IHG Rewards Club Is Offering Their Best Ever Price On Purchased Points

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IHG Rewards Club has just introduced a flash sale on the purchase of points for a few days only. The bonus is valid for points purchases through March 22, 2018. 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 the best bonus we’ve ever seen on purchased IHG points. On the surface you’d think it’s not that exceptional, since we’ve seen 100% bonuses several times in the past. However, for whatever reason they’re charging less for points this time around.

If you max out this promotion and purchase 60,000 points you’d end up paying $600 and would get a total of 120,000 IHG Rewards Club points. That’s just 0.5 cents per point, while in the past with a 100% bonus you’d end up paying $690. I’m not sure why it’s suddenly cheaper, but it is.

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 ~0.45 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.

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 March 19, 2018, and 11:59 PM ET March 22, 2018, inclusive. This is an exclusive, non-transferable 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.

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?

Over the past several years, IHG Rewards Club has devalued their award chart several times, most recently this past January. During this last devaluation we even saw them add higher award pricing, as hotels now go for up to 70,000 points per night, compared to the previous highest cost of 60,000 points per night. At the same time, this is also IHG’s best ever bonus on purchased points, so that sort of offsets that.

I wouldn’t speculatively buy points at this rate just for giggles, but there’s value to be had under the right circumstances. Sometimes this can be a deal on IHG’s highest end hotels, and other times there’s value to be had with their mid-range properties as well.


Redeem 70,000 IHG Rewards Club points at the InterContinental London Park Lane

IHG also has their excellent PointBreaks promotion, where you can redeem 5,000-15,000 points per night at select hotels. That’s like paying ~$25-75 per night at a hotel, which can be a great deal.

Bottom line

While a 100% bonus is as good as it gets when buying IHG points, this offer is better than ever before, as they’re charging even less per purchased point. 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 the IHG® Rewards Club Select Credit Card, since you get a further 10% refund on redemptions, meaning that you’re acquiring points for as little as 0.45 cents each.

Do you plan on buying IHG Rewards Club points with a 100% bonus?

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Comments

  1. No way. Too many devals over the past few years and I find that points purchased and the rate from an OTP are the same or I can actually pay for the room at a cheaper price.
    The 5,000 night gimmick used to be great but past year has sucked big time.

  2. With the most recent deval (60k properties now 70k), IHG will need to do better than a 100% bonus on points.

  3. I have recently purchased SPG points in December and February where I paid using Chase Ink Business card and both times I got 3x points on the purchase. Not sure if it was a mistake or not but since it happened twice I wonder if it will work again

  4. I’m going to purchase these points as I’ll be staying for 5 nights in Tel Aviv in May. Looking at staying at the Hotel Indigo where 5 nights would run me $1,294 with tax or 25000 points per night. I will end up paying $690 to purchase 120000 and I’ll have the 5000 points to cover the rest

  5. Have you guys tried to buy on the app? Its allowing me to buy 59,000 points + 100% bonus for $590

  6. This is a good deal if you’re a very frequent traveller who is currently out of IHG points. There are a few times a year you really need/want to stay at an IHG hotel, and sometimes points are the way to go. I find this to be particularly true of their mid-priced properties (for the high ends, my wife and I just use our annual Chase free night certs). In addition to the occasional Point Breaks hotel, there are some properties that are just very attractively priced on points. For me, the classic example is if I need an overnight at the Santiago, Chile airport. The Holiday Inn is AT the terminal, decent, and ridiculously convenient. It’s also overpriced at around $200. But it’s only 20,000 points. Paying 20,000 points, and then getting 10% back for having their credit card, is an awesome solution.

    The problem is that these circumstances are fairly unique. There IS usually a decent alternative to staying at an IHG property on points . So I’m reluctant to buy 120,000 points for $600 to “someday” use them. Given the risk of devaluation, I’d want a more immediate plan to use them. But if I had fewer than 60K points, I’d probably be willing to buy just so I had a “working balance” in the program.

  7. So help me out if I’m missing something here, fairly new to the points game…
    Going to Berlin for 4 nights in September…
    Crowne Plaza books at 30k points per night, or $230 per night
    Promo is 120k for at $600
    4 nights x 30k per night=120k pts at $600
    Or
    4 nights x $230 per night=$920

    $600<$920
    Correct?

  8. I redeemed 60,000 points at the Intercontinental Times Square.
    I have 3 nights in New York again in October and buying points here saves me money, even at the new 70,000 point level.
    I quite liked the hotel so i think I’ll stay there again.

  9. @Steve

    That might be true but buying points through this sale and redeeming 70K points is cheaper than the current cash price for my dates.

  10. @Andy — Your math is right, but the calculation you really need to do is whether paying $150/night in points (10% less if you get their worthwhile credit card) is better than staying at another hotel for the same price or less. Having done this math dozens of times, I would think there is at least an 80% chance you’d do better simply BUYING your hotel room at a comparable (or better) hotel in the same or better neighborhood. This seems particularly likely in Berlin, which is not a particularly expensive hotel city.

    If you do a hotel search on a site like kayak for your travel days, you can quickly get an idea if your point purchase would be worthwhile. Also keep in mind that there are many tricks (cashback, promo codes, discounted hotels.com gift cards. etc) to get most hotel prices down another 20% or more from the Kayak-listed prices.

  11. @ Andy – Also don’t forget it’s $230 a night plus tax, when you use points you don’t pay tax. If that’s the hotel you want to stay in or there isn’t anything cheaper in a similar style hotel than you should go for it. You’ll probably save $400-450 from the cash price for the hotel

  12. Can anyone please confirm the point purchase is eligible for 3x with ink preferred or 5x with IHG mastercard? Thanks!

  13. I have previously twice purchased SPG points with my Chase Ink and both times received 3X point. I just purchased the IHG point with my Chase Ink card so I could let you know if they gave me 3X. Worse case scenario I’d miss out on 300 points by not using Chase Freedom Unlimited

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