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IHG Rewards Club Credit Card review
This card is no longer available, but you can use our review to find alternatives.
The IHG Rewards Club Credit Card has been discontinued and is no longer available. However, this information has been kept for historical purposes. You can use this page to compare similar cards from other issuers.
Finder rating: ★★★★★
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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
| Issuer | Creation Financial Services |
|---|---|
| Network | Mastercard |
| Representative APR | 22.9% APR (variable) |
| Annual/monthly fees | £0 |
| 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 | 22.9% |
| Purchases interest-free period (days) | 50 |
| Balance transfers | 0% for 12 months reverting to 22.9% |
| Potential costs | ★★★★★ |
| Doing its job | ★★★★★ |
| Extras | ★★★★★ |
| Overall Finder rating | ★★★★★ |
Review by
Chris Lilly
chris.lilly@finder.comChris Lilly is a publisher at finder.com. He's a specialist in personal finance, from day-to-day banking to investing to borrowing, and is passionate about helping UK consumers make informed decisions about their money. 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.
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
Other reward cards
Table: sorted by representative APR, promoted deals first
Approval for any credit card depends on your status. The representative APRs shown represent 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
Sorry – Creation Financial Services is no longer accepting applications for this card. However you may wish to consider one of the alternatives listed above.
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" (such as withdrawing cash at an ATM, getting cashback at the till, spending at a casino or buying currency) 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 purchase 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 (which is very standard). For example, if you spend 200 euros (£172.32), it'll cost you around £5.15 in fees.
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 2 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.
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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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