IHG Rewards Club Selling Points With 100% Bonus (Extended)

Filed Under: Great Deals, IHG Rewards
In the interest of full disclosure, OMAAT earns a referral bonus for anyone that’s approved through some of the below links. The information and associated card details on this page for the American Express Cash Magnet Card, and Blue Business Plus Credit Card cards have been collected independently by OMAAT and has not been reviewed or provided by the card issuer. These are the best publicly available offers (terms apply) that we have found for each product or service. Opinions expressed here are the author's alone, not those of the bank, credit card issuer, airline, hotel chain, or product manufacturer/service provider, and have not been reviewed, approved or otherwise endorsed by any of these entities. Please check out our advertiser policy for further details about our partners, and thanks for your support!

In early July, IHG rolled out its latest promotion on purchased points. While many people (understandably) may not be looking to speculatively buy points right now, it’s at least worth being aware of this if you could benefit for an upcoming stay.

While this promotion was supposed to expire yesterday, it has now been extended by a further two weeks, should you be wanting to buy IHG points.

Buy IHG Points With 100% Bonus

Through Friday, August 14, 2020, IHG Rewards Club is offering up to a 100% bonus on purchased points. With this promotion, you earn a 100% bonus as long as you purchase at least 15,000 points in one transaction.

One other potentially positive aspect of this promotion is that the usual 150,000 point per year cap has been increased to 250,000 points, so you can buy more points than ever before.

If you maxed out the promotion and purchased 250,000 points, you’d end up paying $2,500 and would get a total of 500,000 IHG Rewards Club points. That’s 0.5 cents per point.

For what it’s worth, the 100% bonus is as good as IHG promotions on purchased points get.

While the IHG® Rewards Club Premier Credit Card (review) offers a 20% discount on purchased points, that benefit only applies when buying points at the normal cost, and wouldn’t be applicable here.

However, one huge benefit of the card is that it offers a fourth night free on award redemptions, so you can book four nights and only pay for three. If you are staying somewhere for four nights, think of it as a further 25% discount.

Which Credit Card Should You Buy IHG Points With?

IHG Rewards Club 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) or Citi® Double Cash Card (review).

See this post for more on which credit cards are best for buying points.

Cards for everyday purchases

Is It Worth Buying IHG Points?

Over the years IHG Rewards Club has devalued its redemption rates quite a few times, though for people buying points, it hasn’t necessarily been bad news. IHG has lowered the cost to purchase points, with many promotions the cap has been increased on how many points you can buy, and the IHG Premier Card has a great fourth night free benefit.

For example, at a rate of 0.5 cents per point, you could acquire 210,000 IHG Rewards Club points for $1,050.

With a few exceptions, IHG’s most expensive hotels typically retail for 70,000 points per night, so if you had the IHG Premier Card, you could get four nights at that rate. That’s like paying just $262.50 per night including taxes and fees at some of IHG’s best properties.

This represents significant savings over what many of these hotels usually charge.

IHG has also recently rolled out dynamic award pricing, and in many cases the pricing is attractive, though it’s increasingly becoming a mixed bag.

I wouldn’t speculatively buy points, 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 mid-range properties as well.

An Example Of When I Bought Points

Last year I purchased IHG points with a 75% bonus (that’s the promotion that was available around the time that I needed them).

I was going to Beirut, and one of the best points hotels in the city is the InterContinental Phoenicia Beirut. It’s generally regarded as one of the top five hotels in the city, and several people recommended I stay here.

It was a very good use of points. For my three night stay the absolute lowest cost was $868 including taxes and fees.

In reality that was the pre-paid rate, while the flexible rate would have been over $1,000 for the three nights (and that’s likely what I would have otherwise booked).

Meanwhile, this hotel cost just 30,000 IHG Rewards Club points per night.

I didn’t have a lot of IHG Rewards Club points, and I also never speculatively bought them in the past.

With the 75% bonus I could buy 91,000 points (more than enough for three nights) for $510, which was about half off the flexible rate.

Sometimes I think it’s useful to share circumstances where I buy points, and explain why. I don’t promote deals on purchased points because I think everyone should always buy them. Rather I think it’s all about buying points with the right use in mind.

IHG Buy Points Summary

Buying IHG points with a 100% bonus can ordinarily represent a good value, and the increased cap is the icing on the cake. In general I do 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 the promotion in conjunction with the IHG Premier Card, which can get you a fourth night for free on award redemptions.

While the current 100% bonus promotion was supposed to expire yesterday, it has now been extended through August 14.

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

The comments on this page have not been provided, reviewed, approved or otherwise endorsed by any advertiser, and it is not an advertiser's responsibility to ensure posts and/or questions are answered.
Comments
  1. I agree with having a “reserve”. With a 4th night free credit card and 210,000 points one could have the points banked for up to the highest tiered hotel or resort for a 4 night stay.

  2. As you use IC Phoenica as a good use of points, when will you write a review about this, or at least show pictures of the room?

  3. @Roberto

    As for the IC Phoenica property where I stayed three times (before protests start in Oct last year), (1) lobby & reception: grandiose, beautiful, European style, (2) room(usually upgraded to a sea-view, higher category one as IHG Spire Amb): decent & clean enough, but outdated in style, (3) bathroom: separate bath tub & shower booth, but quite small & compact, (4) pool: somewhat small, but decent with some trees, (5) indoor pool, jacuzzi, spa: really outdated. (6) location: great, walkable to corniche etc. I guess, decent value enough for point redemption, but def. not worth paying $$$ cash for this level. If one is willing to pay cash a little more, it’d be def. better to go for nearby Four Season.

  4. Does anyone know what the taxes are on award nights? When I looked at some tenative dates they all say “Taxes Not Included”. Taxes used to be included but this changed at the time dynamic pricing took effect. If it’s like $5 a night then ihg points can still be worth it. If it’s a lot then that significantly reduces the value.

  5. IHG is the WORST of the big chains when it comes to ‘blacking out’ rooms for points stays!!! I tried to book ANYTHING in NYC for Christmas and fuh get-abouddit! Nothing was available for a two night stay on points. Same thing in Florida in February. The nearest I could find to the beach was a junky Holiday Inn Express about 11 miles from the water. Then last summer we visited London. The only options were a HIE in a sketchy neighborhood in Whitechapel a LONG walk from London the City … or a (no lie) 150 sq foot room at The Kimpton. All other hotels had availability for paid stays but none for points bookings. Same with DC … no Willard, No Kimptons, No Intercontinental for points stays. Only paid rooms available unless you wanted to stay outside the city and train in. No thanks! IHG points are worthless! I miss SPG and their ‘if there’s a room available, you can book it on points’ assurance. Nothing like that out there now but I literally couldn’t give my IHG points away for years.

  6. 1) This offer is renewed every few months. It’s not the “last chance” this time any more than it was the “last chance” the last 10x they’ve offered this.

    2) No one should be buying points right now.

Leave a Reply

If you'd like to participate in the discussion, please adhere to our commenting guidelines. Your email address will not be published. Required fields are marked *