IHG is offering up to a 100% bonus when you purchase 50,000 or more points from now through September 22, 2014. This is the highest bonus that IHG Rewards Club has offered for purchasing their points and could be a great way to rack up cheap points.
Normally IHG offers a 20% or 60% bonus when you buy points, and it is always possible to ‘buy’ IHG using the Cash & Points trick for 0.7 cents each, but the 100% bonus is actually a better deal and brings down the cost per point to ~0.58 cents each.
IHG lets you purchase points in increments of 1,000 and the price per point varies depending on how many you purchase:
The bonus structure also depends on how many points you purchase and is as follows:
As an IHG member you’re allowed to purchase 60,000 IHG points per calendar year, so if you decide to max out this promotion and purchase 60,000 points you would get a total of 120,000 points for a total of $690. At this rate you’d be buying IHG points for ~0.58 cents per point---a hot deal if you can use the points.
The timing of this promotion is rather interesting as the next PointBreaks list is set to be released in the next week or so (probably right after this promotion ends). Purchasing IHG points through the 100% bonus promotion would put PointBreaks redemptions at less than $30 per night and could be a huge value depending what properties are on the next list.
Based on the fact that PointBreaks hotels can vary greatly by region and value of locations it’s a bit of a gamble. But, if you were to buy 60,000 points (you’d get a total of 120,000 points) and have enough for 24 nights at PointBreaks hotels. If you were able to book a stay at a InterContinental this could be a big deal---it’s still a bit of speculation.
Given that this is one of the cheapest opportunities to buy IHG points if you have an upcoming stay in mind it may be worth considering. You could get a free night at a top-tier IHG property for $287.50 and may save a considerable amount off the paid nightly rate.
Considering that IHG credit card holders get a 10% rebate on redeemed points, the net cost for a room at a top-tier Intercontinental hotel is even lower – $258.75.
Personally I wouldn’t stock up on IHG points unless I have upcoming IHG stays in mind or want to bet on a valuable PointBreaks hotel on the list in the next 6 months. Which I am tempted to do...
IHG members may purchase a maximum of 60,000 points per calendar year and also receive a maximum of 60,000 points as a gift per year.
Since you are purchasing IHG Rewards Club points through points.com the purchase won’t qualify as hotel spend on the IHG MasterCard or as a Platinum member.
Here are the full terms:
*Offer available for purchases made between 12:00 AM ET September 15 and 11:59 PM ET September 22, 2014 inclusive. Bonus points will be awarded upon completion of the transaction. Bonus points will be awarded to the recipient of the points purchase. Offer is subject to change. Offer cannot be combined with any other offer. Only purchases made online are eligible for the bonus.
Price includes all applicable fees. Purchased Points are not refundable and are applicable toward all IHG® Rewards Club awards. Members may purchase a maximum of 120,000 points per calendar year and receive as a gift a maximum of 120,000 points per calendar year. Please allow 24-48 hours for points to post and appear in the recipient’s account. All other IHG® Rewards Club Terms and Conditions apply.