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IHG is offering some members 20% off on the cash portion of a cash & points stay. This means you can buy IHG points cheaply. I wasn’t targeted for this one (Stephen was), so I have not been able to search widely, but there are usually opportunities to buy points from 0.46-0.48cpp with this deal. That’s a pretty solid deal if you have a good use in mind for the points.
- IHG has a targeted offer to get 20% off on Points & Cash bookings
- Direct link to this offer
- Must book by 10/20/18 and stay between 10/17/2018-12/20/2018
- Cash portion is nonrefundable. If your award stay is canceled in accordance with the hotel’s cancellation policy, points will be redeposited into your account
- See promotion page for more terms
If you’re targeted, this could be a solid deal for buying points. In search results, you may see some of the figures crossed out as seen below when you’re logged in and searching:
In that case, it’ll bring up rates where you’ll see the cash portion of the cash & points options discounted:
In the above example, you can use 50K points + $104 to book the hotel. When you do that, IHG will immediately charge your credit card for $104. If you later cancel, you’ll receive a total of 70K points back — having effectively bought 20K points for $104 (a rate of 0.52 cents per point).
Note that rates on the cash portion do vary a bit. When these sales happen, I usually find some options as low as 0.48 or even 0.46 cents per point, which beats the public sales at 0.5cpp. That said, those sales do come around often, so I wouldn’t buy points speculatively. On the other hand, I have a family member who needs a hotel room tommorrow night — and buying points at a rate like this would save them ~$50 over the next best option, so there are certainly times when this can come in handy.
Last updated on October 21st, 2018