InterContinental Hotels Group is offering a bonus when purchasing points through September 22, 2014. You can get up to a 100% bonus with the more points you purchase. You can purchase a maximum of 120,000 points per calendar year.
So let’s assume you are planning to purchase within the 26,000-60,000 point range where every 1,000 points costs $11.50. With the bonus offer you will essentially be purchasing points at .58 cents per point. This is actually a great value to purchase points, and much better then the .7 cents per point roundabout method (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. Obviously not good for those that want the cash back, but good for those that want more points).
Now, if you plan on taking advantage of the current “Into the Nights” promotion and were thinking of doing mattress runs (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.
You can purchase points here.