IHG Rewards Club introduced targeted Points + Cash sale last week (read more here) but withdraw the 15,000 points option (available only for properties in Santa Barbara and maybe elsewhere).
Unlikely other loyalty programs that require hotels to sign up for Points + Cash, IHG Rewards Club sells you the points and then redeems the award at the full points cost.
You can access IHG Rewards Club Points + Cash page here.
Back in December, IHG Rewards Club introduced an option to essentially purchase 15,000 points per night in addition to the 5,000 and 10,000 options that were available previously (read more here).
IHG Rewards Club is offering 5,000 and 10,000 Points + Cash options at a discount off of their usual price and the 15,000 points option is only available at select properties (reader gave me a hint to check Santa Barbara).
The discount is not available for all IHG Rewards Club members regardless of their status as some Spire Elite members are not eligible for it.
Here are the current discounted Points + Cash options:
Here are the options in Santa Barbara that have the 15K Points + Cash loaded:
5,000 points for $34 instead of $40 = 0.68 cents per purchased point
10,000 points for $59.50 instead of $70 = 0.595 cents per purchased point
15,000 points for $85 instead of $100 = 0.57 cents per purchased point
You can purchase IHG Rewards Club points during semi frequent points sales at up to 100% bonus (happened as recently as last week) that lowers the price to 0.6 cents per point purchased.
This is the first time that I have seen IHG Rewards Club offering discounts for the cash portion of the Points + Cash and only for some members.
The Points + Cash doesn’t always make sense as the two properties in Santa Barbara indicate (could make sense during the weekends when in high season). You should always compare the paid and point rates.