IHG Is Selling Points For 0.5 Cents Each

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 flash sale on the purchase of points for a few days only. The bonus is valid for points purchases through June 15, 2018. Through this offer, IHG Rewards Club is offering a 100% bonus on purchased points when you buy at least 5,000 points in one transaction.

If you max out this promotion and purchase 100,000 points you’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 that are especially noteworthy here:

  • IHG Rewards Club has recently increased the maximum number of points you can buy per year from 60,000 to 100,000 (pre-bonus)
  • IHG Rewards Club recently 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.

Here are the full terms of the promotion:

Offer available for purchases made between 12:00 AM ET June 12, 2018, and 11:59 PM ET June 15, 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

Buying IHG Rewards Club points for 0.5 cents each can be a great 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.

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

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Comments

  1. Could I buy IHG points and then transfer them to miles and more (LH miles) ? Are there any limits ?

  2. 100% bonus is the best IHG offers. I bought 60,000 points with 100% bonus for $600 earlier this year, it used to be $690 for the same amount before.

    @Lucky – I have also received an email from IHG saying I can purchase an additional 90,000 points for a total of 150,000 points in a year. I’m assuming this is a targeted offer. So I can pick 180,000 more points for $900, sounds like a good deal to me since I have the Ink Unlimited spent I need to reach

  3. @ Alex Z — Interesting, haven’t heard of that offer. I guess you can log into your account on the buy points page and see what limit it shows you. I’m not sure whether that includes the bonus or not.

  4. I have made similar IHG points purchases on speculation when the 100% bonus is offered. Comparing the purchase price to the generally available rates shows this to be worthwhile, although I usually do have an intent to use the points within a few months.

    Beware of IHG points expiration rules though – your points are lost if there is no account activity within 12 months!!

  5. @Lucky – I can purchase 90k with 90k bonus for $900. If I purchase the max amount it will be 300k for $1,500 for the year. I think it’s a great value since I have already used some of those points and have more usage for them in the next few months

  6. The threshold to get 1/2 cent for each IHG points is to buy 25K points or more. At least this was my offer.

    Also, some of us have 1000 additional bonus on Accelerate if buying IHG points. So, check your offers and go that route to double dip. I purchased 30K points for $300 and got a total of 61K points.

  7. Does anyone know if I have the IHG Select Card and if I apply for the IHG Premier Card do I still have one IHG account? Can I for example book a 2 night award stay and get 10% rebate at one hotel using the Select Card and than book a 4 night award stay and get one night free using the Premier Card?

  8. And if you have the legacy Chase IHG select card you get a 10% rebate on points redeemed. And if you are an Ambassador member you get another 10% rebate.

    So it’s possible I imagine that if a hotel costs 25,000 points a night, and you also have 4th night free on IHG premier, then instead of those four nights costing 100,000 points, they will cost 75,000 points minus 7,500 rebate minus 7,500 rebate = 60,000 points.

  9. Besides the 10% rebate, do any of the Ambassador perks, like upgraded rooms, apply to Intercontinental Hotel award stays?

  10. IHG program has been so devalued that unless you prefer an IHG hotel for some reason it is no longer worth accumulating points. Rather than some paid stays I made last year for the accelerate program, i should just have burned the points.

  11. How long does it take for the points to post?

    This offer is targeted correct?

    Roughly how frequently in the past has Ihg come out with non targeted sales at the same half a point price?

    (Wondering how likely it is that I will have an opportunity to buy at this price around six weeks from now, and have the points credited within a day or so to make immediate bookings if I can not buy competitors hotel rooms for a similar price using cash)

    Thank you

  12. The 20% discount of Premier card simply does not work, no matter what. For example, right now, even if I select to buy 4000 points (which is not part of sale), I cannot get 20% discount when using my Premier card.

  13. Are you treated differently at the hotel when using points than when you pay with money?

  14. I have not been treated differently but I have been staying in hotels outside the US where platinum members are not as common. In Samara, Russia I was given one of the vest rooms.

  15. I typically travel outside of the US. Thinking to buy the max on this, but I have never used points before for a hotel or flight. I know for some things you are treated like garbage for things like this.

    For instance, Flying Blue Petroleum are treated like trash at lounges in Amsterdam.

  16. I also got the same offer as Alex Z. Purchased 120,000 points for $600 in March this year and also received email : Plus, we’ve increased the amount you can buy each year from 100,000 to 150,000 points – now through June 15! I have upcoming stays in Bali in July.. Hotel Indigo and Intercontinental JImbaran on points. Anyway maxed out my purchase this year.

  17. Hi Lucky, how to deal with IHG or at least give pressure to them that honour my points that I already purchased from the link I used. They all not trustworthy since they gave different reasons
    and blame points .com . Thanks in adavnce

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