Direct Link to Current Offer
As reported by Doctor of Credit, the current version of the Chase IHG card is being discontinued and is expected to be replaced by two new flavors of IHG card. I won’t post much about the new cards until they are officially confirmed, but there is quite a bit of information about them already at Frequent Miler which I’ll link to here.
Regarding the current version of the IHG card, I find the annual free night to be well worth the $49 annual fee, so I recommend applying for the card while you still can if you do not have it already.
It is unknown at this point whether current cardholders will be converted to one of the new cards or if it will be possible to hold both the current card and the new version (and perhaps to even receive two annual free night certificates). We’ll just have to wait and see.
Just posting for completeness’ sake, but this has already been widely reported on other blogs. This card is not subject to Chase’s 5/24 rule.
The bonus is 50,000 Avios after $3,000 in spend within 3 months, with an additional 25,000 Avios after $10,000 total spend within the first year. The $95 annual fee is not waived. There is also a $1,000 discount voucher you receive after $30,000 spend in a calendar year, but I don’t think it is that great of a benefit, so I won’t get into any detail for now.
Iberia Avios can be converted back-and-forth to British Airways Avios, which I find useful in various situations. I recently used Avios to book intra-Australia flights for 4,500 Avios per passenger plus taxes and fees.
Overall, this is a decent card, especially since it is not subject to 5/24; however, I’m not applying right now and am waiting to see if they increase the offer later on.
Bonus has been increased to 35,000 Starpoints after $7,000 spend in 3 months. This is about as good as this bonus ever gets. I’ve provided a referral link above (you get the same bonus for a referral link vs. a direct link). Offer ends March 28, 2018.