IHG Rewards is throwing its hat into the ring with a 50% or 100% bonus on purchased points/miles. Now through September 22, you can get more IHG Rewards points when you buy them through Points.com. Because these are purchased through a third party, they do not qualify as hotel spend for credit card bonus purposes, but they are still a good deal. Read on.
There is a cap of 60,000 purchased points — 120,000 points total. And the cost of the points goes down while the bonus multiplier goes up as you buy more. The best price is when you buy 50,000 points, and it works out well because IHG’s top hotels cost at most 50,000 points per night. You would get 100,000 points total for two free nights at any IHG property. Or buy more simply because they’re a great deal and you want to top off your account for an even bigger award!
- 1,000 – 10,000 points for $13.50 per 1,000 points
- 11,000 – 25,000 points for $12.50 per 1,000 points
- 26,000 – 60,000 points for $11.50 per 1,000 points
- Buy 1,000 to 49,000 points and get 50% more points
- Buy 50,000 to 60,000 points and get 100% more points
It would cost $575 to purchase 100,000 points, or $287.50 per night if you used these to book an award rather than just pay for the room outright. Is that a good deal? Well, coming up in the next two weeks, here are some options I found:
- InterContinental Hong Kong on Victoria Harbour: $343 or 45K points
- InterContinental Moorea in Tahiti: $339 or 40K points
- Crowne Plaza Republique in Paris: $361 or 45K points
So clearly, I understated the deal. You don’t even need 50K points per night to be able to save over $100 on a two-night stay.
What about after this promo is over? Buying points is often a great idea with IHG Rewards because when you book a cash and points award you are, in effect, buying the extra points you need at a cost of 0.7 cents per point. Then if you cancel the award you get to keep the points you just bought. You can do this over and over for as many points as you need. Although 0.7 cents isn’t as attractive as 0.58 cents, it’s still a good price and worth considering for some properties.