(Last Call) IHG Premier Business card: best-ever 165K welcome offer

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Update 6/21/23: We’ve received confirmation that this increased welcome offer on the IHG Premier Business card will be ending at 9am Eastern on June 29, 2023.

Today, Chase increased the bonus on the IHG Premier Business card to a whopping 165,000 IHG points. We’ve been at 140K on this card for quite some time, a good haul its own right. However, this new offer is the best that we’ve ever seen on the card.

Holiday Inn Resort Kandooma Maldives - Garden View Villa outdoor seating area (image courtesy of IHG)
Holiday Inn Resort Kandooma Maldives – Garden View Villa outdoor seating area (image courtesy of IHG)

Key Card Details

Card Offer and Details
140K points ⓘ Affiliate
140K points $3K spend in 3 months
$99 Annual Fee
This card is expected to be subject to Chase's 5/24 rule (click here for details).
Earning rate: 10X IHG ✦ 5X travel, gas stations, restaurants and dining, social media and search engine advertising, office supply stores ✦ 3X on all other purchases
Base: 3X (1.89%)
Travel: 5X (3.15%)
Dine: 5X (3.15%)
Gas: 5X (3.15%)
Office: 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 cardmember year + make one additional purchase. ✦ Diamond status after $40K in purchases + one additional purchase in a calendar year ✦ Free night certificate (up to 40K points) after $60K 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)

Quick Thoughts

We recently redid our Reasonable Redemption Values for IHG points and found that they went up slightly in value, to .63 cents each. That would make this welcome offer worth ~$1000, one of the most valuable for a Chase business card on our Best Offers Page.

While that’s the value you can expect when not cherry-picking awards, I find that I’m often able to get much higher value by doing exactly that, and can usually get around .8cpp-1.0cpp. Regardless of how selective you are, this is a terrific welcome offer and absolutely worth going for if the IHG program suits your needs. This can be an even better deal if you’re able to book in four night increments, as Premier Business cardholders get the 4th night free on award stays.

In addition to the welcome offer, the Premier Business card also comes with an annual free night certificate that’s awarded every card anniversary. IHG increased the utility of these certificates for Premier cardholders last year as part of an overhaul of 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 Seville, 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. This is a great feature and makes it much easier to max out the value of these certificates. To me, the cert is easily worth the $99 annual fee, making this card a keeper even after the the first year anniversary.

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