Don't miss out! Join the thousands of people who subscribe to our once-daily email or our free miles and points Facebook group with all the best travel news. Some links on this page may pay me a commission - as always, thanks for your support if you use them
Chase has been in the blogs a lot lately. Changing rules (not always for the better) and offering new cards, we’ve been writing up quite a few posts on the news. Chase and IHG have grown their partnership now to include two new credit cards. Let’s take a look at the IHG Premier card.
IHG Rewards Club Premier Credit Card
Let’s skip straight to the important stuff:
- Sign-up Bonus: 80,000 bonus IHG points after $2,000 spent in 90 days (compare this and other hotel cards here)
- Authorized User Bonus: 5,000 Bonus Points for an Authorized User card’s first purchase
- Earning Structure: 10x on IHG, 2x on gas/groceries/restaurants, 1x on everything else
- Status: Platinum Elite Status
- Points Purchase Discount: Save 20% when purchasing IHG points and paying with your IHG credit card
- No foreign transaction fees
- Staying put for a while? Get the 4th Reward Night Free on any 4 night minimum stay booked with points.
- Global Entry/TSA PreCheck credit
- Free Anniversary Night (capped at 40,000 points)
- $89 annual fee
Hmmm…a lot has remained from the old IHG card. Platinum Elite status is nice, though now you’re paying $89 for it (instead of $49 with the old card). The sign-up bonus is what we’re used to seeing on the IHG card anyway. If you wait long enough, I bet the offer will go down to 60,000 points for $1,000 spend. Want to wait even longer? You might even see 100,000 IHG points for $2,000 spend. You’ve also got no foreign transaction fees, and the earning structure on gas, groceries, and restaurants remain at double points.
What changed? The IHG Premier card will give you Global Entry credit (check out the comments, it looks like plenty of people still need it!). The 4th Reward Night free is new, and reminds me of SPG’s 5th night free on award stays…only better. Keep in mind though, you’re losing the 10% points bookings rebate, which is really valuable if you’re booking a lot of stays. I only stay 2-3 nights at one property typically, so the 4th night free provides virtually no benefit to my travel habits. One change for the better – 10x points on IHG stays now, instead of only 5x!
You’ll also still get the free anniversary night, but it’s capped at 40,000 points. I might be the only one saying this, but a free anniversary night is still a free night, even if it’s capped at 40,000 points. I hear you – no, it’s not as good as an unrestricted free night. But let’s be real guys, we all knew that had to come to an end eventually.
So, Should You Open the IHG Premier card?
Yes. I think the IHG Premier card still offers a decent value. BUT, don’t rush into it. For example, I wouldn’t let this card derail my application plans if I had a certain trip to work for. I certainly wouldn’t let this card get in the way of my 5/24 slots (if I had any left).
I also don’t think this is a card you’re going to hold onto for very long. The previous IHG card, with it’s unrestricted free night, was a common “hold forever” card for our community. Now you’re paying $40 more every year for less benefit. No bueno. I will say though, if you have a particular IHG property under 40,000 points that you can use the night at, maybe somewhere you visit frequently, this card still earns a sock-drawer spot.
For the rest of us? This is a watered down version of the previous IHG card, with only a few interesting benefits. I’ll wait until the sign-up bonus goes up to 100,000 IHG points (fingers crossed) and sign up then. I’ll keep it for a year, get my free night, and promptly cancel the card.
If you do plan to open the card, you can support the site through the top credit card offers link in the menu at the top of the site