Through March 26, 2016 IHG is running a discounted points + cash promotion for Spire and Platinum elites. With the discount, it is possible to purchase IHG Rewards Club points for .57 cents each.
Combining Points & Cash allows you to reach Reward Nights without the wait. As an IHG® Rewards Select Credit Card Platinum Elite member, you’ll save 15% on Points & Cash bookings* made between February 25 – March 26, 2016.
This offer is valid for all stays through April 30, 2016. So whether you are visiting relatives, conducting business or hitting the slopes, combining Points & Cash is the best way to ensure you are saving throughout the season.
You can find the full terms of the offer and search for space here.
When you books a points + cash IHG award, you pay a cash portion to make up for using less points. At some properties it is possible to pay $85 to save 15,000 points. If you book such an award and then cancel, the extra 15,000 points are deposited into your account in lieu of a cash refund.
For more information and analysis, see: this Loyalty Traveler post.