Daily Getaways must be stretched a little thin this year. It seems like more travel brands than usual are running promotions on multiple days. IHG Rewards is an example, and fortunately for us their promotion is actually pretty good.
To provide context, IHG Rewards has long offered the opportunity to buy points for 0.7 cents each (it used to be 0.6 cents). Anyone with a few thousand points to start out can purchase a Cash & Points award, which for accounting purposes on IHG’s side is basically the same as buying the remaining points at a fixed, discounted rate. That rate happens to be $70 for a 10,000-point discount on the standard award cost. You can then cancel your Cash & Points award and, rather than refund you the money, IHG Rewards will deposit all the points in your account. Rinse and repeat.
Even at 0.7 cents each, buying points doesn’t make sense for every reservation even at 0.7 cents each. But it makes sense for quite a few. Consider that many InterContinental Hotels — their luxury, full-service brand — can easily cost over $350 yet are available for just 50,000 points. That’s as high as the award chart goes.
So it’s great that Daily Getaways is offering the chance to buy points even more cheaply and through a somewhat more legitimate venue. Remember that you get a further 10% discount on all prices when you use your American Express card to complete the purchase, and I’ve incorporated this discount into the numbers below. They’re offering these deals on Monday, May 26, and again on Thursday, June 5.
- 100,000 ponts for $567 — 0.567 cents per point (19% discount)
- 50,000 points for $292.50 — 0.585 cents per point
- 25,000 points for $150.30 — 0.6012 cents per point
- 15,000 points for $90 — 0.6 cents per point
There is an advantage to buying more points, not just for the cheaper price but also because it’s easier to redeem them. 100,000 points will get you a minimum of two nights at any IHG hotel. It could get you more than two nights at some of their less prestigious properties. As a point of comparison, I looked at the InterContinental Hong Kong, where I’m heading next month, and saw that this flagship property retails for $323 or 45,000 points per night (yes, there’s award availability). Buying points through Daily Getaways would be cheaper.
IHG Rewards is offering lots of packages, even for its biggest offers. There are 1,000 of the 100,000-point offers on both days. But with the great price, this is probably still a case where you’ll have to be at your computer ready to pounce when the sale begins each day.