best way to book a hotel with points?
 

Hello, I hope I am in the right forum thread.
I just booked a flight to Iceland for November and I need to book a car and a hotel. I'd like to use points for that.
I have a lot of points on IHG so I thought I'd use those but the only 2 hotels they have in Iceland are a Mr&Mrs Smith ones that run at 45-50k points per night so for a week stay it comes out to 272000 points which seems way too many points to spend on a hotel (agree?) since with the Chase rewards points I can get a hotel for 5-8k/night = 30-50k points instead of 272k. After googling it seems the IHG points are worth 0.8 cents while the Chase ones 1-1.2 cents, so I figured since they are worth almost the same I should not spend 272k points on a hotel when I can spend 50k. Does this make sense? Am I making the right decision or am I missing something?

Also I wanted to ask if, to book a hotel, it makes more sense to choose the Chase Rewards redemption website, or weather I should book an AirBnB and then use the travel credits that Chase is offering for AirBnB or weather I should book any hotel with by Barclay Arrival+ card and then use the points I have there to pay for that as a statement credit.

I guess that's where I am at: wondering which card's points I should use and how to book a hotel in Iceland.
And the same goes for a rental car.

Thank you all in advance for your thoughts and expertise

These figures are estimates, based on assumptions that may not apply to your circumstances. Don't fixate on the quantity of points, calculate the value you would receive. To decide, I think you need to know two things:

1. What would it cost to book with money, including all taxes? Not necessarily the IHG properties, but the place you would use if paying with money.
2. What is your alternative use for the IHG and Chase points?

Also, 1.2 cents is not "almost the same" as 0.8 cents, it's 50% more.