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Switch IHG factors without cost to different members: This is how

IHG One Rewards members who maintain Diamond Elite standing or belong to IHG’s Enterprise Rewards program can now switch as much as 500,000 IHG One Rewards factors per calendar yr to different members with out paying any switch charges, as first reported by One Mile at a Time.

This is good news for vacationers like me who love redeeming IHG factors. And by chance, many vacationers could also be eligible to hitch IHG’s Enterprise Rewards program.

This is what it is advisable to find out about this new perk.

Switch IHG factors to different members

IHG One Rewards members can switch factors between accounts in increments of 1,000 factors if the sender and receiver accounts are a minimum of 30 days outdated. Nevertheless, you’ll be able to solely switch or obtain as much as 500,000 factors per calendar yr.

Beforehand, all members initiating transfers wanted to pay a payment of $5 per 1,000 factors. However now, Diamond Elite members and members of IHG’s Enterprise Rewards program who provoke transfers will not must pay this payment.

To switch IHG One Rewards factors to a different member, head right here, present the requested particulars about your IHG account to log in after which fill out the factors switch kind.

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You will want to verify the recipient’s particulars on the following web page.

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Then, you may get to a affirmation web page that states, “Your order has been obtained and might be processed within the subsequent 72 hours. You’ll obtain a affirmation e-mail as soon as your transaction completes.”

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My factors switch wasn’t accomplished earlier than writing and publishing this story. Because of this, the factors are nonetheless in my account, however we’ll replace this paragraph with how lengthy the switch took as soon as the factors arrive in my recipient’s account.

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As soon as the factors switch completes, no cancellations or refunds are permitted and the member who initiated the switch has no proper to the transferred factors. The factors switch web page says the “supply doesn’t have an expiration date and can proceed at IHG’s discretion.”

Associated: 7 methods to earn extra IHG One Rewards factors to your subsequent redemption

When and why to switch IHG factors

Frequent readers know I am an enormous fan of shopping for IHG factors, particularly when you are able to do so with a 100% bonus. In any case, a 100% bonus brings the efficient buy fee down to only 0.5 cents per level. This fee matches TPG’s valuation of IHG factors however is considerably decrease than I usually get when redeeming IHG factors. Nevertheless, you are restricted to buying 150,000 factors per yr (this cover has been elevated to 250,000 factors per calendar yr throughout the present IHG purchase factors promotion).

That is when transferring IHG factors to a different member with out a payment may grow to be helpful. When you want extra factors than the utmost quantity you should purchase in a yr, you can have one other member purchase factors after which switch them to you.

My husband and I each at the moment have Diamond Elite standing, however I anticipate solely one in every of us will be capable of requalify subsequent yr. So, we will now switch factors from one in every of our accounts to the opposite with out paying switch charges. Then, we will use that account in 2024 as we try and requalify one in every of our accounts for Diamond Elite standing.

Another excuse to switch IHG factors might be in the event you’re sharing a room with a good friend. As an alternative of making an attempt to find out a reimbursement fee or just agreeing on one other option to informally align your bills, you can switch half of the factors required for the keep to your good friend.

Associated: How one can get a 4th-night-free reward when redeeming IHG factors

How one can grow to be eligible without cost IHG factors transfers

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As talked about above, solely IHG Diamond Elite and Enterprise Rewards program members are eligible for waived charges when transferring factors to different members. So, you is likely to be questioning how one can earn IHG One Rewards elite standing or grow to be a Enterprise Rewards program member.

IHG Diamond Elite standing requires 70 qualifying nights or 120,000 qualifying factors per calendar yr. Alternatively, you’ll be able to earn Diamond Elite standing by way of Dec. 31 of the next yr in the event you make purchases totaling $40,000 or extra throughout a calendar yr in your IHG One Rewards Premier Credit score Card or IHG One Rewards Premier Enterprise Credit score Card.

Fortunately, it is comparatively straightforward to grow to be a Enterprise Rewards member. IHG’s phrases and circumstances state that “Membership in IHG Enterprise Rewards is on the market to people who’re both company bookers, enterprise journey/conferences brokers or particular person bookers.” The phrases and circumstances outline a person booker as “an individual who books Qualifying Spend at Taking part Inns on their very own behalf or on behalf of another person.” Head to the Enterprise Rewards web page to hitch this system.

Associated: Final-minute methods for incomes IHG One Rewards elite standing

Backside line

I am excited that IHG has eliminated the switch charges for Diamond Elite and Enterprise Rewards members who need to switch factors to different members. In any case, the $5 per 1,000 factors switch payment for different members makes transferring factors a poor resolution with regards to maximizing your factors. We solely advocate doing so in probably the most dire circumstances.

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