How to Apply for IHG Rewards Premier: Step-by-Step Guide
The IHG Rewards Premier from Chase is one of the most competitive credit cards in the hotel credit cards category. With a rating of 7/10, it offers a $99 annual fee and impressive rewards including 5x ihg, 2x dining/gas/grocery, 1x else.
In this comprehensive review, we break down everything you need to know about the IHG Rewards Premier: rewards structure, fees, APR, welcome bonus, and how it compares to competitors. Whether you are looking for your first rewards card or adding to your wallet, this guide covers it all.
IHG Rewards Premier Overview
The IHG Rewards Premier is issued by Chase and is designed for consumers with Good-Excellent (700+). It carries a rating of 7/10 from our experts. For those with good to excellent credit, this card can be a valuable addition to your wallet.
| Feature | Details |
|---|---|
| Issuer | Chase |
| Annual Fee | $99 |
| Intro APR | N/A |
| Regular APR | 20.24% - 27.24% Variable |
| Rewards | 5x IHG, 2x dining/gas/grocery, 1x else |
| Welcome Bonus | 140,000 points after $3,000 in first 3 months |
| Credit Score | Good-Excellent (700+) |
| Foreign Tx Fee | 0% |
Rewards & Benefits Breakdown
The IHG Rewards Premier earns 5x ihg, 2x dining/gas/grocery, 1x else. Here is the detailed breakdown of earning rates:
| Category | Reward Rate |
|---|---|
| All Purchases | 5x IHG, 2x dining/gas/grocery, 1x else |
| Welcome Bonus | 140,000 points after $3,000 in first 3 months |
| Intro APR | N/A |
| Credit Score | Good-Excellent (700+) |
To offset the $99 annual fee, make sure you earn at least $4950 in rewards annually through everyday purchases.
Fees & APR Analysis
| Fee Type | Amount |
|---|---|
| Annual Fee | $99 |
| Purchase APR | 20.24% - 27.24% Variable |
| Balance Transfer APR | 20.24% - 27.24% Variable |
| Foreign Transaction Fee | 0% |
IHG Rewards Premier vs Competitors
See how IHG Rewards Premier stacks up against similar cards.
| Card | Fee | Rewards | Bonus | Rating |
|---|---|---|---|---|
| Marriott Bonvoy Brilliant | $650 | 6x Marriott, 3x dining/flights, 2x else | 185,000 points after $6,000 in first ... | 7/10 |
| World of Hyatt | $95 | 4x Hyatt, 2x dining/flight/transit, 1x else | 30,000 points after $3,000 in first 3... | 8/10 |
| Hilton Honors Surpass | $150 | 12x Hilton, 6x dining/groceries/gas, 4x else | 170,000 points after $3,000 in first ... | 7/10 |
Pros & Cons
✅ Pros
- Competitive rewards rate: 5x IHG, 2x dining/gas/grocery, 1x else
- Welcome bonus: 140,000 points after $3,000 in first 3 months
- No foreign transaction fees
- Issued by reputable Chase
❌ Cons
- Annual fee of $99
The IHG Rewards Premier is best for consumers who spend heavily in bonus categories and can justify the annual fee. If you have Good-Excellent (700+) credit and spend $1036/month on average, this card could earn you significant value.
How to Apply for IHG Rewards Premier
Applying for the IHG Rewards Premier is straightforward. Here is the step-by-step process:
- 1
Check Your Credit Score
Before applying, check your credit score. You need Good-Excellent (700+) for the best approval odds.
- 2
Compare Your Options
Compare the IHG Rewards Premier with similar cards from other issuers to ensure it is the right fit.
- 3
Gather Required Information
You will need your Social Security number, income information, and address to apply.
- 4
Complete the Online Application
Visit Chase.com or the Chase mobile app. The application takes about 5-10 minutes.
- 5
Await Approval Decision
Most applicants receive an instant decision. If approved, your card will arrive in 7-10 business days.
Frequently Asked Questions
You need Good-Excellent (700+) credit to be approved for the IHG Rewards Premier. Approval is not guaranteed and depends on your overall credit profile.
The $99 annual fee can be easily offset if you earn the welcome bonus and use the card for everyday spending.
The purchase APR is 20.24% - 27.24% Variable.
No, the IHG Rewards Premier does not charge foreign transaction fees, making it great for international travel.
Rewards can be redeemed through your Chase online account. Options typically include statement credits, gift cards, travel bookings, and direct deposits.
Conclusion
The IHG Rewards Premier is a solid choice in the hotel credit cards category. With a $99 annual fee and competitive rewards, it offers good value for the right consumer.
We recommend this card for anyone with Good-Excellent (700+) credit looking for cash back on their everyday spending. Compare it with other cards in our list to find the best fit for your wallet.
The IHG Rewards Premier earns 5x ihg, 2x dining/gas/grocery, 1x else. With a rating of 7/10, it is one of the better options in the hotel credit cards space. Recommended for consumers with Good-Excellent (700+) credit.