Priority Club has a special offer of 20% to 50% bonus points for points purchases made online from March 30 – April 30, 2012. IHG Priority Club Platinum elite can be yours for $460 along with 60,000 points in your account through this sale offer. This offer allows a member to buy 75,000 points for $575. The normal limit for buying points is 50,000 points per year.
[April 2, 2012 Update: Daily Getaways is a travel sale offering the opportunity to buy up to 500,000 Priority Club points on Monday April 9. This sale allows you to get 75,000 points for $461 and Priority Club Platinum status. My April 2 post in the link discusses strategies for buying points through the Daily Getaways flash sale.]
Earning 60,000 points in a calendar year means IHG Priority Club Platinum Status for the rest of 2012 and 2013. Priority Club Special offer: up to 50% Bonus*
Purchase points between March 30 and April 30, 2012 and earn up to 50% more points!
Buy 1,000 – 19,000 points: get a 20% Bonus
Buy 20,000 – 29,000 points: get a 30% Bonus
Buy 30,000 – 39,000 points: get a 40% Bonus
Buy 40,000 – 50,000 points: get a 50% Bonus
Priority Club has a variable purchase rate that decreases at higher points levels. The normal cost to buy points:
- 1,000 – 10,000 points = $13.50 per 1,000 points.
- 11,000 – 25,000 points = $12.50 per 1,000 points.
- 26,000 – 50,000 points = $11.50 per 1,000 points.
The lower purchase rate at 26,000 points means you can buy 33,800 points for $299 with the 30% bonus compared to paying $312.50 for 32,500 points when buying 25,000 points at $12.50 per 1,000 during this sale.
Buying at the Sweet Spots
Here are a few changeover spots on the Priority Club purchase chart where it is better to pay for an extra 1,000 points to get a better deal.
- $135.00 = 12,000 points for a 10,000 points purchase.
- $137.50 = 13,200 points for an 11,000 points purchase.
The rate drops from $13.50 to $12.50 per 1,000 points at 11,000 so it is better to buy 11,000 points than 10,000.
- $237.50 = 22,800 points for a 19,000 points purchase.
- $250 = 26,000 points for a 20,000 points purchase.
The bonus points increases from 20% to 30% at 20,000 points so it is better to buy 20,000 points with this sale rather than 19,000 points. You get 3,200 additional points for $12.50.
- $312.50 = 32,500 points for a 25,000 points purchase.
- $299 = 33,800 points for a 26,000 points purchase.
The purchase rate drops from $12.50 per 1,000 points to $11.50 per 1,000 points at 26,000 points. You can actually buy 33,800 points for less than buying 32,500 points with this sale.
- $333.50 = 37,700 points for a 29,000 points purchase.
- $345 = 42,000 points for a 30,000 points purchase.
The bonus points increases from 30% to 40% at 30,000 points so it is better to buy 30,000 points with this sale rather than 29,000 points. You get an extra 4,300 points for an additional $11.50.
- $448.50 = 54,600 points for a 39,000 points purchase.
- $460 = 60,000 points for a 40,000 points purchase.
The bonus points increases from 40% to 50% at 40,000 points so it is better to buy 40,000 points with this sale rather than 39,000 points. You get an extra 5,400 points for an additional $11.50.
- $575 = 75,000 points for a 50,000 points purchase.
- Overall rate = $7.67 per 1,000 points.
IHG Priority Club Platinum Status for $460 through December 2013.
There is always the Points & Cash trick for buying points at $60 per 10,000 points by booking a Points & Cash Reward stay, buying points and cancelling the stay. The points go into your account. But Points & Cash purchased points do not count as points for Priority Club elite status.
The advantage of buying points through this bonus points sale is these points purchases count as qualifying points for elite status. Priority Club members earn Gold elite after earning 20,000 points or Platinum elite after earning 60,000 points in a calendar year.
$460 to buy 40,000 points with this special offer will result in 60,000 points posting to your Priority Club account and you will attain Priority Club Platinum status for the remainder of 2012 and all 2013.
And besides the 50% bonus points on IHG stays as a Platinum member, you can get status matches to other hotel loyalty programs like Club Carlson and Best Western.
Update: Priority Club Points & Cash loophole.
So many of the comments to this post mention the Points & Cash trick to buy 10,000 points for $60. Here is how that works for those of you not familiar with the Priority Club Points & Cash Rewards process.
Priority Club members have the option when booking a standard reward to buy 5,000 points for $40 or 10,000 points for $60 towards the reward night cost. This is allowed if you are short points (you only need 15,000 points in your account to buy a 25,000 points reward night) or even if you have loads of points in your account.
Holiday Inn Express Hollywood Walk of Fame (Standard Reward Night = 25,000 points)
May 14-17, 2012 lowest published rate = $193.99 for prepaid, advance purchase rate. This hotel has a 3-night rate after tax of $672.59.
Or I can spend 75,000 points for 3 nights. Redemption value = $8.96 per 1,000 points.
Or I can spend 45,000 points + $180 for this hotel stay. Redemption value = $672 – $180 = $492.
$492 cash saved on room rate / 45,000 points = $10.94 per 1,000 points redemption value.
Another advantage of booking a reward night is many hotels offer higher category rooms for the same reward price. The $193 room was a standard room on a prepaid nonrefundable rate. I can book a King Bed Executive Suite using a Points & Cash reward for 45,000 points + $180 per night that would have cost $826 using the Best Flexible Rate that has the same cancellation terms as the Points & Cash reward.
The redemption value for my 45,000 points is now $826 – $180 = $646 / 45,000 = $14.35 per 1,000 points.
[Click on image to full size in separate window.]
This reservation can be cancelled up to 6pm on the day of arrival for this Points & Cash reward.
The Points & Cash trick comes into play when I cancel the reservation. I paid $180 for 30,000 points and that purchase is nonrefundable. 45,000 points were taken from my account to complete the 75,000 points reward transaction for this stay at the HI Express Hollywood.
After cancelling the stay I get to keep the 30,000 points and I effectively paid $60 per 10,000 points. I get back the 45,000 points from my account and my account balance goes from 73,724 to 103,724 points.
The Points & Cash trick allows me to buy 30,000 points for $180.
You need at least 5,000 Priority Club points in your account to book a 15,000 points Holiday Inn or Holiday Inn Express hotel buying 10,000 points for $60.
I don’t play this game, but it works for buying points at $60 per 10,000 points.
There is a limit of $240 in Points & Cash points purchases per day.
Priority Club Rewards “Points & Cash” is an option for obtaining a Reward Night. You may choose to redeem Priority Club points for a Reward Night in three ways: using your existing points for all required points for the desired Reward Night; using your existing points and 5,000 points purchased for US $40 to total the required points; or using your existing points and 10,000 points purchased for US $60 to total the required points. The total purchase on any single day may not exceed $240 US. Points & Cash Reward Nights may only be redeemed online at www.priorityclub.com. Point purchase amounts are subject to change by PCR. You must use a valid credit card for points purchase. Upon completion of the points purchase, you agree that the total dollar amount will be immediately charged to the credit card you specified. The cost for the points purchased is non-refundable. If the Reward Night is cancelled in accordance with these Terms & Conditions and with each hotel’s cancellation policy, the purchased Priority Club points will be re-deposited into your Priority Club Rewards account. Cash components of this award that are paid in currencies other than U.S. dollars will be adjusted by Priority Club Rewards, as needed, to reflect the USD equivalent of the non-USD payment at that time. All other Reward Night terms and conditions apply.