When you pick a credit card for an airline or hotel rewards program, whether you think the annual fee is worth it is always a factor. Can you get as much out of another rewards card that has less of a fee, or no fee at all?
The IHG® Rewards Club Premier Credit Card has an annual fee of $89. Here’s what to consider when deciding whether the perks of the card outweigh that fee.
The sign-up bonus
The IHG® Rewards Club Premier Credit Card‘s $89 annual fee is charged on the first monthly statement. And for the first year, deciding if the fee is worth it largely depends on the value of the sign-up bonus, which is: Earn 140,000 bonus points after spending $3,000 on purchases within the first three months of account opening.
Free room rewards nights at IHG hotels can range between 10,000 and 70,000 points. So depending on how you want to use your sign-up bonus points, cardholders can potentially get eight nights free during the first year.
» Learn more: IHG hotel card review: Free nights on a silver platter
Elite status perks
This hotel rewards card gives cardholders automatic Platinum Elite status in the IHG Rewards program. That means elite status perks, such as a drink voucher at Kimpton properties through the Raid the Bar program and access to free room upgrades based on availability.
Annual free nights
Big sign-up bonuses are great the first year, but the annual bonuses are what helps you determine whether a card is worth it. In the case of the IHG® Rewards Club Premier Credit Card, you get a free awards night at a hotel that costs up to 40,000 points per night on each anniversary.
A 40,000-point room can easily be worth over $300. As long as you use the free night, that’s a reason in itself to keep the card and pay the annual fee.
» Learn more: Find the best hotel credit card for you
Additional bonus opportunities
There are additional bonus opportunities with this card, ranging from a free reward night when you redeem points for any stay of four or more nights to an annual 10,000-point bonus if you spend $20,000 per year on your credit card.
How to maximize your rewardsYou want a travel credit card that prioritizes what’s important to you. Here are our picks for the best travel credit cards of 2020, including those best for:
- Airline miles and a large bonus: The Chase Sapphire Preferred® Card
- No annual fee: The Wells Fargo Propel American Express® card
- Flat-rate rewards with no annual fee: The Bank of America® Travel Rewards credit card
- Premium travel rewards: The Chase Sapphire Reserve®
- Luxury perks: The Platinum Card® from American Express
- Business travelers: The Ink Business Preferred® Credit Card