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The offer on the IHG® Rewards Club Select Credit Card is no longer available through this site. You can see a review of IHG's new premium card here.
This IHG Points Purchase promotion has ended, however, you can still purchase IHG points.
IHG is at it again. Earlier in November, IHG Rewards Club was offering a 100% bonus on purchased points. Well for Cyber Monday they are now again offering a 100% bonus on points purchases, which is an offer to be considered since it yields the maximum bonus that IHG offers for points purchases.
The offer is valid through December 2, 2016, with a minimum points purchase of 5,000 and maximum of 60,000 points.
If you want to max out the benefit from the promotion, then a maximum purchase of points will yield a total of 120,000 points for $690. Doing the math, this works out at 0.575 cents per point, which is a solid value. If you hold the IHG® Rewards Club Select Credit Card, the cost is effectively further reduced to 0.52 cents per point — since when you redeem your points you receive there is a 10% rebate on the first 1,000,000 points you redeem each year.
For those looking for a stay at an IHG property in the next couple of months, the purchase could work out quite well especially if they are looking to redeem the points in conjunction with the current PointsBreaks promotion. The current offer has rooms for as little as 5,000 points per night, which works out as $29 per night.
However, the offer is not great for aspirational stays, especially since IHG increased the cost of stays at their top hotels from 50k to 60k points per night. Although there is still some value by reducing the cost from $345 per night to $310 a night for a property that would cost 60k points.
The question is should you buy the points or not? On the one hand, this is the best cost per points that IHG offers, and combined with a PointsBreaks promotion can be great value, even better value with the IHG Rewards Card. On the other hand, it is generally preferable to hold cash instead of points. If you've got something planned and can save some money, jump. As for speculative purchases, we'd hold off as this deal will likely be back soon enough.
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