IHG One Rewards extends use of Food and Beverage credits associated with Milestone Rewards

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IHG One Rewards went through a massive overhaul of the program this past year when they rebranded and recategorized their entire program. One integral part of that new branding was the formation of Milestone Rewards that are granted after x number of nights. It gives members the ability to choose what they value most, and one of those options that you’ll see throughout the Milestone Rewards chart are Food and Beverage Credits worth $20 a piece.

They have been relatively difficult to use throughout 2022 with delayed stops and starts and so IHG decided to extend their expiration until 12/31/23. 

Note that Food & Beverage Rewards can be used for purchases applied to guest room bills at hotel restaurants, in-room dining, minibar food & drink items and associated tax and gratuity charges.

In addition to the expiration extension, starting in 2023, members will be able to begin using Food & Beverage Rewards at US and Canada

  • Luxury, Lifestyle and Premium hotels.
    • InterContinental Hotels & Resorts,
    • Kimpton Hotels & Restaurants,
    • Hotel Indigo,
    • voco,
    • EVEN Hotels,
    • Crowne Plaza

You can select 1 award at every level, and 2 at the 40 night and 70 night level

Personally I’d choose

  • 20 night – Suite Upgrade
  • 30 night – 2 F/B vouchers
  • 40 night – Suite Upgrade + Lounge Access
  • 50 night – 5 F/B vouchers
  • 60 night – 5 F/B Vouchers
  • 70 nights – 2 Suite upgrade

In total I’d have 4 suite upgrades, good on up to 5 nights a piece, lounge access for me and 1 guest, and 17 F/B vouchers worth $340. Note that these must be used in conjunction with a stay.

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This is a nice thing that IHG has done to extend the use of a perk that has had some issues getting fully integrated with properties and now members will have the ability to utilize them through next year.

Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities.

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Affiliate LInk

Chase Sapphire Preferred® Card

The Chase Sapphire Preferred® is a great starter card that earns Premium Ultimate Rewards that can be transferred into over a dozen partners many of which are US based including Hyatt, Southwest, United, IHG, and Marriott.

Welcome Offer

Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. 

Annual Fee


Points Earned

Transferrable Chase Ultimate Rewards

  • Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening.
    • That’s $750 when you redeem through Chase Travel℠
  • 5x on all travel purchased through Chase Travel℠
  • 3x on dining, including eligible delivery services for takeout & dining out
  • 3x on select streaming services
  • 3x on online grocery purchases
    • (excluding Target, Walmart and wholesale clubs)
  • $50 Annual Chase Travel Hotel Credit via Chase Travel℠
    • The begins immediately for new cardmembers and after your account anniversary for existing cardmembers
  • 2x on all other travel
  • 10% Anniversary Bonus
    • Every year you keep the card, your total spend will yield a 10% points bonus. If you spend $10k in a year, you’ll get 1k bonus points
  • Chase Sapphire Preferred continues to redeem at 1.25c in the Chase Travel℠ and the slew of other benefits remain in tact including Auto Rental Collision Damage Waiver ( primary ), purchase protections, etc.
  • Points are transferrable to 14 Ultimate Rewards partners
  • Redeem in Chase Travel℠ for 1.25 cents per point
  • No foreign transaction fees
  • Suite of Travel and Purchase Coverage
    • Auto Rental Collision Damage Waiver is my favorite
  • Get complimentary access to DashPass which unlocks $0 delivery fees and lower service fees for a minimum of one year when you activate by December 31, 2024
  • $95 Annual Fee

We keep an up to date spreadsheet that lists the best ever offers: You can find that spreadsheet here.

Historically 80k is a very, very good offer and hit in both 2022 and 2023. In 2021, we saw the offer hit an all time high of 100k. Who knows if that will ever come back.

Main Cast: 

Cards that earn flexible points and should be used on the bulk of your purchases.

Supporting Cast:

Cards that earn fixed points in the currency of the airline/hotel and can not be transferred at attractive rates. These cards yield benefits that make it worth keeping, but not necessarily worth putting a lot of your everyday spend on. 

The Chase Sapphire Preferred® is exceptional starter card and offers transferrable Ultimate Rewards, and pairs well with other Chase cards.

If you carry this card alongside Chase’s cashback cards like the Chase Freedom Flex®  and Chase Freedom Unlimited® or the business versions: Ink Business Cash® , Ink Business Unlimited® you can combine the points into Preferred account and transfer into hotel and airline partners

Annual fee is quite low at $95 a year + you get a 10% anniversary bonus on points + $50 hotel credit in Chase travel.

The responses below are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved, or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.

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