Flash Sale: IHG Points from 0.45 Cents with Points & Cash Promotion
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While it isn’t the most valuable hotel loyalty program out there, you can still get plenty of value out of IHG Rewards. TPG’s latest valuations peg IHG points at 0.6 cents apiece, but you can get a lot more value out of them at a number of hotels and through promotions like PointBreaks.
And now through midnight Saturday, targeted members can generate IHG points for as little as 0.45 cents per point using a Points & Cash promotion. Here’s how it works.
IHG Points & Cash bookings are billed as a way to book a hotel stay when you don’t have enough points. Instead, you pay for the stay partially with points and partially with cash. If you need to cancel the stay, you don’t get any of the cash portion back. That amount is “converted” to points and refunded to your IHG Rewards Club account. In other words, you can effectively buy IHG points through the Points & Cash redemption option, with rates as low as 0.6 cents per point.
This hasn’t been necessary as of late, given the program’s excellent 100% bonuses on purchases of IHG points, which drops the purchase price to just 0.5 cents apiece. Why go through the rigamarole of “buying” points through Points & Cash when you could just buy inexpensive points through Points.com? Well you now have a reason, since this flash sale offers 20% off the cash portion of Points & Cash bookings and thus drops the potential purchase rate of IHG points as low as 0.45 cents each.
- Save 20% off the cash portion of the booking
- Book by October 20, 2018
- Stays now through December 20, 2018
- The Venetian and The Palazzo hotels are excluded
Unfortunately, this promotion is targeted and neither Katie or I drew the lucky straw. The only way of knowing for sure whether or not you’re targeted is to log into your account and search for a Points & Cash award. If the search results look like this, you’re not targeted:
If the cash prices have a strike-through with a lower price, you’re targeted for this promotion.
However, your search is just beginning. Not all hotels have the same Points & Cash discount rate. So you’ll the trick is to search around to find a hotel with a low enough rate. In our hunting here at TPG, the best rate that we could find is a 0.47 cents per point rate at a few IHG properties in Orlando, including the straight-forwardly-named Holiday Inn Express & Suites Nearest Universal Orlando:
And by putting this purchase on your IHG Rewards Premier Credit Card, you’ll get 10x IHG points from the purchase. In this example, you’ll get 15,000 points from the Points & Cash booking plus 710 points from the IHG purchase for a total of 15,710 points at a cost of $71 for a net rate of 0.45 cents per point.
If you don’t already have the IHG Rewards Premier Credit Card, you can currently get a sign-up bonus of 80,000 IHG points after you spend $2,000 on purchases in the first three months from account opening plus an additional 40,000 bonus points after spending a total of $5,000 on purchases within 6 months of account opening. You’ll also get 10x points on IHG purchases, automatic Platinum Elite status (which I’ve used to get numerous suite upgrades in my travels) and a free night on your cardmember anniversary.
Of course, if you’re targeted for this promotion you could also simply book a room and save some of your points for a future redemption. Simply login to your account and search for your stay. But hurry! The promotion ends Saturday October 20.
While this promotion is an ever-so-slightly cheaper way of accumulating IHG points, a simpler route if you’re looking to boost your account balance would be to purchase IHG points outright at 0.5 cents apiece through Points.com. And you don’t have the deadline of October 20 by which to act. Instead, that promotion runs through October 31.
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