IHG Rewards Club – the InterContinental, Holiday Inn, Crowne Plaza etc scheme – has brought back its ‘100% buy points bonus’ promotion. It is as generous an offer as you will ever see for IHG points.
The page to buy points is here. The deal runs until midnight New York-time on Friday 17th.
(Remember that many of us have a ‘buy points’ offer as part of our IHG Accelerate target for this quarter. This is a good opportunity to buy a small number, although you need to buy 5,000 to receive the 100% bonus.)
Here are the standard purchase rates which do NOT include the bonus:
- 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
You receive a 100% bonus with any order of 5,000 points or more.
With a 100% bonus, you would be able to buy 120,000 IHG points for (at current exchange rates) £551. This assumes your credit card has 0% FX fees.
Here are a few examples of how this deal may work.
At the top end of the IHG Rewards Club portfolio, you have InterContinental properties which top out at 50,000 – 60,000 points per night. That’s what you would pay for InterContinental Le Grand in Paris or the InterContinental Amstel in Amsterdam.
With a 100% bonus, IHG is effectively selling you a night at a 50,000 point property for £230 all-in. A 60,000 point hotel would be £275. At the bottom end, the points for a 5,000 point PointBreaks night would cost just £23.
The continual devaluation of some top IHG properties into the 60,000 points category makes this offer less generous than it was. The fall in the value of the £ also makes this deal worse – although if you are redeeming for hotels in the USA or a ‘pegged’ country like the UAE it nets off.
You should look at this if you have a ‘buy points’ target for your Accelerate promotion – although it makes more sense to buy 5,000 and get the bonus than buy 1,000 for no bonus. If you are topping off your account, it is also a good deal irrespective of the exact cents per point cost.
The maximum number of points you can buy per year is 120,000 (ie 60,000 plus the 60,000 bonus).