Adam McCann, Financial Writer
@adam_mcan
IHG One Rewards Premier Credit Card rewards work by giving cardholders 3 - 10 points per $1 spent. Cardholders can then redeem these rewards for hotel stays, experiences, shopping, magazine subscriptions and more through your online account or over the phone. Those are the basics, but there are a few other things to know about how IHG Premier rewards work before you start earning and redeeming.
How IHG Premier Rewards Work
- Earn rate on purchases: 10 points per $1 spent at IHG hotels, 5 points per $1 at gas stations, restaurants and on travel, as well as 3 points per $1 on all other purchases
- Initial bonus: 80,000 bonus points for spending $2,000 in the first 3 months
- Redemption options: Hotel stays, experiences, shopping, magazine subscriptions and more
- Methods for redemption: Through your online account or over the phone
- Rewards expiration: After 12 months of inactivity
- Average value of 1 point: 0.66 cents
You can learn more about how to redeem IHG Premier rewards here on WalletHub. Keep in mind that no matter how you choose to spend your rewards, it’s always best to redeem them regularly as they don’t do you any good sitting unused in your account. Also, you should pay your balance on time and in full every month, so fees and interest don’t wipe out all of your gains from rewards.
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What are the IHG Premier categories for rewards?
The IHG One Rewards Premier Credit Card categories for bonus rewards are IHG hotel stays, travel, gas stations, and restaurants. Purchases that fall into the IHG Premier bonus categories get cardholders extra rewards compared to the card’s base earning rate.
Whether a purchase falls into a card’s bonus categories depends on “Merchant Category Codes,” which are assigned by the major credit card networks to merchants based on what kind of business they conduct. So if a merchant has the MCC for “travel,”...
read full answer by Chip Lupo, Credit Card WriterHow much are Chase points worth?
Chase points are worth 1 cent per point on average.
Chase Points Value by Redemption Method
| Redemption Method | Average Chase Point Value | Value of 1,000 Chase Points |
| Cash Back | 1 cent | $10 |
| Gift Cards | 1 cent | $10 |
| ... | 0.8 cents | $8 |
How do I redeem Chase rewards?
To redeem Chase rewards, log in to the Chase Ultimate Rewards portal and select a redemption option. Chase also allows you to redeem rewards by calling the phone number on the back of your card or by using the Chase mobile app.
How to Redeem Chase Rewards Online
- Log in to your Chase credit card account.
- Go to the Chase Ultimate Rewards portal.
- Find the list of redemption options for your Chase rewards card.
- Determine...
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