Personal Finance

IHG Premier Lowers Sign-Up Bonus, Points Earning Rate

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This limited-time offer has expired, and there’s a new sign-up bonus: Earn 80,000 bonus points after spending $2,000 on purchases within the first three months of account opening.

However, the card still earns a whopping 25 points per dollar spent at IHG hotels. This includes 15 points per dollar from the card, 10 points per dollar from the regular points earning rate and 5 points per dollar from Platinum Elite bonus that comes with the card. Even though we currently only value IHG points at 0.6 cent each, this is still an unbeatable earning rate for a branded hotel card.

The card also earns 2 points per dollar spent at gas stations, grocery stores, and restaurants, and 1 point per dollar spent everywhere else. Those are pretty underwhelming numbers compared to other travel cards, making this card valuable for IHG purchases but suboptimal for other purchases.

What does this mean?

This is one of the most highly specialized travel cards out there. Those 25 points per dollar spent make it a must for booking IHG stays, but the 1 to 2 points earned per dollar spent on everything else is lackluster at best.

For that reason, you probably shouldn’t make this your primary travel credit card. But if you often stay at Holiday Inns and other IHG properties, it’s a no-brainer for those bookings — and probably worth getting even with the lower sign-up bonus.

How to Maximize Your Rewards

You want a travel credit card that prioritizes what’s important to you. Here are our picks for the best travel credit cards of 2019, including those best for:

This article originally appeared on NerdWallet