IHG Rewards Club Premier Credit Card

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Chase IHG® Rewards Club Premier Credit Card

ⓘ $840
1st Yr Value Estimate

140K Points
140K after $3K in the first 3 months
Click here to learn how to apply

No Annual Fee First Year, Then $89

This card is subject to Chase's 5/24 rule (click here for details).

Recent better offer: None.

FM Mini Review: Good signup bonus. Keep only if you value the 40K annual free night and/or 4th night free awards.

Card Type: Mastercard World Elite

Base

1X
(0.65%)

Dine

2X
(1.3%)

Gas

2X
(1.3%)

Grocery

2X
(1.3%)

Brand

10X
(6.5%)

Earning rate: 10X IHG ⚬ 2X gas, grocery, and restaurants.

Big spend bonus: 10K bonus points after you spend $20K in a cardmember year + make one additional purchase

Noteworthy perks: Annual free night e-certificate good at IHG properties up to 40K points per night ⚬ Fourth night free on award stays ⚬ 20% discount on points purchases ⚬ Platinum elite status.

Overview

The Chase IHG Premier card offers 10X points at IHG; 2X gas, grocery, and restaurant; and 1X everywhere else. But, since points tend to be worth much less than 1 cent each, I don't recommend using this card for spend. This card can be decent for its perks alone:

Annual free night e-certificate good at IHG properties that cost up to 40,000 points per night
Fourth night free on award stays
20% discount on points purchases
Automatic Platinum elite status
10K bonus points with $20K annual spend + 1 additional purchase (probably not worth it)

A free night at hotels that charge up to 40K points can be a good deal for $89, though that will depend on where you tend to travel. If you often book award stays in 4-night increments, the fourth night free on award stays could save you a lot of points. Keep in mind the points & money bookings do not qualify for the fourth night free.

Overall, this card is OK if you're interested in the free night certificate or the 4th night free awards, but otherwise not worth keeping and certainly not worth spending on (even with the 10K bonus for big spend).

Application Tips

Chase Application Tips

Shut-Down Caution: Signing up for new Chase cards can lead to Chase reviewing your accounts. This may lead to Chase shutting down all of your accounts if you appear to be a credit risk. See this post for details and recommendations: Why Chase shutdowns have increased and how to avoid them.
5/24 Rule: With most Chase cards, you won't get approved if your credit report shows 5 or more cards opened in the past 24 months. Details here.
24/48 Month Rule: With most Chase cards, you can get the same card and bonus again 24 months after having received the bonus as long as you no longer have the card open. With Sapphire cards, you must wait 48 months. No wait is required for Chase Ink cards.
30 Day Rule: It is tough to get approved for more than 2 Chase cards within 30 days
Get Same Card Again: You can get the same exact card and again if you first cancel the older card and follow the 24/48 month rule. Ink cards are OK to get again without cancelling previous card if you apply with a new business.
Better Offers: You may be able to get a better offer than the best available public offer. Details here.
Hard inquiries combine into 1 when approved same day (not always true when mixing business and personal)