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Until August 18, 2014, you can earn a 60% bonus when you purchase at least 10,000 points from IHG hotels.
You can purchase a maximum of 60,000 points through this deal, and you have to buy them online (not over the phone) to get the bonus.
Is This A Good Deal?
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Normally, IHG charges the following prices for their points (which must be purchased in multiples of 1,000):
- 1,000 to 10,000 points: $13.50 per 1,000 points (1.35 cents each)
- 11,000 to 25,000 points: $12.50 per 1,000 points (1.25 cents each)
- 26,000 to 60,000 points: $11.50 per 1,000 points (1.15 cents each)
With this deal, you get a 60% bonus as long as you buy at least 10,000 points. For example, if you buy 10,000 points, you’ll pay $135 but you’ll get a 6,000 point bonus (10,000 x 60%).
So you’re getting a total of 16,000 points for $135. That works out to ~0.84 cents per point ($135 / 16,000).
The deal gets even better if you buy more points, because the cost goes down the more you buy. Between 26,000 and 60,000 points, you’ll pay $11.50 per 1,000 points.
If you bought the maximum of 60,000 points, you’d pay $690, but you’d get a 36,000 point bonus (60,000 x 60%).
You’re getting a total of 96,000 points for $690, which equals ~0.72 cents per point ($690 / 96,000).
This could be quite a good deal, especially if you need to top-off your points balance for a special trip.
And if you use points towards IHG PointBreaks rooms, which only cost 5,000 points per night, you’ll get a very good deal. At ~0.72 cents per point, a PointBreaks room only costs ~$36 per night (5,000 points x ~0.72 cents per point).
Keep in mind that if you want to buy points at ~0.72 cents per point, you’ll have to buy at least 26,000 points. So you could use some toward a PointBreaks room and save the rest for another trip.
If you buy the minimum points for the deal (10,000), you’ll pay $135 and get an extra 6,000 points from the bonus. If you used the 10,000 points for 2 nights in a PointBreaks room (5,000 points per night) it’s like paying ~$68 per night ($135 cost of points / 10,000 points). That’s still a very good deal, especially for expensive hotels in Europe.
Then you’d still have 6,000 points in your account, which have a value of ~$43 (6,000 points x ~0.72 cents per point).
Note: If you just want IHG points for regular hotel stays (not PointBreaks rooms), this is still a better deal than transferring Chase Ultimate Rewards points to IHG. That’s because Chase Ultimate Rewards points are usually more valuable when transferred to other partners, like Hyatt or Southwest.
Can’t You Buy IHG Points More Cheaply Using the Cash and Points Trick?
Ther are ways to buy IHG points for slightly cheaper than this deal. I’ve written about the IHG cash and points trick, which involves paying for a reservation with cash and points, then cancelling it and getting the cash portion back as points.
Using this method, you can “buy” IHG points for 0.7 cents per point, which is marginally better. But some folks aren’t comfortable using this loophole to buy discounted points, so purchasing points through the promotion would be a better deal for them.
As always, do what’s comfortable for you! I think I’d rather buy the points directly in this case and save myself the hassle of making, then cancelling, a reservation to get cheaper points.
Until August 18, 2014, you’ll get a 60% bonus when you buy IHG points online. You have to buy at least 10,000 points (and a maximum of 60,000) and you’ll pay between ~0.72 and ~0.84 cents per point, depending on the amount you buy.
This is a good deal if you need points to top-off your account, or want to book a PointBreaks room for only 5,000 points per night.
There’s another method of getting cheap IHG hotel points, but not everyone is comfortable using the trick involved!
Will you buy points through this promotion? How will you use them?