IHG One Rewards members who maintain Diamond Elite standing or belong to IHG’s Business Rewards program can now switch as much as 500,000 IHG One Rewards factors per calendar yr to different members with out paying any switch charges, as first reported by One Mile at a Time.
This is good news for vacationers like me who love redeeming IHG points. And by chance, many vacationers could also be eligible to hitch IHG’s Enterprise Rewards program.
This is what you want to find out about this new perk.
Switch IHG factors to different members
IHG One Rewards members can switch factors between accounts in increments of 1,000 factors if the sender and receiver accounts are at the least 30 days previous. Nevertheless, you’ll be able to solely switch or obtain as much as 500,000 factors per calendar yr.
Beforehand, all members initiating transfers wanted to pay a charge of $5 per 1,000 factors. However now, Diamond Elite members and members of IHG’s Enterprise Rewards program who provoke transfers will not must pay this charge.
To switch IHG One Rewards factors to a different member, head here, present the requested particulars about your IHG account to log in after which fill out the factors switch kind.
You will want to verify the recipient’s particulars on the following web page.
Then, you will get to a affirmation web page that states, “Your order has been obtained and will probably be processed within the subsequent 72 hours. You’ll obtain a affirmation e-mail as soon as your transaction completes.”
My factors switch wasn’t accomplished earlier than writing and publishing this story. Because of this, the factors are nonetheless in my account, however we’ll replace this paragraph with how lengthy the switch took as soon as the factors arrive in my recipient’s account.
Each day Publication
Reward your inbox with the TPG Each day publication
Be part of over 700,000 readers for breaking information, in-depth guides and unique offers from TPG’s specialists
As soon as the factors switch completes, no cancellations or refunds are permitted and the member who initiated the switch has no proper to the transferred factors. The factors switch web page says the “supply doesn’t have an expiration date and can proceed at IHG’s discretion.”
Associated: 7 ways to earn more IHG One Rewards points for your next redemption
When and why to switch IHG factors
Frequent readers know I am an enormous fan of shopping for IHG factors, particularly when you are able to do so with a 100% bonus. In spite of everything, a 100% bonus brings the efficient buy fee down to simply 0.5 cents per level. This fee matches TPG’s valuation of IHG factors however is considerably decrease than I sometimes get when redeeming IHG factors. Nevertheless, you are restricted to buying 150,000 factors per yr (this cover has been elevated to 250,000 factors per calendar yr in the course of the present IHG purchase factors promotion).
That is when transferring IHG factors to a different member with out a charge may grow to be helpful. If you happen to want extra factors than the utmost quantity you should buy in a yr, you might have one other member purchase factors after which switch them to you.
My husband and I each presently have Diamond Elite standing, however I count on solely one among us will be capable to requalify subsequent yr. So, we are able to now switch factors from one among our accounts to the opposite with out paying switch charges. Then, we are able to use that account in 2024 as we try and requalify one among our accounts for Diamond Elite standing.
Another excuse to switch IHG factors might be should you’re sharing a room with a buddy. As an alternative of making an attempt to find out a reimbursement fee or just agreeing on one other technique to informally align your bills, you might switch half of the factors required for the keep to your buddy.
Associated: How to get a 4th-night-free reward when redeeming IHG points
Learn how to grow to be eligible without spending a dime IHG factors transfers
As talked about above, solely IHG Diamond Elite and Enterprise Rewards program members are eligible for waived charges when transferring factors to different members. So, you may be questioning how you can earn IHG One Rewards elite status or grow to be a Enterprise Rewards program member.
IHG Diamond Elite standing requires 70 qualifying nights or 120,000 qualifying factors per calendar yr. Alternatively, you’ll be able to earn Diamond Elite standing by way of Dec. 31 of the next yr should you make purchases totaling $40,000 or extra throughout a calendar yr in your IHG One Rewards Premier Credit Card or IHG One Rewards Premier Business Credit Card.
Fortunately, it is comparatively simple to grow to be a Enterprise Rewards member. IHG’s terms and conditions state that “Membership in IHG Enterprise Rewards is out there to people who’re both company bookers, enterprise journey/conferences brokers or particular person bookers.” The phrases and circumstances outline a person booker as “an individual who books Qualifying Spend at Taking part Motels on their very own behalf or on behalf of another person.” Head to the Business Rewards page to hitch this system.
Associated: Last-minute strategies for earning IHG One Rewards elite status
Backside line
I am excited that IHG has eliminated the switch charges for Diamond Elite and Enterprise Rewards members who need to switch factors to different members. In spite of everything, the $5 per 1,000 factors switch charge for different members makes transferring factors a poor resolution on the subject of maximizing your factors. We solely suggest doing so in probably the most dire circumstances.
Trending Merchandise
