IHG One Rewards Premier Business Credit Card Review: Great Perks and Worth the Fee IHG One Rewards Premier Business Credit Card Review: Great Perks and Worth the Fee

IHG One Rewards Premier Business Credit Card Review: Great Perks and Worth the Fee

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The IHG One Rewards Premier Business Credit Card is a solid business credit card for business owners looking to save on their business-related (or personal) hotel stays. The card earns IHG points, which can be redeemed at hotel brands like Holiday Inn, Crowne Plaza, Kimpton, and InterContinental.

Additionally, the card gives you automatic Platinum Elite status — one of the higher tiers of the IHG One Rewards loyalty program. And you get all of this for a reasonable $99 annual fee.

Here's everything you need to know about the card.

IHG One Rewards Premier Business Credit Card
IHG One Rewards Premier Business Credit Card
Annual Fee$99
Welcome Bonus Earn 140,000 Bonus Points after spending $3,000 on purchases in the first 3 months from account opening
  • Earn 140,000 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 4-night IHG® hotel stay.
  • Earn up to 26 total points per $1 spent when you stay at IHG Hotels and Resorts
  • Earn 5 points per $1 spent on purchases on travel, at gas stations, select advertising, and restaurants. Earn 3 points per $1 spent on all other purchases
  • Automatic Platinum Elite status as long as you remain a Premier Business 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 One Rewards Bonus points are redeemable at hotels such as InterContinental®, Crowne Plaza®, Kimpton®, EVEN® Hotels, Indigo® Hotels & Holiday Inn®
  • Member FDIC
  • Earn 26x total points per $1 spent when you stay at an IHG hotel
  • 5X points per $1 spent on travel, dining, social media search engine advertising, and at office supply stores and gas stations
  • 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 One Rewards Premier Business 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)

IHG One Rewards Business Card Pros

  • Automatic Platinum Elite status in the IHG One Rewards loyalty program.
  • Free night award on each account anniversary (worth up to 40,000 points).
  • Fourth night free on award redemptions for cardholders.
  • Up to $50 United TravelBank credit annually.
  • Reimbursement for your application fee to Global Entry, TSA PreCheck, or NEXUS.

IHG One Rewards Business Card Cons

  • $99 annual fee.
  • 20% discount on purchasing IHG points doesn't stack with point sale promotions.
  • Insurance protections are not as abundant as other small-business cards.

IHG One Rewards Business Card Welcome Bonus

New applicants for the IHG One Rewards Business Card can earn 140,000 bonus points after spending $3,000 on purchases in the first 3 months from account opening.

Even at a modest 0.5¢ per point value — the rate that IHG sells points during its best buy points promotions — this sign-up bonus provides $700 in value. And that's just the baseline value. In recent redemptions, AwardWallet users have averaged 0.69¢ per point in value.

This sign-up bonus provides an outstanding value for a business credit card with a modest annual fee.

IHG One Rewards Business Card Benefits

While the card has a modest annual fee, this card is jam-packed with valuable benefits that make this card a solid choice for anyone who stays at IHG properties — even if that's only an occasional visit. Many of these perks mirror those found on the IHG One Rewards Premier Credit Card.

Free Anniversary Night

You'll receive a free night award on each account anniversary, worth up to 40,000 points. If you want to use your free night at a hotel that costs more, you can top off your free night with an unlimited number of points.

This perk alone can usually justify the card's $99 annual fee.

Earn a Second Free Night Award

By spending $60,000 in a calendar year on your card, you can earn another free night award with the same value as the one above. This perk is available on the IHG One Rewards Business Card but not the IHG One Rewards Premier Card.

Complimentary IHG Platinum Elite Status

By simply having the card, you will automatically get IHG Platinum Elite status. This loyalty level includes the following benefits at IHG properties:

  • Free Wi-Fi.
  • 60% bonus points on paid stays.
  • Priority check-in.
  • Guaranteed room availability.
  • Welcome amenity at check-in.
  • Complimentary upgrades (subject to availability).
  • Early check-in and late check-out (subject to availability).

It's also possible to spend your way to top-tier Diamond elite status after making $40,000 of purchases on your card in a calendar year. This elite status will be valid through the end of the following year after its earned.

Related: Everything You Need to Know About IHG One Rewards

4th Night Free When Using Points

When using points for hotel stays, you'll pay zero points for the fourth night when you make a reservation of four nights or more. This amounts to around a 25% discount on four-night award stays.

20% Off Points Purchases

If you're short on points for your next award stay, you can buy them with a 20% discount, thanks to having the IHG One Rewards Business Card.

Unfortunately, you can't combine this discount with buying IHG points on sale. So, this perk is only useful when you need to top off your points balance for a high-value award redemption, and there isn't a buy points sale.

United TravelBank Credit

After linking your card with your United MileagePlus account, you'll receive up to $50 in United TravelBank credit annually. You'll receive $25 in January valid through July 15 and another $25 in July for use through January 15 of the next calendar year.

TravelBank credits can be used toward purchasing flights with United, but you can't use it to pay taxes and fees on award redemptions with United.

$100 Security Program Credit

You can be reimbursed up to $100 every four years to offset your application fee to Global Entry, TSA PreCheck, or NEXUS. Simply use your card to pay the enrollment fee, then you'll receive a statement credit in the amount of your application fee.

people in line at a TSA checkpoint
You can get expedited security clearance for free with the IHG Rewards Business card.

Bonus Points and Statement Credit via Spending

If you spend $20,000 or more on purchases during a calendar year and then make one more purchase, you'll receive 10,000 bonus IHG points and a $100 statement credit. However, this isn't the most rewarding card for heavy spending. So, compare this to earning an additional sign-up bonus or using a good everyday spending card for these purchases.

Spending $20,000 in a calendar year will earn you a base of at least 60,000 points from the spending plus 10,000 bonus points for a minimum of 70,000 points. Those points have a baseline value of $350 (at 0.5¢ per point), meaning you're netting a minimum of a 1.75% return on your spending.

Purchase and Shopping Protections

You'll enjoy purchase protection on items bought in the last 120 days, up to $10,000 per claim and $50,000 per account. Additionally, you have trip cancellation and trip interruption insurance of up to $1,500 per person and up to $6,000 per trip when your trip is canceled or cut short for covered reasons.

When renting a car, you can decline the rental car company's insurance and pay for the rental with your IHG One Rewards Business Card. Doing so provides theft and collision protection. However, this coverage is only primary outside the U.S. It's secondary coverage within the U.S.

IHG One Rewards Business Card Earning Rates

Beyond earning the welcome bonus, you'll also earn points from your daily spending:

  • Earn 26x total points per $1 spent when you stay at an IHG hotel
  • 5X points per $1 spent on travel, dining, social media search engine advertising, and at office supply stores and gas stations
  • 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 One Rewards Premier Business 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)

These categories are valuable if you travel regularly and primarily stay at IHG properties.

Redeeming Points with the IHG One Rewards Business Card 

IHG Stays

The most sensible way to use your IHG points is redeeming them for free stays at IHG hotels. IHG uses a dynamic pricing model where rooms can be found for as few as 5,000 points per night and up to 120,000 points per night at properties like the InterContinental Bora Bora. Award rates can go even higher at premium partners like Six Senses and Mr & Mrs Smith.

Still, it's possible to obtain great value from IHG award stays with a little effort. Points & cash redemptions are another option if you're short on the points needed for your next stay.

For some redemption inspiration, check out these guides:

Airline Miles

If you're short on miles for a free flight, you can convert your IHG points to more than 40 airlines. Transfer times and rates vary, but you can find the long list of airline partners here.

Experiences

IHG offers exclusive experiences for its members. You can use your IHG points for things like sports tickets, tours, personalized experiences, and more. You can find the various options here.

Gift Cards, Merchandise and Digital Media

You can purchase gift cards, clothing, bikes, and more. The value obtained from merchandise (found here) and digital media purchases (found here) is typically less than the value obtained from using your points for hotel stays, however.

sun sets behind an ocean with an outdoor hotel patio nearby
The InterContinental Koh Samui Resort, an IHG Hotel

Application Restrictions

The IHG One Rewards Business Card is issued by Chase, which has its infamous 5/24 rule for applicants. While most business credit cards don't add to your 5/24 count, you do need to fall under this metric to be approved for this or other Chase credit cards. If you've opened five or more credit cards in the past 24 months and they show up on your credit report, you'll likely be denied for this card.

This is important to remember as Chase offers some of the best rewards credit cards available, so it's ideal to pick your credit cards wisely. And if you're over 5/24 for now, you'll need to wait until you have less than five credit card approvals in the last two years before applying.

Other credit card application restrictions make it unlikely that you'll be approved for more than one business card with Chase in less than 90 days. You also can't receive the bonus on this card if you currently have the card or received a bonus in the last 24 months. From the offer terms:

“This new cardmember bonus offer is not available to either (i) current cardmembers of this business credit card, or (ii) previous cardmembers of this business credit card who received a new cardmember bonus for this business credit card within the last 24 months.”

Cards that Compete with the IHG One Rewards Business Card

If this isn't the right card for you, consider these options:

Related: Top Small-Business Credit Card Offers

Bottom Line

The IHG One Rewards Business Card is a great pick for business owners looking to save on hotel costs without sacrificing quality stays and solid benefits.

5 / 5 - (2 votes)
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  • Thanks for the roundup, Brett. The cards that allow you to add unlimited employee cards are very appealing to me (and a lot of other business owners I’m sure). We’re in the process of making a policy for use of the company cards. Best advice we can find is here: https://volopa.com/making-a-company-card-policy/ Anything you can add to make sure we get the most out of employee cards and avoid any of the downfalls?