Reader Ryan C. sends me a letter than he received about his IHG Rewards Club credit card.
This $49 card has come with an anniversary free night every year that’s good at any IHG hotel. For new certificates issued May 1 onward these certificates will only be good for hotels that normally cost 40,000 points per night or less.
That’s the end of redeeming these nights at top end Intercontinental hotels in places like New York, Paris, and resort destinations such as Bora Bora.
They’re still nice, and indeed other credit cards offering annual free night perks do cap the categories of those nights. So this isn’t surprising. For more than 15 years I’ve been writing that perks offering outsized value relative to competitors will tend to regress towards the mean. That’s happening here.
However I’m more than a little chagrined that apparently even some 40,000 point per night hotels are excluded with these certificates which just feels like adding insult to injury. Here’s the list of excluded properties most because they normally cost more than 40,000 points, but not all do. The Intercontinental Kansas City, really?
We’ll have new full details, it seems, regarding additional cardmember options soon.