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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 September 24. 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. Oddly purchases of 26,000 points is cheaper than 25,000 points because the cost per point drops. I believe the points are worth slightly more than this.
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. The maximum number of points I am able to purchase is 100,000 plus 100,000 bonus points.
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 (just over one-tenth of a cent per point). 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.
Terms and conditions:
Offer available for purchases made between 12:00 AM ET Sept 16, 2019 and 11:59 PM ET Sept 24, 2019 inclusive. This is an exclusive, non-transferable offer for intended recipient only and may not be forwarded. Bonus points will be awarded upon completion of the transaction. Bonus points will be awarded to the recipient of the points purchase. Offer is subject to change. Offer cannot be combined with any other offer.
Price includes all applicable fees. Purchased Points are not refundable and are applicable toward all IHG® Rewards Club awards. Members may purchase a maximum of 100,000 points per calendar year and receive as a gift a maximum of 100,000 points per calendar year. Please allow 72 hours for points to post and appear in the recipient’s account. All other IHG® Rewards Club Terms and Conditions apply.