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With Chase refreshing the IHG co-brand portfolio, the no annual fee card gets updated too – and shockingly, to me at least, they’ve come out with an unprecedented initial bonus offer for it.
That bonus can be a reason to get the card, and keep it because it makes the points that you have more valuable.
- Initial bonus: earn 120,000 bonus points after spending $2,000 on purchases within the first three months of account opening.
- Earn for spending: 5 points per $1 spent when you stay at an IHG hotel; 3 points per $1 spent on purchases on monthly bills, gas stations, and restaurants; 2 points per $1 spent on all other purchases. I don’t view this card as top of wallet for ongoing spend.
- 4th night free on redemptions: This makes your points worth more when you redeem for a four night stay and it only costs you the points for three nights.
- No foreign transaction fees: worth noting because it’s a no annual fee card.
- Elite status: IHG Rewards Silver (the card didn’t used to come with status at all), eaern Gold after $20,000 spend on the card in a calendar year. And $10,000 spend on the card in a calendar year by the way also provides 10,000 bonus points.