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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
If you take advantage of an offer on our site, Slickdeals may receive a commission.
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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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Sure.
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.
Sure.
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.
Also no way to ever earn better than 2x points other than travel spending specifically in the C1 portal.
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).
No, but of course the CSR does
In your opinion, if this IHG card gets 5 points on travel, gas stations and restaurants then is that better than 3 points on the premium cards like Sapphire Reserve, Capital One Venture X, Amex Platinum? These point systems are so confusing to me, I mainly get these cards to churn the sign up bonuses. I currently have Capital One Venture X as daily spender and just got approved for this IHG card.
Thank you, I thought it was me who couldn't do math 😂 said the same thing.
IHG points are worth roughly 0.5 cents each. You can occasionally find better or worse redemptions than that but it's a solid average... So 5 points is cash equivalent of 2.5 cents. Even if we pretend you're going to earn enough this way to use the 4th night free benefit on an exactly 4 night stay (meaning you're getting 25% more value) that's still only .625 cents a point, and only works in that exact circumstance.
Chase points are worth a MINIMUM of 1.5 cents if you have a CSR, and potentially 2-8 cents a point via transfers to airlines or Hyatt hotels.... so 3x would be 4.5 cents cash equivalent at a minimum, potentially 6 to as much as 24 cents on the high end.
The IHG card is great for:
The signup bonus
Getting a 4th night free with redemptions
Status with IHG (though this isn't as valuable as some other hotel chains)
It's generally worthless for actually doing any normal spending on beyond the bonus.
Same is typically true of ALL hotel branded credit cards (and usually airline ones too) with rare exceptions (Like putting Hilton resort spend on an aspire card to use the $250/yr resort credit- or charging Marriott charges to a Marriott amex if you ALSO have a Marriot amex offer on the card)-- which makes some sense- a co-branded card has two fingers in the pie instead of just one with a first party card.
These point systems are so confusing to me, I mainly get these cards to churn the sign up bonuses. I currently have Capital One Venture X as daily spender and just got approved for this IHG card.
They do require some research, and the fact each works a bit differently can be confusing at first- but once you get the basics of each system it's not terribly bad to understand the potential values and compare them.
It can be a BIT tougher comparing the flex point systems to each other... depending on where you are going, how flexible you are, where you're leaving from, and other factors, a given person might PERSONALLY value Amex points more than Chase for example.... or vice versa.... but that's why I try and stick to the minimum 1.5c value for chase for example, and potentially you can do a fair bit better with transfer.
Better at what?
The Cap One deal, if you transfer points to an airline and use them for a high value (likely business class) redemption, would have probably have a higher cash-equivalent value and would get you options on what airline(s) to use since there's multiple places to transfer them.
But then the card itself is pretty garbage for anything after that compared to other options so you're almost certainly going to want to close or downgrade it after 1 year since you get no value out of the annual fee after that.
The IHG card on average you'll only get about $1000ish bucks out of the points in terms of IHG stays and that's the only useful thing to do with it (avg value of about 0.5 cents, with a 25% bump if you can leverage the 4th night free for all uses of those points)-- note that's on average, you can certainly manage some better redemptions but they're uncommon.
But it's a worthwhile card to continue to hold long term, since you get IHG status and a free night every year for the annual fee and the free night alone will usually be worth more than the fee is... (though as already covered it's also not really worth putting spend on after you get the bonus)
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If you had an existing account you should have entered it when you filled out the application.
If you didn't they likely created a new one for you so you'll likely need to contact IHG support and get them merged (assuming you have anything in the old account worth saving)
Is there a phone# to call them?
Is there a phone# to call them?
Just wait a day or two, I got same message, then I got email with approval in 2 days. First time I ever didn't automatically get approved on a chase card
Someone indicated the email said 4/13/23
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I could see 175,000 this afternoon. Thought of applying after returning home but back to 140,000 everywhere now.