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IHG Premier credit card review: All-time high 140,000-point bonus still available

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IHG Premier credit card review: All-time high 140,000-point bonus still available

Joseph HostetlerIHG Premier credit card review: All-time high 140,000-point bonus still availableMillion Mile Secrets Team

Signing up for credit cards through partner links earns us a commission. Terms apply to the offers listed on this page. Here’s our full Advertising Policy.

If you like the convenience of staying at a Holiday Inn Express, but want to the option to stay at luxury InterContinental hotels, then the IHG® Rewards Club Premier Credit Card is the right hotel credit card for you. Right now, it comes with 140,000 IHG points after meeting the minimum spending requirements. To be clear, this is not the standard offer for this card, which is often as low as 80,000 points. This massive bonus has been around for nearly three months and it won’t last forever, so now is an excellent time to apply.

Apply for the IHG Rewards Club Premier Credit Card here.

The Chase IHG Premier also has solid perks beyond the intro bonus, like the card’s fourth night reward benefit, which we’ll talk about more in a bit. Let’s review this card so you can decide if it’s the best travel credit card for your situation.

IHG Premier credit card review

Who is the IHG Credit Card for?

There are 5,500+ IHG hotels around the world, so there’s a good chance that there is an IHG hotel where you want to travel to next. You can use your IHG points to book nights at these brands:

So with this card, you can earn IHG points that can be used just about anywhere in the world you might be headed. But this is a Chase credit card, which means it is subject to the Chase 5/24 rule and you won’t be approved if you’ve opened five or more credit cards from any bank in the past 24 months (excluding most business credit cards). You’ll want to balance your choice to apply for this card with the other rewards credit cards you might be limiting yourself from opening.

Current bonus

With the Chase IHG Premier, you can earn 140,000 bonus IHG points after spending $3,000 on purchases within the first three months of account opening. We estimate an IHG point’s value to average 0.5 cents each, meaning you should have little trouble receiving $700 from this bonus. The card has an $89 annual fee that isn’t waived the first year.

Benefits and perks

This is one of the best cards for earning IHG points, with it you’ll earn points at the following rates:

  • 10 points per dollar at IHG hotels
  • Two points per dollar at restaurants, gas stations and grocery stores
  • One point on all other purchases

Below are some other solid card benefits.

Elite Status

Chase IHG Premier cardholders receive automatic Platinum IHG status, which comes with:

  • Late checkout, subject to availability
  • No expiration date on points
  • Priority check-in
  • 50% points bonus on paid stays
  • Welcome amenity (typically bonus points or a food/drink voucher)
  • Guaranteed availability on paid rooms with 72 hours of notice (conditions apply)
  • Complimentary room upgrades (conditions apply)

The most valuable perk of Platinum Elite Status is complimentary room upgrades. There are a few exceptions (they aren’t available on award night stays and exclude suites), but anyone who frequently stays at IHG properties can save quite a bit of money with this perk throughout the year. Cardholders who make the most of their Platinum Elite status each year can make up for the $89 annual fee with this benefit alone.

Fourth night reward

If you frequently book longer hotel stays, this benefit could potentially be worth thousands of dollars. IHG Premier cardholders get a reward night when redeeming points for any stay of four or more nights. The process for booking is simple — a points discount is automatically applied during the reservation process.

Let’s say you book a six-night stay at the Hotel Indigo Hong Kong Island, which starts at 25,000 points for a standard room. You’ll end up saving 25,000 points, which is worth $125 according to our estimate of IHG points value.

This is another perk that makes up for the card’s annual fee all on its own.

Anniversary Reward night certificate

Each year when you renew your card, you’ll earn an Anniversary Reward night certificates valid at any participating IHG property costing 40,000 or fewer points per night. Unfortunately, some of IHG’s top hotels are excluded from eligibility. However, you can still find a lot of great locations to redeem your night at, such as the InterContinental Budapest.

Bonus points earning opportunity

Cardholders earn 10,000 bonus points after spending $20,000 (and making an additional purchase) on the card each year. This is still a nice perk for anyone who spends regularly on hotel stays with the IHG card each year.

Global Entry or TSA PreCheck application fee credit

You’ll receive a statement credit up to $100 every four to five years when you use your card to pay for your TSA PreCheck or Global Entry application fee (up to $100). It’s rare for a card with such a low annual fee to offer this benefit to cardholders, which makes it an excellent perk.

How to redeem IHG points

You can book any available award night through the IHG website. IHG advertises that there are no blackout dates on award nights, but in my personal experience this isn’t always the case.

IHG has announced plans to introduce variable pricing for award nights and since then the most expensive award nights have gone up to 100,000 points per night. However, right now only a small handful of hotels located outside the U.S. are actually charging that much. Almost all locations cost 10,000-70,000 points.

You can also stretch your points by booking Points & Cash nights. But if you want to go this route, be sure to compare the cash price of the hotel to the Points & Cash rate to make sure you’re getting a good deal for your points.

Points & Cash rates can give you flexibility in how you redeem your IHG points, but they aren’t always the best deal.

You can also use IHG points for a variety of other rewards, like gift cards, digital downloads or you can convert them into airline miles. But the value you can get from these other options is not good compared to booking a free night.

The unofficial IHG award chart starts at 10,000 IHG points for a free night at the lowest category hotels and up to 100,000 IHG points for a top-tier property. You could use the bonus to splurge on a couple free nights at the InterContinental Le Moana Bora Bora, which can easily cost $650+ per night or you can get multiple free nights in France at the Holiday Inn Lyon-Vaise, which can cost $100+ a night during peak season. No matter what your travel style is, you can receive great value from this bonus.

Is the annual fee worth it?

For most people, the reward night certificate alone is worth the card’s annual fee. Most of these hotel stays are worth more than the $89 annual fee, making it an easy choice to keep paying the annual fee and taking all the other card benefits as the cherry on top.

Don’t let the 40,000 IHG point limit bother you, because there are plenty of great IHG hotels that are within this limit. I stayed at the InterContinental Hotel Saigon, which is a five-star hotel in downtown Ho Chi Minh City, Vietnam, complimentary with an anniversary reward night certificate (it normally costs 40,000 IHG points per night).

Also, just for keeping this card open you will earn automatic Platinum IHG status. There is no minimum spending to achieve this perk.

Insider tips

You are not eligible for this card if you currently have it or you have earned the bonus on it in the past 24 months. But if you have the old Chase IHG Rewards Club Select card (no longer open to new applicants), you can still qualify for the Chase IHG Premier card because it is considered a different product. And both card’s come with an anniversary reward night certificate valid at hotels costing up to 40,000 points per night.

Bottom line

The current offer for the Chase IHG Premier card is a great opportunity to stock up on IHG points. Once you’re approved for the card, you can earn 140,000 IHG points after meeting minimum spending requirements. That’s more than enough points for a complimentary night at an expensive resort. Or you could use those points to cover your hotel stay for a week or more of vacation at cheaper IHG hotels.

The card has an $89 annual fee, but with perks like the Global Entry or TSA PreCheck application fee reimbursement, anniversary reward night certificate and reward night when you redeem points for any stay of four or more nights, it’s worth keeping year after year.

Apply here for the Chase IHG Premier credit card.

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Featured photo by Patrick Cooper/Shutterstock.

Chase Sapphire Preferred® Card

Chase Sapphire Preferred® Card

  • Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 toward travel when you redeem through Chase Ultimate Rewards®
  • 2X points on travel and dining at restaurants worldwide & 1 point per dollar spent on all other purchases.
  • Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards. For example, 60,000 points are worth $750 toward travel
  • Get unlimited deliveries with a $0 delivery fee and reduced service fees on orders over $12 for a minimum of one year on qualifying food purchases with DashPass, DoorDash's subscription service. Activate by 12/31/21.
  • Earn 5X points on Lyft rides through March 2022. That’s 3X points in addition to the 2X points you already earn on travel.

More Info

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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In the Terms document it says “Chase cardmembers who currently have or have had a Chase credit card in any Rewards Program associated with this offer, may not be eligible for a second Chase credit card in the same Rewards Program. ” But there are people who say they received the bonus for the new Premier card while still keeping their old $49 AF card. Can you clarify?

Are you able to Stack the new IHG Rewards card benefits with holders of the old IHG Rewards card. To be specific, if I get the New IHG Rewards Card and retain my existing card will I:

1. Get two free anniversary nights paying both the $49 annual fee on my existing card and then the $89 annual fee on the new IHG card? (I realize the free anniversary night on the new IHG card applies on the first year anniversary).

2. Receive a 10% reward rebate from the old card PLUS the fourth night free with the new IHG card. To clarify:

I redeem an award stay for three nights at 30,000 points per night for a total of 90000 points. At the end of the stay I receive a 9000 point rebate. Net cost 81,000 points.

I redeem an award stay on a different occasion at the same hotel for 4 nights. Total again is 90,000 points (fourth night free). Would I also receive a 10% rebate from my old card, bringing the net cost to 81,000 points?

Thanks for your reply.

Yes, I have received all those things and I have both cards! I did four nights not long ago, 45000 points (3×15000) – and then got 4500 as a rebate, bringing the total to just 40500 for the four nights.

Just be sure to put any hotel charges (restaurant, parking, dry cleaning) on the Premier card, since it gives 10 points per dollar instead of 5. Also, even though I don’t use the old card for hotel charges, I make sure to make some sort of small transaction on it every few months so Chase doesn’t decide it’s dormant and cancel it.

There’s an unaffiliated link that additionally offers a $50 statement credit.

Can I apply from Canada? I am Canadian

Hi Jeanette!

Do you have a credit score here in the US? If you do I would venture a guess and say you have a chance. Without a credit score it would be difficult, at best, to be approved for the credit card.

Can I still keep my old Chase IHG card with the better anniversary option if I open this card? Chase has offered to upgrade my old IHG card but I do not want to lose its benefits. Thanks.

Hi Philip,

Yes, you can! Here’s one of our news articles covering this question:

https://millionmilesecrets.com/news/eligible-for-ihg-premier-bonus-with-chase-ihg-card/

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