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IHG Rewards Premier Card Review: A Hotel Credit Card With Lots of Perks

Review Updated March 6, 2023
Elizabeth Aldrich
By: Elizabeth Aldrich

Our Credit Cards Expert

Many or all of the products here are from our partners that compensate us. It’s how we make money. But our editorial integrity ensures our experts’ opinions aren’t influenced by compensation. Terms may apply to offers listed on this page.

Offer status

This offer is unavailable on The Ascent. The information related to IHG® Rewards Premier Business Credit Card has been collected by The Ascent and has not been reviewed or provided by the issuer.

Hotels are one of the biggest expenses when it comes to vacationing -- but with the IHG® Rewards Premier Business Credit Card in your pocket, it won't take you long to get to a free hotel stay. This is a hotel credit card favorite for good reason: It comes with a generous sign-up bonus, a great rewards rate, and perks like hotel status and annual free nights. Discover all the travel benefits of this card in our IHG® Rewards Premier Business Credit Card review.

IHG® Rewards Premier Business Credit Card
Rating image, 4.50 out of 5 stars.
4.50 stars
Circle with letter I in it. Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor. We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair
= Poor

Credit Score:
Good/Excellent (670-850) Circle with letter I in it. Falling within this credit range does not guarantee approval by the issuer. An application must be submitted to the issuer for a potential approval decision. There are different types of credit scores and creditors use a variety of credit scores to make lending decisions.

Intro APR Circle with letter I in it. N/A

Purchases: N/A

Balance Transfers: N/A

Regular APR

20.49% - 27.49% Variable

Annual Fee Circle with letter I in it. N/A

$99

Welcome Offer Circle with letter I in it. Earn 140,000 bonus points after spending $3,000 on purchases within the first three months of account opening

Earn 140,000 bonus points

  • This card has a very lucrative bonus you can earn after opening an account, and allows you to rack up tons of point on hotel stays.

    • Big sign-up bonus
    • Free night award
    • Automatic elite status
    • Bonus IHG® rewards
    • No foreign transaction fee
    • Annual fee
    • Earn 140,000 bonus points after spending $3,000 on purchases in the first 3 months from account opening
    • Enjoy a Reward Night after each account anniversary year at eligible IHG hotels worldwide. Plus, enjoy a reward night when you redeem points for a consecutive four-night IHG® hotel stay.
    • Earn up to 26 points total per $1 spent when you stay at an IHG hotel
    • Earn 5 points per $1 spent on purchases on travel, gas stations, select advertising, and restaurants. Earn 3 points per $1 spent on all other purchases
    • Platinum Elite status as long as you remain a Premier Business card member
    • Global Entry, TSA PreCheck® or NEXUS Statement Credit of up to $100 every 4 years as reimbursement for the application fee charged to your card
    • IHG Rewards bonus points are redeemable at hotels such as InterContinental®, Crowne Plaza®, Kimpton®, EVEN® Hotels, Indigo® Hotels & Holiday Inn®

Full IHG Rewards Premier Card review

This credit card is a good fit for: Travelers who want to earn free nights and get special perks at IHG® hotels.

Top perks

140,000 points sign-up bonus

Spending at least $3,000 in the first three months will earn you 140,000 bonus points and a free night. This is a very competitive sign-up bonus for the annual fee.

Free night every anniversary

Every year on your card anniversary you'll be gifted a free night that can be used at any IHG® hotel that's worth 40,000 points per night or fewer.

Platinum Elite status

Cardholders are automatically upgraded to IHG® Rewards Club Platinum Elite status, which comes with a few useful perks. You'll get 20% off point purchases, the anniversary free night, and a fourth reward night free. The latter benefit gives you a free reward night every time you book an award stay of four nights or more.

No foreign transaction fees

For those who travel abroad frequently, it's important to have a credit card with no foreign transaction fee. The IHG® Rewards Premier Business Credit Card does not charge one.

Alternatives to consider

  • If you're looking for a hotel credit card that will earn you luxury stays: It's hard to beat the The World of Hyatt Credit Card. Hyatt points are the most valuable hotel points of any major hotel loyalty program, and although Hyatt's footprint is smaller giants like Hilton and Marriott, the company owns some of the most beloved luxury properties in the world. This card also comes with a generous sign-up bonus and an annual free night award.
  • If you want to earn more flexible travel points or don't want to stay brand-loyal: The Chase Sapphire Preferred® Card earns Ultimate Rewards® points, which can be redeemed for a range of different travel expenses that include flights, hotels, tours, transportation, and cruises. You can also transfer your points to a long list of airline and hotel partners, making this credit card a great option for travelers who want a more flexible rewards program. Plus, you'll earn extra points on all travel and dining spending, so you don't have to stay loyal to one hotel brand.

Read more: Best Hotel Credit Cards

As of Mar. 28, 2023
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IHG® Rewards Premier Business Credit Card

The World of Hyatt Credit Card

Chase Sapphire Preferred® Card
Rating image, 4.50 out of 5 stars.
4.50 stars
Circle with letter I in it. Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor. We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair
= Poor
Rating image, 4.00 out of 5 stars.
4.00 stars
Circle with letter I in it. Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor. We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair
= Poor
Rating image, 4.50 out of 5 stars.
4.50 stars
Circle with letter I in it. Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor. We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair
= Poor

Credit Rating Requirement:

Good/Excellent (670-850) Circle with letter I in it. Falling within this credit range does not guarantee approval by the issuer. An application must be submitted to the issuer for a potential approval decision. There are different types of credit scores and creditors use a variety of credit scores to make lending decisions.

Credit Rating Requirement:

Good/Excellent (670-850) Circle with letter I in it. Falling within this credit range does not guarantee approval by the issuer. An application must be submitted to the issuer for a potential approval decision. There are different types of credit scores and creditors use a variety of credit scores to make lending decisions.

Credit Rating Requirement:

Good/Excellent (670-850) Circle with letter I in it. Falling within this credit range does not guarantee approval by the issuer. An application must be submitted to the issuer for a potential approval decision. There are different types of credit scores and creditors use a variety of credit scores to make lending decisions.

Welcome Offer: Circle with letter I in it. Earn 140,000 bonus points after spending $3,000 on purchases within the first three months of account opening

Earn 140,000 bonus points

Welcome Offer: Circle with letter I in it. Earn 30,000 Bonus Points after you spend $3,000 on purchases in your first 3 months from account opening. Plus, up to 30,000 More Bonus Points by earning 2 Bonus Points total per $1 spent in the first 6 months from account opening on purchases that normally earn 1 Bonus Point, on up to $15,000 spent.

Earn up to 60,000 Bonus Points

Welcome Offer: Circle with letter I in it. Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 when you redeem through Chase Ultimate Rewards®.

60,000 bonus points

Rewards Program:

Rewards Program: Circle with letter I in it. Earn up to 9 points total per $1 spent at Hyatt - 4 Bonus Points per $1 when you use your card at Hyatt hotels & 5 Base Points per $1 from Hyatt as a World of Hyatt member.

Up to 9 points total per $1 spent at Hyatt

Rewards Program: Circle with letter I in it. Enjoy benefits such as a $50 annual Ultimate Rewards Hotel Credit, 5x on travel purchased through Chase Ultimate Rewards®, 3x on dining and 2x on all other travel purchases, plus more.

1x - 5x points

Intro APR: Circle with letter I in it. N/A

Purchases: N/A

Balance Transfers: N/A

Intro APR: Circle with letter I in it. N/A

Purchases: N/A

Balance Transfers: N/A

Intro APR: Circle with letter I in it. N/A

Purchases: N/A

Balance Transfers: N/A

Regular APR:

20.49% - 27.49% Variable

Regular APR:

20.49% - 27.49% Variable

Regular APR:

20.49% - 27.49% Variable

Annual Fee: Circle with letter I in it. N/A

$99

Annual Fee: Circle with letter I in it. N/A

$95

Annual Fee: Circle with letter I in it. N/A

$95

Highlights:

  • Earn 140,000 bonus points after spending $3,000 on purchases in the first 3 months from account opening
  • Enjoy a Reward Night after each account anniversary year at eligible IHG hotels worldwide. Plus, enjoy a reward night when you redeem points for a consecutive four-night IHG® hotel stay.
  • Earn up to 26 points total per $1 spent when you stay at an IHG hotel
  • Earn 5 points per $1 spent on purchases on travel, gas stations, select advertising, and restaurants. Earn 3 points per $1 spent on all other purchases
  • Platinum Elite status as long as you remain a Premier Business card member
  • Global Entry, TSA PreCheck® or NEXUS Statement Credit of up to $100 every 4 years as reimbursement for the application fee charged to your card
  • IHG Rewards bonus points are redeemable at hotels such as InterContinental®, Crowne Plaza®, Kimpton®, EVEN® Hotels, Indigo® Hotels & Holiday Inn®

Highlights:

  • Earn 30,000 Bonus Points after you spend $3,000 on purchases in your first 3 months from account opening. Plus, up to 30,000 More Bonus Points by earning 2 Bonus Points total per $1 spent in the first 6 months from account opening on purchases that normally earn 1 Bonus Point, on up to $15,000 spent
  • Enjoy complimentary World of Hyatt Discoverist status for as long as your account is open.
  • Get 1 free night each year after your Cardmember anniversary at any Category 1-4 Hyatt hotel or resort
  • Receive 5 tier qualifying night credits towards status after account opening, and each year after that for as long as your account is open
  • Earn an extra free night at any Category 1-4 Hyatt hotel if you spend $15,000 in a calendar year
  • Earn 2 qualifying night credits towards tier status every time you spend $5,000 on your card
  • Earn up to 9 points total for Hyatt stays - 4 Bonus Points per $1 spent at Hyatt hotels & 5 Base Points per $1 from Hyatt as a World of Hyatt member
  • Earn 2 Bonus Points per $1 spent at restaurants, on airline tickets purchased directly from the airlines, on local transit and commuting and on fitness club and gym memberships

Highlights:

  • Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 when you redeem through Chase Ultimate Rewards®.
  • Enjoy benefits such as a $50 annual Ultimate Rewards Hotel Credit, 5x on travel purchased through Chase Ultimate Rewards®, 3x on dining and 2x on all other travel purchases, plus more.
  • Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards®. For example, 60,000 points are worth $750 toward travel.
  • Count on Trip Cancellation/Interruption Insurance, Auto Rental Collision Damage Waiver, Lost Luggage Insurance and more.
  • Get complimentary access to DashPass which unlocks $0 delivery fees and lower service fees for a minimum of one year when you activate by December 31, 2024.
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The information related to IHG® Rewards Premier Business Credit Card has been collected by The Ascent and has not been reviewed or provided by the issuer. The information related to The World of Hyatt Credit Card has been collected by The Ascent and has not been reviewed or provided by the issuer.

What could be improved

Annual fee

The $99 annual fee is lower than many travel credit cards, but it's not waived the first year. The annual free night is offered as an incentive to keep the card and pay the fee, but because the annual free night can be redeemed only at hotels valued at 40,000 points or below, there is a limit to how much value you can get from it.

Transfer partners

If you're looking to redeem your points for something other than a stay at an IHG® hotel, you won't have much luck. While this credit card does offer plenty of options for transferring your points to various airlines, most of them transfer at a rate of 10,000 points for 2,000 miles, meaning even the 80,000 sign-up bonus isn't enough for a round-trip flight on most airlines.

Low value points

While the sign-up bonus and rewards rate on this card are massive, the points you earn are worth less than most other hotel points. We calculate that IHG® points are worth $0.005 each on average.

Read more: Best Travel Cards With No Annual Fee

Find the best credit card for your needs

Compare credit card rewards, fees, APRs, and more using our side-by-side comparison tool.

Suggested credit score

Applicants with excellent credit (a FICO® Score of at least 670) have a great chance of approval for the IHG® Rewards Premier Business Credit Card.

The IHG Rewards Premier Card is right for you if:

The IHG® Rewards Premier Business Credit Card is a very high-value card for people who stay in IHG® hotels regularly, and even for those who just want to travel more often and enjoy IHG® properties. Even though there's an annual fee, we calculate the sign-up bonus on this card to be worth at least $625 in hotel spending.

In addition, if you travel regularly, you'll still find the card worthwhile beyond the sign-up bonus. The Global Entry statement credit saves you $100 every four years. And the annual free night perk alone makes the annual fee worth it if you already have plans to stay in a qualifying IHG® hotel the following year.

FAQs

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