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This is probably going to be one of the shorter posts that I write this year because all I need it to do is to make people aware that the current IHG Rewards Club points sale is pretty bad. We’re definitely going to see better sales than this one in the coming months so this is a sale to avoid.
IHG Rewards is back with a new points sale in which it’s offering a 75% bonus to anyone willing to buy at least 15,000 points by 25 February 2020. This is almost exactly the same sale that IHG introduced in January 2020 and for the overwhelming majority of people, this is not a good sale at all. Here’s why:
- IHG frequently (multiple times per year) sells points with a 100% bonus so why would you entertain the idea of getting a bonus that’s 25% less?
- The cheapest rate at which you can buy points in this sale is ~0.57 cents/point so as you have to put some effort into getting a good deal when IHG is selling points at just 0.5 cents each this isn’t a rate at which most should be buying.
- It can sometimes be possible to ‘manufacture’ IHG Rewards points at a much cheaper price point by being a little sneaky during Points & Cash promotions (see here), so that’s another reason that paying ~0.57 cents/point probably isn’t a good move.
- IHG has a history of devaluing IHG Rewards towards the beginning of every year and it often does so with little or no warning. The pandemic may make IHG think twice before taking any serious action in 2021 but it would be unwise to buy points at a sub-optimal rate before we know what IHG’s plans are.
Ok, if you desperately need a few thousand points so that you can book a big award trip for later this year then it’s probably fine to buy a few points in this sale…just make sure that you make your booking(s) sooner rather than later just in case there’s a sudden and unexpected change to IHG Rewards.
Everyone else should stay away and wait for IHG to bring back its 100% bonus (which it almost certainly will in the not too distant future).