IHG Rewards Club Premium Credit Card review April 2020

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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.

Representative example: When you spend £1,200 at a purchase rate of 22.9% (variable) p.a. with a fee of £99 per annum, your representative rate is 45.1% APR (variable).

12 months

0% interest on balance transfers

45.1%

Representative APR

£99

Yearly account fee

Up to 20,000 points

Intro bonus

Details

IssuerCreation Financial Services
NetworkMastercard
Rep. APR45.1% (variable)
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.
Purchases22.9%
Purchases interest-free period (days)50
Balance transfers0% for 12 months reverting to 22.9%

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.

Compare cards that earn IHG Rewards Club points

Table: sorted by representative APR, promoted deals first
Updated April 4th, 2020
Name Product Max. intro bonus Default earn-rate Annual/monthly fees Rep. APR Incentive Representative example
IHG Rewards Club Credit Card Mastercard
10,000 points
1 point per £1 spent
£0
22.9% (variable)
Receive an additional 10,000 IHG Rewards Club bonus points when £500 or more spent within first 90 days of opening until 31.3.20.
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.
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).
IHG Rewards Club Premium Credit Card Mastercard
20,000 points
2 points per £1 spent
£99 per annum
45.1% (variable)
2 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.
Representative example: When you spend £1,200 at a purchase rate of 22.9% (variable) p.a. with a fee of £99 per annum, your representative rate is 45.1% 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.

Table: sorted by representative APR, promoted deals first
Updated April 4th, 2020
Name Product Max. intro bonus Earn-rate with brand Default earn-rate Annual/monthly fees Rep. APR Incentive Representative example
American Express Rewards Credit Card
5,000 points
1 point per £1 spent
1 point per £1 spent
£0
22.9% (variable)
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).
British Airways American Express Card
5,000 points
1 point per £1 spent
1 point per £1 spent
£0
22.9% (variable)
5,000 Avios when you spend £1,000 within 3 months of account opening. Earn 1 Avios for virtually every £1 spent. Get a Companion Voucher when you spend £20,000 each year. Earn up to 90,000 bonus Avios points per calendar year, 4,000 points per friend/family member that successfully applies for an American Express card (Excl. Basic card) and uses the Referral Programme.
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).
American Express Platinum Cashback Everyday Card
£100
1% cashback
1% cashback
£0
22.9% (variable)
5% on £1 to £2000 of yearly spend for introductory period of 3 months. 0.5% on £1 to £5000 of yearly spend. 1% after £5001 of yearly spend. Cashback paid Anniversary into Card Account. 5% intro cashback in the first 3 months (max £100). Must spend £3K annually to earn cashback.
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).
The American Express Nectar Credit Card
20,000 points
2 points per £1 spent
2 points per £1 spent
Year 1 - £0, Year 2 onwards - £25 per annum
28.2% (variable)
20,000 Nectar points when you spend £2K within 3 months of account opening. Earn 2 Nectar points for virtually every £1 spent at Nectar partners and elsewhere.
Representative example: When you spend £1,200 at a purchase rate of 22.9% (variable) p.a. with a fee of Year 1 - £0, Year 2 onwards - £25 per annum, your representative rate is 28.2% APR (variable).
American Express Platinum Cashback Card
£125
1.25% cashback
1.25% cashback
£25 per annum
28.2% (variable)
5% on £1 to £2500 of yearly spend for introductory period of 3 months. 1% on £1 to £10000 of yearly spend. 1.25% after £10001 of yearly spend. Cashback paid Anniversary into Card Account. 5% intro cashback (max £125).
Representative example: When you spend £1,200 at a purchase rate of 22.9% (variable) p.a. with a fee of £25 per annum, your representative rate is 28.2% APR (variable).
The Marriott Bonvoy American Express Card
20,000 points
6 points per £1 spent
2 points per £1 spent
£75 per annum
39.7% (variable)
Earn 20,000 points when you spend £3,000 within 3 months of account opening. Earn 6 points for every £1 spent at Marriott properties globally and 2 points for virtually every other £1 spent.
Representative example: When you spend £1,200 at a purchase rate of 22.9% (variable) p.a. with a fee of £75 per annum, your representative rate is 39.7% APR (variable).
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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.

We show offers we can track - that's not every product on the market...yet. Unless we've said otherwise, products are in no particular order. The terms "best", "top", "cheap" (and variations of these) aren't ratings, though we always explain what's great about a product when we highlight it. This is subject to our terms of use. When you make major financial decisions, consider getting independent financial advice. Always consider your own circumstances when you compare products so you get what's right for you.

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