IHG® Rewards Premier Credit Card
Recommended Credit Score
At Bankrate we strive to help you make smarter financial decisions. While we adhere to strict , this post may contain references to products from our partners. Here's an explanation for . The content on this page is accurate as of the posting date; however, some of the offers mentioned may have expired. Terms apply to the offers listed on this page. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.
Recommended Credit Score
If you’re looking for an IHG credit card and do enough traveling to justify an annual fee after the first year, the IHG® Rewards Premier Credit Card can be a great option. The card carries a large sign-up bonus and some valuable perks for frequent travelers looking to earn hotel rewards, including a credit for expedited security screening, automatic Platinum Elite status and more. The Premier card also offers a great mix of practical bonus categories (including at gas stations, grocery stores and restaurants) to go along with the rewards you’ll earn on hotel bookings.
High rewards rate on IHG stays and in a number of other practical categories.
Large sign-up bonus and annual rewards.
Automatic elite status and perks.
Subject to Chase’s 5/24 rule.
$99 annual fee
Only hotel stay redemptions are a good use of points.
As a new cardholder of the IHG Premier card, you can earn an impressive 175,000 bonus points after spending $3,000 on purchases within the first three months of account opening. That's a 35,000-point boost to the card's previous offer, which came with 140,000 points after the same spend in the same timeframe. Based on Bankrate's latest hotel point valuations, which give IHG points an average value of around 0.7 cents, this new bonus could be worth over $1,200 in IHG stays. Depending on when and where you book, that could translate to up to 17 hotel stays since some IHG properties can be booked at a rate of 10,000 points per night.
Every purchase with your IHG Rewards Premier Credit Card earns you points toward your next hotel stay. For every $1 spent with your IHG Rewards Premier Credit Card, you can earn up to 25 points on stays at IHG properties, 2 points on restaurants, gas or groceries and 1 point on everything else.
The up to 25x rewards rate technically breaks down as 10x points for paying with your IHG Rewards Premier Credit Card, 10x points for being a member of the free IHG Rewards program, which is automatic upon card approval if you’re not already a member, and 5x points for having Platinum Elite Status, which also comes with the card.
While redeeming points for stays at IHG hotels is by far the best use of your rewards, you have a few other (less valuable) options, including gift cards and merchandise. You can also transfer IHG points (typically at a poor rate) to a number of airline partners, including Delta and United.
Although there are no blackout dates for IHG Rewards Club members, there may be limited availability for rooms that can be booked with points. A room’s point value depends on the property and type of room, with higher-end hotels requiring more points per night than a basic room at a Holiday Inn.
The Fourth Night Reward bonus allows you to have a complimentary fourth night when you redeem your points for a consecutive three-night stay. That’s like getting a 25 percent bonus when you use your points in this way. You can enjoy this reward an unlimited number of times per year.
The IHG points value can vary due to the dynamic pricing model IHG uses to assign point value. However, based on our latest points valuations, we estimate IHG points are generally worth around 0.7 cents each on average.
Avid travelers and hotel guests will get plenty of mileage out of this card with the numerous benefits it offers. Comparing the IHG Premier to the IHG® Rewards Club Traveler Credit Card the Premier offers better benefits hands down.
As one would expect with a travel-centric credit card, there is no foreign transaction fee on purchases made outside of the U.S.
You’re entitled to an additional night’s stay, no points needed, when you redeem points for a stay of three or more nights. Enjoy this perk as many times as you want, all year long.
Each year, after your cardholder anniversary, you’ll receive a reward night stay in any of the eligible IHG Hotels and Resorts worldwide.
As long as you remain a Premier card member, you get IHG platinum elite status automatically. This comes with a 50-percent point bonus on stays and perks like complimentary room upgrades, late checkout, guaranteed room availability, free minibar access at Kimpton hotels and a $30 spa credit for each hotel stay.
If you spend $20,000 on your card each year, you’ll automatically get a 10,000-point bonus on your card anniversary, as long as you make an additional purchase after the anniversary date.
Pay your application fee for Global Entry or TSA PreCheck with your card and receive up to $100 in fee reimbursement once every four years.
The IHG Rewards Premier Credit Card carries a variable APR of 20.24 percent to 27.24 percent. Unfortunately, it lacks a promotional 0 percent introductory APR interest period for new purchases and balance transfers, so it’s not a great choice if you need to pay off debt or finance a large purchase. The annual fee is $99.
The IHG card is great for those who are loyal IHG brand enthusiasts, but if you are brand agnostic, there are plenty of other options to consider, both general travel cards and hotel cards from competing brands. Here are a couple to consider:
Recommended Credit Score
Recommended Credit Score
This card can’t be beat when it comes to paying for your stays in hotels and resorts within the IHG family, but depending on your spending habits, it may not be the best fit for your everyday expenses. Pairing it with a flat-rate or rotating bonus cash back credit card could help you enjoy the best of both worlds.
For a simple, no-frills cash back card, the Citi® Double Cash Card is hard to beat. You’ll get a flat 1 percent cash back reward on all purchases as you make them, and then another 1 percent cash back when you pay them off, for a total of up to 2 percent back, no matter where, when or what you buy. Another great option is the Chase Freedom Unlimited®. You’ll earn 5 percent cash back on all travel booked through Chase Ultimate Rewards, 3 percent back on dining and drugstore purchases and 1.5 percent back on all other purchases.
This card could be an exceptional choice for fans of IHG and frequent travelers who are willing to make IHG their go-to hotel brand. The card carries a terrific sign-up bonus, solid rewards rate and great perks, many of which, like the Anniversary Reward, can more than offset the annual fee.
The information about the IHG® Rewards Premier Credit Card and IHG® Rewards Club Traveler Credit Card has been collected independently by Bankrate.com. The card details have not been reviewed or approved by the card issuer.
* See the online application for details about terms and conditions for these offers. Every reasonable effort has been made to maintain accurate information. However all credit card information is presented without warranty. After you click on the offer you desire you will be directed to the credit card issuer's web site where you can review the terms and conditions for your selected offer.
Editorial Disclosure: Opinions expressed here are the author's alone, and have not been reviewed or approved by any advertiser. The information, including card rates and fees, is accurate as of the publish date. All products or services are presented without warranty. Check the bank’s website for the most current information.