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We posted recently about how (until Friday) you can buy IHG Rewards Club Points for just £3.95 per 1,000 and how that allows you to book PointBreaks hotels for under £20. Using the same method to buy cheap Points, you can also get massive IHG discounts at the other end of the spectrum too and bag yourself a luxury bargain!
Check out the previous post for the details on how to generate cheap IHG Points – for the purposes of this article we’ll simply use a figure of £39.50 per 10,000 IHG Points.
The most expensive IHG hotels go for 60,000 Points, so that means you can potentially book any Intercontinental hotel for £237. That’s still a lot of money of course, but much, much less than what cash rates can be.
Let’s start with an extreme example: Times Square New York on New Year’s Eve. The cash rate for the Crowne Plaza there is a staggering $1945.30!
There wasn’t any award availability at the Intercontinental Times Square when I checked, so we’ll stick with the Crowne Plaza to show a ‘live’ example. As ludicrous as $1945.30 for a 1-night stay is, the total price is actually even worse when you add on tax: $2265.73, which works out at about £1,770.
As you can see in one of the images above, there was also award availability for 50,000 IHG Rewards Points. It is currently possible to purchase 50,000 Points for £197.50 – that’s just over 11% of the cash rate!
In other words, you can save almost 89%!!!
More typical IHG discounts
Ok, that was definitely an extreme example, but there’s plenty of money to be saved on normal dates too. Here’s just a couple of examples:
Rates at the Intercontinental Park Lane London are often north of £400 per night:
or you can use 60,000 IHG Points, which would cost ~ £237. A saving of just under 50%!
The Intercontinental Amstel in Amsterdam is often ~£320 at weekends:
or (if there is award availability which can be relatively tough to find for this one) 50,000 IHG Points, which you could buy for ~£197.50. That’s a saving of about 38%.
Whether you use IHG Points for PointBreaks or a high-end splurge, there is plenty of potential value to be had by buying them for ~£3.95 per 1,000.
It’s also worth pointing out that the cash rates I’ve compared to here are the lowest non-refundable rates, whereas Points bookings are usually flexible (the New Year example is nonrefundable whether using Points or cash).
That said, I still wouldn’t advise buying Points speculatively at this price – only if you have a clear plan of what you are going to use them for and why that will save you money.