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IHG Rewards released their new PointsBreak list for hotels. Hotels on the PointsBreak list cost only 5,000 points for a night (the regular rate is 10,000 to 50,000 points)!
Unfortunately, I couldn’t find any hotels which fit in with my travel plans, but it is a terrific deal if you can find a hotel on the PointsBreak list!
You can get IHG Rewards points by:
- Using Cash & Points to buy points for 0.7 cents per point.
- Transferring Ultimate Rewards points from your Chase Sapphire Preferred, Chase Ink Bold, or Chase Ink Plus.
- Applying for the IHG Rewards credit card for 80,000 points. It also includes a free night every year, after your 1st year which makes up for the annual fee.
Usually, transferring points from Chase Ultimate Rewards to IHG Rewards is not the best value, but it certainly could make sense for hotels on the PointsBreak list. If you’re not averse to using the cash and points trick, you can use the cash and points trick to buy IHG Rewards points and then get a statement reimbursement of 1 cent per Ultimate Rewards points. This is a better value than redeeming Ultimate Rewards points directly for IHG Rewards points.
Don’t count on all the hotels on the PointsBreak list being available through October 31 2013, because hotels may sell out and can be removed from the list at any time.
It doesn’t hurt to make a booking using points, because you can usually cancel them without a penalty (but read the cancellation policy before booking).
PS: I’m on vacation until September 10, 2013, so won’t be able to get to the comments quickly.