We may receive a commission when you use our links. Monkey Miles is part of an affiliate sales network and receives compensation for sending traffic to partner sites, such as CreditCards.com and CardRatings. This relationship may impact how and where links appear on this site. This site does not include all financial companies or all available financial offers. Monkey Miles is also a Senior Advisor to Bilt Rewards. Terms apply to American Express benefits and offers. Enrollment may be required for select American Express benefits and offers. Visit americanexpress.com to learn more Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities.
The NEW IHG Rewards Club Premier Credit Card details are here
One of the very best cards you could possibly hold has long been the $49 annual fee IHG card from Chase. Sign up bonus aside…every cardholder got a free night in any IHG property in the world, it was an amazing bargain. Sunday, people noticed that the card had been removed from the Chase website – panic ensued. Was the card gone completely, or instead, would the rumor that a new card was coming prove to be true? Well…it was the latter, and we have the leaked details:
- $89 annual fee
- 80k bonus points after $2k spend
- 10k bonus points after spending $20k in a year and making one additional purchase
- Free Anniversary Night
- Platinum Elite status
- 20% discount when you purchase points
- 4th Reward night free when you stay 4+ nights
- 10x points at IHG
- 2x points dining
- Global Entry and TSAPre reimbursement
- 5k points by adding an authorized user
- No Foreign transaction charges
Thoughts:
Pertaining to current cardholders…
- What happens to current cardholders?
- Are they grandfathered?
- Targeted for upgrades?
- Cancelled at a certain point?
- If I keep the card will I still get my annual night, and my 10% back on redeem points?
- If they grandfather, will I be able to get the new version?
- Concurrently hold new and hold and stack benefits?
New Card
- Is this a new product, i.e. can I get it if I currently hold the $49 version?
- Solid sign up bonus of 80k
- Not a crazy annual fee $89 + get GE and TSA? Good deal
- Will the annual free night be valid at any hotel in the world?
- Would be great if they include all hotels, but perhaps they don’t fold in the newly acquired Regent hotels…
- Hopefully includes any Intercontinental
- 20% off purchased points
- Amazing deal…we just saw them on sale for half a cent…that’d make them 0.004 a cent
- 4th night free redemption is a great deal
- 70k is top tier…reduces that to just 52.5k a night on 4 night stays
- If you purchased points at $0.004 a point that means the most you’d pay is just $210 a night
- If you were targeted for the 10% off Ambassador retention offer you’d save another $21 a night…knocking a 70k point a night hotel to just $189 a night. Quite the steal. You’d need to stay 4 nights obviously
- If you purchased points at $0.004 a point that means the most you’d pay is just $210 a night
- 70k is top tier…reduces that to just 52.5k a night on 4 night stays
- NO 10% back on redemptions
- seems 4th night free has replaced this benefit
Seems like a great card to get if you’re over 5/24 and hold FOREVER…assuming the annual night can be used at dope hotels.
Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities.
Chase Sapphire Preferred® Card
Welcome Offer
Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening.
Annual Fee
$95
Points Earned
Transferrable Chase Ultimate Rewards
- 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, 2027.
- $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.