Daily Getaways, which is a promotion sponsored by the US Travel Association, has returned as of this week. Over the next five weeks all kinds of travel packages will be on sale, starting weekdays at 1PM ET.
On some days there will be lots of competition for the travel packages, while other days they’ll be quite easy to snag. Personally I’m most excited about the travel packages offering hotel points.
Today IHG Rewards Club points go on sale through Daily Getaways, which is the single biggest promotion in terms of the number of available travel packages.
Below is a chart with the details of the packages, how many packages you can buy, etc.
|# Of Points||Cost||Cost Per Point||# Of Packages||Limit|
|15,000 IHG Rewards Club||$90||0.6 cents/point||1,000||5|
|25,000 IHG Rewards Club||$150||0.6 cents/point||1,000||4|
|50,000 IHG Rewards Club||$293||0.586 cents/point||1,500||4|
|100,000 IHG Rewards Club||$565||0.565 cents/point||3,850||3|
This is the single largest promotion available during Daily Getaways, with over 7,000 packages for sale. So while some sales are super competitive, I doubt this one will sell out in a matter of minutes (I’d be surprised if all the packages even sell out in a matter of days).
And it’s also the promotion where you can purchase the most number of packages. Total you can purchase up to 16 packages, for a total of 660,000 IHG Rewards Club points, if you’re so inclined.
The cost per purchased point through this promotion is ~0.565-0.6 cents per mile, which is very reasonable. Personally I value IHG Rewards Club points closer to ~0.7 cents each, as they can indirectly be purchased for that amount.
So in theory I’m a buyer at this price:
- At the high end, IHG Rewards Club points redemptions go for 50,000 points per night, so $300 for a stay at a top InterContinental isn’t bad
- Mid-range properties can be a great deal under this promotion — properties like the Crowne Plaza Beijing are 20,000 points per night, so that’s like paying $120 for a stay there
- At the low end, PointBreaks stays go for just 5,000 points per night, so that’s like paying $30 for a stay at a PointBreaks property
Of course what the above doesn’t account for is the cost of holding points and the risk of devaluation.
Do keep in mind that you receive Platinum status just for having the IHG® Rewards Club Premier Credit Card, which can add further value to your stay in terms of room upgrades and other “special” treatment. Also, you get a free anniversary night certificate each year just for keeping the card. Purchasing further IHG Rewards Club points can be a great way to supplement that free night certificate for a longer stay.
With a specific use in mind, this can be a great value. I know lots of people that “indirectly” purchase IHG Rewards Club points for 0.7 cents each, so this is even a significantly better deal.
That being said, I’m not sure I’d speculatively purchase too many points, without a short to mid-term plan for redeeming them.
Do you plan on purchasing IHG Rewards Club points at this rate?