IHG Rewards Club Premier Credit Card Review 2020

Rating:
4.3/5
4.3 stars out of 5

The Smart Investor has collected card information independently. Issuers did not provide the details, nor are they responsible for their accuracy. The review is not a recommendation, the actual rates/fees may be different.

The IHG Rewards Club Premier Credit Card has a great rewards rate on all IHG purchases, as well as other fantastic benefits for frequent IHG customers.

On any IHG purchase, you’ll earn ten times the reward points per dollar spent, which is calculated to be approximately a 6% return on your money spend on an IHG purchase

In addition, you’ll earn 2 points on purchases at gas stations, grocery stores, and restaurants and 1 point per $1 spent on all other purchases.

As a sign up bonus, you’ll earn 140,000 bonus points after you spend $3,000 on purchases in the first 3 months from account opening.

However, the card charges $89 as an annual fee , and it’s APR (15.99-22.99) is a bit high and not recommended for those who carry debt in their card.

This card is certainly designed for IHG customers and larger IHG purchases, so if you are looking for a more versatile hotel or travel credit card, then this might not be the rught card for you.

IHG Rewards Club Premier

On Chase Secure Website

Our Bottom Line

  • Great For IHG Customers

Credit Rating Requirements

  • Good – Excellent

PROS

  • Big Rewards on all IGH purchases
  • Quality sign-up bonus

CONS

  • Not For Everyday Purchases
  • $89 Annual Fee

Highlights

  • IHG is the owner of a large group of hotels, including Holiday Inn, Crowne Plaza, StayBridge Suites, and others
  • When you use the IHG Rewards Club Premier Credit Card to book any three nights in a row at an IHG hotel, you will get the fourth night free
  • On any IHG purchase, you’ll earn ten times the reward points per dollar spent, which is calculated to be approximately a 6% return on your money spend on an IHG purchase
  • When you own a IHG Rewards Club Premier Credit Card, you immediately get the Platinum status of the card.

Here’s a summary of the main pros & cons (click to see explanation or scroll down):

Pros

Cons

IHG Rewards Club Premier Card – Benefits

Let’s take a closer look at the benefits and drawbacks of the IHG Rewards Club Premier Card – and whether or not it’s right for your wallet

  • Big Rewards on All IGH Purchases

When you use your IHG Rewards Club Premier Credit Card on any IHG purchase, you’ll earn ten times the reward points per dollar spent, which is calculated to be approximately a 6% return on your money spend on an IHG purchase. 

In addition, you’ll earn 2 points on purchases at gas stations, grocery stores, and restaurants and 1 point per $1 spent on all other purchases.

These points are redeemable for free night stays at IHG hotels, upgrades for rooms, and other IHG purchases that you might need.

  • Many Hotels to Choose From

IHG is the owner of a large group of hotels, including Holiday Inn, Crowne Plaza, StayBridge Suites, and others. 

This gives the card holder any different options when looking at hotels, and also gives them the freedom to stay in more places, as each hotel chain adds more locations than if it were just one single chain.

  • Free Nights Stay

When you use the IHG Rewards Club Premier Credit Card to book any three nights in a row at an IHG hotel, you will get the fourth night free. 

Not only is this a great perk, but when every year you have an active IHG Rewards Club Premier Credit Card, IHG gives you a free one night stay at any IHG hotel

The free night stays offered here go far beyond most other travel credit cards, especially since these are recurring features

  • Quality Sign-up Bonus

When you apply and get approved for an IHG Rewards Club Premier Credit Card, you automatically get an 140,000 point sign-up bonus after spending $3,000 in the first three months you have the IHG Rewards Club Premier Credit Card. 

This is valuated at approximately $480 value, which is certainly a great start that can help plan your next trip. These points are immediately redeemable once the $2,000 mark is achieved, and can go towards any type of IHG purchase that you might need.

  • Automatic Platinum Status

When you own a IHG Rewards Club Premier Credit Card, you immediately get the Platinum status of the card. This is something that is extremely rare to see done, especially since it is being done at no extra charge to the card holder. 

By holding a platinum status, the card holder gets many extra features, including free upgraded rooms when available, guaranteed availability whenever you travel and stay in an IHG hotel, and priority check-in when arriving at the hotel you choose to stay at.

IHG Rewards Club Premier Card – Drawbacks

Here are the most important cons you should consider before applying to the IHG Rewards Club card:

  • Annual Fee

This card does have an annual fee of $89, with a variable APR of 15.99%-22.99%. 

You will also need good/excellent standing credit to have a chance at getting approved for the card, so this does mean that if you are building/rebuilding your credit score then you should consider other alternatives.

  • Rewards Limited to Hotel Redemption

Because the IHG Rewards Club Premier Credit Card is strictly a IHG travel rewards card, there are really not rewards or benefits to speak of outside of being able to use it to redeem hotel perks. 

If you are not a frequent traveler or are looking for more flexible rewards options, then this card isn’t right for you.

  • Not For Everyday Purchases

When the card does offer great perks for IHG purchases, the everyday purchases are average at best. 

You will only earn 2 points on every dollar spent at gas stations, grocery stores, and restaurants, and you’ll earn 1 point on every dollar spent on all other purchases.

Alternatives to IHG Rewards Club Premier Credit Card

There are several other travel-focused credit cards that offer higher travel reward rates and bonuses when signing up. Let’s take a look at them and see if one is better suited for you than the IHG Rewards Club Premier card:

  • Marriott Bonvoy Boundless Card

Marriott Bonvoy Boundless Card has great rewards for those customers who are loyal to Marriott Hotel chains. With the Marriott Bonvoy Boundless Card, every dollar spent at one of the thousands of Marriott Hotels earns the cardholder 6 points. This has no limit. You’ll also get 2 points for every $1 spent on other purchases.

There is an an initial sign-up bonus of 75,000 points after spending $3,000 in the first 3 months, as well as many other benefits such as free nights, airline points transferring, free qifi , baggage insurance and more.

However, this card has a $95 annual fee and a bit high APR of 15.99%-22.99%.

The VentureOne credit card from Capital one offers the users some great travel perks and a good flat rate on general purchases. Although it doesn’t have the highest earning rates, it is great for travel mile rewards.

When you initially sign-up for this card and spend at least $3,000 during the first three months, you can earn up to 50,000 miles which is equivalent to $500 in travel purchases. The card doesn’t have an annual fee, which is a pretty generous feature.

Now, earning miles with the card is a pretty straightforward affair as you shall be earning 2 miles per each dollar of purchase you make. This is better than other travel card rewards that only offer 1-1.5 mile per dollar of purchases. Also, you won’t pay a transaction fee when making a purchase outside of the United States.

The card has $95 annual fee.

Wells Fargo Cash Wise Visa Card is a straightforward cashback card. This card offers a simple 1.5% back on all purchases with no limit or special categories. If you are looking to save money on interest, the Wells Fargo Cash Wise Visa Card offers a 0% introductory rate for 15 months on balance transfers. 

This card offers many benefits to those wanting a simple straightforward card. It does not come with an annual fee and has a decent sign-up bonus  of $150 cash rewards bonus when you spend $500 in purchases in the first 3 months. 

The APR for the Wells Fargo Cash Wise Visa Card is a 13.99% to 25.99% variable rate, which is high for a card that requires borrowers with good to excellent credit histories. Also, There is  %3-5 balance transfer fee required if you want to take advantage of the introductory 0% APR rate.

Is the IHG Rewards Club Premier Card Right for You?

At the end of the day, the IHG Rewards Club Premier Credit Card has truly incredible travel rewards that are extremely hard to match when it comes to other travel rewards credit cards. The free nights, sign-up bonus, and platinum status are all exceptional benefits that would please any cardholder.

This card is certainly designed for IHG customers and larger IHG purchases, so if you are looking for a more versatile hotel or travel credit card, then this might not be the rught card for you.

With this being said, this card is certainly designed for IHG customers and larger IHG purchases and the rewards are limited to IHG trips, so someone looking for a rewards card with more rewards options will want to consider other cards.