IHG Reward Club Premier Credit Card 140,000 point bonus!

The IHG Rewards Club Premier Credit Card from Chase has a bonus of 140,000 points right which is the highest it has ever been. This should get you at least several free nights at IHG brand Hotels including; Holiday Inn, Crown Plaza, Candlewood Suites, InterContinentals and more. Redemptions start at 5k points, so you could possibly get up to 28 free nights out of the bonus (not counting the 4th night free.) I'm not sure if you will be able to find them at that rate but I have been able to find redemptions for 10,000 at Candlewood Suites.

The minimum spend is $3,000 to get the bonus. The $89 annual fee is higher than the old IHG card ($49). Benefits include a $100 statement credit toward Global Entry or TSA Pre-Check every 4 years, purchase and travel protection, cell phone protection of up to $800 per claim and $1000/year when you use it to pay your bill and a free anniversary night every card anniversary. So if you keep the card and use the Anniversary night alone you would be getting your money's worth. The anniversary night can be up to 40,000 points. If you have the old card do not upgrade it! You can have both cards and enjoy the benefits of both.

Spending on this card will only earn a good rate of return when spending at IHG. IHG points are worth about .6 cents which is considerably less than Ultimate Reward Points. You can earn 25 points per dollar at IHG including the 10 for being an IHG rewards club member, but I have enough points I will not be doing this anytime soon. For restaurants, groceries and gas stations your earn 2 pts/dollar and 1 on everything else.

By holding the card you also get Platinum Elite Status, which has some reasonable perks like complimentary room upgrades and earning extra points. You also get the fourth reward night for free which is a great benefit.

I like this card so much that I made my wife get it even though I have the old IHG card as well. We hate spending money on hotels, but with around 300,000 points we won't have to worry about that for awhile.

Mike