IHG Cards Boost Sign-Up Bonus With Statement Credit [Limited Time]

For a limited time, Chase and IHG are sweetening a summer sign-up bonus offer, with an added statement credit on two popular IHG credit cards.

Here’s what you need to know about these boosted welcome offers:

Here’s what’s changing and what’s staying the same with the IHG® One Rewards Premier Credit Card which carries an annual fee of $99:

• New offer: Earn 140,000 bonus points after spending $3,000 in the first 3 months from account opening. Plus, new cardmembers can earn up to $100 in statement credits on purchases at IHG Hotels and Resorts during the first 12 months from account opening.  

• Ongoing rewards rate: The IHG® One Rewards Premier Credit Card will continue to earn up to 26 total points per $1 spent at IHG hotels; 5 points per $1 spent at gas stations, travel and restaurants; and 3 points per $1 spent on all other purchases.

Here’s what’s changing and what’s staying the same with the IHG® One Rewards Traveler Credit Card, which has a $0 annual fee:

• New offer: Earn 80,000 bonus points after spending $2,000 in the first 3 months from account opening. Plus, new cardmembers can earn up to $50 in statement credits on purchases made at IHG Hotels and Resorts during the first 12 months from account opening.

• Ongoing rewards rate: The IHG® One Rewards Traveler Credit Card will continue to earn up to 17 total points per $1 spent at IHG hotels; 3 points per $1 spent on monthly bills, gas stations and restaurants; and 2 points per $1 spent on all other purchases.

Currently, NerdWallet values IHG points at 0.7 cent apiece. That brings the value of these sign-up bonuses to $1,080 for the IHG® One Rewards Premier Credit Card ($980 worth of points, plus the $100 statement credit) and $610 for the IHG® One Rewards Traveler Credit Card ($560 worth of points, plus the $50 statement credit).

NerdWallet calculates this baseline valuation by comparing cash prices to available reward redemptions for hotel stays across multiple destinations, dates and brands within the IHG umbrella.

Here’s a quick look at the hotels included in that offering:

Overall, this isn’t IHG’s best-ever sign-up bonus offer. But if you’ve been on the fence about these cards, now may be a great time to pick up an already valuable bonus with the added perk of a statement credit.