[Expired] Buy IHG points under .49 cents per point!

Sorry, this deal is no longer available. Do you want to be alerted about new deals as they’re published? Click here to subscribe to Frequent Miler's Instant Posts by email.

IHG is offering reduced-price Points & Cash rates to elite members that result in some solid prices for buying IHG points — as low as .488 cents per point — maybe even less.

The Deal

  • Make Points & Cash bookings at a discount of 15% on the cash portion (note that the cash portion has some variance from hotel to hotel)

Key Terms

  • Valid for IHG Elite members, including those with Platinum status courtesy of the IHG Rewards Mastercard
  • Valid for bookings made by November 29, 2017 for stays through January 31, 2017

Quick Thoughts

IHG Points & Cash bookings are basically a chance to buy IHG points on the cheap. When you make a Points & Cash booking, your credit card is charged immediately for the cash portion of the booking. Should you later cancel the reservation, you do not receive a refund to your credit card — you instead receive the points difference between the IHG points you used and those needed for a full award stay. For example, I looked up a random December date at a Holiday Inn Express in San Francisco and saw the following award stay rates:

If you were to make a reservation for 30,000 points + $55.25, you are effectively buying 10,000 points for $55.25. Should you later cancel, you would receive 40,000 points returned to your IHG account (30,000 points you used plus the 10,000 you bought for $55.25). That would be a cost of .55 cents per point. However, you’ll find better rates available at other hotels.  For example, I tried another hotel and found the cash portions a bit cheaper:

But the cheapest I’ve seen is the rate found by Ric Garrido of Loyalty Traveler at the Intercontinental Monterrey The Clement:

At the bottom end, you’re buying 20,000 points for $97.75 — that’s a rate of just .48875 cents per point. That’s a price I like for IHG points. They come in handy now and then — for example, my sister-in-law is running a half marathon tomorrow morning. We’ll be rooting her on, and I was able to book a room within walking distance of the start/finish line at a nice savings over the cash price thanks to opportunities like this to buy points cheaply (and without transferring more valuable points). I don’t generally prefer to buy points over earning them — but if you have a near-future use for the points, you could get much better value than the selling price.

Bottom line

I wouldn’t generally suggest buying points speculatively, but with the right redemption in mind, this can be a good price.

H/T: Loyalty Traveler


Want to learn more about miles and points? Subscribe to email updates or check out our podcast on your favorite podcast platform.
Notify of

This site uses Akismet to reduce spam. Learn how your comment data is processed.

oldest most voted
Inline Feedbacks
View all comments