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IHG's first points sale of the year is about to come to an end. Now through March 21, 2023, IHG One Rewards members can buy IHG points with up to a 100% bonus. This sale allows members to buy IHG points for as little as 0.5¢ each — matching the best rate we've seen for buying IHG points.
The maximum number of points you can buy is 150,000 points before the bonus. That means you can end up with 300,000 IHG One Rewards points through this promotion.
But are IHG points worth buying? Here's a look at some things to consider.
A Note on Buying IHG Points
In general, buying points or miles without a bonus is not a great idea. Loyalty programs typically sell points at a higher price than members can redeem them for. These sales can generate a lot of money for the program but generally provide a poor value for the customer. However, promotions like this can shrink or eliminate that gap.
There are two exceptions to where buying points can be a smart move. The first is when topping off your account to enable a specific redemption. The second is when the price to buy points for a redemption is cheaper than paying for the same product outright. And, at 0.5 cents per point, there are a lot of IHG hotels where you can score such a deal.
IHG Buy Points Offer Details
Through this promotion, you'll need to buy at least 5,000 points to get the maximum bonus:
- 1,000 to 4,000 points: no bonus
- 5,000 points or more: up to 100% bonus
Here are the terms of this promotion:
- This promotion is valid through 11:59 pm Eastern Time on March 21, 2023.
- Members can receive up to a 100% bonus when they buy IHG points.
- Must purchase at least 5,000 points to get the maximum bonus available.
- You can purchase a maximum of 150,000 IHG points during this promotion. After the 100% bonus, you can buy a total of 300,000 IHG points for $1,500. That's 0.5 cents each.
- It may take up to 72 hours for the points to post to your account.
- Point purchases are not refundable.
Great IHG Redemption Options
IHG is a dark horse among the major hotel brands. Many travelers think of a generic Holiday Inn Express right off the highway when they think about IHG. In reality, there are a ton of fantastic IHG properties strewn across a substantial global footprint — many of which can offer a stellar value on point redemptions.
Reward nights at IHG properties are dynamically priced and typically range between 10,000–100,000 points — with some exceptions at luxury hotels. Depending on the cash price, you may be better off buying the necessary points.
Overwater villa in Bora Bora
The crown jewel of the IHG One Rewards program is the InterContinental Bora Bora Resort Thalasso Spa. As the only room type at this property is overwater villas, that's what you get with an IHG One Rewards booking. The rate (when you can find availability) is 120,000 IHG One Rewards points per night:
As you can see in the screenshot below, the paid room rates are extraordinarily high. For the nights where I found award availability, the rate is over US$1,400 per night after taxes and fees. However, if you bought the 120,000 IHG points via a 100% bonus, you'd pay $600 per night.
The huge caveat is that award availability can be tough to find at this property. When award availability does open, it's usually only available for 1-2 nights at a time. So, you're going to need to pair this stay with others around Bora Bora to make a proper trip.
In the rare case you can find four nights in a row, cardholders of the IHG® Rewards Premier Credit Card or IHG® Rewards Traveler Credit Card can score awards for an average of just 90,000 IHG One Rewards points per night. Buying points with this 100% bonus, that's just $450 per night for an overwater villa in Bora Bora!
Spring in Fiji
The Intercontinental Fiji Golf Resort and Spa is one of our favorite IHG sweet spots for point redemptions. Cash rates are regularly north of $300 per night. We found some dates averaging a little over $250 per night, meaning a four-night stay would cost 2,208 Fijian Dollars — about US$1,018.
However, at only 37,000 points a night, the 148,000 points required would only cost $740. You save close to $300 off the cash rate.
If you hold the IHG® Rewards Premier Credit Card or IHG® Rewards Traveler Credit Card, this deal gets even sweeter. Thanks to the Fourth Reward Night Free, when you redeem points for any stay of 4 or more nights, you'd only need 111,000 points total for this stay. Buying those points under this promotion costs $555, saving about 45% off the cash price!
- Best Points Offer Ever - Earn 175,000 Bonus Points after spending $3,000 on purchases in the first 3 months from account opening
- Enjoy a Reward Night after each account anniversary year at eligible IHG hotels worldwide. Plus, enjoy a reward night when you redeem points for a consecutive four-night IHG® hotel stay.
- Earn up to 26 points total per $1 spent when you stay at an IHG hotel
- Earn 5 points per $1 spent on purchases on travel, gas stations, and restaurants. Earn 3 points per $1 spent on all other purchases
- Platinum Elite status as long as you remain a Premier card member
- Global Entry, TSA PreCheck® or NEXUS Statement Credit of up to $100 every 4 years as reimbursement for the application fee charged to your card
- IHG Rewards bonus points are redeemable at hotels such as InterContinental®, Crowne Plaza®, Kimpton®, EVEN® Hotels, Indigo® Hotels & Holiday Inn®
- Earn 26 points total per $1 spent when you stay at an IHG hotel
- 5X points per $1 spent on purchases on travel, gas stations, and restaurants
- 3X points per $1 spent on all other purchases
The earning for spending at IHG hotels breaks down as follows:
- Earn 10X points for being a IHG® Rewards Premier Credit Card member
- Earn 6X points from IHG® with Platinum Elite Status, a benefit of having this card
- Earn 10X points from IHG® for being an IHG® Rewards Club Member (Being a cardholder is not required to earn this bonus for participating in the IHG® loyalty program)
Holidays in New York City
Many people dream of spending winter holidays in New York. Whether it's watching the ball drop on New Year's Eve or the famous Thanksgiving Day parade, New York City is a popular place. And rooms can be expensive — especially during the holiday period. For exampe, the total price for a four-day stay around Thaknsgiving is $2,168 ($542/night).
If you hold the IHG® Rewards Premier Credit Card or IHG® Rewards Traveler Credit Card, it becomes a deal worth considering. Thanks to the Fourth Reward Night Free, you'd only need 206,250 points (68,750 x 3) for this stay. Buying those points under this promotion costs $1,035. In this way, you'd pay under $260 per night — less than half the cash price.
Maximizing Your IHG Points Purchase
IHG point purchases are processed by Points.com — not IHG directly — so they won't trigger any multiplier on cards with travel or hotel purchases as a bonus category. Thus, your best options are to use the purchase to meet a minimum spending requirement or to use a card optimized for everyday spending. Here are a few of our favorite options:
- Chase Freedom Unlimited®
- The Blue Business® Plus Credit Card from American Express
- Citi® Double Cash Card
- Discover it® Miles
It's worth noting that one of the perks offered to cardholders of the IHG Rewards Premier Card is a 20% discount on the purchase of IHG One Rewards points. However, this benefit can't be stacked with a promotion to buy points at a discount. So, you’re better off sticking with one of the cards listed above.
IHG Buy Points History
We have compiled a partial list of the best former IHG buy points promotions. As you can see, there have been plenty of former promotions that offered 100% bonus points. So, if you don't have a planned or immediate use for IHG One Rewards points, you may want to wait for the next promotion.
| Promotion Ended | Max Bonus | Min Cents Per Point |
|---|---|---|
| 03/21/2023 | 100% | 0.5 |
| 12/29/2022 | 100% | 0.5 |
| 10/21/2022 | 100% | 0.5 |
| 09/10/2022 | 75% | 0.57 |
| 08/17/2022 | 80% | 0.56 |
| 08/08/2022 | 100% | 0.5 |
| 07/15/2022 | 100% | 0.5 |
| 06/10/2022 | 80% | 0.56 |
| 04/14/2022 | 100% | 0.5 |
| 01/04/2022 | 80% | 0.56 |
| 11/08/2021 | 100% | 0.5 |
| 09/09/2021 | 100% | 0.5 |
| 08/13/2021 | 75% | 0.57 |
| 07/02/2021 | 90% | 0.53 |
| 06/30/2021 | 100% | 0.5 |
| 06/10/2021 | 100% | 0.5 |
| 03/16/2021 | 100% | 0.5 |
| 02/25/2021 | 75% | 0.57 |
| 12/31/2020 | 75% | 0.57 |
| 11/27/2020 | 100% | 0.5 |
| 11/13/2020 | 40% discount | 0.6 |
| 10/11/2020 | 75% | 0.57 |
| 08/14/2020 | 100% | 0.5 |
| 06/20/2020 | 100% | 0.5 |
| 05/01/2019 | 80% | 0.55 |
| 11/30/2018 | 100% | 0.5 |
| 10/31/2018 | 100% | 0.5 |
| 09/20/2018 | 100% | 0.5 |
| 08/22/2018 | 100% | 0.5 |
| 06/15/2018 | 100% | 0.5 |
| 03/22/2018 | 100% | 0.5 |
| 12/08/2017 | 100% | 0.5 |
| 11/09/2017 | 100% | 0.5 |
| 05/19/2017 | 100% | 0.575 |
| 12/02/2016 | 100% | 0.575 |
| 11/16/2016 | 100% | 0.575 |
| 09/30/2016 | 100% | 0.575 |
Bottom Line
This promotion matches the best price we've seen to buy IHG points (100% bonus = 0.5 cents per point). If you can get an outsized value of your redemption, it makes sense to buy points from IHG during this promotion.
Additionally, there are many times when it's cheaper to buy points than to pay cash for a hotel room, and we provided just a few examples of this. Make sure to check the points price for hotel stays you have coming up. Multiply that by 0.5 cents per point and see for yourself how good of a deal you can get by buying IHG points.
Are you going to buy IHG points with a 100% bonus?
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Quite tempting!
You write in today’s update:
“And even members that have previously maxed out their IHG One Rewards points purchases this year can buy another 500,000 points after the bonus.”
I don’t think that’s correct. I had previously purchased 150k pre-bonus, 300k post bonus. When I tried to purchase another 250K x 2, it confirmed I could only purchase 100k x 2.
wow this is quite tempting. I am planning on eventually transfering points to KE. I think even buying points here and then transfering is a deal with the other ways I earn points.
Is this really worth it if someone like me who prefers to stay in mid-range hotels?
It can be! I’m a similar type of traveler and I’ve regularly gotten over 1 cent per IHG point in recent redemptions – particularly when pairing with the 4th night free benefit. However, I’d recommend waiting until there’s a 100% bonus unless you need the points right now.
great breakdown of prior promos.
This only makes sense if you need a very small number of points to complete a very good value redemption. The usual IHG offer if 100% bonus.
Yes, this is a fair proposition, but in order for it to be fair IHG must live up to the offer. I have had to call multiple times to get the bonus points offered and each time they give me a different story or excuse and promise to correct their error. My frustration outweighs the benefits of the proposition. I carry their credit card and have been a member at the highest level and one below the highest level for more than a decade. Their customer service is lacking and inefficient. They way I have been treated is forcing me to focus on other hotel groups. This missive is as respectful as it can be. Stronger words commensurate with my anger and frustration should be written here but they would be appropriate but unacceptable in this space.
Hope that travels between US, Canda and Argentina will be normalized by December…
I had paid for some points and now I can’t even use them
Same with me very difficult to use the points I purchased.
Nice deal, and you’ve highlighted some nice properties! However, until the pandemic/vaccine situation is resolved, I’m having trouble even figuring out how to use the free nights I have at IHG and elsewhere.
The cheaper the offers come for points, the more devaluation we can expect in the future…
IHG does have some high end properties that are way cheaper than buying points at this level but very much depends on the date of travel and the city. Some of the lower cost cities/countries will never be a good points redemption.
The IHG promotion sounds like something looking into. Thanks for the heads up.
Well, travels within and between US, Canada and Europe will be normalized by next summer.
Love booking a Holiday Inn with points!
It’s once again a great offer, but the only catch is that you have the minimum buying requirement for you to truly enjoy the bonus points. It would be much better if the limitation can go down a little bit.
These offers seem very regular now!
They are monthly events now. 🙂
One of the cheapest point I´ve ever seen on the market
Buenisima la noticia!
This promotion has been repeated over and over already but with the dynamic pricing now, it is even more unlikely that you can get an outsized reward booking for your point redemption.
It is unfortunate about the IHG program is that reward nights don’t count toward elite status. Though of course, Elite status is not particularly valuable in this program. I’m not going to buy points but I like these articles because they give me ideas about aspirational redemptions.
You’re right about IHG elite status.. I think one of the weakest loyalty programs among hotels.
Until IHG figure out their ‘dynamic’ award pricing, I’m happy to hold off before purchasing more.
Unfortunately dynamic pricing means there is less likely to be many real bargains on points. There still is some value but I’m not sure there is enough to make it worthwhile to purchase points.
Buenas noticias para usar un Holiday Inn Express hay un montón de fantásticas propiedades. Para tener en cuenta a la hora de reservar
It’s ok, but it’s bordering on the base valuation I’d use for IHG points, so wouldn’t buy speculatively. Good opportunity for some high value redemptions though, potentially. I miss IHG’s old multiple target promotions, where you’d end up with 50,000 points after a few stays.
Great value on a solid program that has some surprisingly high end properties. I enjoyed both of my stays at the InterContinental in Paris (Opera House) and Bangkok….I’d go back in a heartbeat once the pandemic calms down!
I’ve found that their “good value” redemptions never have 4 consecutive nights available to book which means if you wanted to take advantage of the 4th night free, its usually not possible to do so.
Unless they actually improve the availability of their award nights, buying these points is mute.
I agree that’s becoming increasingly true at higher-end properties. However, I’ve had a lot of recent success using the 4th night free at mid-tier properties. For example, I recently stayed at a Holiday Inn in Paris for 4 nights for 69k points total (17,250 per night) and 4 nights in NYC (on Manhattan) for just 75k points total (18,750 per night). Both of these redemptions yielded over 0.8 cents per point in value. So, if I run low on IHG points again, I’d certainly consider buying points at 0.5 cents.
As much as this article disses the Holiday Inn off the freeway, I think a lot of people use points for that, so it’d be helpful to explain how the math works on it instead of going straight to how to book a hotel in Bora Bora.
Honestly is very expensive buy points
I have never been able to use points for an Intercontinental hotel stay anywhere in the world. I exchanged all of my points last year for American Airlines miles which I have not been able to use.
American seems to no longer offer international business class air, just economy comfort at business class prices.
Another pass for this promo of IHG.
I have already many points waiting to be used and what’s more the points have been devaluated lately even during this pandemic period.
Wow! So much good information… I will be checking in for recommendations. Looking forward to doing some more traveling! Thank you so much?
Seems more convenient to deposit points on a prepaid MasterCard with IHG® Business Reward meeting credits.
Causes a lot of uncertainty or upcoming devaluation
Yes, I’m buying and only because I am going to fly in July. I am no more buying or leaving points or miles for far-away plans
A lot of sweet spots if you just look and are flexible. IHG has a big foot print in the major cities
The biggest key there is flexible. If you have firm plans, you better have a backup plan.
I was planning to purchase, but just checked the points values for a couple of hotels where I recently used up my existing points (Moab, Phoenix) and did not find this to be a very good deal even with the 100% bonus, i.e. the cost of the points needed for a night’s stay was about the same as a cash reservation.
Did anyone ever buy points without a bonus? paying 1c per point is crazy!
No one would I think, it’s tricky enough to make value with a 100% bonus.
Soon we will be able to travel without problems and this seems spectacular to me!
Do not buy to convert to miles
Recently waited 56 days for a conversion to aa miles
A joke in this day and age
Decent offer that can provide good value in the right context, especially at the Intercontinental hotels (the “I” in “IHG”)….I’ve stayed at Intercontinental Hotels in Bangkok and Paris, back when the free night from the credit card wasn’t limited to hotels <40k points and they were both delightful. I’d go back in a heartbeat with the right points offer!
Test Testoff
I would def. purchase at the rate of 0.45 or 0.4 cents each. Hope this deal appears sometime soon.
Buyer beware! With a 150K credit card offer out there, points for $.05 cents per, a recent massive devaluation that was later mostly withdrawn, can a devaluation be far behind? If this offer works for you, make sure you can use them or you might just lose some of the value very quickly.
I would share your concern that yet another devaluation is only round the corner. It does only make sense to buy if there is an immediate use for the points.
Is this a tiered bonus? I’ve seen a few of these promotions where there are tiers to how many bonus points you can be awarded with your points purchase, with the max bonus being awarded at a higher purchase option. Or is this just a flat-out get a 100% bonus no matter how many points (over the minimum) you buy?
I bought 100,000 IHG points for $500 yesterday. I am hoping to put them to good use for travel this year. It could be called a speculative purchase.
If we think that you have to buy miles / points only when there is a bonus, 100% is not enough. I think IHG should offer 150% at least.
I’m tempted…there are a few nice IHG sweet spots in Europe…just need travel and some international borders to open up…
This is certainly a good offer and in most cases it provides only an incremental savings over cash rates. There are some aspirational properties, however i’ve always found that its very hard to find 4 nights of points availability at any of those. If you’ve got the IHG card, it might be worth getting these points, atleast your points won’t expire with it.
I think the minimum offer to invite someone just to think about buying IHG points is 100%.
Less than this nobody will start only thinking.
Agreed with this. If it’s going to be targeted, needs to be a little sweeter. Either way, seems like IHG is looking to raise some cash as it’s going to take time before most people can make use of these points.
Especially, when people are super tired of the frequent massive devaluations. I think only active members actually pay attention to these offers / promotions.
I agree with the other poster who said that at least 100% bonus should be how they are selling them now. Even for the aspirational properties I would be nervous: With the ever changing rules, who knows if a destination will be open. I’ll keep earning my IHG points through promotions. Right now, I get a 1000 point bonus after using tap to pay three times. Not a huge amount, but I’m earning from things I would do anyway.
Ooh great deal but one I am not sure when I would make use of i the current climate.
Great deal! Cant wait until I am ready to travel again
Have stayed at both IC Porto and IC Thalasso (on points), and both were fabulous.
Not a big surprise seeing this discount from time to time.
I was expecting at least a 110% discount considering the Black Friday, the devaluation of IHG points and the pandemic situation.
That would really have been nice.
I have not found a high end IHG property in the places I have been to. They are definitely more well known for their low end and mid range hotel properties. As usual, buyer beware on these point purchases.
You might be surprised by some of the recent additions! IHG has been adding hundreds of new Mr. and Mrs. Smith Hotel properties over the past few weeks: https://awardwallet.com/blog/use-ihg-rewards-points-mr-mrs-smith-hotels/. Plus, IHG has added Regent and Six Senses properties. IHG is always going to be best known for its Holiday Inn Express hotels, but it’s nice to see IHG adding some more high-end properties as well.
Nice deal, and you’ve highlighted some nice properties! However, until the pandemic/vaccine situation is resolved, I’m having trouble even figuring out how to use the free nights I have at IHG and elsewhere.
This would be a great deal if they could only bring pointbreaks back!
Agreed! I really miss PointBreaks!
I am sure that the promotion will return. 🙂
Would buying the points with the IHG credit cards be a good move?
This is a great deal and one that I will be taking advantage of!
i will wait for better deals possibly next year. for now cash is the best i think
As much as I enjoy some IHG hotels (looking at you Intercontinental), I wouldn’t buy their points right now. Who knows how long they’ll be in business in the current economy? In August, IHG lost 103 properties since they didn’t pay millions of dollars to an investment company that operated those hotels under the IHG name. (Those hotels are being rebranded as Sonesta.)
While that’s definitely a concerning development, there’s more to that story. The investment company owns a substantial bit of Sonesta, so they jumped on this opportunity to break the contract with both IHG and Marriott and reflag. Skift has a great story on it here: https://skift.com/2020/11/09/dim-outlook-for-biz-travel-drove-hotel-owner-to-drop-branding-on-200-marriott-and-ihg-hotels/
At this moment in time it will take more than a 40% bonus to get me to spend my money buying hotel points! Hopefully next year we will see a 100% bonus offer!
I recommend people wait for the better point deals that will follow unless you really need the points now. As noted above, almost every month is a new deal.
It is interesting that the bonus offer is not exceptional when 2021 does not look particularly promising.
I don’t think it is the best promotion. I will wait for a 100% bonus
Attractive offer if I had hopes of traveling again in the near future 🙁
Hi! Can I buy IHG points from Argentina? How should I do? Thank you!
I was under the assumption that you can buy IHG points no matter where you are located. Have you tried clicking on the link in the article and logging into your IHG account?
Yes, you can and you’ll receive the same bonus
If you find the right hotel this might be a good money saver. But you gotta compare the price. I’m thinking about a good stay in Istanbul since US citizens n travel there right now.
Hard pass for the reasons explained in the article, plus it’s currently hard enough to figure out how to use my current free nights, at IHG and elsewhere, before they expire, since I’ve paused nonessential travel for the time being.
I can’t wait until COVID is over and we can travel without restrictions again. I just hope one of those 100% bonuses rolls around when I’m ready to travel so I can maximize savings. Until then I’ll just continue using my cards to earn points/miles and save them for the future.
No, I won’t be doing so at this time. No need for the points right now.
It is understandable, since no one knows when the pandemic will be over.
The future is still uncertain for travel and hospitality.
I used this kind of promotion in the past. However, I think we have to wait until the 100% bonus promotion will back.
I can second your recommendation of the Intercontinental Fiji. It’s a really spectacular property available at a great price. Staff was incredibly friendly too. My favorite IHG property, however, is the Intercontinental Da Nang. I’ve seen nights going for 30,000 points off-peak, which is an incredible bargain for what you get. I plan to visit once we get past this pandemic.
Agreed! My wife and I are looking forward to checking out IC Da Nang now that the price has come down from 70k!
If an airline goes bankrupt, can the accumulated miles be transferred to another program of a partner airline? Or am I daydreaming?
Hotels are not playin this quarter! Great deal!
This offer appears to have expired, if you want to mark it accordingly.
Thanks for the reminder. I added a note that this promo has expired at the top of the post now.
Do bought miles count towards elite status? The bonus miles could move the needle on making buying elite status worth it. Although, even top-tier Spire is pretty worthless.
Unfortunately, no. Purchased points don’t count toward elite status.
Where might those be Aimee ?
Anyone else seeing some outsized bargains with points ? Where ?! Cheers.
“You’ll receive the best purchase rate when buying at least 26,000 points” – why not 25K?)
IHG uses a different base rate for purchases up to 10,000 points ($13.50 per 1,000) and 11,000 to 25,000 points ($11.50 per 1,000) than it does for purchases of 26,000+ ($10 per 1,000). That means you can buy 50,000 points (25,000 base + 25,000 bonus) for $287.50 or 52,000 points (26,000 base + 26,000 bonus) for $260.
This offer has been postponed. I am about to buy some IHG points. Now IHG is redeeming hotels based on low and peak seasons. I can find some very cost-effective places to travel.
standard offer for their sale, but if you play it right, a couple of hundred bucks for some of the nicest properties.
After all these repeated promos by IHG there is still someone buying points at the regular price?
This is maybe also the reason why the value of the points has constantly decreased.
I suspect that only a few are buying points; why would people buy points when they are not traveling any time soon? People can read news and see the second wave is raging.
Pretty sweet deal
But i’m passing
I’m quite concerned that these points (and points and miles in general) will be devalued quite soon.
So unless you plan on using these in the very near future(which I’m not planning on doing) buyer beware!
All the uncertainty surrounding the travel industry right now is making it super frustrating. It’s difficult to consider purchasing points when there’s no clear guidance on when things will open up again. I think a lot of people are in agreement that the risk is still too great at the moment.
the old saying, cash is king in the time of difficulties… cash don’t expires and points do
Great redemption ideas in this post!!
Even with the low price to buy miles, I wouldn’t to buy points speculatively right now.
I always appreciate that IHG regularly offers 100% bonuses.
All point programs are trying to raise cash by selling points. However with dynamic pricing, you never know if you will be getting a good deal or not.
It is a very good promotion, the rate at which you are buying points in this promotion is excellent.
Today with the Covid-19 all user loyalty programs, such as miles or other types of points or schemes, all hotels and airlines are promoting.
IHG is one more trying to reactivate the tourism machinery with good promotions.
Not a huge fan of buying points and especially for using in Porto which is on of the cheapest European cities! I’m sure you could get a nice hotel room for closer to $100 in cash.
Great deal, second time in recent months they have offered this correct?
That’s correct!
Not a bad deal… too bad I just stayed at IHG property before this was offered
Great info, scared to buy points at the moment thou…
The Dynamic Pricing IS a devaluation. It will grow.
Also dynamic pricing kills all those New Years Eve bargains from IHG.
I use IHG pts a lot for 4th free night and 10% rebate and love it avoids tax. But IHG pts are often for sale.
Which property were you looking at for NYE? And yes, I agree that dynamic pricing isn’t good news for the future. But, for now, there are some incredible deals! My wife and I just booked an InterContinental in Australia for 16k per night for spring 2021!
All IHG’s have traditionally had free nights available on New Years Eve for standard award rates, even Times Square. No more.
It’s only been 2 weeks since the last 100% bonus sale, plus Pts+Cash is often on sale too for half price. IHG is pushing sales of points while having artificially low reward rates now. It’s a marketing push that benefits the company, but probably not the consumer. Hilton pts have dropped in value a lot and Radisson pts that once were worth almost a penny a point are down to about .25 cent now. That’s the competition.
Bankruptcy doesn’t kill points nor does a company being bought or merged with another. Going out of business kills points. The classic was Delta letting Pan Am fold and then buying most parts of it to void union contracts, frequent flyer miles, etc. But almost all hotels are a franchise, especially IHG. There’s no real benefit to the “logo” going bankrupt.
I’m a bit confused. Are you not seeing IHG hotels available in Times Square for NYE? Because I still am! And there’s not even a minimum stay being required. If you weren’t seeing any availability, I’d recommend checking back now.
But yes, I agree that it’s going out of business that will kill the value of points. Right now, some major airlines are surviving thanks to the value of their mileage programs. The airlines certainly know that they can’t kill the golden goose.
While I love the idea of these resorts, travel abroad seems difficult to plan for…even NYE. Could you list some domestic hotels next time?
Totally understood. We were certainly optimistic that international travel would return sooner than it seems it will be 🙁
Neither will International traffic be realistically and practically resumed in 2021. The whole mess has become a confidence crisis. Before the coronvarius; I am sure that 1% of the population in any country suffered from flu at any given time.
Not sure this is a good time to buy points.
The future is still uncertain for travel and hospitality.
I much prefer Hilton as a chain and use IHG as my back up. Although points are a similar cost to buy when you actually compare redemption rates generally IHG seem to be much cheaper for similar standards of hotels in similar areas.
As there is the same offer almost each month it’s better to buy points only when necessary so to avaoid any risk of devaluation.
Here comes the sun, oops, I meant devaluation.
The rate at which you are buying points in this promotion appears to be similar to the cash rate paid for points plus cash. Unless there was simmering that I was immediately going to book that was better value in points I wouldn’t buy at the moment. There is too much of a risk of a devaluation in all hotel and airline points/miles schemes at the moment.
I think that the promotion is quite good with my only 7000 points minimum requirements. Unfortunately, with so many travel restrictions now I cannot take advantage of it.
I don’t think we will be traveling for a long, long time. So, no purchasing points now.
I agree with the other commenters who say “buyer beware.” I’m working on a 140,000 cc IHG bonus at the moment, and there will simply have to be a devaluation after this… based on everything that’s happened over the past few years in this game.
IHG has always been selling points with a 100% bonus, so I’m hoping they will increase the bonus amount to account for the current situation.
If the bonus goes up beyond 100%, I will definitely buy some.
Right now I dont see it as a good time to buy miles.
I can’t believe that I never thought of filling up credit card bonus requirement spending on purchasing points before. I guess that I would prefer spending for immediate and direct usage on travel, rather than just purchasing points to bank for later use.
Long-term planning gives us something to look forward to, so we can cheer up a bit.
It’s a good time for this deal. During this massive over reaction to the covid, companies are starting to offer some great deals that benefit the consumer.
They really should further sweeten the deals to drum up their post-pandemic trade.
The offer itself is great, but considering the current coronavirus outbreak, it would be wise to reconsider your plan before making purchase. If you are destined to travel in a certain period, then this is the offer you don’t want to miss. For people who are still hesitant, maybe it’s good to wait for the next available offer just like the author mentioned.
Do you expect a devaluation as the company tries to survive the Covid downturn?
I heard that IHG recently had an offer for 4x on IHG Visa card spend. Any info?
The only IHG 4X promotion that I’m aware of is the up to 4X on stays promotion: https://awardwallet.com/blog/current-ihg-promotion/
The IHG card is temporarily earning 3X on groceries though: https://awardwallet.com/blog/reward-program-promotions/
No, I wouldn’t buy points right now, even with the bonus. I have a fairly decent stash already, plus I have no idea when I’ll be able to use them. Sure, the points don’t expire (with elite status) and expiration dates are being extended across most if not all programs anyway, but I’d rather hold on to my cash in these uncertain times. The bonus will be back soon enough. Stay safe, everyone!
It has been awhile since my last IHG stay, so this is a good opportunity to reset the expiration date.
This is a cash generator for a company that needs it for operating expenses now. I keep a small stash of IHG points for last minute stays (when the value is right) and wouldn’t buy anymore however I would treat any purchase as I would like buying “gift certificates” from my local restaurants – assuming they stay in business so when they open again they are still around. if they are close down them I think of it as a donation.
I think they are very good deals, although I don’t know if I would like to book now for New Year’s Eve 2020 in Portugal.
Right now I’m afraid to buy points or miles really anywhere given the Aviance bankruptcy and the possibility so many others will do the same. Sell the miles or points, give execs bonuses and file bankruptcy…do you trust corporate America not to do it?
I certainly understand your suspicions and worry. However, I believe I’ve seen that miles usually make it thru and survive a bankruptcy. It’s worth researching, if you’re concerned.
This is great info thanks.