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If you’ve been holding off on applying for the IHG® Rewards Premier Credit Cardnow might be the perfect time to get it, as it currently has the best points offer we’ve ever seen on it.

Right now, new IHG Premiere card holders can earn 175,000 bonus points after spending $3,000 on the card in the first three months after opening the account. Those bonus points are worth as much as $875 toward IHG hotels worldwide, according to the valuations of frequent-flyer site The Points Guy — and all for just a $99 annual fee.

Plus, with the perks of the IHG Premiere card, having it in your wallet year-after-year can easily be worth the annual fee — even if you only stay at an IHG property once a year. So why is this card so beneficial?

Although the IHG Premiere might not be the credit card you use for your everyday purchases, it’s a card that will save you a boatload of money — and points — throughout the year thanks to all its perks and benefits, both in your first year as a card holder and beyond. Let’s take a look at them one by one.

Starting with your second year as an IHG Premiere card holder you’ll receive a free night award annually on each card holder anniversary. This free night certificate can be redeemed for a one-night stay at any IHG property that costs up to 40,000 points.

However, with a new suite of benefits that were added last year, you can now “top off” your IHG free night certificate by using points from your account, so it can be used at any IHG in the world, including Holiday Inns, Kimpton Hotels, Intercontinental Hotels and many others.

Depending on the time of year, some notable properties where these certificates can be redeemed without having to use any additional points include the InterContinental Hotel Lisbonthe InterContinental Fiji Golf Resort & Spa and the Hotel Indigo San Diego Del Marjust to name a few. But now that you can make up the difference with points from your account, the options are endless, which makes redeeming the free night certificate extremely simple.

The free night certificate expires a year after it’s deposited into your account — which means within a few weeks from your card anniversary date (or after meeting your minimum spend requirement in the case of the current welcome offer). This means you must travel by this date, not simply book by this date.

The IHG Premiere card gets you a fourth night free on all IHG point reservations. That means when booking your stay, the least expensive night on a four-night (or more) stay will automatically be zeroed out. This is a huge discount, and even with just one-four night stay a year, you can save thousands of IHG points.

For example, let’s say you find a property that typically costs 40,000 points per night during your ideal travel dates. Instead of spending 160,000 points for the stay, you’ll only have to redeem 120,000 points for that same exact reservation — a 25% savings.

IHG Premiere credit card holders automatically receive complimentary IHG Platinum elite status. Although IHG Platinum status isn’t the best hotel status around, having some sort of elite status when you walk in the front door of a hotel is better than no status at all.

One of the main benefits of holding IHG Platinum status is that your points will never expire. Typically, IHG points expire if there’s no account activity within a 12-month time frame. IHG is very strict with this policy, so not having to worry about your points expiring is a great benefit.

Additionally, IHG Premiere card holders have the opportunity to earn IHG’s top-tier Diamond elite status. By spending $40,000 on purchases in a calendar year on the card and making one additional purchase after that, you’ll be able to reap IHG Diamond benefits, including a 100% bonus on points earned on IHG stays, complimentary upgrades (subject to availability) and a welcome amenity (which includes complimentary breakfast at select properties).

Earn bonus points at IHG properties and elsewhere

You’ll earn a whopping 10 points for every dollar you spend on the IHG Premiere at IHG hotels, along with 5 points per dollar on purchases at gas stations, travel and on dining, as well as 3 points per dollar on all other purchases.

While the number of points you’ll earn for your IHG stays with the IHG Premiere is better than any other credit card out there, you can probably get more rewards in the other bonus categories and on everyday purchases with a different card.

For example, the Chase Sapphire Reserve® earns 3 points on travel (or 5 total points on flights and 10 total points on hotels and car rentals if booked through Ultimate Rewards) and 3 points for every dollar you spend on dining. But based on the point valuations of The Points GuyChase points are worth at least four times as much as IHG points, and possibly even more depending on how you use them.

Even with CNN Underscored’s benchmark credit card, the Citi® Double Cash Cardyou’ll earn 2% cash back — 1% when you make a purchase, and another 1% when you pay it off — on everything you buy. Since IHG points are only worth 0.5 cents apiece according to The Points Guyyou’re getting a 12.5% return on spending at IHG hotels with the IHG Premiere card, but only a 1.5% return on your non-category bonus purchases once the changes go into effect.

When you apply for either the Global Entry or TSA PreCheck trusted traveler programs, just pay with your IHG Premiere card and your application fee up to $100 will be reimbursed in full. The TSA PreCheck program gets you through TSA security faster at US airports, while Global Entry expedites going through immigration when you return to the US from being overseas.

Even if you already have one of these memberships, you can always use your IHG Premiere to pay for a friend or family member’s application fee and you’ll still receive the reimbursement — the name on the Global Entry or TSA PreCheck application doesn’t need to match the name on the credit card. And you can receive this fee reimbursement once every four years.

Another benefit of the IHG Premiere is up to $50 in United TravelBank cash each calendar year. This TravelBank cash can be used toward air travel purchases on United and United Express flights. You can get up to $25 in credits every six months, with the first set starting around Jan. 1 each year and a second set around July 1 each year.

Deposits made in the first half of the year will expire on July 15, and the ones made in the second half will expire on Jan. 15 of the next year, so you won’t be able to just bank these credits for the long term. But as long as you typically fly United at least twice a year, this is an easy way to offset your annual fee.

10,000 bonus points and $100 statement credit

Additionally, with the IHG Premiere you’ll have the opportunity to earn 10,000 bonus points and a $100 statement credit after spending $20,000 on purchases and making one additional purchase on the card each calendar year.

However, we don’t necessarily recommend putting that much spending on this card since you can earn more rewards with other credit cards, including other travel credit cards. But if you’re strongly committed to IHG, then it’s a nice extra bonus for using the card regularly.

Get four nights for the cost of three when you have the IHG Premier card and redeem points at properties like the Holiday Inn Resort Aruba-Beach.

If you don’t spend a lot of time at IHG hotels, it’s likely that the IHG Premiere isn’t right for you, since you won’t be able to take advantage of its best benefits and perks. If that’s the case, check our our guide to the best travel credit cards to find a card that’s more suitable for your needs.

But between its benefits and sign-up bonus, the IHG Premiere card is worth a look for even occasional IHG travelers. In the first year alone, you’ll end up with 175,000 bonus points when you spend $3,000 on purchases in the first three months after opening the account, plus a Global Entry or TSA PreCheck reimbursement worth up to another $100 and up to $100 in United TravelBank cash.

So, if you’re planning to do some traveling in 2023 and expect to have at least two or more stays at an IHG hotel in the near future, the sweet haul of bonus points from the IHG Premiere credit card can get you well on your way.

Learn more and apply now for the IHG Rewards Premier Credit Card.

Looking for a new credit card? Check out CNN Underscored’s list of the best credit cards available right now.

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