IHG Rewards Club Is Offering A Mystery Bonus On Purchased Points

Update: This offer for the IHG® Rewards Club Premier Credit Card has expired. Learn more about the current offers here.


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IHG Rewards Club has just introduced a new mystery bonus on purchased points. The bonus is valid for points purchases through August 22, 2018. With this offer, different members are targeted for different bonuses, so you’ll want to log-in here to see what kind of a bonus you’re eligible for. Personally I was targeted for a 100% bonus as long as I purchase at least 5,000 points in one transaction.

In my case if I maxed out this promotion and purchased 100,000 points, I’d end up paying $1,000 and would get a total of 200,000 IHG Rewards Club points. That’s just 0.5 cents per point.

There are two things IHG changed earlier this year to make buying points more interesting:

  • IHG Rewards Club increased the maximum number of points you can buy per year from 60,000 to 100,000 (pre-bonus)
  • IHG Rewards Club lowered the cost per purchased point from 1.15 cents to 1.0 cents (pre-bonus)

While the new IHG® Rewards Club Premier Credit Card 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 IHG® Rewards Club Premier Credit Card is that it offers a fourth night free on award redemptions, so you can book four nights and only pay for three. So if you are staying somewhere for four nights, think of it as a further 25% discount.

IHG Rewards Club points purchases are processed by points.com, so don’t count as hotel spend for the purposes of your credit card. When paying for the points you buy, you’ll first want to use a credit card on which you’re trying to reach minimum spend, and then second you’d want to use a card that maximizes your return on everyday, non-bonused spend.

Cards for everyday purchases

Here are the full terms of the promotion:

Offer available for purchases made between 12:00 AM ET July 13, 2018, and 11:59 PM ET August 22, 2018. 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. 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 100,000 points per calendar year and receive as a gift a maximum of 100,000 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?

IHG Rewards Club has devalued their award pricing several times over the past few years, most recently earlier this year. During this last devaluation we even saw them add higher award pricing, as hotels now cost up to 70,000 points per night, compared to the previous highest cost of 60,000 points per night.

At the same time, for those purchasing points, it’s not necessarily bad news. They’ve lowered the cost per purchased point, they’ve increased the number of points you can buy, and the IHG® Rewards Club Premier Credit 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 (the maximum you can buy is 200,000 with the bonus, but let’s apply the same value to the other 10,000 points). IHG’s most expensive hotels go for 70,000 points per night, so if you had the IHG® Rewards Club Premier Credit Card, you could get four nights at that rate. That’s like paying just over $250 per night including taxes and fees at some of IHG’s best properties.

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

I wouldn’t speculatively buy points at this rate, 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.

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

This time around we’re seeing a mystery bonus on purchased points, so different members will be eligible for different bonuses. Assuming you’re eligible for a 100% bonus, I’d say this could be a very good deal, especially in conjunction with the IHG® Rewards Club Premier Credit Card, which can get you a fourth night for free on award redemptions. While this isn’t for everyone, with a specific use in mind it could make sense to buy points.

What kind of a bonus on purchased IHG Rewards Club points were you targeted for?

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Comments

  1. I too was targeted for 100%, and this is one of the few deals that I actually would recommend buying speculatively, especially for someone who has the IHG Premier card. Between that card and the 10% points rebate that comes with the Rewards Club card, coupled with one Points Break deal, I’ve been able to get 12 Crowne Plaza and Staybridge nights during July and August, which would have cost around $1,800 total, for just 135,000 points (i.e., $675 with this deal). That works out to just $56.25 per night for some very decent hotels. That’s just within the US; I imagine ever better deals could be managed at some of the overseas properties.

  2. 100% as well. Bought some points earlier in the year for same price and they came in very handy for an upcoming trip to Cali. Redemption was MUCH better than .5 cent, so I may buy more. Is there a limit of how many you can buy per year, or per promotion?

  3. 50% for me, kind of sucks but better than nothing as I have a stay in mind coming up that is 50,000 points or $500 USD per night.

  4. 100%

    When I got this email, I wondered if there is anyone who got this email that DIDNT receive 100%…seems to be that way sofar.

  5. @ Lucky – I have previously purchased from IHG and SPG with Chase Ink Business Preferred and received 3X points. This has also been confirmed by The Points Guy as they have done test purchases to see if you get the 3X

  6. 100%, but am already swimming in IHG points from all the Accelerates and 10% rebates from their plain jane IHG credit card

  7. 100%, my new card was declined so have to call the bank later. I will give topcashback a try. wow didn’t realize i had a 10% points rebate by having the old Chase IHG credit card?

    I have minimum spend to meet on the new Chase Hyatt card. I figured buy the IHG points now for some hotel bookings i have coming up after the 90 days spend period ends. The savings are quite good when i remember that points are refundable. Still comparing to non refundabe rate and lack of taxes, i’m saving $40 a night at a few of my upcoming one night stays. I do a lot of speculative bookings so i try to take refundable rates into my equation.

  8. Hello Lucky, do you know if you can buy more than once? Or sea, if after a transaction and the promotion is not available to use it again. I read the terms and conditions and it says nothing
    Thank you
    Viviana.

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