I do not recall seeing this before today but it appears that there is a new promo going on with IHG. It is giving a 20% discount on the Points & Cash offers which means that the amount of cash you need to book a room is now quite a bit less. This also works to get IHG points down to .5 cents per point if you book with maximum points & $100 cash for hotels. Let’s take a look.
Buy IHG Points for 1/2 Cents Each with this IHG 20% Discount on Points & Cash
I am assuming this is either a limited-time deal or a mistake in the system and that it is meant for elite members or cardholders. Because when I sign-in to my account (non-elite), it says this:
“As a Club member, you are eligible for a 20% discount on Points & Cash.”
Well, that sounds fine except the only way you can book a Points & Cash rate is if you have points – and you cannot have points unless you are a Club member! So, maybe it is supposed to be for elite’s but this is a soft-launch?
At any rate, here is how it breaks down on a room that is 60,000 points per night:
This works for any hotel and the best deal is had if you purchase the largest cash option. The reason this is great is that if you book the room and then cancel it (using Points & Cash), they will not refund you the cash but will refund you the points. So in the example above, if you use 40,000 points and $100 cash for a 60,000 point room, after cancelling, you will receive a full 60,000 points back and no cash. That means you have purchased the extra 20,000 points for $100 = .5 cents per point!
That is a really good deal and could be a winner for the upcoming PointBreaks hotels today since it now means you can book one of those for only $25!
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