IHG members wishing to stock up on points have a nice opportunity right now to save a few bucks while padding their accounts.
Points.com and IHG are offering a 75% bonus on purchases of at least 3,000 base points.
The sale is effective through October 11, 2020.
For example, buying 50,000 points would get you a 37,500 point bonus. Your total cost would be $500. That’s getting them for about .6 cents each. Certainly nothing phenomenal — but if there’s an aspirational trip on your vision board, this may be something worth pursuing. My options topped out at 262,500 total points for $1,500.
Should You Buy Points?
I say this a lot: everyone’s budgets and travel habits are different. Some people may love IHG and know precisely what they’d do with 262,500 points. And are happy to drop $1,500 for that privilege.
Others couldn’t care less.
Both scenarios are fine.
If you have the money and a solid plan for using your points, then go for it.
On the other hand, buying points speculatively (Why not? I bet we can find something to do with them!) is generally not something I recommend. (Remember that IHG just lost about 100 North American properties.)
IHG Rewards Club Platinum members (a status awarded automatically to IHG Rewards Club Premier Credit Card or earned through annual stays) receive their fourth night free during award stays. So that could certainly be a good use of points.
Remember that the no annual fee IHG Rewards Club Traveler Credit Card currently awards 75,000 bonus points to new cardholders who spend $2,000 on purchases within three months of being approved. So if you’re going to spend two grand on everyday charges and really want some IHG points, that’s another option to consider.
Which Credit Card Should You Use?
This sale is processed by Points.com — not IHG. So if you hold the IHG Rewards Club Premier Credit Card or IHG Rewards Club Traveler Credit Card, buying points in this (and pretty much most) instance won’t earn you anything above 1X.
So which card should you use to purchase points?
If you need to meet a minimum spend requirement for a new welcome offer (perhaps the Chase Sapphire Preferred‘s big bonus, or maybe the new Chase Freedom Flex, or, heck, even hitting MQM spending thresholds for a Delta Amex card), consider that route.
Barring that, your best bet is to use a card awarding you 2X or 1.5X on all purchases. So think along the lines of:
- American Express Blue Business Cash (2X)
- Capital One® Venture® Rewards Credit Card (2X)
- Citi Double Cash Card (2X – learn more about cashback cards)
- Chase Freedom Unlimited (1.5X)
- American Express Cash Magnet (1.5X)
IHG members — especially Rewards Club Platinums — have a nice opportunity to add points to their accounts right now. Platinums enjoy a free fourth night during award stays, potentially making points purchases and redemptions more valuable.
But buying points speculatively isn’t necessarily a fantastic decision — though your mileage may vary.
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