IHG Rewards Club introduced Points + Cash awards few years ago where you could substitute 5,000 points for $40 or 10,000 points for $70 when making an award reservation.
Unlike with other hotel programs, IHG Rewards Club Points + Cash awards are available at all the properties because IHG merely sells you the points and then redeem the award nights using full points.
You can access IHG’s web page for awards here.
IHG Rewards Club has now introduced third Points + Cash option:
Some properties now show a third option of 15,000 points less + $90. IHG Rewards Club basically sells you the points for 0.6 cents each.
Here are the current options:
5,000 points for $40 = 0.8 cents each
10,000 points for $70 = 0.7 cents each
15,000 points for $90 = 0.6 cents each
You can use this Points + Cash basically to purchase points at 0.6 cents each. If you happen to cancel one of these reservations, the full points will go back to your account. Just don’t go overboard with canceling Points + Cash awards.
The way IHG Rewards Club handles the Points + Cash awards ensures that all the properties are participating. They just sell you the points and issue an award at full points for you.