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Buying points isn’t as great as getting them for free, but it can make sense if you know you will redeem them for something that would have cost you more than you paid for the points. There are some caveats to that, but generally speaking, my family has been known to pick-up some purchased points from time to time when the price is right. For the next four days, many IHG accounts can get a 100% bonus on purchased IHG points via a flash sale if you purchase 5,000 or more points in one transaction. You need to log-in here to make sure your account is eligible.
The offer runs from September 26, 2017 – September 29, 2017, and if you get the 100% bonus it drops the per point price down to between $0.00575 – $0.00675 per point, depending on how many points you purchase.
The per point price starts at $0.00675 with the 100% bonus if you purchase at least 5,000 points, drops to $0.00625 per point with 11,000 purchased points (22,000 with the 100% bonus), and then down to $0.00575 at a minimum of 26,000 purchased points (52,000 with the 100% bonus). The $0.00575 rate is very good and while not the lowest I have seen for IHG points, it is pretty close.
As a real-life example of how this can save money, we have used purchased IHG points in NYC this year when paid rates were super high for my husband’s travel dates. At .575 cents per purchased IHG point, the 40,000 points per night mid-range Staybridge Suites type of hotel comes to $230 all-in, which is a deal compared to paid rates of $350 – $400 that can happen on very busy NYC weeks. Of course, if you have the IHG credit card you then get 10% of your redeemed points back which makes the overall deal even sweeter. If you used points for a 5,000 points per night PointBreaks room that would come to just $28.75 per night!
You can purchase a maximum of 60,000 IHG points per calendar year and receive as a gift a maximum of 60,000 points per calendar year. The terms say you need to allow 72 hours for points to post and appear in your account.
Do you ever purchase IHG points to save money on your travels?
Editorial Note: The opinions expressed here are mine and not provided, reviewed, by any bank, card issuer, or other company unless otherwise stated.