This post contains references to products from one or more of our advertisers. We may receive compensation when you click on links to those products. For an explanation of our Advertising Policy, visit this page.

Update: Some offers mentioned below are no longer available – IHG Rewards Club Select Credit Card

IHG just released its latest list of PointBreaks hotels for summer 2014.  PointBreaks are reduced award redemptions at IHG hotels (Intercontinental, Crowne Plaza, Indigo, Holiday Inn, etc.) that require just 5,000 Rewards Club points for a free night and change every two months. While some of the participating properties won’t move the needle on the excitement meter, many are worth checking out.

Stay in the Crowne Plaza Bangkok Lumpini Park for just 5,000 points per night!
Stay in the Crowne Plaza Bangkok Lumpini Park for just 5,000 points per night!

Depending on where you redeem them, 5,000 points per night can be a pretty great value, especially for Intercontinental properties, which normally require between 30,000-50,000 points, and Hotel Indigos and Crowne Plazas, which usually require 20,000-50,000 points depending on the category. Here are some of the more intriguing PointBreaks properties being offered from May 27 to July 31, 2014:

If you’re light on IHG Rewards points, you have several opportunities to stock up. The IHG Rewards Club Select Credit Card from Chase offers 60,000 Rewards points after spending $1,000 within the first 3 months of account opening. The card has a $49 anual fee that’s waived the first year, and is offset by an annual free night certificate at the account anniversary. Alternately, since Chase Ultimate Rewards transfer to IHG Rewards, you could sign up for the current 60,000 point bonus on the Chase Ink Bold and Ink Plus cards (after $5,000 spend in 3 months).

You can also take advantage yesterday’s Daily Getaway from Amex, which offers steeply discounted packages of IHG Rewards points. One deal, for example, offers 15,000 Rewards Club points for $100 (or $90 with a special Amex discount).  You could use those points on PointBreaks hotels and effectively stay for just $30 per night.

IHG recently updated PointBreaks redemption rules to make award nights more accessible.

IHG recently added a new rule that Rewards Club members may only book two PointBreaks reservations at each hotel offered in a given period. There is no limit to how many nights can be booked at the discounted rate for each of those two reservations. IHG instituted this policy to free up award space and thwart attempts to book and resell hotel rooms for a profit. Previously, travelers with uncertain itineraries could book speculatively at the PointBreaks rate by reserving a series of individual nights (each as a separate reservation) and then cancelling the unneeded ones once their plans firmed up. Since IHG immediately refunds points from cancelled reservations, this practice was virtually risk free.

The new policy makes it harder for people to sit on speculative reservations, which should make PointBreaks more accessible. That said, award space is limited at IHG hotels, and the best PointBreaks properties tend to go very quickly. If your plans are in flux, better to take a stab at dates that might work (and then cancel or modify reservations) than to miss out entirely.

Capital One® Venture® Rewards Credit Card

Earn unlimited 10x miles on hotel stays booked and paid through hotels.com/venture. Pair that with the Hotels.com Rewards program and you'll essentially be getting 20% off of hotel bookings! With the 50,000 mile sign-up bonus you can get up to $700 in value based on TPG's most recent valuations and you'll have the flexibility to transfer those miles to participating airline partners or redeem those miles on any purchase for airfare, hotel stays, car rentals and more.

Apply Now
More Things to Know
  • Enjoy a one-time bonus of 50,000 miles once you spend $3,000 on purchases within 3 months from account opening, equal to $500 in travel
  • Earn 2X miles on every purchase, every day. Plus earn 10X miles on thousands of hotels, through January 2020; learn more at hotels.com/venture
  • Named ‘The Best Travel Card' by CNBC, 2018
  • Receive up to $100 application fee credit for Global Entry or TSA Pre✓®
  • Fly any airline, stay at any hotel, anytime; no blackout dates. Plus transfer your miles to over 12 leading travel loyalty programs
  • Miles won't expire for the life of the account and there's no limit to how many you can earn
  • No foreign transaction fees
  • $0 intro annual fee for the first year; $95 after that
Intro APR on Purchases
N/A
Regular APR
17.99% - 25.24% (Variable)
Annual Fee
$0 intro for first year; $95 after that
Balance Transfer Fee
$0
Recommended Credit
Excellent, Good

Editorial Disclaimer: Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, airlines or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

Disclaimer: The responses below are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser’s responsibility to ensure all posts and/or questions are answered.