Chase
IHG One Rewards Business
IHG One Rewards Business costs $200 annual fee and earns up to 10× on travel booked direct. It also carries $200 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 Business 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
- $200 annual fee
- Best earn rate
- 10× travel booked direct
- Points value
- 0.7¢ a point
- Used when you transfer to a travel partner. Cash back is worth 1¢.
- Welcome bonus
- 190,000 points
- About $1,330 if you redeem at 0.7¢ a point, and only if you clear the spending requirement.
- Credits a year
- $200
- What the calculator counts, after discounts for perks most people do not use in full.
- Foreign transaction fee
- none
What the IHG One Rewards Business earns
Hotels and rental cars through the issuer's travel site
10×
Only through the issuer's portal
Flights and hotels booked direct
10×
Dining
5×
Gas and EV charging
5×
Advertising
5×
Office supplies
5×
| Category | Rate | Conditions |
|---|---|---|
| Hotels and rental cars through the issuer's travel site | 10× | Only through the issuer's portal |
| Flights and hotels booked direct | 10× | |
| Dining | 5× | |
| Gas and EV charging | 5× | |
| Advertising | 5× | |
| Office supplies | 5× |
Rates checked with the issuer in October 2026. Spending outside these categories earns 3×. Confirm current terms with the issuer before you apply.
Is the IHG One Rewards Business right for you?
Enter a typical month. You will see what the IHG One Rewards Business 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 Business Top for your numbers
10× travel booked direct, 5× dining; 1× everything else. $200 annual fee.
Rewards $702 · Fee −$200
+$502
12× travel booked direct; 1× everything else. $195 annual fee.
Rewards $690 · Fee −$195
+$495
4× travel booked direct, 2× dining; 1× everything else. $199 annual fee.
Rewards $645 · Fee −$199
+$446
+$307
How we estimate
- Every rate on this page comes from the card catalog. IHG One Rewards Business pays 3× on spending outside the bonus categories listed above, and up to 10× 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
190,000 points
About $1,330 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 |
|---|---|---|
| Food and Beverage Rewards at IHG properties Up to 100 dollars a year redeemable at IHG properties. New benefit as of the 2026-10-01 portfolio refresh. This is a ceiling Chase advertises, not a guaranteed payout. | $100 | $100 |
| Expensify statement credit Up to 100 dollars a year toward Expensify purchases. New benefit as of the 2026-10-01 portfolio refresh. | $100 | $100 |
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 the IHG One Rewards Business Card rewards program agreement 2026-10-05. $200 annual fee. 190,000 points after $5,000 in 3 months. 10x on stays at hotels participating in IHG One Rewards, 5x on travel outside those hotels, gas, dining, social media and search engine advertising and office supply stores, 3x other. The agreement's travel and office supply 5x categories end 2026-12-31, after which only flights booked directly with the airline and car rentals keep earning 5x and everything else drops to 3x, so this row needs reviewing in January. Automatic Platinum Elite status and 15 Elite Night Credits. Named in the agreement as IHG One Rewards Business Card, not Premier Business.
FAQ
The IHG One Rewards Business charges $200 a year. Earning back $200 means about $340 a month on travel booked direct, where it earns 4.8999999999999995¢ more per dollar than the base rate. Credits and the welcome bonus can cover the rest.
10× on travel booked direct, and 3× on spending outside its bonus categories.
It depends on your mix, not the card. Earning back $200 means about $340 a month on travel booked direct, where it earns 4.8999999999999995¢ more per dollar than the base rate. Credits and the welcome bonus can cover the rest. It also carries $200 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 190,000 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 $1,330, 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 Business charges no foreign transaction fee, so spending abroad earns at the same rate as at home, minus what the merchant adds.