Chase · Hotel points · Mastercard

IHG One Rewards Premier: what it's really worth

The IHG One Rewards Premier has a $150 annual fee. For a typical household spending $2,070 a month, it's worth about $1,172 in year one and $472 each year after.

Annual fee$150

Sign-up bonus$700140,000 points after $3,000 in 3 mo

Net value · year 1$1,172

Net value · each year after$472

Reports say the annual fee rose from $99 to $150 in October 2026; some 2026 offers were 175,000 points.

Calculate it with your own spending

Is the annual fee worth it?

Probably not worth the fee after year one for typical spending: the no-fee Hilton Honors Card would net about $34 a year more. It can still make sense if you spend more in its bonus categories or use more of its credits.

How you earn

Category	Rate	Value per $1	Per year*
Dining	5x	2.5¢	$90
Groceries	3x	1.5¢	$90
Hotels	10x	5.0¢	$48
Flights	5x	2.5¢	$30
Gas	5x	2.5¢	$45
Streaming	3x	1.5¢	$7
Everything else	3x	1.5¢	$162

*At typical monthly spending: dining $300, groceries $500, hotels $80, flights $100, gas $150, streaming $40, everything else $900. 10x at IHG hotels; 5x on other travel, gas stations and restaurants.

Credits and perks

$200 annual free night — A free night (up to 40,000 points) every anniversary. We count about $150 a year, since most people don't use every dollar.
Free hotel night each year
Automatic hotel elite status
Global Entry / TSA PreCheck credit
Foreign transaction fee: none

Who it's for

IHG regulars — 4th award night free and Platinum status
A yearly free night that offsets the fee
Not ideal: People who rarely stay at IHG brands

Can I get it?

Recommended credit: Good
Chase rules: 5/24: usually denied if you've opened 5+ personal cards (any bank) in the last 24 months. The bonus may be unavailable if you've had this card before.
Mastercard: Accepted almost everywhere — but not at Costco warehouses (Visa only).

Check the current offer at Chase

Updated Oct 30, 2026.