Chase IHG Cards: Increased Welcome Offers of up to 165K Points

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Today, Chase increased the welcome offer on the IHG Premier credit card to 165,000 IHG points after spending $3K within the first 3 months…a huge offer for the Premier. We’ve seen 140K offers quite a bit lately, but 165K comes in as one of the best that we’ve ever seen on this card, slightly below last year’s 175K offer.

In addition, the no annual fee IHG Traveler card has had its welcome offer increased as well, to 100,000 points after $2K in spend.

a large indoor courtyard with columns and plants
Courtyard of the Palacio de Villapanes in Seville, where I used flexible free night certs earlier this year.

Key Card Details

Card Offer and Details
165K Points ⓘ Non-Affiliate
165K points after $3K spend in 3 months
(Offer Expires 4/3/2024)
$99 Annual Fee
This card is subject to Chase's 5/24 rule (click here for details).
Information about this card has been collected independently by Frequent Miler. The issuer did not provide the details, nor is it responsible for their accuracy.
Recent better offer: 175K after $3K in spend (expired 4/6/23)
Earning rate: 10X IHG ✦ 5X travel, dining, and gas stations ✦ 3X on all other purchases
Base: 3X (1.89%)
Travel: 5X (3.15%)
Dine: 5X (3.15%)
Gas: 5X (3.15%)
Brand: 10X (6.3%)
Card Info: Mastercard World Elite issued by Chase. This card has no foreign currency conversion fees.
Big spend bonus: 10K bonus points + $100 statement credit after you spend $20K in a calendar year + make one additional purchase ✦ Diamond status after $40K in purchases + one additional purchase in a calendar year
Noteworthy perks: Anniversary free night e-certificate good at IHG properties up to 40K points per night ✦ Ability to add an unlimited number of points to a free night certificate to book a higher-level hotel ✦ Fourth night free on award stays ✦ 20% discount on points purchases ✦ Platinum elite status ✦ Up to $50 in United TravelBank cash per year (must register your card with your United account)
Card Offer and Details
100K Points ⓘ Non-Affiliate
100K points after $2K spend in 3 months
(Offer Expires 4/3/2024)
No Annual Fee
Information about this card has been collected independently by Frequent Miler. The issuer did not provide the details, nor is it responsible for their accuracy.
Recent better offer: 120K after $2K spend (expired 7/4/22)
FM Mini Review: A good no annual fee card for anyone who values the 4th night free benefit.
Earning rate: ✦ 5X IHG ✦ 3x dining, gas stations utilities, cable, Internet, phone, and select streaming services ✦ 2X everywhere else
Base: 2X (1.26%)
Dine: 3X (1.89%)
Gas: 3X (1.89%)
Phone: 3X (1.89%)
Brand: 5X (3.15%)
Other: 3X (1.89%)
Card Info: Mastercard World issued by Chase. This card has no foreign currency conversion fees.
Big spend bonus: 10K bonus points after $10K in purchases and one additional purchase each calendar year ✦ Gold status after $20K in purchases and one additional purchase each calendar year.
Noteworthy perks: Fourth night free on award stays ✦ 20% discount on points purchases ✦ No foreign transaction fees

Quick Thoughts

Our Reasonable Redemption Values pegs IHG points at .63 cents each. That would make the Premier welcome offer worth ~$1000, one of the most valuable for a Chase consumer card on our Best Offers Page.

While .63 cents per point (cpp) is what you can expect when you’re not cherry-picking awards, I find that I’m able to get much better value by doing exactly that, and often end up around .8cpp – 1.0cpp. Regardless of how selective you are, this is an excellent welcome offer and absolutely worth going for if the IHG program suits your needs.

The Premier card also comes with an annual free night certificate that’s awarded at each card anniversary. IHG increased the utility of these certificates for Premier cardholders back when they overhauled their rewards program. Now, you can “top off” the certificates by adding an unlimited number of points as necessary in order to book a standard room reward at a property with a higher point redemption level.

I did this in Spain, where I redeemed 40K certificates for a room at a Mr and Mrs Smith property that was 70K points/night by adding an additional 30K pts/night from my account. It’s an extremely useful feature that makes it much easier to max out the 40K value of the cert; and can make card a keeper when the the first year’s annual fee comes due

The 100,000 point offer on the IHG Traveler card is also good for a card which doesn’t have an annual fee and comes with IHG’s 4th night free benefit on award bookings. It only earns 5x when paying for IHG stays, but if you rarely pay for hotels anyway, then that lesser earning rate isn’t terribly important. That said, provided you can meet the extra $1,000 in spend that’s required for the Premier, it makes more sense to get the additional 65,000 bonus points, then product change to the Traveler card at renewal if you don’t want to pay the Premier’s annual fee.

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