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InterContinental Hotels Group is offering a bonus when purchasing points through October 31, 2014. You can get up to a 60% bonus with the more points you purchase, up to a maximum of 120,000 points per calendar year.
So let’s assume you are planning to purchase within the 50,000-60,000 point range where every 1,000 points costs $11.50. With the bonus offer you will essentially be purchasing points at .71 cents per point. In my opinion, this is not the best value to purchase points, especially since they just ran a promotion back in September with a 100% bonus! This current promotion is equivalent to the “Cash & Points” loophole option where you can essentially “buy” points at .7 cents per point (Method where you can essentially “purchase” points at .7 cents per points by making a reservation using the “Cash & Points” option (so you must have enough points for that reservation) and if you cancel the reservation you will get the “Cash” portion back in points. The “Cash” portion of your reservation is essentially buying points at .7 cents per point).
Don’t get me wrong though, purchasing points at .7 cents per point can be a great option for many, but I wouldn’t speculatively buy since there have been better promos in the past. Also, you might even be able to take advantage of the current “Into the Nights” promotion and accrue points at a much less value. Doing mattress runs might even be worth it (where you check into a hotel for the sole purpose of points when you do not really need to stay at a hotel), do the math to see what your cost per point will be. I was able to figure out that I can get my cost per point down to .35 cents per point for the promotion so that is much superior then the rate of purchasing points. But, if you are looking to rack up a bunch of IHG points, you can definitely take advantage of both promotions. Just make sure to check hotel availability and that the cost of purchasing points is worth it.
I suggest doing the math for your particular stay to see if purchasing points is worth it in your scenarios. You can purchase points here.
Thanks to Magic of Miles for sharing this promotion!