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IHG Rewards Club – the loyalty program for Intercontinental, Crowne Plaza, Holiday Inn and related brands — is offering a 100% bonus on purchased points through December 31. This applies to purchases of 7000 or more points.
At a 100% bonus purchases of 26,000 points or more cost just $0.005 apiece which is the lowest price I see them sell points for. I believe the points are worth this amount.
They do make you validate your IHG Rewards Club account information. I’ve checked a few accounts and they were offered a 100% bonus. There may be a targeted element to this, however. They have upped the maximum number of points you can purchase from 100,000 to 150,000 with this offer.
Here’s what pricing looks like maxing out the offer:
The points are processed by Points.com so this doesn’t count as hotel spend for credit card bonuses.
Club Lounge at the Intercontinental Kuala Lumpur
Personally I’d stll rather hold cash than points at this price and only buy points with a specific use in mind, especially since it’s long been possible to buy points at 7/10ths of a cent apiece whenever one wishes and sometimes less. The gain by acting right away is marginal. However you shouldn’t get hurt at this price. And it’s tied for the lowest price I’ve seen though they’ve offered it several times before.