IHG One Rewards is selling points with up to a 100% bonus again, and this round runs through 11:59 p.m. Eastern on Thursday, November 5, 2026. At the top tier, that’s about half a cent per point, which is about as cheap as IHG points get when you buy them outright. The sale went live around October 21, and IHG also raised the yearly purchase limit while it lasts.
Cheap points aren’t automatically a good deal, though. So let’s walk through the numbers and who should actually bite.
The details (as of October 2026)
The bonus depends on how many points you buy in a single purchase:
- 1,000 to 4,000 points: no bonus
- 5,000 to 10,000 points: 80% bonus
- 11,000 to 39,000 points: 90% bonus
- 40,000 points or more: 100% bonus
Here’s the key example: buy the maximum 200,000 points for $2,000 and you end up with 400,000 points, or 0.5 cents each. Buying 40,000 points (the minimum for the full bonus) would work out to about $400 for 80,000 points at that same rate. The 80% and 90% tiers come out a little higher per point, roughly 0.53 to 0.56 cents based on the same pricing.
A few more things to know before you buy:
- Higher cap: the usual limit of 150,000 purchased points per calendar year goes up to 200,000 (before the bonus) during the sale.
- It may be targeted: IHG has been known to show different offers to different members, and some readers on other sites have reported seeing a smaller discount instead. Log in to see what your account gets before you assume the 100% tier.
- No stacking with the card discount: the 30% points-purchase discount on the IHG Premier and Business cards doesn’t combine with this sale.
- Processed by Points.com: purchases don’t code as hotel spending, so don’t expect bonus category earning on your card.
- No status credit: purchased and bonus points don’t count toward IHG elite status.
Terms can change and offers can vary by account, so check the price on IHG’s own buy-points page before you pay.
Who this makes sense for
The test is simple: price out the stay in cash, then price it in points at half a cent each. Say a hotel wants 50,000 points a night. At sale pricing, those points cost you $250. If the same room is $350 a night in cash, buying points saves you real money. If it’s $200 in cash, you’d be overpaying for the privilege of using points.
Where it gets more interesting is the fourth-night-free benefit. If you hold an eligible IHG credit card from Chase, you get the fourth night free on consecutive four-night award stays. That means you’re paying for three nights’ worth of points to cover four, which drops your effective cost per night by a quarter. If you’ve got a longer trip planned at a pricey IHG property, that’s when this sale really pulls its weight.
Buying points to top off an account is the other good use. If you’re 15,000 points short of a specific award night, paying a bit over 0.5 cents each to get there can beat paying the cash rate outright.
If you’d rather earn IHG points than buy them, a Chase IHG card also brings that fourth-night-free perk on award stays. You can apply through our Chase referral link.
Disclosure: This is our personal Chase referral link. If you’re approved through it, we may earn a referral bonus, at no extra cost to you. You can always apply directly on Chase’s website. See our Advertising & Referral Disclosure.
Our take
This is a good sale for people with a specific stay in mind, and a pass for everyone else.
Half a cent is a fair price for IHG points, but it’s not a steal. IHG uses dynamic award pricing, so the number of points a night costs moves around with demand. That makes speculative buying risky: the hotel you’re eyeing could cost more points by the time you book, and points just sitting in your account don’t earn you anything. IHG also runs these sales pretty often, so there’s no reason to stock up out of fear of missing out.
We’d buy if you’ve already found an award night where the cash price is clearly higher than the points cost at 0.5 cents, especially on a four-night stay with an IHG card. We’d skip it if you’re buying “just in case,” if you don’t see the full 100% tier in your account, or if the cash rate is close to what you’d pay for the points anyway.
Source: IHG points purchase page (log in to see your offer); sale details as reported by One Mile at a Time and Upgraded Points.
Related on Points Capital: How We Get 2 Free Nights at IHG Every Year With the Personal and Business IHG Cards and Hilton Honors Points Sale: Record 120% Bonus Through November 21.
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