IHG Rewards Club Premier Credit Card Review (2020)

Filed Under: Chase, Credit Card Reviews
In the interest of full disclosure, OMAAT earns a referral bonus for anyone that’s approved through some of the below links. These are the best publicly available offers (terms apply) that we have found for each card. Opinions expressed here are the author's alone, not those of the bank, credit card issuer, airlines or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities. Please check out my advertiser policy for further details about our partners, and thanks for your support!
10x Points
at IHG
4th Reward Night
Free
No
Foreign Transaction Fees
Annual Fee: $89

Hotel credit cards are incredibly underrated. Even if you don’t spend much money on them, they can offer huge perks and sometimes even offer free nights. When you combine these two factors, a lot of these cards offer outsized value.

In this post I wanted to take a closer look at a hotel credit card that I think just about everyone should have, for the anniversary free night certificate if nothing else. This card also has a huge new sign-up bonus, which is all the more reason to pick up this card now.

IHG Rewards Club Premier Credit Card Basics For February 2020

The IHG® Rewards Club Premier Credit Card is the premium Chase and IHG co-branded credit card. Even if you don’t plan on putting much spending on the card, this card can be worth having for the anniversary free night certificate, fourth night free on award redemptions, and more.

For those of you not familiar with IHG (InterContinental Hotels Group), they own InterContinental, Holiday Inn, Crowne Plaza, Hotel Indigo, and more.

Let’s take a closer look at what you need to know about this card.

140K Point Welcome Bonus

At the moment the IHG Premier Card is offering an excellent welcome bonus of 140,000 bonus IHG Rewards Club points after spending $3,000 within three months. This is the biggest bonus we have ever seen on the card, as previously the biggest bonus offered 125,000 points.

Card Eligibility

The welcome bonus on this card isn’t available to those who currently have this specific card, or have received a new cardmember bonus on this card in the past 24 months.

Product Changing

You’re eligible for this card even if you have IHG’s previous co-branded credit card. These cards are even great complements to one another. While you can get both cards, note that Chase also typically lets you product change between personal cards, assuming you’ve had a card for at least 12 months. You’ll need to phone up the number on the back of your card to find out more.

Chase’s 5/24 Rule

Chase has what’s known as the 5/24 rule. This means that if you’ve opened five or more new card accounts in the past 24 months you typically won’t be approved for this card. So if you do apply for this card, make sure you’re under that limit.

See this post to learn how to check your 5/24 status.

Annual Fee

The IHG Premier Card has an $89 annual fee, and it isn’t waived for the first year. You can add additional cardmembers to your account at no extra cost.

As I’ll explain below, this annual fee is so well worth it even if you don’t spend money on the card, since you get an anniversary free night certificate.

Earning Points With The IHG Premier Card

The IHG Premier Card offers some bonus categories, though in general, this isn’t a card that I would put much spending on, given the relatively low value of IHG Rewards Club points.

25x Points At IHG Properties

You can earn a very impressive 25x points at IHG properties. That’s a very good return and is a good option for your IHG spending. Here’s how it breaks down:

  • You earn 10X points from IHG for being an IHG Rewards Club Member
  • You earn 5X points from IHG with Platinum status, which is a benefit of this card
  • You earn 10X points for paying with your IHG Premier Card

Earn 10x points for stays at IHG properties

2x Points At Gas Stations, Grocery Stores, And Restaurants

The IHG Premier Card offers 2x points for purchases made at gas stations, grocery stores, and restaurants. Given my fairly low valuation of IHG points, that translates to a return of about one cent per dollar spent.

Personally, I wouldn’t recommend spending money in these categories with this card, since there are much better options out there.

Earn 1x Points On Other Purchases

For categories in which you can’t earn 2-10x points, the card offers one IHG Rewards Club point per dollar spent. I would highly recommend against spending money on the card at that rate, since you can do better with other cards.

10,000 Bonus Points For Spending

The card offers a bonus of 10,000 IHG Rewards Club points after you spend $20,000 on purchases and make one additional purchase each account anniversary year. That means if you spend $20,000 per year on the card in non-bonused categories you’d be earning an average of 1.5x points per dollar spent.

No Foreign Transaction Fees

The IHG Premier Credit Card has no foreign transaction fees, so it’s a good card for purchases abroad. That’s especially true when staying at IHG properties abroad, as well as for dining and commuting outside the US.

IHG Premier Credit Card Benefits

What truly makes the IHG Premier Card exceptional is the benefits and perks that it offers, which in my opinion more than offset the annual fee on the card.

Anniversary Free Night

Every year on your account anniversary you get a free night certificate, valid at any property costing up to 40,000 points per night. This will be issued shortly after your anniversary and is valid for 12 months.

This covers over 95% of IHG properties worldwide, and I’ve consistently gotten outsized value with this. For example, I’ve now twice in a row redeemed it at hotels that would have cost $250+ for one night if paying cash.

I recently used my free night at the InterContinental Phoenicia Beirut

Fourth Night Free On Award Redemptions

Just for having the IHG Premier Card you get a fourth night free on award redemptions. When you stay four consecutive nights on an award redemption then you only have to redeem points for the first three nights.

This is an awesome perk, since it can be used an unlimited number of times (you can even use it to book multiple rooms at the same hotel). If you usually redeem points for stays in increments of four nights, this is like getting 25% off all your redemptions.

Get a fourth night free on redemptions at the InterContinental Maldives

IHG Rewards Club Platinum Status

You receive IHG Rewards Club Platinum status for as long as you have the card. While IHG isn’t the richest program in terms of elite benefits, this more than does the trick for those who only occasionally stay with IHG.

Among other things, IHG Rewards Club Platinum members receive:

  • Complimentary room upgrades, subject to availability
  • 50% bonus points
  • Late check-out, subject to availability
  • Priority check-in
  • Complimentary internet
  • Welcome amenity

Get room upgrades as an IHG Rewards Club Platinum member

Global Entry or TSA Pre-Check Credit

The IHG Premier Card offers a Global Entry or TSA Pre-Check credit once every four years. Just charge the $85-100 membership fee to your card, and it will automatically be reimbursed. It doesn’t matter who the fee is being paid for, as long as you charge it to your eligible card.

Why You Should Register For Global Entry Over Pre-Check

If you are going to take advantage of this perk, I’d highly recommend registering for Global Entry over TSA Pre-Check. For those of you not familiar, TSA Pre-Check gets you expedited US security screening, while Global Entry gets you expedited US immigration clearance.

So why should you register for Global Entry and not Pre-Check? Because Global Entry also comes with TSA Pre-Check, while the inverse isn’t true (signing up for TSA Pre-Check doesn’t get you Global Entry).

I registered for Global Entry for the first time in mid-2011, and wrote about my experience at the time. Global Entry is valid for five years, and I renewed my membership in 2016.

TSA PreCheckSave time with TSA Pre-Check

Chase Offers

One of the great features of Chase cards is access to Chase Offers, which provides savings on purchases with all kinds of retailers. The program wasn’t launched that long ago, but has already saved me a significant amount of money.

Secondary Car Rental Coverage

The IHG Premier Card offers auto rental collision damage waiver coverage. Decline the rental company’s collision insurance and charge the entire rental cost to your card.

Coverage is provided for theft and collision damage for most cars in the US and abroad. Do note that in the US the coverage is secondary to your personal insurance, though.

Protection With Trip Delays, Lost Luggage, And More

The IHG Premier Card offers a variety of other protection when traveling. Among these features is:

  • Trip Cancellation & Trip Interruption Insurance — be reimbursed up to $5,000 per trip when your trip is canceled or cut short due to sickness, severe weather, etc.
  • Lost Luggage Reimbursement — be reimbursed up to $3,000 per passenger if you or your immediate family member check or carry on luggage that is damaged or lost by an airline
  • Baggage Delay Insurance — be reimbursed up to $100 per day for three days for essential purchases when your bag is delayed by over six hours

Make sure you check your cardmember agreement for all of the details, since there are terms & conditions.

Cell Phone Protection

The IHG Premier Card offers a cell phone protection plan.

With this, you get up to $800 per claim and $1,000 per year in cell phone protection against covered theft or damage for phones listed on your monthly cell phone bill when you pay it with your eligible IHG Premier Card.

You can make a maximum of two claims in a 12 month period, with a $50 deductible per claim.

This could prove to be massively valuable.

Is The IHG Premier Credit Card Worth It?

I think the IHG Premier Card is absolutely worth having. While this isn’t a card I would put much spending on, the card is worth the $89 annual fee for the incredible perks that it offers. The card offers an anniversary free night certificate, a fourth night free on award redemptions, IHG Rewards Club Platinum status, a Global Entry fee credit, and more.

Everyone in my family has an IHG Card, if for no other reason than that we consistently redeem the free night certificates at hotels that would cost $250+ when paying cash.

IHG isn’t my favorite hotel group, but they have 5,000+ locations, and I inevitably end up staying at their hotels several times per year, because they often have the best options.

Let’s look at a few other aspects of the card, though:

Quick Comparison: IHG Premier Vs. IHG Traveler Card

Above I’ve written about the $89 annual fee IHG Premier Card, though there’s also the $29 annual fee IHG Traveler Card. The Premier Card is absolutely worth the additional $60 annual fee. Why?

  • The Premier Card offers an anniversary free night, while the Traveler Card doesn’t
  • The Premier Card offers IHG Platinum status, while the Traveler Card offers IHG Gold status
  • The Premier Card offers a Global Entry or TSA Pre-Check credit, while the Traveler Card doesn’t
  • The Premier Card offers a significantly bigger sign-up bonus

Like I said, the single best benefit of the Premier Card is the anniversary free night certificate, and that’s worth way more than $60 per year.

Other Options For Earning IHG Points

The IHG Premier Card doesn’t actually offer great points earning rates when you factor in the fairly low per point value of IHG.

Do keep in mind that IHG is transfer partners with Chase Ultimate Rewards, so you could transfer points at a 1:1 ratio. For example:

That being said, in general, I absolutely wouldn’t recommend transferring Chase points to IHG. As I said, I value IHG points at ~0.5 cents each, while you can instead transfer points at the same ratio to programs like World of Hyatt, where I value the points at ~1.5 cents each (three times as much).

Sometimes it can make sense to buy IHG points when they’re having a sale. They sometimes offer a 100% bonus, which brings down the cost per purchased points to 0.5 cents each.

When you stack that with the fourth night free offered by this card and the Platinum perks you’ll receive, that could be well worth it.

Have The IHG Select Card?

Back in the day, there was the IHG Select Card, which is no longer open to new applicants. If you have that card, then you should absolutely hold onto it and then also apply for this card, as you’re eligible for both. Why? Because you can stack the benefits on both cards:

  • Both cards offer an anniversary free night certificate, so you could earn two of those each year, and use them for back-to-back stays
  • The old card offers a 10% refund on redeemed points (up to 100,000 refunded points per year), while the new card offers a fourth night free on award redemptions, and you could stack those benefits; in other words, if you make a four-night stay at a hotel costing 70,000 points per night you’d end up paying 210,000 points, and then would get 21,000 points back, for a total cost of 189,000 points, which is over 30% off

IHG Premier Credit Card Summary

The IHG Premier Card is a card that I highly recommend getting. Not because it makes sense to put a lot of spending on the card long term, but because the anniversary free night certificate can be worth way more than the $89 annual fee.

Add in the IHG Platinum status, fourth night free on award redemptions, Global Entry/TSA Pre-Check credit, and more, and this card is a no brainer.

I know some people are opposed to having a lot of credit cards, but often it can make sense to have some cards just for the perks they offer, even if they’re not worth spending much money on. This is one of those cards.

There has never been a better time to get this card either, given the current 140K point bonus.

If you want to learn more about the IHG Premier Credit Card or apply, follow this link.

Apply Now

Regarding Comments: 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. @ Ben — The signup bonus is great at $560. I wouldn’t charge my stays on this card at 4%. You can get 5.1% from Citi Prestige or AmEX Green

  2. @LP Intercontinental Shanghai Wonderland.

    I used to be RA with Intercontinental. I moved away from IHG after spending 79 nights in 6 intercontinental and not being renewed for RA (had been RA for 5 years). They would not budge on it. I also think their brand has gone down so much – even in places such as Tahiti and Hayman Island. My welcome “gift” last weekend was a banana, an apple, some grapes and a kiwi fruit. I have platinum and yes you get an upgrade (which is usually fairly basic) but not getting club lounge access unless you are RA, just means it is not worth it. I just think Hyatt (my favourite) or Hilton is better. I travel a lot for work and grabbing a quick breakfast at a club lounge (which work will never pay for) makes it worthwhile.

  3. Lucky,

    Please advise:

    If you don’t recommend

    1) regular or bonus charging to this card,
    2) transfer Chase Ultimate reward points to IHG,
    3) and buying points (3rd party and not directly with IHG) is ~0.5 cents only with 100% bonus, which is basically the same as charging to the card

    other than the initial sign up bonus and the yearly free night certificate, how else can I accumulate enough points for free night redemption? Charging to the card for IHG hotel stays and business travel earnings are not going to get me enough points to stay for 3 nights for years.

  4. Lucky, have you heard about IHG scrapping points break for good? Can you maybe reach out to your sources at IHG and see if it’s true? If it is, it’d be a huge devaluation of the program.

  5. @ castoff — I actually do recommend buying IHG points for 0.5 cents each, assuming you can find a good use for them. As far as I’m concerned that’s the best way to accumulate IHG points. The fourth night free benefit offered by this card can improve the value proposition of that even further.

  6. @Jason +1 I sincerely hope not! I love points break!
    @Lucky can you get some info on this please.
    Also does anyone know if there will be a accelerate promotion Q1?

  7. I have both the Premier and the old Platinum IHG cards. The annual fees are $89 and $49 respectively. I keep both because the each offer 1 free night annually and this alone makes it a no-brainer. A recent trip had me staying in New York City for one night and London for 5 nights with points, and my total hotel cost was ZERO, if I had paid for these rooms, it likely would have cost close to $2,000.00 Using the premier card at a beach resort for 1 night recently earned me almost enough points for another free night. By paying for a few additional nights, I earned “Spire Elite” status for a year, which is the highest level and has great benefits. I love this card.

Leave a Reply

Your email address will not be published. Required fields are marked *