It is not clear why this relationship is breaking up, unless Priority Club wants its members to focus on its own credit cards rather than collecting points indirectly via a MR transfer. The writing was probably one on the wall a couple of years ago when the transfer rate in the UK moved from 1:2 to 2:3.
Points transfers do count towards status so if you think you might not retain Priority Club Platinum this year (and the reduced number of promotions means some will struggle, including myself) it might be worth doing a transfer purely for that reason.
IHG Rewards Club update – January 2021:
Get bonus points: IHG is not currently running a global points promotion as of 1st January 2021.
Buy points: If you need additional IHG Rewards Club points, you can buy them here.
Want to earn more hotel points? Click here to see our complete list of promotions from IHG and the other major hotel chains or use the ‘Hotel Offers’ link in the menu bar at the top of the page.