IHG Rewards Club Premium Credit Card review April 2019

IHG Rewards Club Premium Credit Card Mastercard
IHG Rewards Club Premium Credit Card Mastercard

If you spend a good chunk of your time flying all over the world and sleeping in hotel rooms, this credit card may be just right for you.

Loyal customers of IHG (InterContinental Hotels Group), which includes famous hotel chains such as Holiday Inn and Crowne Plaza, may want to take a look at this credit card, which increases the points you can earn through the IHG loyalty programme exponentially.

Usually, you only earn reward points when you spend money at IHG. For example, you get 10 points for each £1 spent at most IHG hotels. However, with the IHG Rewards Club Premium Credit Card the points you earn spending at IHG are increased by 50%, and you can also earn points from all your other purchases, in the UK and abroad.

The downside of this is the comparatively expensive £99 per annum fee. Ultimately, it all comes down to whether you travel enough and use the card enough to outweigh it – if you’re in between, the standard IHG Rewards Club Credit Card may be a good alternative option.

As far as the other financial features go, this credit card also scores decently against the competition. Provided you don’t carry a balance from month to month, you’ll get up to 50 days of 0% interest on your purchases each billing cycle.

If you’re looking to do a balance transfer, there is a balance transfer fee of 3% (min. £3) to consider, and it’s also important to remember that if you don’t clear your balance in full within the 12 months, 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.

Key details

IssuerCreation Financial Services
NetworkMastercard
Annual/monthly fees£99 per annum
Loyalty schemeIHG Rewards
Incentive2 IHG Rewards Club point for every £1 spent in the UK.
4 IHG Rewards Club points for every £1 spent at any IHG location in the UK.
4 IHG Rewards Club points for every £1 spent abroad.
Free night voucher at any IHG property if customer spends £10,000 per year. Free night voucher to be awarded on account anniversary.
Incentive on opening20,000 IHG Rewards Club bonus points when spend £200 in first 90 days of account opening
Additional Rewards InfoInterContinental Hotel Group Platinum Elite Status on opening account with following benefits: 50% extra bonus points on top of usual points, priority check-in on guaranteed reservations, extended check-out, no black-out dates on Reward nights, dedicated customer service line, complimentary room upgrades and guaranteed room availability.
Purchases19.9%
Purchases interest-free period (days)50
Balance transfers0% for 12 months reverting to 19.9%
Annual/monthly fees£99 per annum
Balance transfer fee3% (min. £3)
Foreign usage charge (EU)2.99%
Foreign usage charge (rest of world)2.99%
Cash advance fee3% (min. £5)
Late payment fee£12
Duplicate statement fee£3
Exceeding limit fee£12
Additional card fee£0
Dormancy fee£0
Minimum Age18
Minimum income£10,000
ResidencyCannot be claiming unemployment benefits.
AvailabilityAvailable to new customers
Representative example: When you spend £1,200 at a purchase rate of 19.9% (variable) p.a. with a fee of £99 per annum, your representative rate is 41.5% APR (variable).

Compare popular rewards credit cards

Comparison ordered by representative APR with affiliated products shown first.
Updated April 19th, 2019
Name Product Purchases Annual/monthly fees Rep. APR Incentive Representative example
9.9%
£0
9.9%
Earn 2,500 bonus Membership Rewards points when you spend £1,000 in your first 3 months, and 1 point for virtually every £1 spent thereafter.
Representative example: When you spend £1,200 at a purchase rate of 9.9% (variable) p.a., your representative rate is 9.9% APR (variable).
0% for 6 months reverting to 19.9%
£0
19.9%
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 or 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).
0% for 20 months reverting to 19.9%
£0
19.9%
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).
19.9%
£0
19.9%
Earn Asda vouchers every time you shop - 1% cashback on all Asda spend, 0.2% on all other transactions and 10% on selected insurance products. Once £2.5 is earnt a voucher can be downloaded to spend in Asda stores.
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).
0% for 18 months reverting to 22.9%
£0
22.9%
Earn 1 Membership Rewards® point for every £1 spent.
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).
22.9%
£0
22.9%
Earn 5,000 bonus Membership Rewards points when you spend £2,000 in your first 3 months, and 1 point for virtually every £1 spent thereafter.
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).

Compare up to 4 providers

Repayment options

When it comes to repayments, you can make manual repayments online or over the phone (0371 376 9214), or alternatively set up a direct debit. A direct debit is a great idea because it protects you from forgetting to make a repayment and either damaging your credit score, getting hit with a penalty fee 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 Premium Credit Card

Once you’ve compared credit cards and decided the rewards this one offers are worth the fee, you can apply online. Check the eligibility criteria first, to make sure you’re not wasting your time.

If you have all the documents and details you need, it shouldn’t take more than 10-15 minutes. The application process will start with an eligibility check, that will tell you if your application has a good chance of being accepted without impacting your credit score.

*Disclaimer: The offers compared on this page are chosen from a range of products finder has access to track details from and is not representative of all the products available in the market. Unless indicated otherwise, products are displayed in no particular order or ranking. The use of terms "Best", "Top", "Cheap" including variations, are not product ratings and are subject to our terms of use. You should consider seeking independent financial advice and consider your personal financial circumstances when comparing products.

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