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Today Only: Save Money on IHG Rewards Points!

Today Only: Save Money on IHG Rewards Points!

Million Mile SecretsToday Only: Save Money on IHG Rewards Points!Million Mile Secrets Team

We devote thousands of hours of research to help you get Big Travel with Small Money. You support us by signing-up for credit cards through partner links which earn us a commission. Here’s our full Advertising Policy.

Today only at 1:00 pm EST, you can buy discounted IHG Hotels points from Daily Getaways, and redeem them for hotel award nights at any IHG brand hotel worldwide.

From May 19, 2014 to June 20, 2014, a new travel deal will be available every weekday at 1:00 pm EST.  But you have to be quick to get in on the deals, because they usually sell out very fast!

Today Only Save Money On IHG Rewards Points
Save Money on Hotels, Rental Cars, and More With Daily Getaways

Daily Getaways is a promotion sponsored by the US Travel Association and American Express.  You can buy discounted hotel and car rental points, and get cheap tickets to theme parks and other events.

And you’ll save an additional 10% if you use your American Express card.

Deal for May 26, 2014 – IHG Hotel Points

Link:   Daily Getaways Calendar

Link:   15,000 IHG Points for $100 ($90 With AMEX Card)

Link:   25,000 IHG Points for $167 (~$150 With AMEX Card)

Link:   50,000 IHG Points for $325 (~$293 With AMEX Card)

Link:   100,000 IHG Points for $630 ($567 With AMEX Card)

 Today’s deals are for IHG points, which can be used at any IHG hotel:

The deal goes live today at 1:00 pm EST, so you’ll need to have the site loaded on your browser and ready to click on the deal just prior to that time.  There are only a few thousand deals available, so they tend to sell out quickly.

And if you don’t have an IHG account, you should create 1 before the deal goes live because you’ll need your account number to make the purchase.

Is This a Good Deal?

IHG normally sells points for 1.15 to 1.35 cents per point, which isn’t great.  But with this deal, you’re buying IHG points for 0.63 to ~0.67 cents per point.

For example, if you bought 100,000 IHG points for $630, you’d pay 0.63 cents per point ($630 cost of points / 100,000 points).  And if you used your American Express card, you’d pay ~0.57 cents per point ($567 cost of points / 100,000 points).

If you use the Cash & Points trick, you can buy IHG points for .7 cents per points.

With this deal, you’re buying IHG points for .63 to ~.67 cents per point. So you’d save as much as ~.67 cents per IHG point (~1.3 cents per IHG point – as low as .63 cents per point with this deal).

And you’d save up to .07 cents per point compared to using the Cash & Points trick (.7 cents per point with the Cash & Points trick – as low as .63 cents per point with this deal).

So it could be worth it if you’re not comfortable with the Cash & Points trick!

The 100,000 point package is the best value.  You can buy up to 3 sets of IHG points, for a maximum of 300,000 points.  And you have to have an IHG account before the deal goes live.

So will you save money buying points to redeem for award nights instead of paying cash for a room?  I did some random searches to find out.

1.   Intercontinental Bora Bora Resort & Thalasso Spa

A night in an overwater bungalow (where we stayed!) at the Intercontinental Bora Bora Resort and Thalasso Spa on August 23, 2014 costs 50,000 IHG points.  You can buy the points through the Daily Getaways deal for $325, or $293 if you use your American Express card.

Today Only Save Money On IHG Rewards Points
An Overwater Bungalow at the Intercontinental Bora Bora Resort & Thalasso Spa Costs 50,000 Points per Night

The cheapest paid rate (non-refundable) for the same bungalow on the IHG website is 73,853 French Pacific Francs, or ~$849 (!!!) including taxes.

Today Only Save Money On IHG Rewards Points
You’ll Pay ~$849 a Night If You Book This Villa on the IHG Website

In this case, it’s much cheaper to buy the points through the Daily Getaways deal ($325 or ~$293 if you use your American Express card).

You’ll save $524 to $556 (~$849 room cost on IHG website – ~$293 Daily Getaway cost with an American Express card).  That’s an amazing deal!

I checked Kayak to compare and the cheapest rate (through Getaroom.com) was ~$928 including taxes and fees!

Today Only Save Money On IHG Rewards Points
Kayak Was Even More Expensive at ~$928 per Night! You Can Save $556 With the Daily Getaway Deal

Either way, using IHG points from Daily Getaways in this case is a great deal!

2.   Staybridge Suites Austin Airport

A room at the Staybridge Suites Austin Airport on August 11, 2014, costs 15,000 IHG points.  You can buy the points through the Daily Getaways deal for $100, or $90 if you use your American Express card.

Today Only Save Money On IHG Rewards Points
A Room at the Staybridge Suites Austin Airport Costs 15,000 IHG Points or $90 If You Bought Points Through Daily Getaways

The cheapest paid rate (non-refundable) for the same room on the IHG website is ~$152 including taxes.

Today Only Save Money On IHG Rewards Points
You’ll Pay ~$152 for the Same Room on the IHG Website

In this case, it’s much better to use points from the Daily Getaways deal.  You’ll save $52 ($152 cash price – $100 cost of points).  Or $62 if you use your American Express card ($152 cash price – $90 cost of points).

I double checked with Kayak and the cheapest non-refundable rate was $140 through Priceline.

Today Only Save Money On IHG Rewards Points
The Same Room Booked on Priceline Is ~$140, so IHG Points Are Still the Cheaper Option

You’ll still save $40 to $50 on this room by using IHG points from the Daily Getaways deal.

Another great use of IHG points is using them for PointBreaks rooms.  These rooms only cost 5,000 points per night.  You could get 20 nights for 100,000 IHG points ($630 or $567 with American Express card).  That works out to ~$29 to ~$33 per night (if you can find a hotel on the PointsBreaks list that interests you!).

What Else Can You Do With IHG Points?

IHG points can be transferred to certain airlines like Delta, United Airlines, and Alaska airlines at a 1:5 ratio, but that’s not a very good deal.

For example, you could transfer 100,000 IHG points to get 20,000 United Airlines miles.  You’d pay $630 ($567 with American Express card).

Today Only Save Money On IHG Rewards Points
You Can Transfer IHG Points to Airlines Like United Airlines but That Usually Is NOT the Best Use of IHG Points

20,000 United Airlines miles isn’t even enough for a low-level round-trip domestic coach ticket!  You’d probably spend less on a paid ticket.  But if you needed to top-off your frequent flyer account with a few miles, this could be a good deal.

Bottom Line

With today’s Daily Getaways, you can buy IHG hotel points for 0.63 to ~0.67 cents per point.  And if you use your American Express card, you’ll get an additional 10% discount.

If you want to use the points for a hotel stay, check the cash price of the hotel 1st before you buy points.  In many cases it’s could be a very good deal!  Do the math to see if it makes sense for you.

And it’s not worth it to transfer IHG points to airlines, even with this deal.  Only do it to top-off your account for an award ticket.

Remember, the deal goes live at 1:00 pm EST today.

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Editorial Note: We're the Million Mile Secrets team. And we're proud of our content, opinions and analysis, and of our reader's comments. These haven’t been reviewed, approved or endorsed by any of the airlines, hotels, or credit card issuers which we often write about. And that’s just how we like it! :)

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I was ready with membership # & card in hand at 10:00 PT/1:00ET, and it had already sold out…any advice for the opportunity next week? Thanks so much.

Author
Million Mile Secrets

@nmg – Keep trying because they are sometimes put back in the cart.

One last thing, it isn’t really “today only”, they are having the same promo June 5th…

Author
Million Mile Secrets

@Lexi @jethro @xyctle – Fixed!

Also in error, double the $ or halve the points:

“You could get 20 nights for 100,000 IHG points ($325 or $293 with American Express card)”

I believe you airline transfer example ie. 20k airline miles for $325 is in error……..

Oops -you sent out a version full of editorial comments!