a bonus?
Targeted offer.
It looks like IHG has several promotions throughout the year. I think I will skip the 80% promo and wait for the next in the hope for a 100% offer. IHG has a calendar year max on points you can purchase so I don't want to use up my allotment on this promo. Don't need them anyway until 2025.
Anyone else surprised about the absence of a 100% points offer? Historically, they've been offering those more regularly.
I received the offer this morning in my inbox, I don’t have a co-branded credit card.
I think you're wrong, more like 0.638 cents per point
I too am a Diamond member but don't see a bonus and also a Chase premier card holder so the 20% discount also doesn't show up for me. Was curious if I was excluded because i participated in the Daily Getaway deal.
The 20% IHG credit card rebate can not be combined with discounted offer, as per CHASE.
I'm aware it can't be combined by when the promo went live i was not targeted and normally i would at least see 20% discount because i held the CC but neither that was available. It has since been updated where if i wanted i could purchase point at 20% off.
Is this targeted or is anyone else having this issue? I can't make it show up no matter what I do (diamond if relevant)
diamond here too and didn't come up for me
Did not get any bonus offer either. I guess this is more exclusive
Also Diamond, and a cardholder. No promo for me.