Originally Posted by
mikesyr18
I understand people may be upset, but everyone who signed up for this card knew this was coming sooner or later. IHG was (and still will be) paying good money to their cardholders in terms of a free night. There's no more $700/night rooms for $49 a year, but the card is still a good value, although I still prefer Hyatt over IHG.
Keep in mind, however, that the reimbursement rate for many award nights- even at ICs and Kimptons, is below $49... and then account for breakage and for people that redeem them at HIXs with reimbursement rates between $10-$15, and clearly the economics must have worked in IHG’s favor for many years.