IHG One Rewards points are typically worth about 0.6 cents. Use points when an award saves 0.6 cents a point or more; below 0.45 cents, pay cash. Fully dynamic. Points + Cash buys the shortfall in points.
The rules that change the answer
| Pricing | Dynamic pricingFully dynamic. Points + Cash buys the shortfall in points. |
|---|---|
| Points a night | 10,000–100,000Most hotels; some over 200k. |
| Typical value | 0.6¢Pay cash below 0.45¢, use points from 0.6¢. Our thresholds. |
| Free night on long stays | 4th night free (US IHG Chase cardholders)Premier, Business and Premier Select cards; the no-fee card needs $5,000 of spend from 2027. Europeans in practice can't use it. |
| Resort fee on awards | ChargedCharged; no way to waive. |
| In Europe | About 125,000 European rooms (2022). No sourced European award prices. |
- Watch for 15% off award stays of 1–3 nights for cardholders and top elites.
- Cancelled Points + Cash refunds the points but not the cash.
Free night certificates
Value a certificate at the cash rate it saves, minus any points you add.
| IHG anniversary night | Up to 40,000 pointsRises to 50,000 under the 2027 card refresh; can be topped up with points. |
|---|
Transfer from card points
Ratios for cards issued in that country. "Worth per bank point" uses the typical value; bank points usually fetch 1.5–2 cents with airlines.
| From | Ratio | 10,000 points become | Worth per bank point |
|---|---|---|---|
| Chase Ultimate Rewards | 1:1 | 10,000 | 0.6¢ |
| Bilt | 1:1 | 10,000 | 0.6¢ |
From our transfer tables. Transfers can't be undone: price the award first.
Questions
What are IHG One Rewards points worth?
About 0.6 US cents each (TPG, November 2026 for the big programs). That is a typical value, not a guarantee: work out the value of your own stay.
When should I use IHG One Rewards points instead of cash?
IHG One Rewards points are typically worth about 0.6 cents. Use points when an award saves 0.6 cents a point or more; below 0.45 cents, pay cash. Subtract city tax and fees still due on the award, and the points a paid stay would earn, before you compare.
How does IHG One Rewards price award nights?
Fully dynamic. Points + Cash buys the shortfall in points.
Does IHG One Rewards give a free night on longer stays?
Yes: 4th night free (US IHG Chase cardholders). Premier, Business and Premier Select cards; the no-fee card needs $5,000 of spend from 2027. Europeans in practice can't use it.
Which credit card points transfer to IHG One Rewards?
Chase Ultimate Rewards 1:1, Bilt 1:1. Transfers cannot be undone: price the award first.
Checked 4 November 2026. Sources: frequentmiler.com, onemileatatime.com. Work out your stay · All hotel programs.
Points or cash for your stay?
Send Mila the hotel, the dates and both prices. She applies the free-night rules and the fees, and tells you which way to pay.
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