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Double Dip: You’re Eligible for the Whopper IHG Premier Bonus Even If You Still Have the Old Chase IHG Card

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Double Dip: You’re Eligible for the Whopper IHG Premier Bonus Even If You Still Have the Old Chase IHG Card

Jasmin BaronDouble Dip: You’re Eligible for the Whopper IHG Premier Bonus Even If You Still Have the Old Chase IHG CardMillion Mile Secrets Team

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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!

Yes, You Can Earn the IHG Premier Welcome Bonus Even If You Have the Old Chase IHG Card – and Use the Points for a Stay at Luxury Hotels Like the InterContinental Dublin

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

Read our review of the IHG Rewards Club Premier 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.

With the Increased IHG Premier Welcome Bonus, You Could Get 3 Nights at the Holiday Inn Express Waikiki in Honolulu

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!

Upgrading Your Old Chase IHG Card to the New Version for 5,000 IHG Points Rarely Makes Sense

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.

Bottom Line

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.

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 lucky to be able to get the old card months before they closed it to new applicants and I got the new premier as well (got my 80K points but waiting for my 40K to post).

Question: since I have both cards, if I book 4 nights with just points, I get the 4th night free because I have Premier card (example: for 40K/night resort, it will be just total of 120K points for 4 nights). Will I automatically get the 10% rebate for points used? Thus, should I expect 12K back in my points in this scenario?

Quick question I’m about to apply for the premier and I have the old card, do I need to have another rewards number card or can I use the same on I already have (I am afraid of IHG telling me I only get 1 free night every year, instead of 2)

Any idea how long this offer will last?

I have the Premier card – received 50K points after completing spend of $2500. Any possibility that I could get the additional 30K points if I message them?

Jason Stauffer

It doesn’t hurt to ask if they’ll match you to the new offer, but there’s no guarantee. How long ago were you approved for the card? If it was a recent approval you’ll have a better chance.

So I have both IHG cards and I’ve been a little confused on the points purchase redemption stuff.

OLD IHG – 10% rebate on redeemed points

NEW IHG – 20% discount on IHG points purchases

So I use the new IHG card to buy, let’s say, 100,000 points. I only get charged for 80,000 points or I get a bonus 20,000 points?

Now I redeem those 100,000 points for a 3 night 25,000 a night point stay (with free bonus 4th night). Do I have to use the old card to confirm that stay to get the 10% redemption on points?

Author

Hi Riley – Because you have the new IHG Premier card, you’ll get a 20% discount on the price of the points you buy (it’s not a points bonus). Keep in mind you can’t stack this discount with IHG points promotions unfortunately.

You don’t have to use the old card to get the 10% redemption rebate, it should come automatically if you still hold the card.

So when they have those 100% points purchase bonuses, if I buy, say, 50,000 points (to get 100,000 points) for $500 then I’ll just pay the $500 and not get it for 400 dollars.

Author

Hi Riley – That’s correct, if they’re having a buy points promo you can’t stack the 20% off with the deal.

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