IHG, which owns brands such as Candlewood Suites, InterContinental, Crowne Plaza, Staybridge Suites, and Holiday Inn, offers an interesting mix of rewards with its IHG Rewards Club Select credit card. Purchases made using this card attract an interest of 15.99%.

Purchases of $1000 over a period of three months will get you 60,000 points. There are no annual fees with this card for the first year; after this, you pay an annual fee of $49. IHG has more than 4,900 properties all over the world and every year, you get one night’s stay free at an HG hotel of your choice. This is to commemorate your anniversary with the hotel.

Every dollar spent via the credit card at the hotel earns you five points. These five points are over and above the ten points you get for being an IHG Club member. This means that this card gives you 15 points for every dollar spent at IHG properties. Purchases at gas stations, restaurants, and grocery stores get you two points to a dollar. This feature makes the card attractive for all, including those who are not regular patrons of IHG hotels. Two points on important purchases adds a lot of value to this card. All other purchases will add one point to your kitty.

A standout feature of the IHG Rewards Club Select credit card is the 10% rebate during points redemption. This means that if you redeem 50,000 IHG rewards points, you get back 5,000 points. It is a nice way to make your points do more for you. In one year, you can get up to 100,000 points back in this manner. With this feature in place, you are likely to always have some points with you for an impulse purchase or to buy a gift for a loved one. You may want to check out the brand’s online Rewards Club Catalog where at the time of writing buyers using points to purchase were eligible for an impressive 15% discount on merchandize that includes garments, electronic items, kitchenware, and more.

The points are easy to redeem. They never expire, and can also be redeemed for miles, which means air travel becomes that much cheaper. 5,000 points will let you book a Reward Night at any hotel of your choice, and if the points are insufficient, you can combine these with cash payments.

Unlike with other hotel rewards cards, where you have to work your way up the elite status ladder, if you hold an IHG rewards card you automatically get to enjoy platinum elite status. Benefits that accompany this status include complimentary room upgrades, elite rollover nights, and guaranteed room availability. Apart from these, the standout benefit here is that you get a 50% bonus on money spent at IHG properties.

The IHG Rewards Club Select credit card offers a lot more than other cards with a similar annual fee. The card is a widely acceptable one and when used abroad, you don’t have to worry about foreign transaction fees. That is a saving of 3% on expenses abroad.