Chase · Mastercard · travel
IHG One Rewards Premier
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Terms read from Chase's page on Oct 16, 2026.
Year 1, after fees
estimated value, about $2,010, based on 0.59 cents per point
Year 2+, after fees
estimated value, about $1,243, based on 0.59 cents per point
every year after
3 years, after fees
estimated value, about $4,496, based on 0.59 cents per point
Break-even
Month 1
Earn rate by category
Points at 0.59¢ each (lowest published value); published range 0.59¢ to 0.6¢. Source: The Points Guy monthly valuations, October 2026.
All values are after each card's annual or monthly fee, and foreign transaction fees when you set foreign spending. Additional-card fees and memberships some benefits need (such as Amazon Prime or Instacart+) aren't included.
Values for points and miles are estimates based on published redemption valuations; actual value depends on how you redeem.
On each spending preset
After fees; points at their cash value. "~" marks estimates.
| Spending | Year 1 | Year 2+ | 3 years | Break-even |
|---|---|---|---|---|
| Student ($985/mo) | ~$264 | ~$559 | ~$1,381 | Month 5 |
| Couple ($2,555/mo) | ~$1,778 | ~$1,011 | ~$3,801 | Month 2 |
| Family ($3,350/mo) | ~$2,010 | ~$1,243 | ~$4,496 | Month 1 |
| Frequent traveller ($3,880/mo) | ~$2,232 | ~$1,465 | ~$5,163 | Month 1 |
| Big spender ($7,960/mo) | ~$3,340 | ~$2,573 | ~$8,485 | Month 1 |
Who it suits
- People who spend a lot on groceries and dining, where it earns above its base rate.
- Even light spenders: on a student's $985 a month it still earns back its fee.
- Spending abroad: no foreign transaction fee.
Who should skip it
- Nothing stands out on the presets; check it against your own spending.
Fees and rates
- Annual fee
- $150
- Foreign transaction fee
- None
- Purchase APR
- 19.49% to 27.99% (variable)
Rewards
- 10x on iHG hotels (assumed half of your hotel spending)
- 5x on grocery stores, gas stations and restaurants
- 5x on flights booked directly with airlines, and car rentals
- 3x on everything else
Credits, as counted
- IHG food and beverage vouchers ($25 a quarter): $100 a year30% used
- Airline credit after $250 in flights: $100 a year50% used
- United TravelBank cash: $50 a year20% used
- Instacart credit: $120 a year25% used
- Global Entry, TSA PreCheck or NEXUS fee credit: $120 every 4 years50% used
Eligibility and availability
- Income
- None published
Published requirements only. We don't estimate approval odds.
Assumptions
- Point value: IHG One Rewards points at 0.59 cents each: no redemption style chosen, so its lowest published value (it has no cash redemption). Source: The Points Guy monthly valuations, October 2026.
- Welcome bonus: 180,000 points after $3,000 in purchases in the first 3 months. Your spending meets it in month 1.
- Credits: Each credit counts at the share a typical cardholder uses (listed on the card's page).
- Note: 10,000 points for adding an authorized user aren't counted.
Not counted or not confirmed
- The anniversary free night is valued at the most points it can cover
Perks, listed but not valued
- IHG Platinum Elite status
- Fourth night free on reward stays
Head to head
Frequently asked questions
Is the Chase IHG One Rewards Premier worth it?
On a family's spending ($3,350 a month, points at their cash value), it's worth ~$2,010 in year 1 and ~$1,243 a year after that, after a $150 annual fee. It covers its fee by month 1.
What is the Chase IHG One Rewards Premier welcome offer?
180,000 points after $3,000 in purchases in the first 3 months.
Does the Chase IHG One Rewards Premier charge foreign transaction fees?
No. The issuer states no foreign transaction fee.
Sources
Rates, fees and offers are set by the issuer and may change. Check the issuer's terms before you apply. We don't estimate approval odds.
Compare it with 59 other cards on the US card comparison or read how cards are valued.