Chase Sends Out IHG Premier Upgrade Offer
My wife received an upgrade offer for the IHG Premier card today and let me tell you…it was underwhelming. They want her to give up her uncapped anniversary night, lower annual fee, and 10% back on rewards stays for chicken feed.
If she upgrades now she can get…
- 5,000 Bonus Points
- Worth a whopping $30
- Must upgrade by 6/30/18
- Must go to Chase.com/chasegreatrewards/ihg21 (which just errors out for me)
For that privileged the annual fee will go up $40 (goes to $89 from $49). Yup spending $40 to get $30 sounds like an awesome deal!! Where is that sarcasm font again? I would imagine she would lose her last uncapped anniversary night as well.
It is still unclear what the old IHG cards will be getting as their anniversary night, will it match the $89 version or will it be a lessor version? At $49 an anniversary night up to 40,000 points per night is still a really good deal. At $89 it is a pretty good deal.
Who Does Upgrading Make Sense For
For a majority of people this upgrade does not make sense but for road warriors who have a lot of IHG paid stays the new card is the better option. The Premier card earns 10 points per dollar on cash stays which is double the current rate. That is also a better return than the Chase Sapphire Reserve would give you.
If you have a lot of 4 night award stays the 4th night free perk may work out better for you versus the 10% back on all award stays for the current card.
But for the majority of people standing pat is the right stay.
This is really a non starter for me. I was expecting something similar to what people saw for the new Marriott card, up to 50,000 points. Maybe some of the more loyal IHG people out there got better offers?
Let me know if you got anything different in the comments section.