Chase
IHG One Rewards
IHG One Rewards costs No annual fee and earns up to 5× on travel booked direct. It also carries $360 of statement credits a year, which is where a lot of its real value sits. Everything below comes from the card catalog we check against issuer terms, with the arithmetic spelled out.
Enter a typical month of spending to see what the IHG One Rewards returns after its fee next to three cards it is usually compared with, then take those numbers to the full credit card rewards calculator to weigh up everything else in your wallet. No signup, and it runs in your browser.
- Annual fee
- No annual fee
- Best earn rate
- 5× travel booked direct
- Points value
- 0.7¢ a point
- Used when you transfer to a travel partner. Cash back is worth 1¢.
- Welcome bonus
- 125,000 points
- About $875 if you redeem at 0.7¢ a point, and only if you clear the spending requirement.
- Credits a year
- $360
- What the calculator counts, after discounts for perks most people do not use in full.
- Foreign transaction fee
- none
What the IHG One Rewards earns
Hotels and rental cars through the issuer's travel site
5×
Only through the issuer's portal
Flights and hotels booked direct
5×
Dining
3×
U.S. supermarkets
3×
Gas and EV charging
3×
| Category | Rate | Conditions |
|---|---|---|
| Hotels and rental cars through the issuer's travel site | 5× | Only through the issuer's portal |
| Flights and hotels booked direct | 5× | |
| Dining | 3× | |
| U.S. supermarkets | 3× | |
| Gas and EV charging | 3× |
Rates checked with the issuer in October 2026. Spending outside these categories earns 2×. Confirm current terms with the issuer before you apply.
Is the IHG One Rewards right for you?
Enter a typical month. You will see what the IHG One Rewards returns after its annual fee, next to three cards it is usually compared with, and the full credit card rewards calculator weighs up everything else you spend.
Estimated rewards per year, after the annual fee
IHG One Rewards Premier Top for your numbers
10× travel booked direct, 5× dining; 1× everything else. $150 annual fee.
Rewards $769 · Fee −$150
+$619
5× travel booked direct, 3× dining; 1× everything else. No annual fee.
Rewards $466 · No annual fee
+$466
IHG One Rewards Premier Select
12× travel booked direct, 6× dining; 1× everything else. $350 annual fee.
Rewards $766 · Fee −$350
+$416
+$376
How we estimate
- Every rate on this page comes from the card catalog. IHG One Rewards pays 2× on spending outside the bonus categories listed above, and up to 5× on travel booked direct.
- We value this card's points at 0.7¢ each. Cash back is valued at 1¢.
- Net is a year of rewards minus the annual fee. Credits count only when you tick the box.
- Welcome bonuses are left out of the tool so the numbers read as an ordinary year.
- Rent is not in the boxes: most landlords charge a fee that cancels out the rewards, and only a few cards earn on rent at all. Add rent in the full calculator, where those rules are modelled.
- Travel-portal bookings are not in the boxes, because portal prices differ from booking direct. The portal rates are in the table above.
- Rates checked with issuers in October 2026. Terms change, so confirm with the issuer before you apply. Educational estimate, not financial advice.
One category doesn’t pick a wallet. Add the rest of your monthly spending to see which cards win across everything, fees included.
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Welcome bonus
125,000 points
About $875 if you redeem at 0.7¢ a point, and only if you clear the spending requirement.
Points and partners
IHG One Rewards
Transferable to airline and hotel partners.
Hotels
IHG Hotels & Resorts (21 brands, 7,000+ properties)
Credits and perks
| Credit | Sticker value | Counted |
|---|---|---|
| DoorDash DashPass membership One complimentary year of DashPass, then automatic enrollment at the standard monthly rate. Must be activated by 2027-12-31. | $120 | $120 |
| Instacart credit $10 a month on purchases made directly through Instacart, which also requires an Instacart+ membership that auto-renews at $99 a year. Ends 2027-12-31. | $120 | $120 |
| DoorDash discount $10 a month off non-restaurant DoorDash orders through 2027-12-31, for members who enrolled in this Chase DashPass membership on or after 2026-09-01. | $120 | $120 |
Sticker value is the full face amount. Counted is what the calculator credits, which is lower where most people do not use the perk in full.
Where this data came from
Checked creditcards.chase.com 2026-10-05. No annual fee. 125,000 points after $2,000 in 3 months, plus 10,000 for adding an authorized user. 5x on stays at IHG hotels, 3x on dining, gas stations and grocery stores, 2x other. Chase advertises this only as "up to 17X total points at IHG"; the 5x card rate comes from the product page. Automatic Silver Elite status and 5 Elite Night Credits a year. Gold Elite after $15,000 in a calendar year and a 10,000-point bonus at the same spend. The DashPass, DoorDash and Instacart credits end 2027-12-31. Global Entry, TSA PreCheck and NEXUS fee credits are available every four years and are not counted here.
FAQ
The IHG One Rewards has no annual fee, so the only thing that matters is what it earns. Its best rate is 5× on travel booked direct.
5× on travel booked direct, and 2× on spending outside its bonus categories.
It depends on your mix, not the card. Earning back $0 means about $0 a month on travel booked direct, where it earns 2.0999999999999996¢ more per dollar than the base rate. Credits and the welcome bonus can cover the rest. It also carries $360 of credits we can count, but only count them if you would spend that money anyway. Run your own numbers in the calculator above to see where it lands against the rest of the catalog.
The listed welcome offer is 125,000 points, and offers at these cards change often, so confirm the current terms and the spending requirement with the issuer before you apply. At 0.7¢ a point that is about $875, before you count the annual fee and whether you would clear the spending requirement for it.
Yes. It earns IHG One Rewards, which you can transfer to the partners below. Hotels: IHG Hotels & Resorts (21 brands, 7,000+ properties). Transfers are what make a 0.7¢ valuation reachable; using the points for cash back is worth far less.
No. The IHG One Rewards charges no foreign transaction fee, so spending abroad earns at the same rate as at home, minus what the merchant adds.