Should I Mattress Run My Accelerate Promotion?
I posted earlier that Accelerate IHG promotions are now live. I know everyone is still reeling over the IHG credit card devaluation but these promotions occasionally offer outsized gains. A few years ago I had one where I earned 40,000 IHG points for a $100 stay. So they are worth checking your offers.
My wife’s offer was pretty bad, 10 nights to get 40,000 points. Mine was borderline good and I am torn on whether I should mattress run or not with it. As you know I hate spending money on travel but this has some opportunity.
My IHG Accelerate offer is the following:
I will never hit the 4 nights bonus but I could mattress run at two Holiday Inn Express hotels, one with extra points and one staying in May. It would give my kids a chance to swim etc. and I could rack up some points. I don’t have any upcoming travel that I would be able book a Holiday Inn Express in place of my current booking etc.
Breaking Down the Offer
If I book 2 nights at a Holiday Inn Express, with 1 night being a bonus points package in May, I should be able to get 35,500 bonus points. This doesn’t include any points I earn on the stay or from the credit card spend etc.
As you know I recently applied for the IHG card before the old version went away. So I am working on the minimum spend for it. This would go towards it and would earn me an additional 5 points per dollar. Because I am now a Platinum member I would earn 15 points per dollar on the cash stay. After a quick check for cheap rooms near me this is what I came up with for the costs.
The 1,000 bonus points package would cost $108.08 including taxes. That would earn me 2,480 points plus another 540 from the credit card spend. It was the YOUR RATE 1,000 bonus points package and I am not sure if that makes a difference. Maybe someone with experience can chime in in the comments.
The second night would cost $102.93 which would net me 1,410 points for the room and another 515 points from the credit card.
That is a total cost of $211.01 but if I go through Ebates when booking I can get another $10 or so off. Let’s call it $200 flat out of pocket cost.
For $200 I would earn 40,445 IHG points. That is a cost per point of $.0049. That is slightly below what you can usually buy the points for. So it is essentially a push but I would get 10% of my min spend accomplished and I would have 2 happy kids swimming for a couple of nights over the next 3 months.
This is not a no doubt about it type of deal. It is 50/50 at best. And I should only do it if I had a need for IHG points in the next 6 months or so.
I am leaning towards doing it since I have a trip to NYC upcoming and only one free night covered at the Intercontinental Times Square (from my wife’s IHG card) and the second night will take a decent amount of points. But I do hate paying for travel!
This is a little better since I would get two family staycations out of the deal as well.
I am still a little torn, let me know what you think I should do in the comments section.