IHG One Rewards Premier Credit Card Review [2023]: Is It Worth the 5/24 Slot?

If you’re a loyal IHG traveler, the IHG One Rewards Premier card can help you capitalize on your spending.
Updated Nov. 27, 2023

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The IHG One Rewards Premier Credit Card boasts a generous welcome offer, earnings multiplier, automatic Platinum Elite status, and a $100 Global Entry, TSA PreCheck, or NEXUS fee credit. The Premier card offers great value if you frequent the many IHG properties around the globe.

In this IHG One Rewards Premier Credit Card review, we’ll take a closer look at everything the card has to offer — including if it’s worth the annual fee — and possible alternatives to consider.

Earn an Annual Free Night

IHG One Rewards Premier Credit Card

IHG One Rewards Premier Credit Card

Current Offer

Earn 140,000 bonus points after spending $3,000 on purchases in the first 3 months from account opening

Annual Fee


Rewards Rate

up to 26X points on stays at IHG hotels & resorts; 5X points on travel, gas stations, and restaurants; and 3X points on all other purchases

Benefits and Drawbacks
Card Details

In this IHG One Rewards Premier Credit Card review:

Who should get the IHG One Rewards Premier Credit Card?

Designed with the IHG traveler in mind, the IHG One Rewards Premier Credit Card offers a significant earnings rate for IHG stays that can help you accrue points in no time.

You’ll need good to excellent credit in order to qualify, so if you think you fall short, it may be worthwhile to improve your score before applying.

Since the IHG One Rewards Premier Credit Card is subject to Chase’s 5/24 rule — an unofficial rule that restricts the number of Chase credit cards you can open within 24 months — deciding whether to add this card to your wallet may be a tough choice to make, considering how valuable those slots are. If you aren’t staying at IHG hotels and resorts every time you travel, this may not be the best hotel credit card for you.

However, if you’re a loyal IHG traveler who can take full advantage of the card’s benefit, there’s a lot of value that can be found in this hotel credit card.

Card basics

Card type Travel
Credit card issuer Chase
Credit card network Mastercard
Annual fee $99
Intro bonus Earn 140,000 bonus points after spending $3,000 on purchases in the first 3 months from account opening of account opening
Reward rate up to 26X points on stays at IHG hotels & resorts; 5X points on travel, gas stations, and restaurants; and 3X points on all other purchases
Recommended credit score Excellent, Good
Foreign transaction fee None

IHG One Rewards Premier Credit Card benefits and perks

  • Generous sign-up bonus: Earn 140,000 bonus points after spending $3,000 on purchases in the first 3 months from account opening.
  • Earn bonus points: You can earn 10,000 bonus points and a $100 statement credit after you spend $20,000 on purchases.
  • Earn mega points at IHG hotels and resorts: You’ll earn up to 26X points per dollar spent at IHG hotels & resorts.
  • Earn points on day-to-day spending: You'll earn 5X points per dollar at travel, gas stations, and restaurants and 3X point per dollar on all other purchases.
  • Automatic upgrade to Platinum Elite status: You’ll enjoy a higher level of benefits, including no blackout dates for reward nights, rollover nights, late checkout, complimentary room upgrades, and a 50% bonus on base points, to name a few.
  • Anniversary free night: Enjoy a free night after each account anniversary year at eligible IHG hotels and resorts worldwide.
  • Fourth Reward Night free: You can earn a free reward night when you redeem points for a consecutive four-night stay at an IHG property.
  • No foreign transaction fees: No matter how many times you swipe your card to make a purchase outside the U.S., you’ll never have to worry about foreign transaction fees.
  • Global Entry, TSA PreCheck, NEXUS fee credit: Every four years, you can receive a statement credit of up to $100 as reimbursement for the application fee charged to your card.
  • DoorDash benefits: Receive a complimentary 12-month DashPass subscription if you activate by Dec. 31, 2024. DashPass benefits include $0 delivery fees for orders over $12.
  • Large IHG hotels and resorts network: Choose from a network of 16 hotels and resorts brands for any stay around the world.
  • Lost luggage reimbursement: You and your immediate family members are covered up to $3,000 per passenger for checked or carry-on bags damaged or lost by the carrier.
  • Trip cancellation/trip interruption insurance: You’ll be reimbursed up to $5,000 per trip for prepaid, non-refundable travel expenses if your trip is canceled or cut short by sickness, severe weather, or other covered situations.

Drawbacks to the IHG One Rewards Premier Credit Card

  • Annual fee: This card has an annual fee of $99. While it's relatively easy to offset the cost of the annual fee if you use your card regularly, it could be a drawback for some. 
  • Subject to Chase's 5/24 rule: As mentioned, this card is subject to the Chase 5/24 rule. Given that Chase credit cards offer a variety of valuable benefits and perks, if you aren't a loyal IHG customer, another card might be a better option for you. 

Earning & redeeming IHG One Rewards points

Potential earnings in years one and two

Here's a look at how your points can add up with the IHG One Rewards Premier Credit Card. To calculate these values, we used a point valuation of 0.5 cents apiece.

Remember, this is an estimation. The actual value will be determined by how much you spend and in which categories you spend.

Year one earnings: $1,153.50

Year two earnings: $453.50

These values are based on the FinanceBuzz Credit Card Rewards Valuation Model, which takes a look at points earned via spending, the welcome bonus, and the annual fee.

Note that these values account for general travel spending online, not spending at IHG hotels and resorts. If you're a loyal IHG guest and you use your card to book your hotel stays, you're likely to see a much larger return on your spending. It's also important to note that you get a free night's stay each year on your cardmember anniversary, and the value of that free night is not considered in the amounts above.

Best ways to earn

The IHG One Rewards Premier Credit Card can be an excellent option if you frequent IHG properties, as you can earn a whopping up to 26X points total per dollar spent at IHG hotels & resorts. 5X points per dollar spent at travel, gas stations, and restaurants.

Categories Rewards rate
IHG hotels & resorts up to 26X
Travel, gas stations, and restaurants 5X
All other purchases 3X

Maximizing your redemptions

IHG One Rewards Premier points never expire as long as the account is active, and there’s no limit to how many you can earn, giving you the freedom to accrue as many points as you can and redeem them for rewards that make sense for you.

The value of IHG points depends entirely on how you redeem them, with some redemption options giving you more for your money than others. Generally, you'll get the most value from your points when you use them to book IHG hotel stays.

Redeem IHG points for: Details
Reward nights Book hotel stays at any of the 6,000 IHG hotels and resorts, which start at 10,000 points for a free night
IHG One Rewards auctions Use your points and bid on exclusive rewards
IHG One Rewards catalog Shop for anything from jewelry to YETI coolers
Gift cards Choose from a variety of gift cards to purchase, from shopping to restaurants
Donate to charity Donate your points to something that matters most to you
Combine points and cash Combine your points with cash toward reward nights on consecutive four-night stays
Buy more points If you fall short, you can purchase points to help you hit your goals; you’ll also save 20% when you purchase points with your IHG One Rewards Premier Credit Card
Gift your points Know someone who can use some IHG points? Buy some and give them as a gift
Transfer points Transfer your own points to another IHG One Rewards member with no limit

IHG One Rewards transfer partners

You can transfer your IHG points to more than 40 different airline partners. Most exchanges are 10,000 IHG points for 2,000 miles, but these numbers vary depending on the partner you choose. Some airline partners you might recognize include Air France, Delta, JetBlue, and United.

Typically, transferring your IHG points to a travel partner doesn't yield the best value. Unless you absolutely need to make a transfer to pay for airfare, it may be best to avoid transferring your points to an IHG airline partner.

IHG One Rewards Premier Credit Card FAQs

Is the IHG One Rewards Premier Credit Card worth it?

The IHG One Rewards Premier Credit Card is likely worth it if you regularly stay at IHG hotels and resorts and can utilize the anniversary free night, the fourth reward night for free, and the $100 credit for Global Entry, TSA PreCheck, or NEXUS.

How much are IHG points worth?

There are several ways to redeem your IHG One Rewards points, and the value of your points will vary depending on how you choose to redeem them. The number of points required for a reward night, for instance, varies by brand and by hotel.

    Points can likely stretch further if you opt to stay at a less-expensive property, but, again, this can vary from property to property and with the method of rewards redemption. In most instances, using a combination of points and cash is less valuable than using points only.

    Can you have both the old and the new IHG credit card?

    Although the IHG One Rewards Premier Credit Card was created as a replacement for the IHG One Rewards Club Select Credit Card, cardholders with the old version of the card weren’t required to upgrade to the new version and are eligible to carry both cards if they desire. In fact, the most value may come from applying for the IHG One Rewards Premier Credit Card as a new card altogether because you can stack the benefits of both cards.

    If you have both cards, for instance, you’ll receive two free anniversary nights, and you can combine the fourth night free benefit (for a consecutive four-night stay) of the IHG Premier with the 10% refund on redeemed points from the IHG Select for maximum value. Also, since the IHG One Rewards Club Select card is no longer available to new applicants, you won’t be able to get it back if you do decide to upgrade.

    Is the IHG One Rewards Premier card plastic or metal?

    The IHG One Rewards Premier Credit Card is a sleek, metal card with light gray words.

    What perks do I get with Platinum Elite status?

    As an IHG One Rewards Premier cardholder, you’re upgraded to Platinum Elite status for as long as you remain a premier cardmember, and as long as your IHG One Rewards membership remains in good standing.

    Platinum Elite benefits include:

    • Complimentary room upgrades
    • Guaranteed room availability
    • Elite rollover nights
    • 50% bonus earnings on top of base points
    • Priority check-in
    • IHG points don’t expire
    • Complimentary internet
    • Extended check-out
    • Two free Amazon Kindle eBooks per quarter
    • $30 in-room spa credit
    • Much more

    How does the fourth night free benefit work?

    IHG One Rewards Premier cardholders are eligible for a free fourth night on all award stays. Simply book your consecutive four-night stay and your fourth night won’t be charged any points.

    Is the IHG One Rewards Premier a good card to use while traveling abroad?

    With an expansive global footprint, you’re likely to find an IHG property convenient for your travels. You’ll not only earn points on spending while you’re there, but you also won’t be hit with foreign transaction fees each time you make a purchase, making this card a good option for traveling abroad.

    What hotels are part of IHG One Rewards?

    IHG is one of the largest hotel chains in the world with almost 6,000 hotels globally, including brands such as:

    • Avid
    • Candlewood Suites
    • Crowne Plaza
    • Even Hotels
    • Holiday Inn
    • Holiday Inn Club Vacations
    • Holiday Inn Express
    • Hotel Indigo
    • Hualuxe
    • InterContinental
    • Kimpton Hotels & Restaurants
    • Regent
    • Staybridge Suites
    • voco

    Other cards to consider

    The IHG One Rewards Premier Credit Card can be a great choice if you’re a loyal IHG traveler, but there are other comparable cards if that doesn’t sound like you.

    If you tend to stay at the various Marriott properties instead, the Marriott Bonvoy Boundless® Credit Card offers solid rewards at participating Marriott Bonvoy hotels around the world, plus a generous welcome bonus.

    If, however, you want a general travel credit card that doesn’t require you to commit to a certain hotel group and comes with competitive benefits and generous travel rewards, you may want to consider the Chase Sapphire Preferred® Card instead.

    Earn an Annual Free Night

    IHG One Rewards Premier Credit Card

    IHG One Rewards Premier Credit Card

    Why We Like It

    Earn 140,000 bonus points after spending $3,000 on purchases in the first 3 months from account opening

    See how these cards compare:

    Marriott Bonvoy Boundless® Credit Card
    Marriott Bonvoy Boundless® Credit Card
    • Earn 3 Free Night Awards (up to a 150,000 Total Point Value) after spending $3,000 in the first 3 months from account opening (each night valued up to 50,000 points)
    • Up to up to 17X points at hotels participating in Marriott Bonvoy
    • 3X points at grocery stores, gas stations, and dining on the first $6,000 spent in combined purchases each year
    • One free night each year at account anniversary
    • No foreign transaction fee
    Chase Sapphire Preferred® Card
    Chase Sapphire Preferred® Card
    • Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening
    • 5X points on travel purchased through Chase Ultimate Rewards®
    • 25% more value when redeeming rewards for travel through Chase Ultimate Rewards
    • 10% anniversary point bonus each year
    • $50 annual credit on hotel stays booked through Ultimate Rewards
    • Premium travel protection benefits

    Author Details

    Matt Miczulski Matt Miczulski is a personal finance writer specializing in financial news, budget travel, banking, and debt. His interest in personal finance took off after eliminating $30,000 in debt in just over a year, and his goal is to help others learn how to get ahead with better money management strategies. A lover of history, Matt hopes to use his passion for storytelling to shine a new light on how people think about money. His work has also been featured on MoneyDoneRight and Recruiter.com.

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