Earn A 140,000 Point Welcome Bonus On The IHG Rewards Club Premier Card

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Chase has just launched a new (and impressive) 140,000 point welcome bonus on the IHG Rewards Club Premier credit card so if you’re a fan of IHG Rewards and haven’t yet picked this card up the information below may be of use.

The IHG Rewards Club Premier Credit Card

Here are some key things you need to know:

Annual Fee:

  • $89

Welcome Bonus:

Earn 140,000 IHG Rewards Club points after spending $3,000 on purchases in the first 3 months from account opening.

Link to more details


  • 10 Rewards Club points/dollar on spending at IHG Hotels & Resorts worldwide
  • 2 Rewards Club points/dollar on spending at gas stations
  • 2 Rewards Club points/dollar on spending at grocery stores
  • 2 Rewards Club points/dollar on spending at restaurants
  • 1 Rewards Club points/dollar on all other spending

IHG Rewards Club members using this card to pay for stays at full-service IHG properties will earn 25 points/dollar on all IHG spending during their stay.

The 25 points/dollar earnings are broken down as follows:

  • 10 points/dollar for using the IHG Rewards Club Premier card to pay for your spending
  • 10 points/dollar for being an IHG Rewards Club member
  • 5 points/dollar for being an IHG Rewards Platinum member*

*The IHG Rewards Club Premier credit card offers IHG Platinum status as one of its benefits

InterContinental Phuket – Image courtesy of IHG

Key Benefits:

  • Get a free IHG award stay (at properties costing up to 40,000 points/night) every year.
  • IHG Rewards Platinum elite status for as long as the card is held
  • Get the 4th night free on IHG award bookings of 4 nights or more
  • Global Entry or TSA PreCheck credit of up to $100 ever 4 years
  • 10,000 bonus points after a cardholder spends $20,000 and makes one additional purchase each account anniversary year.
  • Save 20% on points purchases*
  • No foreign transaction fees

*Does not apply to IHG Rewards Club points sales

Who Cannot Earn The 140,000 Point Welcome Bonus?

Per Chase, this bonus is not available to either:

  • Current cardmembers of this credit card, or
  • Previous cardmembers of this credit card who received a new cardmember bonus for this credit card within the last 24 months.

if you hold another IHG Rewards Club credit card (like the IHG Rewards Club Traveler credit card) you’re eligible to earn the welcome bonus.

Who Cannot Apply For The Card?

The IHG Rewards Club Premier credit card is subject to Chase’s 5/24 rule so anyone who has opened 5 new personal cards in the past 24 months is unlikely to be able to get this card.

Also, current IHG Rewards Club Premier credit card cardmembers cannot apply for this card….but all other IHG Rewards Club credit card holders are in the clear.


Based on how much value I can easily get out my IHG Rewards Club balance I value IHG points at 0.4 cents each and this means that I value the welcome bonus at $560.

More importantly, as things stand a top-tier IHG property costs 70,000 points per night so, providing award availability exists, this welcome bonus will buy 2 nights at some of the best IHG properties around the world.

That’s pretty good going!

Great welcome bonus aside, this card comes with one very key benefit that may save a cardholder a substantial number of IHG Rewards Club points – a free 4th night on award bookings.

These are the key aspects of this benefit:

  • There is no cap to how many times this benefit may be used
  • The is no cap on the points value of the award booking (this can be used at top-tier IHG properties worldwide)
  • Every 4th night of an award booking is free (so an 8-night stay would see a cardholder get two free nights).
  • This benefit cannot be used in conjunction with a Points & Cash booking
InterContinental La Moana Bora Bora

Here are two things to consider:

  1. If you were to combine the welcome bonus with the 4th-night free benefit and a further 70,000 IHG Rewards points you could book a 4-night stay at any IHG property in the world (assuming award night are available) – Essentially you would pay 70,000 of your own hard-earned points for a 4-night stay at one of the best IHG properties around.
  2. When you consider that on a single 4-night stay this credit card can save a cardholder up to 70,000 points (which I value at $280) and that there’s no cap on how often this benefit is used, the $89 annual fee looks like a bargain if you’re an IHG Rewards fan.

As far as the other key benefits go…

I’m not going to suggest that anyone should be spending $20,000 on this card just to earn the 10,000 bonus points that are on offer (if you can spend that much at IHG properties that’s fine but otherwise there are a lot of other credit cards that will offer you a better return on your other spending), I’m not going to suggest that IHG Rewards Platinum staus is amazing (I have it and I can tell you that it isn’t), and I’m not going to suggest that the 20% saving on points purchases is a great deal as the discount isn’t available on sale pricing and you should never be buying IHG Rewards points outside of a sale.

What I am going to suggest is that the IHG Rewards Club Premier Card is a no-brainer for anyone who pays to stay at IHG properties with any great frequency.

Be Careful

This can be a very, very good card for frequent visitors to IHG properties but that doesn’t mean that it’s a great card for everyone.

Everyone should be asking themselves the following questions before applying for this card:

  • How easily will you be able to hit the $3,000 spending requirement to earn the 140,000 point bonus? Will it be a stretch? If yes, then applying for this credit card may not be a good idea.
  • Will you be able to get good/great value out of the 140,000 points in the near future? IHG has a habit of devaluing its currency at the beginning of most years so are you sure that you’ll still be happy with the welcome bonus if that happens this year?
  • How many new cards have you applied for (and got) in the last 24 months? Are you in danger of pushing the limits of Chase’s 5/24 rule? If you are, are there other Chase credit cards you should be considering ahead of this one?

If after asking yourself those questions you still feel positive about the IHG Rewards Club Premier Card then applying for it may well be a good idea…but make sure you give honest answers!

InterContinental Amstel Amsterdam
The InterContinental Amstel Amsterdam

Bottom Line

For frequent visitors to IHG properties, the elevated earnings (at IHG properties) combined with the 4th-night free benefit should more than cover the annual fee and, in times when the 4th-night free benefit doesn’t get used (for whatever reason), the free annual night (worth up to 40,000 points) will cover the fee too. On those grounds, this can be a fantastic card for IHG loyalists.

Link to more info on the IHG Rewards Club Premier credit card


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