In the interest of full disclosure, Monkey Miles earns compensation through affiliate links and referrals. You do not have to use them, but we greatly appreciate your readership and support. We do our best to provide you with the best deals on credit cards, but we do not provide information on all cards in the marketplace. Opinions expressed are our own and do not reflect those of any entity being reviewed and have not been approved or otherwise endorsed by those entities. We are a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for us to earn fees by linking to Amazon.com and affiliated sites. Please read my disclosure policy for further details.
This deal started as a sweet Valentine’s day surprise and it ends today. The broad strokes are: You must buy at least 5k points to receive a 100% bonus when you buy IHG points. If you were to buy the maximum 60,000, you would receive a total of 120k points for an effective purchase price of $0.00575 per point. I listed a few different ways that this can be beneficial to you, but as with any point currency, I never recommend speculatively buying points. Today is the last day to get a 100% bonus when you buy IHG points.
Here are a few instances from my previous post where I think it makes sense to buy points:
For new members it would cost $184.
- At $0.00575 per point, 32000 points would cost you $184.
For renewal there were 3 options offered last year and one was an all points offer 24k get 5k back or 19k total out of pocket:
- At $0.00575
- 24000 get 5k back = 19,000 or $109.25
The Cleveland Clinic is one of the best hospitals in the world. In fact, it’s where many of my family members have gone for Cardiovascular check-ups. The Intercontinental Cleveland is attached to the hospital and can be had for just 25k points. The last time my folks, who have Ambassador status, visited they redeemed points and were upgraded to a JR Suite – a great use of points.
I checked rates in the summer and they were coming in over $270. If you were to buy points at $0.00575 per point, the 25,000 award rate would only set you back $143.75. That’s a great discount for a very solid hotel.