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We are almost two weeks into the Daily Getaway Deals and I haven’t purchased any of them until now. Years ago there are several I would try to pounce on, and I still may go for a couple more this year, but mostly my life just doesn’t line up with being right at the computer at 1PM Eastern when some limited quantity packages go on sale. If there isn’t ample quantity, I’m probably not even going to give it a try.
However, there was a deal from the first week that still hadn’t sold out, but it’s an offer that very much aligns with my family’s current travel goals. IHG points are still available for .6 – .565 cents per point, and at that price I know I will get more than my money’s worth out of the points. To be clear, this post is not intending to convince you to buy IHG points, but rather to explain how I know I will get more than my money out of the points at that price. Keep in mind that you can “unofficially” buy the points at .7 cents each whenever you want if you have at least 5,000 IHG points in your account.
Here are three ways to use IHG points where you will probably more than get your money’s worth out of buying them. I’m going to use .586 as the price per point for the calculations below since that is what I paid for the 50,000 point package.
Point Breaks for $29.30:
It’s been a year or two since I was able to take advantage of an IHG Point Breaks hotel for just 5,000 points per night, but if you are able to find one that aligns with your travel needs then at this price, 5,000 points per night is just $29.30 for a hotel room. That is a killer deal whether you are talking a Holiday Inn Express in middle America, or an Intercontinental Resort in some exotic part of the world.
Hotel Anywhere in the World for $293:
Top tier IHG properties require 50,000 points per night, so if you buy the 50,000 point package, at worst you know you can use them for a night anywhere that has an IHG property for your $293 investment. This includes cities from New York City to London, to Hong Kong and beyond. That isn’t necessarily a killer deal, but it can be a decent return in some high priced cities on peak nights.
Mid Range Properties When Rates are High:
I don’t have a crystal ball, but I don’t actually anticipate using the points I purchased today for 5,000 or 50,000 points per night properties. I anticipate using them for mid-range properties when the going rates are high. This has to be the least sexy way to use points, but it can also be the most practical. Here’s a real life example…
My husband just started a job that makes him a full-fledged commuter going over an hour in the car each way to work. On nights that he has to work late, go to dinner with clients, etc. it will sometimes make more sense for him to just stay close to the office than get home at 9 or 10PM only to get up again to head back at 5AM. The area he works in has several mid-range properties like Hyatt Place, Holiday Inn Express, etc. that can be pretty cheap on the weekends, but very pricey during the work week.
In fact, we just used 8,000 Hyatt points (well, really 6,400 with the current promo) to spend the night near his office last night because there was a family dinner event to attend. The going rate for the Hyatt Place was well over $200/night, so this was a great use of Hyatt points. He has another night coming up next month where it will make sense to again stay close to the office, but the Hyatt Place is sold out that night. However, the Holiday Inn Express has rooms available for 15,000 points even though the going rate is over $300/night.
With tax, that room would have come to about $344, which comes out to a 2.29 cent return per point at 15,000 points per night. On the surface that sounds pretty good regardless of how you earned the points, but when you take into account they were purchased for just .586 cents per point it is easy to see that we are getting way more out of them at that rate than we paid to buy them. Of course, I don’t think we are in a position to pay $344 for a night at a Holiday Inn Express near the office out of convenience, so I’m not fooling myself into thinking our return is really as great as it looks on paper. That said, I am quite happy with acquiring a room for the night for the equivalent of $87/night when the hotels all around the area are either sold out, or pricing out in the $300 per night range.
It’s a very non-aspirational use of points, but it sure will make my husband’s night and following day of work much easier.
Rewards Cards Make the Deal Even Sweeter:
I also want to remind you that sometimes if you have certain rewards cards you can make deals like this even a bit better. For example, the IHG® Rewards Club Select Credit Card gives you 10% of your annual redeemed points back (up to 100k), so that can help stretch the IHG points you may buy from the Daily Getaways even further. Also, I purchased the Daily Getaways IHG points package using our Barclaycard Arrival Plus™ World Elite MasterCard® because reports are the purchases are coding as “travel” and are eligible for points redemptions with 10% of those redeemed points coming back to our Barclaycard account.
This means my out of pocket cost is even lower than the numbers I shared in this post. This still isn’t an exciting purchase or redemption, but it is a perfect example of how travel deals and points make it possible for my family to do what we do for much less than the going retail price.
Have you pulled the trigger on any Daily Getaway Deals this year?
Editorial Note: The opinions expressed here are mine and not provided, reviewed, by any bank, card issuer, or other company unless otherwise stated.