As of October 2019, IHG Rewards Club points are worth approximately $0.005 USD each. This means 1,000 Rewards Club points are worth about $5.00 USD, and 50,000 Rewards Club points are worth about $250.00.

This also makes Rewards Club points less valuable than Accor, Hilton, Hyatt, or Marriott points.

Since guests earn 10 points for each dollar spent at most IHG brands, before any elite status bonuses, this means you get an effective rebate of 5% — in the form of Rewards Club points — on spending with IHG. This rebate percentage is lower than those for Choice, Hilton, Hyatt, or Marriott.

Two all-suite IHG brands — Candlewood Suites and Staybridge Suites — only earn five points per dollar spent, or a rebate of 2.5%.

Those with the highest elite status level, Spire, get a 100% points bonus, meaning they earn an effective rebate of 10.0% on spending with IHG (excluding the reduced-earnings all-suite brands). This elite status rebate rate trails Hilton and Marriott but is higher than most other hotel loyalty programs.

The co-branded Chase IHG Rewards Club Premier Credit Card, with $89 annual fee, earns 10 points per dollar spent at IHG brands and properties and 2 points per dollar spent on gas, groceries, and restaurants. All other purchases earn 1 point per dollar spent.

This works out to an effective rebate of 5% at IHG, 1% on gas/groceries/restaurants, and 0.5% on all other purchases.

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