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IHG One Rewards moved to dynamic award pricing in 2020. Besides, I am nonetheless discovering it straightforward to get glorious worth from IHG factors. Specifically, I commonly get considerably greater than TPG’s valuation of IHG One Rewards factors (0.5 cents per level).
Fortunately, IHG periodically affords purchase factors promotions that allow loyalists enhance their account steadiness. The very best one — a 100% bonus promotion — sometimes seems a number of instances annually. When IHG affords a 100% bonus purchase factors promotion, you should purchase IHG One Rewards factors for simply 0.5 cents per level. When my account steadiness will get low, I at all times anticipate a 100% bonus earlier than shopping for factors.
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Properly, IHG’s 100% bonus purchase factors promotion is again. Particularly, IHG is providing a sale with as much as a 100% bonus from Oct. 10 to Oct. 21, 2022. Let’s take a better take a look at this IHG purchase factors promotion and whether or not you must take into account it.
Ought to I purchase IHG One Rewards factors now?
Pre-pandemic, my husband and I’d sometimes purchase the utmost variety of IHG factors annually throughout a 100% bonus purchase factors promotion. In any case, IHG purchase factors promotions don’t get higher than 0.5 cents per level, and we may simply get greater than 0.5 cents per level when attempting to maximize IHG One Rewards redemptions.
It’s nonetheless straightforward to get greater than 0.5 cents per IHG level on many stays, and most IHG award bookings are versatile till shortly earlier than your arrival date. So, you should purchase IHG One Rewards factors now and snag low award charges for upcoming journeys with out a lot threat.
Nevertheless, keep in mind that IHG makes use of dynamic award pricing. So, though we’re nonetheless seeing the optimistic aspect of dynamic award pricing with low award night time charges in lots of areas, costs and award charges will seemingly rise as journey demand continues to extend. And IHG may determine to alter its award pricing algorithm at any time to offer a decrease redemption worth.
Associated: What’s IHG One Rewards elite standing value?
IHG purchase factors sale particulars
IHG’s present purchase factors sale affords members as much as a 100% bonus on IHG One Rewards level purchases. You’ll must buy a minimal variety of factors to unlock the bonus (for me, the minimal is 30,000 factors).
You may solely buy 150,000 IHG factors per calendar yr. Nevertheless, if you are going to buy 150,000 factors for $1,500 throughout this sale, you’ll get a complete of 300,000 factors.
Notice that time purchases are nonrefundable and it could take as much as 72 hours for bought factors to seem in your account. Moreover, you could have a special provide than is reported above. In any case, the provide phrases observe it’s an “unique, nontransferable provide for meant recipients solely.” You may test your provide by going to IHG’s purchase factors web page and logging in.
Associated: 6 methods IHG ought to enhance its loyalty program
Are IHG factors value it?
This purchase factors deal is a stable solution to scoop up IHG factors cheaply. As I discussed above, getting greater than 0.5 cents per level in worth out of your IHG One Rewards factors is at the moment straightforward.
For instance, take into account a weekend keep on the Lodge Indigo Austin Downtown-College in Austin. For a pattern two-night keep in Jan. 2023 with free cancellation till the arrival date, you could possibly pay $465 or 63,000 factors.
With a 100% bonus, you could possibly get 64,000 IHG factors for $320 after which redeem these factors for a two-night keep. By doing so, you’d get your two-night keep for $145 lower than when you’d booked a paid price.
And when you’re eligible for a fourth-night reward when paying with factors, you could possibly keep for 4 nights with the identical variety of factors you’d want for a three-night keep.
Take a look at your upcoming journey plans to see if it can save you cash by buying IHG factors as a substitute of paying money in your stays. In the event you can, shopping for factors could also be value it.
Associated: Must you purchase IHG Rewards factors or switch factors from Chase?
Ceaselessly requested questions on shopping for IHG One Rewards factors
You’ll have different questions on shopping for IHG One Rewards factors. Listed below are a number of the most typical:
How else can I earn IHG One Rewards factors?
This purchase factors promotion isn’t the one solution to earn IHG One Rewards factors.
For instance, you could possibly join the IHG® Rewards Premier Credit score Card. Along with a good sign-up bonus provide, this card affords different IHG-specific perks, together with the precious fourth-night reward perk. This perk will aid you stretch your IHG factors additional whenever you redeem IHG factors for stays of 4 nights or longer.
You can even switch factors from Chase Final Rewards to IHG One Rewards. Nevertheless, I don’t often advocate doing this. In any case, TPG values Final Rewards factors at 2 cents per level, which is an entire 1.5 cents per level greater than IHG factors. As such, you’ll sometimes discover extra worth whenever you switch Final Rewards factors to different packages.
Bilt Rewards factors additionally switch to IHG One Rewards. Nonetheless, you’ll often get a greater worth out of your Bilt Rewards when transferring to a higher-value companion like American Airways AAdvantage or World of Hyatt.
Take a look at our information to incomes IHG One Rewards factors for extra concepts.
Associated: Why I’m comfortable to pay the annual payment on the IHG Premier Card
How a lot does it value to purchase IHG One Rewards factors?
Members can at the moment purchase IHG factors for as little as 0.5 cents per level. When there isn’t a purchase factors promotion, you’ll must pay between 1 cent and 1.35 cents per IHG level.
Which bank card ought to I take advantage of to purchase IHG factors?
While you purchase IHG factors, factors.com processes the transaction as a substitute of IHG. Your buy gained’t code as journey, and also you gained’t earn a journey class bonus when you use one of many prime journey rewards bank cards. So, you’ll need to use among the best playing cards for on a regular basis spending to earn bonus factors in your buy.
Associated: The very best bank cards for getting factors and miles
Backside line
When IHG One Rewards affords a 100% purchase factors promotion, it’s time to contemplate whether or not you want extra factors for any upcoming redemptions. However, since IHG makes use of dynamic pricing, shopping for factors will be dangerous when you aren’t 100% certain you’ll go on the award journey you e-book with the factors you’ve bought.
Further reporting by JT Genter, Joseph Hostetler and Andrew Kunesh.
