IHG Rewards is a huge loyalty program that contains InterContinental, Holiday Inn, Crowne Plaza, and other brands. Ordinarily it doesn’t provide much value — I don’t think it provides a lot of points relative to the cost of its awards, and the benefits of elite status are weak. (InterContinental has a separate program-with-a-program that is more promising.)
However, IHG still deserves your attention because it offers the chance to buy unlimited points at 0.7 cents each. If you have a few points to start with, you can use those to book at Cash & Points award at a hotel. Canceling the award returns the points to your account, and you’ll get twice as many, as if you had booked a standard free night award. The cash portion is not returned. In effect you’ve paid for the extra points now sitting in your account.
Now, IHG is selling points directly to members with a 100% bonus through November 30, 2015. All purchase amounts get the same bonus, but the price per point does go down as you buy more. The best deal is when you buy between 26,000 and 60,000 points. Maxing out the offer will provide 120,000 points (60K + 60K) for $690, or 0.575 cents per point.
This is an 18% discount off an already great deal. Even if you only buy 1,000 points you’ll pay less than the usual price of 0.7 cents.
|Purchase Amount||Bonus||Final Price per Point|
|1,000 – 10,000||100%||0.675 cents|
|11,000 – 25,000||100%||0.625 cents|
|26,000 – 60,000||100%||0.575 cents|
Why does buying points from IHG matter? Even their most expensive, luxurious properties max out at 50,000 points per night. That means with this promotion you could book an award night for no more than $287.50. Take a look at these examples of the InterContinental Park Lane in London and the InterContinental Hong Kong, which is normally $350+ per night. Buying points represents $40-60 in savings, and sometimes more.
Other hotels may be cheaper if they require fewer points. And if you have the IHG Rewards credit card from Chase, you’ll get 10% of your redeemed points returned to book a future award.
Terms & Conditions
Offer available for purchases made between 12:00 AM ET November 20 and 11:59 PM ET November 30, 2015 inclusive. 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.