IHG One Rewards is once again targeting some members with a promotion that’s giving a 15% discount on the cash portion of Points + Cash stays. This is normally a good way to buy points somewhat cheaply, but with a 100% points sale also running at the moment, that other offer will be a better deal.
The Deal
- Save 15% on the cash portion of an IHG Points + Cash rate.
Key Terms
- This discount offer (“Offer”) is available to those IHG One Rewards members granted access to the discount when booking a Reward Night at a participating hotel through an official IHG online reservations site while signed into their IHG One Rewards account.
- To qualify for this Offer, Points & Cash bookings must be booked from June 29, 2026, to July 27, 2026, (the “Booking Window”) for stays from June 29, 2026, through August 10, 2026. A member must be logged in to their IHG One Rewards account at the time of booking to access the discount.
- If the Reward Night is cancelled in accordance with Reward Nights terms and conditions and within the hotel’s cancellation policy, both the points used, and the points purchased in cash will be refunded in points only.
Quick Thoughts
If you’re not familiar with how IHG Points + Cash bookings work, you redeem a certain number of points, plus you pay a cash co-pay for the rest of the cost. That cash co-pay is, in effect, buying the additional points needed to book the room. As a result, if you subsequently cancel the stay you’ll get the refund entirely in points, rather than a refund of both the points and cash.
Ordinarily, this can be a good way to buy points at a discount, with the cost per point only being slightly more than during points sales when IHG offers a 100% bonus when buying points. The cash and points portions can vary slightly from property to property, plus the different thresholds in pricing for any given room offer different values.
For example, take this Candlewood Suites hotel. You can redeem 33K points for a standard award stay, or anything ranging from 8K-29K points plus a cash co-pay ranging from $127 down to $28. As you can see, if you’re targeted for this Points + Cash promotion, you’ll see the regular cash price struck through, with the discounted amount displayed beneath.
Those different thresholds buy IHG points at different prices. At the high end, booking the 29K points + $28 rate means you’re buying 4K points for $28 which is a 0.7 cents per point rate. At the other end of the spectrum, booking the 8K + $127 rate means you’re buying 25K points for $127 which is a 0.51 cents per point rate.
That’s better than normal Points + Cash pricing, but it’s still ever-so-slightly more expensive than the current 100% points sale which means you can buy the points for 0.5 cents per point.
That said, the 100% points sale expires on July 16, whereas this 15% Points + Cash sale is valid for bookings made by July 27 for stays through August 10. That gives an 11 day window after the 100% points sale ends where this Points + Cash promo will presumably be a better deal (unless IHG launches a new points sale straight after).
Something that might make this Points + Cash discount promo even better is if it stacks with the also-targeted IHG Chase Offer. I don’t think IHG Amex Offers get triggered by Points + Cash bookings, but perhaps Chase Offers do. Please let us know in the comments if you’ve had success with that in the past.
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