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Get a 100% bonus when you buy 5k+ IHG points until 02/17/17
IHG put this offer out yesterday, 2/14/17, as a sweet little Valentine’s day surprise. You can get a 100% bonus when you buy 5k+ IHG points until 02/17/17. IHG allows you to buy up to 60,000 points per year and this provides a great way to get an additional 60,000. Let’s take a look at the offer and why it may or may not make sense for you. Get a 100% bonus when you buy 5k+ IHG points until 02/17/17.
You’ll be prompted to input your IHG information. You’ll then be given the option to buy different quantities of points.
Here is a look at various price points: Best deal is $0.0575 per point
- Buy 5k get 5k = 0.00675
- Buy 20k get 20k = 0.00625
- Buy 60k get 60k = 0.00575
Here are the terms and conditions:
- 60k max
- must purchase by 11:59 EST on 2/17/17
Should you do it?
Like everything…it’s up to you. If you don’t have any points, are short on points, or see that a super expensive hotel could be had for much less through a points purchase, I think this could be a great deal. Another option is to use the points to buy Ambassador at a discount…
Buy points to purchase IHG Ambassador at a discount
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
Buy points to get a room at a reduced rate.
It’s a great hotel, adjacent to the airport and can be had for just 30,000 points, 27k if you have the IHG card from Chase which gives you a 10% rebate on award redemptions. With this promotion you could buy points to redeem for a night here for $172.50 or $155.25 with the Chase card. I looked and rates in March are over $300. That’s a great way to stay at a great hotel and save a lot of money.
Think you’ll take advantage of this promotion? Would love to hear your stories!
Monkey Miles has partnered with CardRatings for our coverage of credit card products. Monkey Miles and CardRatings may receive a commission from card issuers
A Monkey Miles favorite for beginners and point pros alike – a staple of our wallet that earns Premium transferrable Ultimate Rewards. $95 annual fee
♥ Earn 60k Bonus Points after $4k Spend in 3 months
♥Points are transferrable to over dozen partners, or redeemable for 1.25c in Chase travel
♥5x on travel purchased via Chase Travel and 2x everywhere else (beginning 8/16/21)
♥3x on dining, including eligible delivery services, takeout and dining out (previously 2x – beginning 8/16/21)
♥3x on select streaming (beginning 8/16/21)
♥ 3x points on online grocery purchases (excluding Target, Walmart and wholesale clubs -(beginning 8/16/21)
♥ $50 Annual Credit on hotel stays purchased via Ultimate Rewards. *New cardmembers can get this credit immediately – existing cardmembers get it after anniversary (beginning 8/16/21)
♥ 10% Anniversary Point Bonus. Spend $10k in a year, get 1k bonus points. (beginning 8/16/21)