Update 4/5/23: Deal is back and valid until April 11th.
The Offer
IHG is offering a bonus of 100% when you buy points. If you buy more than 26,000 points then the price works out to be 0.5¢ per point.
The Fine Print
Valid until June 20th, 2020
Our Verdict
Previous the cheapest time to buy points was when they held points & cash stay bookings, you could make a booking & cancel and you’d get points back for the cash portion of the stay. The price was 0.46¢ per point, under that promotion the best rate is now 0.575¢ per point. This means that these 100% bonuses are now the best time to buy IHG points. You should be able to go through a portal for an additional 2% cash back. If you have the Chase IHG card you also get a further 20% discount when buying points, but unfortunately this does not stack with the sale.
Hat tip to OMaaT
Post history:
Update 11/17/22: Deal is back and valid until 12/29/22.
Update 7/9/20: Extended until 7/31. Hat tip to Frequent Flyer Bonuses
Update 6/17/20: Extended until 6/20.