If you follow other blogs, you may have seen the new IHG card offer of 120,000 points advertised. It’s true – it is an all-time high for this card on a public offer. But, is the offer worth considering, even at an all-time high?
New IHG Card Offer at 120,000 Points
Here are the details on this new IHG Premier credit card offer:
- Earn 80,000 bonus points after you spend $2,000 on purchases in the first 3 months from account opening.
- Plus earn an additional 40,000 bonus points after you spend $5,000 on purchases in the first 6 months from account opening.
- Plus, earn 10,000 bonus points after you spend $20,000 on purchases and make one additional purchase each account anniversary year.
- This product is available to you if you do not have this card and have not received a new cardmember bonus for this card in the past 24 months.
- Platinum Elite Status
- Fourth Night Free on Reward Stays
- Free anniversary night at hotels that cost 40,000 points per night or less
- 20% Discount on purchasing IHG points
- Annual fee: $89
- $50 statement credit
- Link: IHG Credit Card Offer (this is not an affiliate link)
Why Do I Think This Offer is Too Late?
One thing about the award hobby – we cannot really cry about spilled milk, otherwise known as Award devaluations and credit card devaluations. They happen, we move on.
But, because of these things, we do need to take a closer look at what offers are worth it for us to apply for in this current reward environment. Before you apply for this all-time high IHG Premier credit card offer, consider these things:
- IHG PointBreaks
- The IHG PointBreaks are a shadow of what they used to be and most of them cost 2x-3x what they used to
- IHG award categories
- IHG has added award categories so now the top hotels cost 70,000 points per night
- Free Anniversary Night
- The old one used to be available for any IHG hotel Now, it is only for hotels at the 40,000 point and below. This puts it at a mid-level redemption offer and something that may not present as good value for a keeper
- Platinum Elite status
- IHG has made the new top tier as Spire and that strips the Platinum status of some function
- Chase 5/24
- With this being a Chase card and Chase being as restrictive as they are on issuing new cards (and other issuers following suit), applying for a card that may not present great value to you should be one you pass on unless you have a compelling reason to get it.
If you have a reason for racking up the IHG points, go for this offer. It is the highest and it is a good one. But, IHG points are no longer worth getting just to have for good PointBreaks redemptions or spontaneous weekend getaways to major cities. Staying at a top tier hotel will mean you only get 1 night with this bonus (and have 50,000 points left over).
What do you think about this new IHG Premier card offer?