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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.
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
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