A new cardmember offer gives IHG credit card holders a 15% discount on the cash portion of a points + cash booking for reservations made by February 12th, 2017 and stays through March 31, 2017. This promotion stacks with the 10% points rebate already given to card members on all points or points + cash stays. For example, a 25,000 point hotel could be booked for 15,000 points + $59.50 before the 1500 points are rebated, for a net cost of 13,500 + $59.50. On the the other end, one could book for 10,000 points + $84.15 and effectively buy IHG points at a rate of $0.0561 per point. Some bookings bring the cost lower yet to $0.0531. Read more about it and see the terms here.
HT: Loyalty Traveler