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Leaked details of new IHG premium Chase card

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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
  • 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.

H/T DOC

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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Chase Sapphire Preferred® Card


4.8
4.8/5
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

60k Points after $4k spend in 3 months

Annual Fee

$95

Points Earned

Transferrable Chase Ultimate Rewards

  • 3x on dining
    •  including eligible delivery services for takeout
  • 3x on select streaming services
  • 3x on online grocery purchases
    • (excluding Target, Walmart and wholesale clubs)
  • 5x on all travel purchased through Chase Travel Portal
  • 2x on all other travel
  • $50 Annual Credit on hotel stays purchased via Chase Travel
    • The begins immediately for new cardmembers and after your account anniversary for existing cardmembers
  • 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 Portal and the slew of other benefits remain in tact including primary rental car insurance, purchase protections, etc.
  • Points are transferrable to 13 Ultimate Rewards partners
  • Redeem in the Chase Travel center for 1.25 cents per point
  • No foreign transaction fees
  • Suite of Travel and Purchase Coverage
    • Primary rental car coverage is my favorite

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.

4 Comments

  • Christian March 27, 2018

    There’s already some discussion online that the annual free night certificate MIGHT be limited to hotels with redemption costs of 40,000 points or less. (comments based on a conversation with a IHG CS rep) If this holds true it is a big devaluation at a higher annual fee of $89!

    • Miles March 27, 2018

      I’d still be a buyer if I could keep my current IHG card and stack benefits otherwise…limiting to just 40k point hotels is a massive deval.

  • Larry March 27, 2018

    My wife and I each have had the old IHG card over 8 years. Our anniversary free nights are timed less than 2 months apart so we love and don’t want to lose the ability to redeem for any IHG, Intercontinental, or Kimpton. We get 2 great nights each year for $49 each annual fee. If the fee increases for all to $89 we would be dissapointed but still pay it for nights that cost $300 to $900 per night. But if they restrict and remove top category redemptions that is the major benefit that separates and raises this IHG card above Marriott, and Hyatt cards.

    • Miles March 27, 2018

      Sounds like you’ve gotten an incredible amount of value from carrying. I’m not holding my breath on extending the top tier award night redemption, but fingers crossed.

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