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 80,000 bonus points after spending $2,000 on purchases within the first three months of account opening plus an additional 40,000 bonus points after spending a total of $5,000 on purchases within 6 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.
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 2019, 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
Planning a trip? Check out these articles for more inspiration and advice:
IHG Rewards: More for the frugal traveler
NerdWallet’s top travel credit cards
4 tips to help you choose the right credit card