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Last week I wrote about how IHG is offering a 100% bonus on purchased points. This was a limited time promotion, and it expires today. So if you’ve been considering buying IHG points with a 100% bonus, this is your last chance — be sure to do so by 11:59PM ET tonight.
This promotion is valid as long as you purchase at least 5,000 points in one transaction. 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.
This is as good as their bonuses on purchased IHG points get. It used to be that IHG offered a 100% bonus on purchased points all the time, though it’s rarer than it used to be — the last public 100% bonus we saw was in September, and prior to that the last major bonus was in May.
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.
On top of all this, IHG just published their latest PointBreaks list earlier this week, which allows you to book select hotels for just 5,000 points per night. Picking up points and redeeming them at that rate represents an exceptional value.
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 Express, Citi® Double Cash Card, etc.
Here are the full terms of the promotion:
Offer available for purchases made between 12:00 AM ET October 24, 2017 and 11:59 PM ET November 3, 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 24-48 hours for points to post and appear in the recipient’s account. All other IHG® Rewards Club Terms and Conditions apply.
So if you’ve been considering buying IHG points, now is the time to do so.