A pair of hotel chains are offering the chance for you to purchase points packages at discounts!
IHG and Hyatt currently give their loyalty program members the opportunity to stock up on points. Let’s check out the deals — and if they may work for you.
IHG: 100% Bonus!
IHG is back with a 100% bonus promotion!
The minimum base purchase (at least to earn a bonus) is 15,000 points. That’ll net you a total of 30,000 points for $172.50 (which comes out to .6 cents per point — not a terrible deal but nothing OMG astounding).
The maximum you can buy is 250,000 base points. You’ll haul in a half-million IHG points — but it’ll cost you $2,500. That brings your cost-per-point to a half-cent each.
The sale is valid until 11:59 PM ET on July 31.
There’s another alternative to consider:
The IHG Rewards Club Premier Credit Card carries an $89 annual fee — but awards you 125,000 bonus points after you spend $3,000 on purchases within the first three months of approval. And it comes with a (capped) anniversary night starting the second year you hold the card.
If you really want to load up on IHG points, you could get the IHG Rewards Club Premier Credit Card, then buy the 500,000 points for $2,500 with your new IHG credit card, and figure out how to spend the card’s other $500 minimum spend requirement. You’d score at least 628,000 IHG points.
Hyatt: 30% Bonus
World of Hyatt is also in on the action.
You can buy Hyatt points for a 30% bonus. A 5,000 point minimum is in effect (that’ll give you a total of 6500 points for $120. About 1.8 cents per point.) The max you may purchase is 55,000 (and receive 16,500 bonus for a 71,500 total) for $1,320.
This promotion ends at 11:59 PM on July 29.
Here’s where it might get interesting, though.
Hyatt is offering a rebate of up 25% on points redeemed through October 8 this year. All World of Hyatt members receive a 10% rebate. And those with the World of Hyatt credit card receive another 15%.
So it might be worth getting a World of Hyatt credit card. Plus, you receive 25,000 bonus points after achieving the $3000 minimum spend requirement and the card costs $95 year.
You also get a “complimentary” anniversary night starting the second year of card membership.
Use a Credit Card That Will Reward You
These purchases are made directly through Points.com — not IHG or Hyatt. So they won’t code as purchases made with hotels. (Oh, if only they did.)
So if possible, buy the points with a credit card rewarding you at least 1.5% or 1.5X. Or if you’re trying to meet a spending challenge or reach a minimum requirement for a new credit card, consider using that product to make your purchase.
Should You Buy Hotel Points?
That’s completely up to you, your budget, and travel preferences. Some people love these deals, others couldn’t care less.
If there’s an aspirational trip on your bucket list, buying points may be helpful if you want to stay someplace snazzy. But buying points just for grins or speculatively generally isn’t something I recommend.
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