Chase IHG Rewards Club Premier Card Review: 140,000 Points + First Year Annual Fee Waiver (Highest Ever)

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Highest offer ever. The Chase IHG Rewards Club Premier credit card is the IHG hotel co-branded card that includes special IHG perks like a free night award every year you keep the card. The current limited-time offer is the best offer ever, with 140k points and the annual fee waived for the first year. (I just applied for this card earlier this year, at 140k but no annual fee waiver.) Here are the highlights:

  • 140,000 bonus IHG points after $3,000 in purchases within the first 3 months.
  • Free Night award after each account anniversary year at eligible IHG hotels worldwide. Valid at IHG Hotels with a current point redemption level of 40,000 points or less. An additional free reward night when you redeem points for any stay of 4 or more nights.
  • 25X points total per $1 spent when you stay at an IHG hotel.
  • 2X points at gas stations, grocery stores, and restaurants and 1 point per $1 on all other purchases.
  • Platinum Elite status included as a Premier card member. IHG points also don’t expire when you are an Elite member.
  • Global Entry or TSA PreCheck® fee credit of up to $100 every 4 years as reimbursement for the application fee charged to your card.
  • No foreign transaction fees.
  • $0 introductory annual fee for the first year, then $89

Please note the following:

This product is not available to either (i) current cardmembers of this credit card, or (ii) previous cardmembers of this credit card who received a new cardmember bonus for this credit card within the last 24 months.

This offer is for the new “IHG Club Premier” card, so this language means that if you have the older and different “IHG Club Select” card, you can still apply for this card and get the sign-up bonus.

What can you get with IHG points? The best redemption value for IHG points is for free hotel nights. The other options offer significantly less value. While the points don’t translate directly to a dollar value, but overall you should expect around 0.60 cents of value per point, which would make 140,000 IHG points worth an estimated $840 value. You can perform the calculations for hotels that fit your needs. I tried a bunch of other various combinations and got between 0.5 cents and 0.8 cents per point equivalent value.

(IHG points are worth less than other points like Hyatt or Chase Ultimate Rewards points, but you get a lot more of them with this bonus!)

IHG stands for Intercontinental Hotel Group which has over 5,000 hotels including the following brands:

  • Intercontinental Hotels & Resorts
  • Crowne Plaza
  • Kimpton
  • Holiday Inn, Holiday Inn Express
  • Staybridge Suites
  • Candlewood Suites
  • Hotel Indigo
  • EVEN Hotels

IHG points expire after 24 months of inactivity, so if you keep up your activity then you can save up these free nights for later. Chase Ultimate Rewards points also convert to IHG points.

Total of 25x points per $1 spent when you stay at IHG. Here’s how this breaks down: Earn 10X points per $1 spent as an IHG® Rewards Club Premier Credit Cardmember + 10X points per $1 spent from IHG® for being an IHG® Rewards Club Member + 5X points per $1 spent from IHG® with Platinum Elite Status, a benefit of this card = total of 25X points total at 5,400+ IHG® hotels & resorts.

I would book my IHG nights on this card, but not my everyday purchases on an ongoing basis.

  • 2 IHG points per $1 spent at gas stations, grocery stores, and restaurants.
  • 1 IHG point per $1 spent on all other card purchases

I would keep this card if you can use the anniversary night certificate with the 40,000 point maximum value. You should be able to get $89 value out of it as long as you need a hotel night. Stay must be completed within 12 months from date of issue.

Don’t want a card with an annual fee? The no-annual fee Traveler version is now offering 100,000 IHG points.

Bottom line. The Chase IHG Rewards Club Premier credit card has a current sign-up bonus boost of 140,000 IHG points with no annual fee the first year ($89 normally). This is a limited-time offer and the highest bonus size ever. If you’ve been thinking about this card, now is the time to apply. As with most of these co-branded cards, the best value is obtained if you can redeem for IHG hotel nights.

I will be adding this to my list of Top 10 Best Credit Card Bonus Offers.

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Comments

  1. It looks like they removed the Select version and replaced it with the higher end Premier and a lower Traveler versions. Premier has 100k bonus points, free annual night and $89 fee. Traveler has 60k points, $29 fee but no annual free night. The previous Select had benefits and cost in between. The fee is more like $49 but got the free night.

    I’ve had the Select version of the card and its been a very good card. For my needs I can usually get a $100-150 hotel room for 15k-25k points. So yes I agree with the 0.6 value of points. Also that free annual night is worth the annual fee if you can use it for a more expensive room. I got a ~$300 room this summer for that.

  2. It appears that IHG May be discontinuing the Point Breaks program.

    https://thepointsguy.com/news/ihg-pointbreaks-discontinued/

    • Thanks for the heads up. I’ve never had the flexibility to use a PointsBreak redemption, but they did seem like a great deal at 5k. For IHG’s part, they were probably rooms that they knew were going completely empty anyway, so not sure why they wouldn’t at least keep some around.

  3. Do you have to redeem for travel can I redeem for something like gift cards, or more traditional purchases?

  4. Douglas Fitzgerald says

    How many cards do you usually get in a given year? Also, how many bank accounts do you open? Will it hurt me to open a bunch of new bank accounts for the bonuses?

    • The specific number varies from year to year and depends on the quality of offers, but in the current environment my wife and I split things up so one person gets Chase offers (limited to 5 every 24 months) and the other person gets the other offers from Citibank, Barclaycard, American Express, Bank of America, Capital One (up to 6 a year or so). I also open several bank bonuses a year depending on offer quality, and as long as they don’t check your credit score (hard credit pull), I’ve never really had a problem with quantity.

  5. Ann Kress says

    It looks like the points offer is now 125,000 points after spending $3,000 in 3 months. Is it still worth it or should I wait for another better offer?

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