Approval for any credit card will depend on your status. The APR shown represents the interest rate offered to most successful applicants. Depending on your personal circumstances the APR you're offered may be higher, or you may not be offered credit at all. Fees and rates are subject to change without notice. It's always wise to check the terms of any deal before you borrow.
IHG Rewards Club Credit Card review 2021
Designed for full-time travellers, this credit card multiplies the value of the InterContinental Hotels Group loyalty programme.
Finder rating: ★★★★★
Doing its job: 4/5
In a nutshell:
Up to 10,000 points
0% interest on balance transfers
|Issuer||Creation Financial Services|
|Rep. APR||22.9% (variable)|
|Loyalty scheme||IHG Rewards|
|Incentive||Receive 1 IHG Rewards Club point for every £1 spent in the UK. 2 IHG Rewards Club points for every £1 spent at any IHG location in the UK and 2 IHG Rewards Club points for every £1 spent abroad.|
|Incentive on opening||10,000 IHG Rewards Club bonus points when spend £200 in first 90 days of account opening|
|Additional Rewards Info||InterContinental Hotel Group Gold Elite Status on opening account with following benefits: 10% extra bonus points on top of usual points, priority check-in on guaranteed reservations, extended check-out, no black-out dates on Reward nights and a dedicated customer service line.|
|Purchases interest-free period (days)||50|
|Balance transfers||0% for 12 months reverting to 22.9%|
Chris Lilly is a publisher at finder.com. He's a specialist in credit-based products including business and personal loans, mortgages and credit cards, and is passionate about helping UK consumers make informed decisions about their borrowing. In his spare time Chris likes forcing his kids to exercise more.
Expert reviewIf you travel quite often, be it for work or for pleasure, you’ve probably spent at least a few nights at an IHG (InterContinental Hotels Group) hotel – given that the group includes some of the most well known hotel chains in the world, such as Holiday Inn and Crowne Plaza. Frequent customers may want to take a look at this credit card, that makes it remarkably quicker and easier to earn IHG Rewards to treat yourself with free hotel nights or airline miles.
Normally, with the IHG loyalty programme, you only earn points when you spend at IHG or its partners, for example, you get 10 points for every £1 you spend at most IHG hotels. However, with the IHG Rewards Club Credit Card you’ll earn additional points every time you use it, no matter what for. You can redeem the points for a variety of prizes, from hotel bookings to retail gift cards to car rentals.
Other perks include priority check-in, extended check-out and a dedicated customer service line.
Aside from the benefits dedicated to the travel addicted, this credit card’s financial features earn it a decent place in the overall credit card market. There’s no annual fee and, provided you don’t carry a balance from month to month, you’ll enjoy up to 50 days of 0% interest on your purchases each billing cycle.
If you’re carrying a balance on another card and you’re considering moving it because of the interest it’s costing you, this card may have something in it for you. If you do a balance transfer, you’ll enjoy a 0% rate on it for 12 months. However, there is a balance transfer fee of 3% (min. £3) to consider, and if you don’t clear your balance in full within that time, any outstanding balance will start to accrue interest at the card’s standard rate.
As this card is on the Mastercard network, it’s accepted in more than 40 million locations worldwide. You’ll also be able to enjoy access to Priceless Cities experiences.
The IHG Rewards Club Credit Card is issued on the Mastercard network so it's accepted at nearly 53 million merchants across more than 210 countries and territories.
Pros and cons
- A year of 0% interest on balances transferred to focus on reducing your card debt
- Earn points on day-to-day spending
- Up to 10,000 points introductory bonus
- No annual fee
- Minimum annual income requirement of £10,000
- Applicants with low credit scores are unlikely to be eligible
- You may be offered an opening credit limit as low as £100
How does it compare?
Creation Financial Services's card
Other popular reward cards
You can make manual repayments through Creation Financial Services's app, by logging in to your online banking or over the phone (0371 376 9214). Alternatively you may wish to set up a direct debit.
A direct debit protects you from forgetting to make a repayment and either damaging your credit score, getting hit with a penalty fee (£12) or losing any promotional rates as a result.
You can arrange a direct debit for repayments when you apply for the credit card. The table below shows the options available.
Choose from the following direct debit options for your monthly repayments:
|Minimum amount||Fixed amount||Fixed percentage||Full amount|
How to apply for the IHG Rewards Club Credit Card
If you've compared credit cards and decided that with your nomadic lifestyle this card is definitely worth your while, you can apply online.
Be prepared to provide both your personal (such as address history) and financial (such as annual income) details. The application will start with a so-called "soft check" – it will tell you how likely you are to be accepted for the card, without impacting your credit score.
Frequently asked questions
What credit limit will I get with the IHG Rewards Club Credit Card?
If Creation Financial Services is able to offer you this deal, the offer will specify a personalised credit limit based on Creation Financial Services's assessment of your situation. The minimum limit offered on this card is £100 and Creation Financial Services does not specify a maximum. Once you've had the card for a while and shown Creation Financial Services that you're reliable, you may wish to apply for a credit limit increase.
Can I withdraw cash using the IHG Rewards Club Credit Card?
Although it's possible, withdrawing cash from a credit card account is generally not a good idea, as "cash-like transactions" (withdrawing cash at an ATM, getting cashback at the till, spending at a casino, buying currency, etc.) often incur steep fees and/or higher rates of interest.
The cash advance fee on the IHG Rewards Club Credit Card is 3% (min. £5). For example, if you withdraw £50, you'll incur a fee of £5.00. Withdraw £250, and you'll incur a fee of £7.50.
The interest rate on this part of your balance will be 27.9%, which is 22% more than the standard purchases rate (chargeable from the day of the transaction – the card's usual "up to 50 days interest-free" grace period won't apply).
How much does it cost to use the IHG Rewards Club Credit Card abroad?
Non-sterling transactions are subject to a 2.99% charge. For example, if you spend 200 euros (£173.76), it'll cost you around £5.20.
What is the minimum payment on the IHG Rewards Club Credit Card?
Each month you must pay at least 1% of your balance at that point or £5.00 – whichever of the two figures is greater. So if you had, say, £450.00 outstanding, you'd pay £5.00, and if you had £2,000.00 outstanding, you'd pay £20.00.
Paying only the minimum required amount each month is generally not advisable as it tends to be a very expensive way to borrow money which can lead to persistent debt.