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IHG® Rewards Premier Credit Card Expired
175k Points
w/ $3k Spent in 1st 3-months
Best Points Offer Ever - Chase is offering 175,000 Bonus Points after spending $3,000 on purchases in your first 3 months from account opening with the IHG® Rewards Premier Credit Card . Annual Fee is $99.
Thanks to staff member EfficientGame645 for finding this deal.
Card Details:
Slickdeals may be compensated by Chase
Thanks to staff member EfficientGame645 for finding this deal.
Card Details:
Slickdeals may be compensated by Chase
Original Post
Written by
Edited April 12, 2024
at 08:32 AM
Best Points Offer Ever - Chase is offering 175,000 Bonus Points after spending $3,000 on purchases in your first 3 months from account opening with the IHG® Rewards Premier Credit Card. Annual Fee is $99.
Card Details:
Slickdeals may be compensated by Chase
Card Details:
- Best Points Offer Ever - Earn 175,000 Bonus Points after spending $3,000 on purchases in the first 3 months from account opening
- Enjoy a Reward Night after each account anniversary year at eligible IHG hotels worldwide. Plus, enjoy a reward night when you redeem points for a consecutive four-night IHG® hotel stay.
- Earn up to 26 points total per $1 spent when you stay at an IHG hotel
- Earn 5 points per $1 spent on purchases on travel, gas stations, and restaurants. Earn 3 points per $1 spent on all other purchases
- Platinum Elite status as long as you remain a Premier card member
- Global Entry, TSA PreCheck® or NEXUS Statement Credit of up to $100 every 4 years as reimbursement for the application fee charged to your card
- IHG Rewards bonus points are redeemable at hotels such as InterContinental®, Crowne Plaza®, Kimpton®, EVEN® Hotels, Indigo® Hotels & Holiday Inn®
Slickdeals may be compensated by Chase
Created 01-27-2023
at 12:36 PM
by EfficientGame645
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Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser.
It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.
Opinions expressed here are the author's alone, not those of any bank, credit card issuer, airline or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.
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Lol there aint no 90k CSP offer!
How did you get approved for two chase cards?? My whole family can't get a chase card.
Generally, after the end of the statement.
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But you can call customer service to expedite the delivery (they will just do a lost&replace for you, so that you don't need to wait for the slower USPS mail)
The IHG card gets you 10x extra IHG points for IHG bookings (they say 26x, but that's only 10x from using this card, the other 16x you get no matter what card you use on top due to plat status and being a member at all)... at ~0.5 cents a point that's ~5 cents a point in rewards- but only usable at IHG specifically. Bonvoy is indeed marginally worse, the best getting you roughly 4.5 cents a point in rewards only usable at Marriott.
But both suck and shouldn't be used compared to better, more flexible point, cards.
Citi if you're lucky enough to still have a Prestige card gets you 5x TY points, which are worth a minimum of the same 5 cents if used in the lower-value ways of using them but are usable at virtually ALL hotels (and airlines) at that value-- and if you do point transfers the value goes even higher.... so the IHG card sucks in comparison for spend even at IHG (and it's FAR worse for spend anywhere else)
Same is true of the UR and MR cards from Chase and Amex which offer a lot more value and flexibility on your point earnings of all types of spend, even IHG spend, compared to the IHG card... Book an IHG through the chase portal on your CSR and you get 10 Chase UR for it... Who would rather have 10 IHG points than 10 chase UR? Nobody- that's who.
In short if you travel much, it never makes sense to put ANY spend on the IHG card once you earn the signup bonus compared to spending it elsewhere for better, more flexible and/or valuable, rewards on other travel cards. It DOES once in a rare while make sense putting spend on a Marriot Card-- specifically if you have an Amex one- becuase once in a while you can get an Amex offer for marriot, which stacked with the ~4.5c/dollar spent earn, lets it beat the flex point cards for that specific transaction.
It's still worth having the IHG for the free night for $99 and the platinum IHG status (which is low, but not 0, value)... but that's about it. (same with marriot cards where the other perks make them a keeper year over year, but not the normal spend rewards which likewise suck)
I guess the question is spend on what?
You always want to get all the spend you can into bonus categories when possible.
That said, if you are looking for hotel value for points specifically, Chase points transferred to Hyatt will be the highest cash equivalent, where you can often get north of 2 cents a point... (and if you stack with with getting your spend into the 3x or 5x spend categories on a couple of Chase cards can add up nicely)
Typically you'll get better value for flights than hotels other than the Hyatt method...(and biz and first flights will routinely give higher value than even Hyatt point bookings)
There's also the option to get 1.5c/pt for chase points via the travel portal, which you again want to stack with spend in the bonus categories where you can.
But as I mentioned in my previous post even the lesser math typically has you getting the same value per point as using a dedicated hotel card, but with the added bonus of being able to use them at lots more hotels than the single brand... and for cases of getting spend into bonus categories or for transfers to hyatt and airlines you beat that handily.
IHG points? Transfer to airlines is at a 5:1 ratio, so the value is pretty terrible for things like coach flights.
You MIGHT be able to make it worthwhile if you were booking business or first class flights, but you'd need a LOT of IHG points to start with.
If doing that and you had enough for a sweet spot type booking you might manage something like 1-1.5 cents per IHG point.
Sign into Experian website or app and you can see all of the cards you've had open the last few years. That's the easiest way I've found to check 5/24 status.
That said, the Chase Sapphire Preferred (CSP) is nice and has only a $95 annual fee. 90k points (in-branch only) is worth anywhere from $1,125 in the Chase travel portal, to upwards of $1800 (or more) if you can find a deal with one of Chase's transfer partners.
CapitalOne Venture Card is pretty close to the CSP and annual fee is only $95.
5x points in their travel portal, and then 2x miles on everything else. No having to worry about which card to use for specific purchases. Also comes with a $100 credit for Global Entry or TSA PreCheck, which the CSP doesn't.
For additional research here are two links that talk about the "best overall travel credit cards". Don't take their word as gospel. But do pay attention to the categories each card has elevated earnings in. And find the one that matches your actual daily spend, versus which will cause you to spend in other areas to "get more points".
ThePointsGuy [thepointsguy.com]
NerdWallet [nerdwallet.com]
Sources:
ThePointsGuy [thepointsguy.com]
NerdWallet [nerdwallet.com]
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That said, the Chase Sapphire Preferred (CSP) is nice and has only a $95 annual fee
Which is actually worse than the $550 annual fee on the CSR for most people.
Because that cards fee drops to $250 removing the travel credit anybody traveling can use.
Then drops to $70 once you remove the value of the $15/mo instacart credits.
Then drops to $10 removing the value of the $5/mo doordash credits.
On top of that you get a $20 on average per year Global Entry credit ($100 and you'd use it once every 5 years) so you're $10 ahead on the annual fee (and $105 ahead compared to CSP)
That's before the ~$200 in free instacart+ and dashpass memberships.
And CSR offers 25% higher value in the portal for the rare cases using it makes sense (Southwest airlines is the best example of that) and better travel insurance too.
All of which makes paying $95 for the CSP a pretty bad deal in comparison unless perhaps you live in the middle of nowhere without any delivery services and can't get any use of the credits for them...
Actually, no, even then... because I left out the free priority pass membership which includes 2 free guests at airport lounges, and $56 per pair of people at airport restaurants each visit.
So like I said originally, only the 30k UR higher SUB makes the CSP at all appealing compared to CSR right now.
Normally it's the objectively worse card for folks who travel.
Similarly many other high AF cards are profitable year over year fairly easily... Citi Prestige for example is $245 after travel credit, but 1-2 uses of 4th night free (or the 2 year extra warranty) gets you net profit on it (plus PP and GE credit as well)... the Aspire has $500 in airline and hiton resort credits, plus a free (no point cap night) plus Diamond status, all for a $450 annual fee, so $50 profit BEFORE the free night or status, and I've used that free night for a >$450 room by itself.
The Bonvoy Brilliant is $650, less $300 restaurant credits- and you get a free 85k pt max award cert, which can easily cover the remaining $350, plus diamond marriot status (so free breakfast and free upgrades mainly)
The Amex Plat cards can be a bit tougher to justify year over year though- especially since they killed free Centurion lounge guests-
With that dead on the Plat biz card you're talking $695 offset by $720 in "easy" credits (200 airline, 400 dell, 120 cellphone) and potential value out of a few of the less common credits (indeed, adobe, clear) so barely profitable but requires buying stuff from Dell I guess....
On the personal card it's a pretty intense YMMV situation... $400 for "easy" airline and uber credits... leaving you $295 in the hole... but after that it's pretty variable...the equinox credit will be garbage for most but for the few who will use it you're $5 ahead now... otherwise you'd need to get at least SOME value out of multiple other ones like the digital entertainment (with only a few providers covered), Walmart+, Saks, and the hotel credit only good at luxury hotels... this card will be the hardest to justify for most vs the annual fee... Plus all the Amex cards have the low-value version of Priority pass that won't cover restaurants at all.
. 90k points (in-branch only) is worth anywhere from $1,125 in the Chase travel portal,
Of course if sticking to the portal, the 60k CSR points are worth $900....(and any points you have from OTHER chase cards are worth 25% more too compared to CSP) so if you actually get value from all the CSR credits AND intend to use the portal, you're STILL ahead going CSR vs CSP even with the bonus difference.
If you're planning to do transfers the gap in SUB could get significantly larger though- and MIGHT get larger enough for it to be worth going CSP for 1 year- then product changing to the better-value-ongoing CSR after that.
5x points in their travel portal, and then 2x miles on everything else. No having to worry about which card to use for specific purchases.
Compared to the 3x-5x you can get a lot of your normal/routine spend into with Chase cards.
Also there's VASTLY fewer SUBs available on C1 point cards than for Chase, where you can easily rack up >400,000 pts with just signup bonuses... or >500k each between you and a P1 passing signup links back and forth for >1M UR for a couple.
Making Chase the much better ecosystem overall (plus CapOne is useless for value on hotels via points, since they lack a worthwhile hotel partner like Chase has with Hyatt).