Update 4/11/23: Thanks to Doctor of Credit, we’ve come across a new link that still gives access to the old 175K bonus. We don’t know how long it will last, but we’ll keep it on the best offers page as long as it does.
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Today, Chase increased the bonus on the IHG Premier card to a whopping 175,000 IHG points. This a huge offer for the Premier. We’ve seen 140K offers in the past, but this is easily the best welcome offer that we’ve ever seen on this card.
Key Card Details
| Card Offer and Details |
|---|
140K Points ⓘ Affiliate 140K points after $3K spend in 3 months$99 Annual Fee This card is subject to Chase's 5/24 rule (click here for details). 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 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) |
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, the most valuable for a Chase consumer 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.
The Premier 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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Looks like this is dead
Does this card which provides platinum elite level provide free breakfast?
No. Platinum Elite doesn’t give free breakfast; Diamond Elite (top tier) does.
Tim, Any chance there’s a 175k business link still floating around?
Just FYI You cant even get 2 nights in the top hotels (Intrercontinentals and Kimptons) in major cities using this. Make sure you understand which hotel you want to redeem these for before you apply.
To be fair, no hotel credit card sign-up bonus will give you enough points for two nights at their most expensive properties.
if i use an annual reward night together with points to book 3 night stay, will I get the 4th night free?
No. You will need points for all 4 nights available in your account before you can actually get the 4th night free,
If I cancel my OLD $49 IHG card, how long do I need to wait before I apply for the 175k offer?
I waited a week and got an instant approval.
I don’t see any opportunity for a couple in 2-player mode. Correct? I have the business card and the old $49 one. P2 has just the old $49 card.
$3000 spend for $175K IHG points. Hmm? I wonder if I could spend the $3K on IHG cash and point reservations, cancel the reservations, get refunded in points @ about 5.6 CPP. Essentially buying 535K+175K (bonus) + 30K(10X spend at IHG) IHG points for $3k. Purchasing for IHG at ~0.4CPP. Is anyone else tempted by this?
IHG often sells points for 50 cents apiece
Sorry, but your math is way off. The best price for IHG points is .5 cents per point, not 50 cents per point.
Yes, my mistake. IHG points are sold at .5 cpp every other month which is the standard Jose should be trying to beat
Are you sure you’ll actually receive the 10X spend for the entire cash and point amount?
Be the data point
Just applied and got stuck at “Verifying your information”, has been in this stage for 110-15 minutes now. Is there a number I can call to see if my application was submitted?
thank you for the post! I was able to successfully get a match after 40 days of my application with the prev 140k bonus via secure message portal
correction: 29 days*
Applied for Premier. Denied. Reason given is that I already have this card(I don’t, I have $49 AF Select). Called reconsideration line. They are adamant that only one card from this “Family” can be had. I inquired about Marriott, they said the same thing. Thoughts? Comments?
Yes, these cards have a “family rule” for the consumer cards, meaning that you can’t be approved for one if you already have another (there’s a pretty extensive discussion below in the comments as one person seems to have been able to get around it). You CAN be approved for a business card if you hold a consumer card.
…so big deval coming?
stealth since it’s dynamic!
I’m concerned about the same thing.
If you have the select ($49) and get the business, will you be able to top off the 40k cert from the select? Surely they will bump the bonus on the business aoon and then it’s a way to get both. Or at least be able to get the 4th night free and keep select.
Unfortunately, no. The Select 40k stays “untopoffable.”
Can you get both? I was thinking you could only get the business one if you still have the old $49 Select card. I’m in this situation.
Edit: NM I see we’re all wondering the same thing, did the “IHG family rule” stick? Will be nice to get some info.
You’re correct, although a commenter below seems to have been able to get approved while holding another IHG consumer card, so follow his updates.
Was thinking about getting both the business and personal version- wanted to start with the business for 5/24 reasons. Do they usually have the same bonus on two cards. Business is currently 140k. Wondering if I should wait til they increase it
They’re so new, it’s hard to say whether or not they’ll move in concert.
Can you have 2 of Premier? I love these cards. The free nights are quite easy to use and easy to cancel. Once you cancelled, they instantly went back to my account with no hiccups. I already have Club/Premier/Business. Interesting the 175k is only for personal version but not the biz version. Really nice to combine the 4th night free with the IHG Club 10% back plus the new IHG Diamond benefits. They sometimes run sale for points though at 0.5 cpp so minimally it’s worth that.
I have notes saying, this product is not available to current cardmembers of this credit card…. also language stating 24 months from SUP.
The only way that I know of is by product-changing an older consumer card to the Premier.