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Should You Buy IHG Points with a 60% Bonus?

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IHG Rewards is offering a bonus of up to 60% for purchasing up to 60,000 points through November 6, 2015. We’ve seen this many times before from IHG; this year alone, there have been several similar offers, including a 100% bonus offer this summer.

This begs the question: Is the 60% bonus worth the plunge, or should you hold off in the hope that IHG will come around with another 100% bonus offer?

Like past buy points promos from IHG, this is a tiered bonus that depends on how many points you decide to purchase:

  • Buy 1,000 – 19,000 points, receive a 30% bonus.
  • Buy 20,000 – 29,000 points, receive a 40% bonus.
  • Buy 30,000 – 39,000 points, receive a 50% bonus.
  • Buy 40,000 – 60,000 points, receive a 60% bonus.

Points can be purchased in increments of 1,000 at the following rates:

  • 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.

IHG Rewards IHG_BuyBanner60

TPG values IHG points at 0.7 cents each, which means that even if you purchase the maximum amount of points on this offer ($690 for 96,000 points), you’re still going to be paying a bit more than they’re worth (0.72 cents per point). Compare that to the 100% bonus offers IHG has done (0.58 cents per point), and it probably makes more sense to wait.

That being said, combined with an IHG PointBreaks redemption (which offers rooms at select properties for just 5,000 points per night), redeeming at top IHG properties, or when pairing a booking with the annual free night on the IHG Rewards Club Select Credit Card (valid anytime at any property that offers standard rooms), you can squeeze more than 0.72 cents per point out of the deal. So if you have a specific stay in mind and the math works out, then go for it!

H/T: One Mile at a Time

IHG® Rewards Club Select Credit Card

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  • Earn 60,000 bonus points after you spend $1,000 on purchases in the first 3 months of account opening
  • Enjoy a free night each year of card membership at over 4,900 hotels worldwide
  • Earn 5 points for each $1 spent at our hotels
  • Earn 2 points per $1 spent on purchases at gas stations, grocery stores and restaurants
  • Bonus points redeemable at hotels such as Intercontinental® Hotels & Resorts, Crowne Plaza® Hotels & Resorts and Holiday Inn®
  • Automatic platinum elite status, as long as you remain a credit cardmember
  • $0 introductory annual fee the first year, then $49
Intro APR Regular APR Annual Fee Foreign Transaction Fee Credit Rating
N/A 16.24% -23.24% Variable $0 introductory annual fee the first year, then $49 0% Excellent Credit