IHG Rewards Club Credit Card review 2021

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Designed for full-time travellers, this credit card multiplies the value of the InterContinental Hotels Group loyalty programme.

Finder rating: ★★★★★

Representative example: When you spend £1,200 at a purchase rate of 22.9% (variable) p.a., your representative rate is 22.9% APR (variable).

Up to 10,000 points

Intro bonus

22.9%

Representative APR

12 months

0% interest on balance transfers

£0

Account fee

Details

IssuerCreation Financial Services
NetworkMastercard
Rep. APR22.9% (variable)
Annual/monthly fees£0
Loyalty schemeIHG Rewards
IncentiveReceive 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 opening10,000 IHG Rewards Club bonus points when spend £200 in first 90 days of account opening
Additional Rewards InfoInterContinental 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.
Purchases22.9%
Purchases interest-free period (days)50
Balance transfers0% for 12 months reverting to 22.9%

Expert review

Chris Lilly

Review by


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 review

If 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

Pros

  • 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

Cons

  • 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

Data updated daily
Name Product Max. intro bonus Earn-rate with brand Default earn-rate Annual/monthly fees Rep. APR Link Incentive Representative example
IHG Rewards Club Credit Card Mastercard
10,000 points
2 points per £1 spent
1 point per £1 spent
£0
22.9% (variable)
More Info
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.
Representative example: When you spend £1,200 at a purchase rate of 22.9% (variable) p.a., your representative rate is 22.9% APR (variable).
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Other popular reward cards

Table: sorted by representative APR, promoted deals first
Data updated daily
Name Product Max. intro bonus Earn-rate with brand Default earn-rate Annual/monthly fees Rep. APR Link Incentive Representative example
M&S Bank Transfer Plus Mastercard
500 points
1 point per £1 spent
1 point per £5 spent
£0
19.9% (variable)
Check eligibility
More Info
Earn 1 point for every £1 spent at Marks and Spencer's and 1 point for every £5 spent elsewhere. 100 points = £1 reward voucher. Points will be converted into reward vouchers 4 times a year.
Representative example: When you spend £1,200 at a purchase rate of 19.9% (variable) p.a., your representative rate is 19.9% APR (variable).
M&S Bank Reward Plus Mastercard
500 points
2 points per £1 spent
1 point per £5 spent
£0
19.9% (variable)
Check eligibility
More Info
Double points on spend in M&S for first 12 months (2 points per £1). Then earn 1 point for every £1 spent at Marks and Spencer's and 1 point for every £5 spent elsewhere. 100 points = £1 reward voucher. Points will be converted into reward vouchers 4 times a year.
Representative example: When you spend £1,200 at a purchase rate of 19.9% (variable) p.a., your representative rate is 19.9% APR (variable).
M&S Bank Shopping Plus Credit Card
500 points
1 point per £1 spent
1 point per £5 spent
£0
19.9% (variable)
Check eligibility
More Info
Earn 1 point for every £1 spent at Marks and Spencer's and 1 point for every £5 spent elsewhere. 100 points = £1 reward voucher. Points will be converted into reward vouchers 4 times a year.
Representative example: When you spend £1,200 at a purchase rate of 19.9% (variable) p.a., your representative rate is 19.9% APR (variable).
Santander All in One Credit Card
N/A
0.5% cashback
0.5% cashback
£3 per month
21.7% (variable)
Check eligibility
More Info
0.5% cashback after £1 of monthly spend. Cashback paid monthly into card account. Maximum spend for cashback purposes is limited to credit limit.
Representative example: When you spend £1,200 at a purchase rate of 15.9% (variable) p.a. with a fee of £3 per month, your representative rate is 21.7% APR (variable).
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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.

Repayment options

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.

Finder credit card ratings

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Our experts score rewards credit cards to determine their value against similar products on the market. We look at a number of important factors, like welcome bonuses, introductory and ongoing earn-rates, any caps or restrictions on the points you can earn, plus the potential costs involved with running the card both in the short and longer term.

You can read more about our scoring criteria on our credit card methodology page.

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