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Buy cheap IHG Points
If you haven’t come across Points + Cash bookings before, these are bookings that allow you to pay on a part points / part cash basis. For example, if a room normally requires 60,000 points for an award night, you will be offered a range of options to use differing amounts of points, making up the rest with cash. The normal rates are:
- 60,000 points
- 55,000 points +$40
- 50,000 points +$70
- 45,000 points +$99
- 40,000 points +$125
One of the quirks with IHG Rewards is that if you book a Points + Cash night and then later cancel it, you don’t get 40,000 Points + $100 refunded – you get 60,000 Points back into your account instead. This has become known as the points+cash+cancel trick. It’s a not-so-secret way of buying points at a discounted rate that has been around for many years.
Until Friday though, there is an additional 20% discount:
This means that 20,000 Points now only cost $100, or 0.5 cents per Point – which is a smidge under 0.4p per Point at the current exchange rate . This is the cheapest rate I can remember seeing.
You said hotel stays for under £20?
IHG’s latest Pointbreaks list should go live a little later today.
All Pointbreaks hotels require just 5,000 IHG Rewards Points per night, and you can buy 5,000 Points using the above method for ~£19.75.
Despite the fact that the Points + Cash + Cancel trick has been around for ages, I wouldn’t go mad and start making lots of Cash + Points bookings and cancellations, but a few would be entirely justifiable…