IHG and Creation, the UK issuer of cobranded cards, announced last month that the card would cease to exist on June 27, 2023 (read more here).
Now, IHG has sent out an email to affected IHG One Rewards members and offers them status soft landing and bonus points.
You can access IHG here.
READ MORE: IHG One Rewards Rate & Bonus Points Offers
Status:
Member will keep their current status through the end of 2023. Standard cardholders will receive Silver and Premier cardholders Platinum for 2024 unless they reach a higher tier in 2023.
Bonus Points:
Standard cardholders receive 2 additional points per USD, and premium cardholders 4 extra points per USD for stays from June 28, 2023 (promo registration required).
Conclusion
This is an olive branch from IHG to cobranded cardholders in the UK that are about to lose access to the product (new account issuance was stopped a while back).
The email talks about 2X and 4X points which is misleading because you won’t get double or quadruple points but rather a 20% or 40% base points bonus, depending on the card type you have.
Frequently asked questions by IHG:
Frequently Asked Questions – UK IHG One Rewards Premium Credit Card – Closure
STATUS: UK IHG One Rewards Credit Card – Status Extension
How will the UK IHG One Rewards Credit Card status benefit work?
o IHG One Rewards Credit Cardholders:
• In 2023 will keep their current IHG One Rewards status
• In 2024, will receive Silver Elite status for all of 2024o IHG One Rewards Premium Credit Cardholders:
• In 2023 will keep their current IHG One Rewards status
• In 2024, will receive Platinum Elite status for all of 2024What if I achieved a higher status for 2024 than the status awarded with the card (e.g. I’m a Premium Credit Cardholder and achieved Diamond Elite for 2024)
o In 2024, Cardholders will receive either the status awarded with the card or the status they achieved in 2023 for 2024, whichever is higher. For example:
• If an IHG One Rewards Credit Cardholder achieved Gold Elite status in 2023 for 2024, they would remain in Gold Elite vs Silver Elite.
• If an IHG One Rewards Premium Credit Cardmember achieved Diamond Elite status in 2023 for 2024, they would remain in Diamond Elite vs Platinum Elite.POINTS PROMOTION: UK IHG One Rewards Credit Card – 2X & 4X Bonus Points Promotion (UK Credit Cardholders) This will open on June 28th, more details will follow
What is the UK IHG One Rewards Credit Card – 2X & 4X Bonus Points Promotion?
o Once a UK IHG One Rewards Credit Cardholder or UK IHG One Rewards Premium Credit Cardholder has registered for the Offer, the member will earn two or four points per $1(USD) spent on Qualifying Spend for all stays, that are completed during the period from 28 June 2023 through 31 December 2023 (“Offer Period”) when paying a Qualified Rate. These points are in addition to the base points and other points the member will receive from their qualifying stay.
o The amount of points a cardholder is eligible to earn is based on credit card-type. IHG One Rewards Credit Cardholders in the UK can earn 2 points per $1 spent and IHG One Rewards Premium Cardholders in the UK can earn 4 points per $1 spent.
o To participate, a cardholder must have been a UK IHG One Rewards Cardholder or Premium Cardholder through April 17th, 2023, register for the promotion, and have a qualified stay on or before December 31, 2023 to earn bonus points during the Promotion Period
o An email to register for this offer will be sent to IHG One Rewards Credit Cardholders and Premium Credit Cardholders in the UK closer to the Offer Period.
REWARD NIGHT: UK IHG One Rewards Premium Credit Cardholders
For queries regarding your reward night benefit associated with the IHG One Rewards Premium Credit Card please call 0800 40 40 40