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IHG Rewards has been running its first good points sale of 2021 since last Friday and even though this sale’s end date has been extended once (it was meant to end on Tuesday) it now looks like it will definitely wrap up this coming Sunday (in two days time).
I’ll go over the math and the merits of this sale a little later in this post but first, here are the basics of the offer together with the headline terms and conditions.
- Offer available for purchases made by 11:59 PM ET March 21, 2021 inclusive.
- In order to qualify for the 100% Bonus points offer, Members must make a minimum of 30,000 points purchase per transaction.
- Members may purchase a maximum of 150,000 points per calendar year and receive as a gift a maximum of 150,000 points per calendar year.
- Purchased points do not count towards IHG Rewards Elite status.
- Purchased Points are not refundable and are applicable toward all IHG Rewards awards.
- Please allow 72 hours for points to post and appear in the recipient’s account.
Full terms and conditions can be found on the sale page
For once, this is an IHG Rewards Points sale where the maths is straightforward. It doesn’t matter if you buy 30,000 points…
….or 150,000 points (the maximum allowed in this promotion)…
…as in each case (and in all cases in between), you’ll be paying 0.5 cents/point.
Does This Represent A Good Deal?
Yes, it can do, but some thought is needed
The key to ensuring that any points you buy end up saving you money is to have a plan for how the points are going to be used. Without a plan in place, there’s a very good chance that you’ll end up throwing money away.
If you want to stay at the Kimpton La Peer in West Hollywood on a random night in October, you may be offered the choice of paying $458.17 including taxes (the best cash rate) or 55,000 points.
55,000 points can be purchased in the current sale for $275, so using points purchased in this sale to make this reservation rather than paying with cash would see an IHG Rewards member saving over $180…and that’s just on a single night stay.
It’s important to point out that just as this example shows how easily cash can be saved by buying points in this sale, it’s equally easy to throw cash away by not doing the math and by not checking prices. Please be careful.
Following the steps below should help you make the right choice when it comes to deciding whether or not you should buy points in this sale.
- Work out where you’d like to visit
- Check that your chosen IHG property has award availability for the dates you’d like to visit
- Check the cash rates for the nights you’d like the visit
- Carry out a similar comparison between the cash rate and the cost to buy the points as I illustrated above.
Only if the math dictates that you’ll be making a saving by buying points in this sale should you reach for your credit card and hand over your cash. There are some great savings to be made by buying points today, but you’ll have to put a little work in to make sure that you’re getting genuine value.
For the next 2 (and a bit) days, IHG Rewards is selling points with a 100% bonus. Members can buy up to 300,000 points at 0.5 cents each in this sale and make significant savings on their future stays, but no one should be buying points without first making sure they know how and when they’ll be using them.