IHG One Rewards Premier
A $99-a-year hotel card from Chase.
Rates, fees, and full terms are set by Chase and can change. See current rates & fees on the issuer’s site, and always confirm the latest terms before applying.
Our review
The IHG One Rewards Premier is one of the better hotel co-brand cards, because its annual free night, redeemable at a wide range of IHG properties, routinely beats the $99 fee, and it comes with Platinum status and strong bonus earning. If you stay at IHG hotels like Holiday Inn or InterContinental, this is an easy card to justify.
The points are locked to IHG, but between the free night, the status, and the fourth-night-free perk on award stays, the card offers real value to loyalists.
Think twice if: you do not stay at IHG properties, since the free night and status only benefit their guests.
Our 7.6 out of 10 rating
Each score weighs the rewards rate, value after the annual fee, welcome offer, points flexibility, and perks, with every point valued at a flat 1 cent. This is our editorial assessment to help you compare cards, not a guarantee of approval or of the value you will get.
Earning rates at a glance
Rewards: how it earns
You earn heavily at IHG, plus strong bonuses on travel, dining, and gas, in IHG points. IHG points are worth less than transferable currency, but the volume you earn plus the fourth-night-free benefit on award stays makes them add up. Use it for IHG stays and the bonus categories rather than as a flat everyday card.
| Category | Rate | Notes |
|---|---|---|
| Dining and restaurants | 5x | Bonus category |
| Gas | 5x | Bonus category |
| Travel | 5x | Bonus category |
| Groceries | 3x | Base rate |
| Streaming | 3x | Base rate |
| Everything else | 3x | Everything else |
Brand and bonus rates: beyond the everyday categories above, this card also earns:
- 26x IHG One Rewards points at IHG Hotels & Resorts
Every point and mile above is valued at a flat 1 cent, the same honest standard we use for every card. Run your own spending through the calculator to see what this card would actually return for you.
Best ways to earn & redeem
Put your dining, gas, and travel spending on this card to earn at its highest rates, and let a different card handle the categories it does not bonus. Its dining rate is among the stronger ones you will find in that category.
When you cash in, redeem the miles or points inside the single loyalty program this card is tied to. We value every point at a flat 1 cent, so treat any transfer upside as a bonus rather than the baseline — see what your points are really worth.
Pros and cons
- Annual free night that usually beats the fee
- Platinum elite status with IHG
- Fourth night free on award stays
- Large welcome bonus
- Points locked to IHG and lower-value individually
- $99 annual fee
- Little value if you do not stay at IHG
The welcome bonus
The welcome bonus is big: up to 185,000 IHG points after $6,000 in six months. IHG points are lower-value individually, but that is still enough for many nights, and it is the main reason to grab the card in year one.
Is it worth the annual fee?
The $99 fee is easy to justify because the annual free night can be worth well over $99 at a decent IHG property. As long as you use that free night, the card more than pays for itself, which makes it a comfortable long-term hold for an IHG guest.
First-year value vs ongoing value
| Welcome bonus | 140,000 IHG One Rewards Points |
| To earn it | $3,000 in 3 months |
| Est. first-year value* | $2,315 |
| Est. ongoing value / yr* | $915 |
The welcome bonus makes year one the high point: roughly $2,315 in value once you count the bonus, this card’s rewards, and its credits, minus the $99 fee. After that, the honest figure is about $915 a year, so judge whether it earns its keep on the ongoing number, not the first-year headline.
*First-year value counts the welcome bonus, estimated rewards, and annual credits, minus the annual fee; ongoing value is a typical year after. Every point at a flat 1 cent, on average spending.
Benefits and protections
Beyond the rewards, the perks and protections worth knowing about include:
- Automatic IHG One Rewards Platinum Elite status
- 4th night free on award stays
- IHG One Rewards Bonus points each account anniversary year
- Global Entry, TSA PreCheck, or NEXUS fee credit
- No foreign transaction fees
Statement credits
This card does not come with recurring statement credits. Its value is in the rewards rate and welcome offer.
Who should get it, and who should skip it
If you stay at IHG hotels, the Premier is one of the strongest hotel cards out there, the free night reliably beats the fee, Platinum status is useful, and the fourth-night-free perk stretches your points further.
If IHG is not part of your travel, the locked points and hotel perks will not do much, and a transferable-points card is more flexible. But for IHG loyalists, this is a clear win.
Alternatives to the IHG One Rewards Premier
Pairs well with
The IHG One Rewards Premier earns the most in its bonus categories, so pair it with a no-fee flat-rate card to cover everything it only earns a base rate on.
Frequently asked questions
Best-card guides featuring this card
Learn more
How does it rank for your spending?
Every card is ranked by what it actually returns on the way you spend. Run your numbers and see where the IHG One Rewards Premier lands.
Calculate My CardOffer details verified against issuer sources as of October 2026. Editorial opinions are our own. Cardocrat values all points at a flat 1 cent and never inflates redemptions.
