Chase and IHG announce new business card and enhancements to existing ones

Chase and IHG announced Tuesday that, effective March 24, 2022, sweeping changes will be made to the IHG Rewards Club Traveler Credit Card and the IHG Rewards Club Premier Credit Card. Both cards are getting a slight name change, higher rewards, and a handful of new perks. Additionally, the IHG Premier Business Card will be launched on the same date.

IHG properties include popular hotels like Holiday Inn, Crowne Plaza, Hotel Indigo, Kimpton Hotels, InterContinental Hotels and Resorts, and more.

Changes to the IHG Rewards Club Traveler Card

the IHG Rewards Club Traveler Card will be rebranded as the IHG Rewards Traveler Card. On March 24, 2022, the card with no annual fee will earn you:

In addition, the card will benefit from some new advantages. It will now come with automatic Silver Elite status and include a fast track to newly announced Gold Elite status. Cardholders will also be able to earn 10,000 bonus points after spending $10,000 with the card and making an additional purchase during the calendar year.

Silver Elite status includes a 20% bonus on point earnings and other benefits. Gold Elite status – earned by spending $20,000 on purchases and making an additional purchase during the calendar year – increases the bonus to 40% and adds other benefits that have yet to be announced.

Changes to the IHG Rewards Club Premier Card

the IHG Rewards Club Premier Card will be renamed the IHG Rewards Premier Card. Along with the name change, the current annual fee of $89 is increased to $99. However, current cardholders won’t have to worry about paying the higher fees until 2023.

Here are the updated rewards:

  • 10 points per dollar at IHG Hotels & Resorts worldwide, in addition to points earned for membership in the IHG Rewards Club
  • 5 points per dollar on travel (New)
  • 5 points per dollar for gas and meals (+3 dots)
  • 3 points per dollar on all other purchases (+2 dots)

The Premier card will get an impressive boost for its welcome bonus. In addition to earning 125,000 bonus points for spending $3,000 in the first 3 months, cardholders will receive a reward night certificate for a one-night stay at a property with a redemption level of up to 40,000 dots. This is in addition to the free night cardholders get on their card anniversary, starting in the second year with the card.

Here are the new benefits added to the card:

  • Up to $50 in United TravelBank Cash per year
  • 10,000 annual bonus points and $100 credit after spending $20,000 on purchases plus one additional purchase each calendar year.
  • Get fast track to Diamond Elite status, formerly Spire Elite status and IHG’s highest membership tier. Adds a 100% bonus to point earnings and more TBA perks.

Changes are also being made to the annual free nights benefit. In March, cardholders will be able to transfer an unlimited number of points from their IHG Rewards account to the card. This means cardholders will soon be able to redeem the free night at IHG properties above the 40,000 point redemption limit.

With these additional changes, the card’s $10 annual fee increase should hardly be noticed.

If cardholders can take advantage of the additional free night of welcome bonus, annual bonus points and $100 statement credit, as well as the annual free night reward, the annual fee will be well covered. Combined with the addition of a Travel Rewards bonus category and the added versatility of the annual Free Nights Reward, the Premier Card will become a staple for IHG loyalists.

The new IHG Premier business card

If you’re a business person who prefers IHG hotels on the road, check out their new card offering coming in March. There will be a $99 annual fee and all current IHG Business Card holders will be migrated to the IHG Premier Business Card on March 24, 2022. However, current cardholders won’t have to worry about pay the additional fees until 2023.

Here are the rewards:

  • 10 points per dollar at IHG Hotels & Resorts worldwide, in addition to points earned for membership in the IHG Rewards Club
  • 5 points per dollar on travel, gas, meals, advertising on social media and search engines, and in office supply stores
  • 3 points per dollar on all other purchases

The new business card will share many of its benefits with the IHG Rewards Club Premier card, including the annual free night reward starting in cardholders’ second year.

However, the card can earn an additional free night by spending $60,000 in purchases with one additional purchase each calendar year. The certificate can be redeemed at any IHG location costing 40,000 points or less. But cardholders can add points from their IHG Rewards account to use the certificate at a higher level property.

Here are some of the other benefits of the card:

  • Automatic Platinum Elite status
  • Fast Track to Diamond Elite Status
  • $50 in United TravelBank Cash each calendar year
  • 10,000 annual bonus points and $100 credit after spending $20,000 on purchases plus one additional purchase each calendar year.
  • Fourth night free on reward redemptions
  • A Global Entry/TSA PreCheck application fee credit every four years (up to $100)

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