IHG Rewards has just launched another best-ever promotion for buying points. Through Sept 24th 2019, members can purchase points with a 100% bonus. You simply have to buy 7,000 or more IHG points to get your 100% bonus.
When you buy at least 26,000 points, your effective purchase price drops to just 0.5 cents apiece!
Why is This an Awesome Deal?
IHG often run PointsBreaks to redeem for a night as little as 5,000 IHG points. At this rate, you can snag PointBreaks hotels for as little as $25. Yes, you can score a hotel for just $25, no gimmicks! There are also PointsBreaks that require 10,000 and 15,000 IHG points; your effective cost per night staying at those properties will be $50 and $75 respectively, per night.
For example, The Intercontinental Sao Paulo is retailing at $278 + tax per night. This is a property under PointBreaks for 15,000 points per night, which means it will cost you $75 for a night's stay if you buy the IHG points and use them for redemption. A huge savings indeed!
Click here for a complete list of PointsBreaks hotel.
Often during my travel, I have booked hotels at the last minute and the price has been high. Here is a good scenario where using points may actually be cheaper. For example a stay at The InterContinental London Park Lane this weekend cost £547. You could use 70,000 IHG points to redeem your stay, which would cost you just $350 (or £281).
As a general rule of thumb, I advise you to make a comparison between the selling price of your desired hotel and the cost of redemption (stated redemption rate * 0.50 US cent) before you make a points purchase.