Updated June 6th, 2019
June 2019 represents a very sad reckoning for IHG Rewards Club points. After numerous searches resulted in findings of no award availability, I’m assigning an ACRV value of just .29¢. This represents a 34.3% decline in value since I last evaluated. Our average IHG Rewards Club points value excluding zeros was significantly better, .46¢.
Though not particularly valuable as a transfer option, IHG Rewards Club points are quite easy to earn. Stays at most IHG properties will net one 10 points per dollar spent. This would mean that one is earning a 2.9% award return, if one was to take our ACRV at face-value. Furthermore, one could pair this with a credit card that earns bonus points on travel, like the Sapphire Reserve. Earning 3 Ultimate Rewards per dollar worth 2.19¢ each, plus 10 IHG points worth .29¢ each, one would effectively earn a 9.46% rebate on each stay!
|Current||Previous Period||$ Change||% Change|
|30 Day Average||0.25¢||0.38¢||-0.13¢||-33.16%|
|90 Day Average||0.32¢||0.49¢||-0.17¢||-33.79%|
|30 Day Non-Zero||0.40¢||0.48¢||-0.08¢||-16.01%|
|90 Day Non-Zero||0.51¢||0.54¢||-0.03¢||-4.63%|
As mentioned above, blacked out award availability is absolutely crushing this months IHG Rewards Club valuation. I really hate arbitrary rules like this. Why a hotel would punish a customer loyal to the brand is beyond me.
The award availability table above is quite terrible. That said, there was one bright spot in an otherwise dreary valuation, our best redemption. A week-long stay at the InterContinental London Park Lane will cost the IHG Rewards Club member 420,000 points or $3,283. This provides a redemption value of .78¢. While this is better than the best we could do last reckoning, it would still be a waste of an Ultimate Reward to redeem at this rate.
Co-Branded Credit Card Option
Despite a lackluster award program, The IHG Rewards Club Premier credit card from Chase is one of the better co-branded offerings available. It offers an 80,000 point signup bonus, currently worth $232. Additionally, a free anniversary night, automatic Platinum Elite Status and a fourth night free benefit on award bookings are offered to the cardholder. A 25 points per dollar earn rate on IHG stays is also advertised. However, I find this to be a bit of a marketing gimmick, as only 10 of those are due to use of the card, the balance coming from points on stays. In reality, the savvy points and miles traveler would book using their Sapphire Preferred, Reserve or Citi Prestige for a better overall return on spend.