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IHG Rewards Club, the loyalty program of Holiday Inn, Crowne Plaza, InterContinental, and more is selling points with targeted 25% to 100% bonuses.

Check your email for the subject line “Reveal your mystery bonus” or click this link.

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After typing in my account information, I was offered a 100% bonus on points purchases through April 21, 2014.

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At what levels of this promotion would I consider it a good deal to buy IHG points?

The normal prices of IHG points range from 1.15 to 1.35 cents each depending on how many you buy.

Screen Shot 2014-03-31 at 11.12.05 PMWith my 100% bonus, I can get points for 0.575 cents each when I buy 52,000 or more (26k + 26k bonus).

After typing in my information and initiating a purchase for 26k points + 26k bonus points, I was given a price of $299.

Screen Shot 2014-03-31 at 11.12.23 PM Screen Shot 2014-03-31 at 11.12.38 PM Is 0.575 cents per IHG point a good deal?

That depends on how you use them. IHG’s standard chart offers free nights for between 10k and 50k points per night. Buying points for 0.575 cents each, that would mean $57.50 for a free night at the bottom tier and $287.50 for a top tier free night.

Honestly those prices don’t intrigue me much. I’m sure you can find bottom tier IHG hotels on Priceline for less than $57.50, and I can imagine very few situations where I’d fork out $287.50 for one night.

But the key to the IHG program is the PointBreaks list. The PointBreaks list changes every 2-3 months and features hotels that only cost 5k points per night. At 0.575 cents per point, that means hotel nights for $28.75 That is a price that intrigues me!

Find out more about PointBreaks and the current PointBreaks list here.

Should you buy for 0.575 cents each?

I would not buy IHG points speculatively at this price. If I had a redemption in mind, I would buy. Otherwise I would sit on the sidelines.

Should you buy if you got less than a 100% bonus as your mystery bonus?

If after your mystery bonus, IHG points are more than 0.7 cents, do not buy them under any circumstances. You can always buy IHG points for 0.7 cents as described in this article.

What was your mystery bonus? Will you be buying points?