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Have an IHG Card? You Can Buy Points for Less Than 0.5 Cents Each

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    If you have a Chase IHG credit card, take a look at this exclusive promotion!

    Via Doctor of Credit, Chase IHG cardholders will get a 20% discount on the cash portion of a Points & Cash booking.  But this deal is only valid until September 30th, 2017.

    And you can use this discount to “buy” IHG points for cheap.  I’ll show you how!

    Stay at the Holiday Inn Resort Beach House in Hilton Head for Less With This Promotion

    Here’s what you need to know.

    20% Off Points & Cash Bookings for Chase IHG Cardholders

    Link:  Chase IHG Card

    Link:   IHG Hotels

    Link:   IHG Points & Cash Trick

    IHG has released another promotion exclusively for Chase IHG cardmembers!  For a limited time, you’ll get 20% off Points & Cash bookings.

    There is no direct offer link, but you should see the discount when you’re booking a Points & Cash reservation.

    Here are the details:

    This is an even better deal than the previous IHG Points & Cash promotion, which gave folks a 15% discount.

    Use This Promotion With the IHG “Points & Cash Trick”

    You can usually buy IHG points for between 1.15 and 1.35 cents each.  But by using the IHG Points & Cash trick, you can “buy” points for as little as 0.6 cents each!

    For example, you can book a room with Points & Cash at the Intercontinental Carlton Cannes for 40,000 IHG points plus $120.  This room normally costs 60,000 IHG points.

    But if you cancel your booking, you will NOT get a refund on the cash portion.  Instead, you’ll get to keep the points.  So you’re essentially purchasing 20,000 IHG points (60,000 IHG points – 40,000 IHG points) for $120.  That’s ~0.6 cents per point (20,000 IHG points / $120).

    Book a Points & Cash Stay at The InterContinental Carlton Cannes, and Cancel It to Buy Points at a Discount

    But if you use this promotion AND the Points & Cash trick, you’ll pay even less for your IHG points!

    During this promotion, you’ll get 20% off the $120 cost of the cash portion of the booking (~$96).  So you’re essentially buying those same 20,000 IHG points for ~$96, or 0.48 cents per point.

    If you’re comfortable using this method to buy IHG points, it’s a great way to use this limited-time promotion to “buy” IHG points you can use long after the promotion ends.  And for folks who have a Points & Cash stay planned anyway, this is a great discount!

    Note:   If you don’t have the Chase IHG card, you can currently earn 80,000 bonus points after spending $1,000 on purchases within the first 3 months of account opening.  And you’ll also get perks like a free night at ANY IHG hotel each cardmember anniversary.

    Bottom Line

    Until September 30, 2017, IHG is giving Chase IHG cardholders a 20% discount on the cash portion of Points & Cash bookings.  Just log-in to the IHG website, and you’ll see the discount during the booking process!

    You can couple this promotion with the IHG Points & Cash trick to buy points for less than 0.5 cents each!  IHG normally sells points for up to 1.35 cents each, so that’s an excellent deal.

    Will this promotion save you money on your upcoming travel?

    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! :)