IHG Premier Card: Best-Ever 120K Welcome Bonus

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Chase has just introduced a new best-ever welcome bonus on the IHG® Rewards Club Premier Credit Card. This is IHG’s newest credit card, which was introduced last April. Let’s look at the details of this card:

IHG Premier Card welcome bonus

The IHG Premier Card has a welcome bonus of up to 120,000 IHG Rewards Club points. You earn:

  • 80,000 IHG Rewards Club points after spending $2,000 within the first three months
  • An additional 40,000 IHG Rewards Club points after spending $5,000 within the first six months (that’s an incremental $3,000 of spend)

As a point of comparison, the previous welcome bonus was for 80,000 points, and the best bonus we’ve seen on the card prior to that has been for 100,000 points.

IHG Premier Card annual fee

The IHG Premier Card has an $89 annual fee, which isn’t waived for the first year.

IHG Premier Card return on spend

The IHG Premier Card has the following rewards structure:

  • 10x points per dollar spent at participating IHG hotels
  • 2x points per dollar spent on purchased at gas stations, grocery stores, and restaurants
  • 1x points per dollar spent on all other purchases

I value IHG points at ~0.5 cents each, so to me the return on IHG spending is pretty good, at around 5%. However, the return on spending in the other categories is significantly less compelling, and there are better cards for everyday spending.

You can earn 10x points for stays at IHG hotels

IHG Premier Card perks

The IHG Premier Card comes with a variety of potentially useful benefits, including:

  • An anniversary free night certificate on your account anniversary every year, valid at any property that retails for up to 40,000 IHG Rewards Club points per night
  • fourth night free on award bookings; when you redeem points for a consecutive four-night stay, you only have to redeem points for the cost of the first three nights
  • IHG Rewards Club Platinum status for as long as you have the card
  • A TSA Pre-Check or Global Entry fee credit every four years
  • 20% off when you purchase IHG Rewards Club points (this doesn’t apply during promotions, so this is of limited use)

As far as I’m concerned the anniversary free night award is worth more than $89, so that alone justifies the annual fee on the card. Add in the Platinum status and fourth night free on award stays that’s offered by the card, and I’d say this is very worthwhile.

Use your free night award at the InterContinental Bangkok

IHG Premier Card eligibility

First of all, this card is subjected to the 5/24 rule, so don’t expect to be approved if you’ve opened five or more new card accounts in the past 24 months (some business cards are excluded from this total).

Furthermore, this card is not available to those who are current cardmembers of this card, or previous cardmembers who have received a new cardmember bonus on the card within the past 24 months.

However, you are eligible for this card if you have the old version of the IHG Card, which I know many of us have. For that matter, being able to have both is a great option, since you can stack the fourth night free on award redemptions offer by this card, with the 10% back on award redemptions offered by the other card.

Get a fourth night free at the InterContinental Shanghai Wonderland

Bottom line

The new welcome bonus of up to 120K points on the IHG Premier Card is the best offer we’ve seen on the card. This is an all-around generous card, and one I’d seriously consider picking up if you’re eligible and don’t yet have it.

Between the anniversary free night award, the IHG Platinum status, and the fourth night free on award redemptions, there’s a lot of value to be had.

Does anyone plan on picking up the IHG Premier Card with a 120K bonus?

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  1. Hi Lucky, any idea what is the last date (offer expires) to apply and get this increased bonus offer on IHG premier card ?

  2. Hey Lucky, if I’m eligible for the card and bonus even if I have the old card, and there are some stacking options to having both cards – can I stack the annual free nights as well?

  3. @Lucky, these hotel cards all seem to have decent rate of return on purchases at their respective hotels, but do you actually put hotel spending on these cards?

  4. If I have the $49 AF card, should I cancel it before applying for this? I was planning on cancelling, but my AF is due in May. can you hold both at once?

  5. @Lucky, what are the benefits of IHG Platinum status? I have the Hilton Amex Aspire and really value the Diamond status that is included, which has real perks.

  6. There is a better offer that adds a $50 statement credit after first purchase if you make a dummy booking on IHG’s website and click on the credit card offer that shows up near the end of the booking process. Just applied for it.

  7. @Lucky
    Just to reclarify
    So if you have the old discontinued 49 dollar card for many years
    and you apply for the new Premeir card in addition does the 5/24 rule still apply?

  8. I wish it were true that you could book the Intercontinental Shanghai Wonderland. It looks amazing! Unfortunately, it looks like there is ZERO award availability all year. 🙁 Please only showcase properties that are at least sometimes available for booking with rewards point when you’re writing about how to use award points.

  9. I have the old $49 card and the free night every ear is well worth it + the other benefits.
    I was going to apply for the new one at some point, but when I saw the 120K offer and than MangoMans comment about the $50 credit (thanks BTW) I applied and got instant approval.
    Planning an overseas trip for 3 weeks next month, and staying at an Indigo-so this card will pay for itself in no time! looking FW to the bonus points and $50 credit.

  10. We’re looking to get one of the hotel credit cards with the 100K+ sign up bonuses–one that gives automatic useful status and that’s worth the fee each year. We plan to use it just for the hotel chain; as we have the Chase Sapphire Reserve and B of A Travel Rewards card (with the Premier Rewards bonus) for better travel returns. We don’t want another card with a big annual fee. (Our other cards are all fee-free ones.) I’ve narrowed the choices down to the Marriott Bonvoy Boundless and this (because I don’t the “free” award night to be paid by the annual fee, not by having to charge more as the Hilton cards require). Our current preferred hotel families are Hilton (favoring the Embassy Suites, Homewood Suites and Hampton Suites for family travel) and Marriott (typically the Residence Inns or Courtyards), but mostly that’s driven by the fact that we want to earn the reward points and we started building up those accounts long ago. But we don’t travel much on business so we rarely make elite status on our own. For someone in our situation, would it be worthwhile to get the IHG card and switch to IHG hotels instead? The status benefits for IHG looks better than the Silver status offered by Marriott.

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