Back in January, IHG announced a promotion for those that are an IHG credit card holder to receive a 15% discount on the cash portion of a “Points + Cash” reservation. While this is valid for reservations through March 31st, you MUST actually book your stay by February 12, 2017.
While a 15% discount on the cash portion is great, keep in mind you also receive a 10% rebate on the points portion since it is one of the everyday perks of being a card holder. So let’s say you are looking to make a reservation that requires 20,000 points and $125 cash, that will ultimately only cost you 18,000 points and $106.25.
With this particular promotion, you can actually “buy” the points for even less. There is essentially a roundabout method to purchasing IHG points at a fixed .7 cents per point. Read more about this here. When you make a “Cash & Points” reservation, if you need to cancel it, you will not receive the cash back to your credit card, but instead a fixed value of points back to your account. Typically, most times the points you receive equal a fixed .7 cents per point. Although there are many hotels and cash + point options that can actually give you closer to a .6 cents per point “purchase,” like the example above.
In this example above, if you book the “20,000 Points + $106.25” option, if you need to cancel, you’ll get back 20,000 points, which is the difference of the amount of points you paid vs. if you used all points (40,000 points). In this scenario, you are ultimately then “buying” 20,000 points for $106.25, which means every point is costing you .53 cents per point.
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I don’t think your post is quite accurate. When booking a points + cash rate, you are essentially booking completely with points so your card holder 10% rebate is actually on the full point rate for the room…not just the portion of points you used.