IHG Rewards Club has launched another 100% ‘buy points’ bonus, which is as generous as you ever see. It ends on 31st July.
IHG has increased the maximum number of points you can buy to a whopping 500,000 points (ie 250,000 plus the 250,000 bonus). You need to buy at least 15,000 points for the bonus to kick in.
With a 100% bonus, you would be able to buy up to 500,000 IHG points for (at current exchange rates for $2,500) £1,951.
I usually value IHG Rewards Club points at 0.4p. This is exactly what you are paying for them here, so from that point of view you shouldn’t lose money.
The skill is to use them at hotels where you can get substantially more than 0.4p per point of value. The new InterContinental Maldives, for example, is 100,000 points for an Overwater Pool Villa or – looking at next February – $1,100 inc taxes for cash, per night. This is a 50%+ saving given that 100,000 points will cost you $500. Availability is apparently decent at the moment.
More importantly, IHG’s recent move to variable points pricing in many countries has created some great bargains. You can read more about IHG Rewards Club variable points pricing here. It is VERY easy to get more than 0.4p per point at the moment – often more than 0.6p per point – so buying points can sharply cut the cost of your stay.
(Want to earn more hotel points? Click here to see our complete list of promotions from the major hotel chains or use the ‘Hotel Promos’ link in the menu bar at the top of the page.)