Home Hotel Loyalty Warning: Avoid The New IHG Points Sale - It's Terrible

Warning: Avoid The New IHG Points Sale – It’s Terrible


Some links to products and travel providers on this website will earn Traveling For Miles a commission that helps contribute to the running of the site. Traveling For Miles has partnered with CardRatings for our coverage of credit card products. Traveling For Miles and CardRatings may receive a commission from card issuers. Opinions, reviews, analyses & recommendations are the author’s alone and have not been reviewed, endorsed, or approved by any of these entities. For more details please see the disclosures found at the bottom of every page.


This isn’t going to be a long post as the headline pretty much says it all. Anyone who needs to top up an IHG Rewards account should almost certainly avoid the new sale that has just launched (unless you happen to need the points right now) because, as IHG points sales go, this one is terrible.

The Sale

  • Buy 1,000 – 6,000 points – get no discount
  • Buy 7,000 – 250,000 points – get 40% off

The sale runs through 11:59 PM (ET) on 13 November 2020.

Link to sale 

The Math

Although the way the sale is presented doesn’t make this obvious, there are price bands built into this promotion which means that you don’t have to buy the maximum number of points on offer (250,000) to achieve the lowest cost per point.

Here, as long as you buy at least 26,000 points you’ll be buying at the cheapest rate available – 0.6 cents/point.

Whether you buy 26,000 or 250,000 points you’ll still pay 0.6 cents/point.

If you haven’t been keeping up with IHG sales this may appear to be a good deal…but it isn’t.

Why This Is A Bad Sale

IHG Rewards Club may claim that this sale offers a 40% discount but as it often sells its currency at 0.5 cents/point, this is a discount in name only. In reality, the points being sold here could be considered to be priced at a premium.

In addition, not only is this sale a bad deal because it’s expensive, but it’s also a bad deal because it limits the number of points that you can buy to just 250,000.

When IHG sells its points with a 100% bonus rather than at a discount (which it appears to be doing with increasing frequency), the points cost just 0.5 cents each and the bonus points do not count towards the yearly maximum (250,000). When a bonus sale is on it’s often possible to buy 400,000 points or more (at 0.5 cents each) while in this sale we’re limited to just 250,000 points at 0.6 cents each.

Bottom Line

This is an IHG points sale to avoid unless you’re desperate to top up an account right away. This sale is ending in time for IHG to launch a new sale for Black Friday/Cyber Monday and I cannot imagine IHG not offering a better deal than this one when the end of November comes around.

The Excellent 6% Cash Back Card

The Blue Cash Preferred® Card from American Express is one of the more rewarding cashback cards on the market with its market-leading rebate at U.S supermarkets, market-leading rebate on spending with streaming services, great cash back rates on select travel spending, and strong cash back at gas stations too. This card comes with a $95 annual fee which is currently waived in year 1 (rates & fees).

The Great Earning Rates

  • 6% cash back at U.S. supermarkets on up to $6,000 spending per year*
  • 6% cash back on select U.S. streaming subscriptions
  • 3% cash back on transit spending (e.g. taxis/Uber/Lyft, parking tolls, trains, buses)
  • 3% cash back at U.S. gas stations
  • 1% cash back on spending in all other categories

Click for more details on the Blue Cash Preferred® Card from American Express

Regarding Comments

Responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser or any other advertiser. It is not the bank advertiser’s responsibility or any other advertiser’s responsibility to ensure all posts and/or questions are answered.

1 COMMENT

Comments are closed.

Credit Card News & Offers

Deals

Miles & Points On Sale

Air Fare Deals

Related Posts

BoardingArea