Comprehensive Overview of the IHG Premier Rewards Visa

The IHG Premier Rewards Visa, issued by the Chase Bank, is a co-branded travel credit card designed for avid travelers who frequently stay at Intercontinental Hotels Group (IHG) properties. This card is particularly attractive for those looking to earn and redeem points efficiently within the extensive IHG rewards program. Below, we delve into the card’s essential features, benefits, and potential downsides.

Card Type

The IHG Premier Rewards Visa is classified as a travel rewards credit card. It enables cardholders to collect points that can be redeemed primarily for hotel stays, making it an ideal choice for travelers prioritizing hotel rewards over general cashback.

Annual Fee

This card comes with an annual fee of $89, which is typical for travel credit cards offering competitive rewards programs. While there is an annual fee, the benefits often outweigh the cost for frequent travelers.

Rewards Program

The rewards structure is one of the most appealing aspects of the IHG Premier Rewards Visa. Cardholders earn:

• 10 points per dollar spent at IHG hotels.
• 2 points per dollar spent on other travel and dining purchases.
• 1 point per dollar spent on all other purchases.

Points can be redeemed for complimentary nights at IHG hotels, travel experiences, or converted to airline miles. The flexibility in redemption options enhances the value of this rewards program, making it one of the leading travel credit cards available.

Sign-Up Bonus

The IHG Premier Rewards Visa offers a generous sign-up bonus of 140,000 points if cardholders spend at least $3,000 in the first three months from account opening. This bonus can help incentivize travelers to apply and can cover several free nights at IHG hotels upon qualification.

APR (Annual Percentage Rate)

The card features a standard APR of 20.49% – 27.49% variable, dependent on creditworthiness. Additionally, new cardholders can benefit from a 0% introductory APR on balance transfers for the first 12 months, making it an appealing option for those looking to manage existing debt.

Foreign Transaction Fees

A significant advantage for international travelers is that the IHG Premier Rewards Visa comes with no foreign transaction fees. This feature allows users to make purchases abroad without incurring additional costs, further enhancing the card’s value for travel.

Balance Transfer Options

For cardholders looking to manage existing debt, this card offers special balance transfer options. New customers can take advantage of a 0% APR on balance transfers for the first 12 months, with a standard transfer fee of either 5% of the amount transferred or $5, whichever is greater. This can be a valuable benefit for those looking to consolidate their finances.

Additional Fees

Aside from the annual fee, cardholders should be aware of other important fees associated with the card:

• Late payment fee: Up to $39.
• Cash advance fee: Either 5% of the amount (minimum $10) or the cash advance fee specified in the cardholder agreement.

Card Benefits and Perks

In addition to its robust rewards program, the IHG Premier Rewards Visa offers several valuable benefits:

• Global Entry or TSA PreCheck Fee Reimbursement: You can receive up to $100 as a statement credit for either program.
• Fourth Reward Night Free: When booking through IHG, cardholders receive their fourth night free, offering significant savings.
• Access to Exclusive Events: Cardholders may be invited to exclusive events and experiences, enhancing their travel experience.

Customer Protections and Insurance

The card comes with valuable protections, including:

• Fraud Liability Protection: Cardholders are protected against unauthorized purchases, ensuring peace of mind.
• Purchase Protection: Eligible purchases may be covered against damage or theft.
• Rental Car Insurance: Secondary coverage for rental cars can help avoid extra charges when traveling.

Eligibility and Credit Score Requirements

While specific eligibility criteria may vary, it is generally recommended that applicants have a credit score of at least 670 or higher. This is indicative of good to excellent credit, which is typically required for approval.

Introductory Offers

Notably, the card’s 0% introductory APR on balance transfers provides a significant period for customers to manage their finances without incurring interest, lasting for the first 12 months after opening the account.

Special Features or Unique Selling Points

One standout feature of this card is the free night benefit. After spending $15,000 on the card in a calendar year, cardholders earn a free night certificate at any IHG property, adding tremendous value for frequent travelers.

How to Apply

Interested applicants can conveniently apply for the IHG Premier Rewards Visa online. To start the application process, visit the ‘>Official Website to begin your journey.

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