Signing up for credit cards through partner links earns us a commission. Here’s our full Advertising Policy.
Update: One or more card offers in this post are no longer available. Check our Hot Deals for the latest offers.
There’s been a ton of excitement over yesterday’s launch of the new massive welcome bonus on the IHG® Rewards Club Premier Credit Card. After meeting tiered minimum spending requirements, you can earn up to 120,000 IHG points – an unprecedented offer!
However, if you’re like me and have the old IHG Rewards Club Select Credit Card (no longer available to new applicants), you might think you’re not eligible for the highest offer ever on the IHG® Rewards Club Premier Credit Card. But that’s not true!
As long as you haven’t opened 5+ credit cards from any bank (except certain business cards) in the past 24 months, you can qualify for IHG Rewards Premier card, even if your old Chase IHG card is still open. And that means you’ll get the benefits and perks from both cards – a nice double dip!
Here’s why it could make sense for you to get the IHG® Rewards Club Premier Credit Card, even if you’ve got the old version.
Apply for the IHG Rewards Club Premier Card (Even If You Have the Old Chase IHG Card)
Apply Here: IHG® Rewards Club Premier Credit Card
Folks with the old Chase IHG Rewards Club Select card (no longer open to new applications) might ignore the exciting new bonus on the IHG® Rewards Club Premier Credit Card because they don’t think they qualify. That’s not the case at all.
The old IHG Rewards Club Select and the new Chase IHG Premier card are considered different card products. So you’re eligible for the bonus even if your old Chase IHG card is still open. Lots of us continue to keep the old IHG card because it has a low $49 annual fee and excellent perks like a 10% rebate on redeemed points.
You qualify for the new IHG Premier card if you’re below Chase 5/24 (you haven’t opened 5+ credit cards from any bank in the past 24 months, excluding certain business cards), as long as you don’t currently have this exact card and/or haven’t earned the bonus on it in the past 24 months.
And the IHG Premier card is definitely worth considering right now. With the highest-ever offer on the card, you’ll earn up to 120,000 IHG points after meeting tiered minimum spending requirements:
- 80,000 IHG points after spending $2,000 on purchases within the first 3 months of account opening
- An additional 40,000 IHG points after spending another $3,000 on purchases ($5,000 in total) within the first 6 months of account opening
The card has an $89 annual fee, NOT waived the first year.
The Chase IHG Premier card also comes with some nice benefits you won’t get with the old Chase IHG card, like:
- 4th night free on award stays of 4+ consecutive nights
- TSA PreCheck or Global Entry fee reimbursement up to $100 every 4 years
- 20% discount on IHG points purchases
- 10,000 bonus IHG points after spending $20,000 on purchases and making 1 additional purchase in an account anniversary year
Both the old Chase IHG card and the new IHG Premier card come with Platinum elite status and an anniversary free night certificate valid at IHG hotels costing 40,000 points or less. With either card, these perks make it well worth keeping and can more than offset the annual fee.
Noooo! Don’t Upgrade Your Old Chase IHG Card and Miss Out on This Bonus
Some folks (including me) have received emails or mailers offering 5,000 bonus IHG points to upgrade their old Chase IHG Rewards Club Select card to the new Chase IHG Premier card. It’s not worth it for most, and doing so will lock you out of earning the big sign-up bonus on the new Chase IHG Premier card.
I’d sure prefer 120,000 IHG points over a measly 5,000!
There are a few other reasons why you should not upgrade your old Chase IHG card:
- Your annual fee will increase from $49 to $89
- You’ll no longer receive a 10% rebate on award redemptions (up to a maximum rebate of 100,000 IHG points per year)
- Any uncapped free anniversary night certificates in your account will be capped at 40,000 IHG points if you convert (you can use anniversary certificates issued before May 1, 2019, at any IHG hotel, even crazy expensive resorts)
Having both cards, on the other hand, means you can stack the benefits from each. So you’d earn 2 anniversary nights per year and be able to combine the 4th night free on award stays from the new version with the 10% points rebate from the old card.
The only reasons I’d see to upgrade is if:
- You want to avoid adding another card to your Chase 5/24 count and really want the 4th night free on award stays, or;
- You don’t qualify because you’re well over 5/24 but really prefer the perks on the new IHG Premier card (and don’t mind the increased annual fee)
In any case, don’t discount the new increased bonus on the IHG® Rewards Club Premier Credit Card if you’ve got the old card. You can still qualify.
Folks who kept the old IHG Rewards Club Select Credit Card shouldn’t ignore the huge new welcome bonus on the IHG® Rewards Club Premier Credit Card. Because these are different card products, you’re able to have both.
There’s never been an offer so high for the IHG Premier card. You’ll earn up to 120,000 IHG points after meeting tiered minimum spending requirements, plus get benefits and perks like an anniversary free night at IHG hotels costing 40,000 points or less, Platinum elite status, a 4th night free on award stays of 4+ consecutive nights, and TSA PreCheck or Global Entry fee reimbursement.
Don’t make the mistake of upgrading your old card to the new version if you’ve received an offer to switch products and earn 5,000 IHG points. Except in very specific cases, it doesn’t make sense – you’re better off keeping your old card and applying for the new IHG Premier card instead to earn the big bonus.
Have you got the old IHG Rewards Club Select card? Will you consider this new bonus on the IHG Rewards Club Premier? I’m definitely very tempted.