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IHG Rewards Platinum Cash and Points Promotion
Earlier today I covered my wife’s pretty good IHG Rewards Club Accelerate 4Q promotion. If you haven’t checked your targeted offers I highly recommend you do so. During the writing of that post I noticed that my cash and points costs were somehow discounted. Now, I have been able to figure out why. IHG Rewards Club is currently offering a 12% discount on these awards for Platinum Elites.
As a Platinum Elite member you can also save an additional 12% when you book a Points & Cash stay between now and September 18, and stay before November 30, 2016.
- 12% discount is offered at time of booking and only pertains to the cash cost of bookings.
- Must be a Platinum Elite member at the time of booking to be eligible for offer.
- *Bookings for The Venetian® and The Palazzo® hotels are excluded from discounts.
- This offer is subject to the general IHG® Rewards Club membership Terms and Conditions.
You can find the full terms of the offer here.
What This Means
IHG Cash and Points reservations work a bit differently than with other chains. Basically you are booking an award stay and purchasing the extra points to cover the cost. So let’s look at an example:
If you book this hotel for 40,000 points + $110, then you will be charged and the booking would be made. If you cancel, 60,000 points will be deposited into your account. Basically you will have purchased 20,000 points for $110. That works out to a cost per point of $.0055. Not bad.
As you can see above, there are four tiers. Here is the cost per point at each tier:
- 5,000 points for $35.20 = $.007 per point
- 10,000 points for $61.60 = $.0062 per point
- 15,000 points for $87.12 = $.0058 per point
- 20,000 points for $110 = $.0055 per point
Yes technically this is a loophole for purchasing points, but it is one that has been around quite a long time. In other words, I don’t think this is too much of a hack considering IHG probably likes that they get your money and that your points are locked in. With that said, even at this price, I wouldn’t purchase points unless I had a specific redemption in mind. Yes, there are very very good redemptions at this cost level and still some bad ones.
This promotion does require you to have Platinum status, but I suspect many of you already do given that it is a benefit of the IHG Rewards Club credit card. If you have a specific redemption in mind, this is as cheap as points in the program get, but that doesn’t mean it will be a great deal for everyone.
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