DEAL: Buy IHG One Rewards points with a 80% bonus (0.56 USD cents/point)

Regent Phu Quoc (Source)

IHG One Rewards Points Purchase Promotion

Until Saturday, June 8, 2024, IHG One Rewards is offering a bonus on purchased points. While different members might receive varying offers, most accounts I've checked show an 80% bonus, which is likely common. To receive this maximum bonus, you need to purchase at least 5,000 points in a single transaction.

Purchasing IHG Points with an 80% Bonus

• Cost Breakdown: Typically, IHG One Rewards points can be bought for as little as one cent each before any discounts or bonuses. With the 80% bonus, buying 250,000 points pre-bonus gives you a total of 450,000 points for $2,500, which equates to 0.56 cents per point.

IHG frequently sells points with bonuses, usually ranging from 80-100%. Therefore, while this offer is good, it isn’t the best deal available historically.

Credit Card Discounts: The IHG One Rewards Premier Credit Card and IHG One Rewards Premier Business Credit Card offer a 20% discount on point purchases, but this benefit doesn’t apply during promotional periods like this one.

Purchase Limits

Normally, IHG members can buy up to 150,000 points per calendar year. However, during this promotion, the limit is increased to 250,000 points.

Six Senses Bhutan (Source)

Evaluating the Worth of Buying IHG Points

IHG One Rewards has dynamic award pricing, meaning the points required for a hotel stay vary based on the cash price. Although the value of points can differ, there are opportunities to get excellent value by buying points and redeeming them.

Tip: The IHG One Rewards Premier Credit Card and similar cards offer a fourth night free on award stays, effectively giving you a 25% discount on four-night stays.

Redeeming IHG Points

IHG has over 15 hotel brands, providing many options for redemption:

• Luxury & Premium: Six Senses, Regent, InterContinental, Kimpton, Hotel Indigo

• Mid-range & Limited Service: Crowne Plaza, Holiday Inn, Holiday Inn Express, Candlewood Suites, Staybridge Suites, voco, EVEN

Point Valuation

While values can vary, I generally value IHG points at ~0.5 cents each. Thus, buying points at the promotion rate is approximately equal to this valuation.

Expiration of IHG Points

IHG One Rewards points expire after 12 months of inactivity for non-elite members. Any activity, like earning or redeeming points, resets the expiration. Points do not expire for elite members, and elite status is easy to achieve with the IHG Rewards Premier Card.

Good Uses for IHG Points

While prices are subject to change, here are some examples of great deals using IHG points bought at 0.56 cents each:

• Six Senses Laamu Maldives: 100,000 points per night (75,000 points per night with fourth night free) for stays costing over $1,500 per night.

• InterContinental London Park Lane: 75,500 points per night (56,600 points per night with fourth night free) for stays costing over $700 per night.

• Kimpton Seafire Resort & Spa, Grand Cayman: 70,000 points per night (52,500 points per night with fourth night free) for stays costing over $800 per night.

Kimpton Paris St. Honore (Source)

Bottom Line

IHG One Rewards is offering an 80% bonus on purchased points until June 8, 2024, allowing you to buy points for 0.56 cents each. This promotion can offer significant savings on luxury hotel stays. Additionally, combining this with the fourth-night-free benefit from IHG credit cards can maximize your value.

This promotion was first reported on onemileatatime.com