Posted by William Charles on December 12, 2019
Credit Cards

Published on December 12th, 2019 | by William Charles

24

[YMMV] Chase IHG Premier 10,000 Point Upgrade Offers

Update 12/12/19: Another round has gone out.

The Offer

  • Chase is sending out offers to existing Chase IHG Select cardholders offering to upgrade them to the Chase IHG Premier card. If you upgrade you will receive 10,000 bonus points after you upgrade and make your first purchase

Our Verdict

The Premier card has an $89 annual fee vs the $49 annual fee on the select card. This helps you compare the cards:

 SelectPremier
Annual fee$49.00$89.00
Free night certificateYesYes
Earning rate at IHG5x10x
Earning rate at gas stations, grocery stores & restaurants2x2x
Earning rate on all other purchases1x1x
Elite statusPlatinumPlatinum
Free award night when you redeem points for any stay of 4 or more nightsNoYes
10% rebate on points bookingYesNo
TSA Pre-Check/Global EntryNoYes
20% discount on points purchasesNoYes

For most people upgrading won’t make sense as people will want to pay the lower annual fee for the free night certificate.

Hat tip to teal2212



24
Leave a Reply

avatar
 

  Subscribe  
newest oldest most voted
Notify of
Nanu
Nanu

Premier also has 4th night free on awards, which I think the Select doesn’t have?

Lily
Lily

I think it has 4th night free too, because even the no AF one has the 4th free.

Omar
Omar

So, I have both cards, I’m yet to book a stay after getting the IHG Premier card.
Do I get the best of both worlds?
In other words, would I get the 10% back and 4th night free?

joe
joe

That’s correct. Definitely my favorite combination

Kevin
Kevin

Don’t upgrade and get both because the 10% rebate and 4th night stacks.
You can get 32.5% off from both Select and Premier together.

For example:
25,000 per night
4 night stay – 1 free night = 75,000
75,000 * 10% = 7,500
Total after both cards 67,500 points

Dick Bupkiss
Dick Bupkiss

This is an offer for suckers.

If you care about IHG and already have the old card, just get the new card IN ADDITION to keeping the old card. The sign-up bonus for the new card is huge. No reason you can’t get the new one and have both (assuming you’re not LOL/24)

scott
scott

Most people on this site, including myself, are over 5/24.

Staradmiral
Staradmiral

Agreed this is an offer for suckers. That’s $40 every year for as long as you hold the card. If you hold the card another 10 years, you are paying $400 for 10000 points, which is worth $50.

Nil
Nil

That is unless you never use the free 4th night reward benefit. If you use it 4 times in next 10 years, conservatively, you are coming out ahead. For people LOL/24 I do think this is a respectable offer.

Staradmiral
Staradmiral

how would one get enough points to redeem? if you’re LOL/24 you can’t apply and get the sign up bonus. It’s also a terrible card to put regular spend on. 1x on all purchases equivalent to 0.5% cash back. It would only make sense if for some reason you travel for work and you’re employer only does IHG hotels and let’s you pay for it.

Lela
Lela

Or if you just got the signup bonus, until you use up your points and 4th night freebies.

Can you just take the upgrade offer, then downgrade?

VL
VL

Downgrade options are usually not available to the products which have been discontinued. I am almost sure the answer is NO in this case.

Nil
Nil

Many people already have lot of ihg points in account.

VL
VL

Using “Cash+Points then Cancel” method you can easily purchase IHG points for 0.6 cpp or some times for 0.5 cpp. Very often booking an award night with purchasing points at 0.5 cpp is much better than paying cash (as award booking includes all the fees and taxes as well and has a much better cancellation policy compared with lowest rate which is usually non-refundable).

Still I am keeping the old card (unless I get to apply for new in addition to the old), as I think 10% on every award stay is better than 4th night free as it happens much more frequently. Also, keep in mind, 4tn night free is inaccurate description of this benefit. It is actually “rebate” of your 4th night, as you need to have points enough for all 4 nights, and then you get points for one night back.

Good luck.

Fred
Fred

The 10% is a rebate. The 4th night is not. You only need points for 3 nights

Fred
Fred

It’s not as clear as you’re making it sound. With the old card those 4 4 night stays would have earned you 1.6 nights back worth of points. You would only need to have 24 more nights of stays that are less than 4 nights to make up the difference. If most of your stays are shorter you’re probably better off with the old card.

Samson7256
Samson7256

I currently have the select. Once I fall under 5 / 24 my plan is to apply for the Premier and redeem the points stacking the benefits of both cards (4th night free (premier) and 10% back (select)), then convert Premier to no annual fee traveler, since the traveler has the 4th night free benefit I still can stack the two benefits, and would just have to pay a $49 annual fee to do so.

joe
joe

I think Premier is worth keeping due to the free night certificate. Hard to find a hotel for $89 so def will make that money back

VL
VL

Great plan… forgot that the no AF has 4th night free too. No need in that many certificates, but with downgrade option it is a good combo.

Keith
Keith

Is it possible to get both the Traveler and Premier cards for the sign-up bonus?

Grant
Grant

As I don’t stay many places for four nights, I prefer the rebate and the $40 lower annual fee.

P
P

I had both cards until this summer. I had to cancel the Premier as I have zero points and have never had more than 80,000 points altogether at any given time (not enough for four nights) can’t justify paying $89 for a free night certificate that I can’t use in places I want to go to. I see this offer as paying $40 for 10,000 points, and then paying an additional $40 each year for no additional benefit unless you’re always going to have enough points to take advantage for the fourth night free benefits.

tolikfox
tolikfox

Wont upgrade even if the offered 30k. 50k is when i will start maybe thinking about it.

DTD
DTD

When does the new annual fee kick in?
I have select, thinking about cancelling. My anniversary is 03/2020.
Should I just upgrade, pocket the 10k points, and then cancel everything before my anniversary to avoid the af?
The anniversary free nights are not very valuable to me now that they are capped at 40k.

Back to Top ↑