60,000 point BONUS with IHG MasterCard!!!
I got this from Rewards Canada yesterday – you should read his blog, very informative!
I love these sign up bonusses these hotels give out, and in this case it is a good bonus.
I’ve noticed through conversations that some people are wary of AMEX – I just like the fact their sign-up bonusses are amazing and they want your business.
So, this is a Mastercard that is giving this bonus and we have no affiliation with them.
There is a $120 annual fee, but 60,000 points can get you up to 4 nights at many Holiday Inn properties.
I did some research on this last night looking at hotels you can book in our immediate area (Toronto, London, Sarnia, Windsor) and then looked at Miami.
Basically when you get these points, you should find out about how much is 60,000 points really worth in hotel stays? Do you get your $120.00 worth?
Well, depending on the city you can get over 1 cent per point or over $600.00 in hotel stays!
That was not the norm though and after looking at our immediate area and checking a tourist destination (Miami) it seemed like those points can be valued at .8 – .9 cent per point, meaning that 60,000 bonus is roughly worth $480-$540 in hotel stays. Let’s go with an even $500.
Now, this is where people that really get into this would argue you can get well over 1 cent per point being smart about your bookings, factoring in the Cdn dollar vs US dollar and so on.
I am going to keep it simple at that bonus is roughly worth $500.00 in hotel stays
Subtract your annual fee and you are left with $380.00 in hotel stays.
Or, another way of looking at it – stay once and pay ($125) and get 3 nights free!
If that was an offer on Groupon or one of those discount sites, would you not buy that deal?
Of course, the nicer hotels on the beach and other factors use up more points per night, but I’m sure you get the idea.
The Best Western MBNA card bonus is only 20,000 points right now, and those points are valued at about the same as IHG points, so when they up that bonus I will post it here.
Here is link for the IHG Mastercard