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 their latest bonus on purchased points, valid through May 31, 2018. Through this offer, IHG Rewards Club is offering up to an 80% bonus on purchased points — you get a 40% bonus when you buy at least 5,000 points, and an 80% bonus when you buy at least 20,000 points in one transaction.
On the surface this bonus isn’t as good as we’ve seen in the past. For example, in March IHG had a flash sale where they were selling points with a 100% bonus. However, thanks to some new circumstances, it may be the best bonus we’ve ever seen on purchased IHG points.
There are a couple of interesting things here:
- IHG has raised the limit on how many points you can purchase per calendar year from 60,000 to 100,000 (these totals are before factoring in any bonuses)
- IHG has recently lowered the cost per purchased point — if you buy at least 26,000 points in one transaction, you pay just one cent per point pre-bonus
If you max out this promotion and purchase 100,000 points you’d end up paying $1,000 and would get a total of 180,000 IHG Rewards Club points. That’s just 0.56 cents per point.
The value potentially gets even better than that. Earlier this month, the new IHG® Rewards Club Premier Credit Card was introduced. One of the benefits of the card is that it offers 20% off when you purchase IHG points and pay with your card. I don’t yet have this card, but presumably this means you’d get 20% off here (since there aren’t any exclusions in the terms regarding promotions), and would end up paying just $800 for 180,000 points, which is a cost of ~0.44 cents per point. Assuming that works, it’s by far the lowest cost we’ve seen per purchased point.
Can anyone who has this card confirm that they’re seeing the discount reflected when purchasing points?
It potentially gets even better than that. The IHG® Rewards Club Premier Credit Card also offers a fourth night free on award redemptions, so for award stays booked in increments of four nights, that’s like 25% off. Put another way, it’s like acquiring points for ~0.33 cents each if you’re going to redeem in increments of four nights. This is starting to look really compelling.
Here are the full terms of the promotion:
Offer available for purchases made between 12:00 AM ET April 18, 2018, and 11:59 PM ET May 31, 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 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.
On the surface this doesn’t seem like it would be the best bonus ever, though assuming the 20% discount on purchased points from the IHG® Rewards Club Premier Credit Card works in conjunction with a promotion (which it should), you’re looking at a very low cost per purchased point. Add in the ability to get a fourth night free on award redemptions, and this could make a lot of sense.
Do you plan on buying IHG Rewards Club points with a 100% bonus?