IHG One Rewards members who maintain Diamond Elite standing or belong to IHG’s Enterprise Rewards program can now switch as much as 500,000 IHG One Rewards factors per calendar 12 months 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 factors. And by chance, many vacationers could also be eligible to affix IHG’s Enterprise Rewards program.
Here is what it’s good to learn 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factors between accounts in increments of 1,000 factors if the sender and receiver accounts are no less than 30 days outdated. Nevertheless, you may solely switch or obtain as much as 500,000 factors per calendar 12 months.
Beforehand, all members initiating transfers wanted to pay a price 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 price.
To switch IHG One Rewards factors to a different member, head right here, present the requested particulars about your IHG account to log in after which fill out the factors switch kind.
You may want to verify the recipient’s particulars on the subsequent web page.
Then, you may 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. In consequence, 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.
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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 “provide doesn’t have an expiration date and can proceed at IHG’s discretion.”
Associated: 7 methods to earn extra IHG One Rewards factors on your subsequent redemption
When and why to switch IHG factors
Frequent readers know I am a giant fan of shopping for IHG factors, particularly when you are able to do so with a 100% bonus. In any case, a 100% bonus brings the efficient buy fee down to only 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 12 months (this cover has been elevated to 250,000 factors per calendar 12 months in the course of the present IHG purchase factors promotion).
That is when transferring IHG factors to a different member and not using a price might develop into helpful. For those who want extra factors than the utmost quantity you should purchase in a 12 months, you could possibly have one other member purchase factors after which switch them to you.
My husband and I each presently have Diamond Elite standing, however I anticipate solely considered one of us will be capable to requalify subsequent 12 months. So, we will now switch factors from considered one of our accounts to the opposite with out paying switch charges. Then, we will use that account in 2024 as we try to requalify considered one of our accounts for Diamond Elite standing.
One more reason to switch IHG factors might be in the event 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 strategy to informally align your bills, you could possibly switch half of the factors required for the keep to your buddy.
Associated: get a 4th-night-free reward when redeeming IHG factors
develop into eligible free of charge 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 easy methods to earn IHG One Rewards elite standing or develop into a Enterprise Rewards program member.
IHG Diamond Elite standing requires 70 qualifying nights or 120,000 qualifying factors per calendar 12 months. Alternatively, you may earn Diamond Elite standing via Dec. 31 of the next 12 months in the event you make purchases totaling $40,000 or extra throughout a calendar 12 months in your IHG One Rewards Premier Credit score Card or IHG One Rewards Premier Enterprise Credit score Card.
Fortunately, it is comparatively straightforward to develop into a Enterprise Rewards member. IHG’s phrases and situations state that “Membership in IHG Enterprise Rewards is obtainable to people who’re both company bookers, enterprise journey/conferences brokers or particular person bookers.” The phrases and situations outline a person booker as “an individual who books Qualifying Spend at Collaborating Motels on their very own behalf or on behalf of another person.” Head to the Enterprise Rewards web page to affix this system.
Associated: Final-minute methods for incomes IHG One Rewards elite standing
Backside line
I am excited that IHG has eliminated the switch charges for Diamond Elite and Enterprise Rewards members who wish to switch factors to different members. In any case, the $5 per 1,000 factors switch price for different members makes transferring factors a poor resolution in relation to maximizing your factors. We solely advocate doing so in probably the most dire circumstances.
