Final week: Buy IHG points for just 0.57 cents each with this 75% bonus

Feb 21, 2020

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Update: Some offers mentioned below are no longer available. 

Editor’s note: This is a recurring post, regularly updated with new information.

You’ve got less than one week to take advantage of the latest IHG buy points promotion and earn up to a 75% bonus.

Ending Feb. 27, 2020, members can purchase points for as little as 0.57 cents each — and some are even targeted for the opportunity to purchase up to 150,000 points (50,000 points beyond IHG’s yearly limit). You’ll end up with 262,500 points for a total of $1,500.

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Promotion details

Many of us at TPG have this offer in our accounts: The bonus is triggered at 7,000 points, with a 150,000-point limit. However, you’ll need to buy quite a lot more to receive the optimal rate. The tiers are:

  • Buy 1,000 to 6,000 points – no bonus
  • Buy 7,000 to 19,000 points – 50% bonus
  • Buy 20,000 to 150,000 points – 75% bonus

The more you buy, the less you’ll pay per point, even within bonus tiers. For example, if you buy 25,000 points, your cost per point will be 0.66 cents each. If you buy 26,000 points, you’ll pay 0.57 cents per point.

Other versions of the bonus some TPG staff received are:

  • 5,000 to 14,000 points – 50% bonus
  • 15,000+ points – 75% bonus

And:

  • 7,000 to 25,000 points – 50% bonus
  • 26,000+ points – 75% bonus

Who should purchase IHG points?

You may be seduced by the words “75% bonus,” but remember there are other far more inexpensive ways to earn IHG points — namely, the IHG cobranded credit cards:

If you’ve already got these cards, this IHG buy-points deal is a solid way to scoop up points for cheap. IHG points are worth 0.5 cents each based on current TPG valuations. The cheapest rate with this promotion is 0.57 cents each, so you should have a specific redemption in mind if you decide to purchase points.

Many of us used to buy IHG points speculatively because IHG’s of amazing PointBreaks promotion, but that seems to be discontinued for the foreseeable future. Still, it’s possible to get much greater value than just 0.57 cents from your IHG points. With few exceptions, IHG hotels cost between 10,000 and 70,000 points. At 0.57 cents each, you could book an overwater bungalow in Bora Bora for just $399 per night if you can find the availability.

InterContinental Bora Bora Resort Thalasso Spa (Photo by Brian Biros / The Points Guy)
InterContinental Bora Bora Resort Thalasso Spa (Photo by Brian Biros/The Points Guy.)

Related: How to redeem points with IHG Rewards Club

Which credit card should you use?

We’ve found that the best credit card for buying IHG points is one that earns a solid amount of points for non-bonus spending. When you buy IHG points, the transaction is processed by Points.com, not IHG. Your purchase won’t code as travel, so you won’t earn a travel category bonus from any of the top travel rewards credit cards. You’ll want to choose a card like:

Note that the Chase Freedom Unlimited cash back can become fully-transferable Ultimate Rewards points (up to a 3% return based on TPG’s valuations) if you also have an Ultimate Rewards-earning card like the Chase Sapphire Reserve.

Featured photo courtesy of IHG.

JT Genter contributed to this post.


This is The Points Guy’s permanent page about IHG’s “buy points” promotions, so you can bookmark it and check back regularly for the latest offer. Keep in mind you may see some reader comments referring to older deals below.

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.

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