IHG Credit Cards Revamped: New $350 Premier Select and Higher Fees
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Chase and IHG relaunched their full lineup of IHG credit cards on October 1, 2026. The headline is a new card, the IHG One Rewards Premier Select Credit Card, with a $350 annual fee, automatic Platinum Elite status, 20 Elite Night Credits every year and a launch offer of 200,000 bonus points after $5,000 in purchases in the first 3 months.
The rest of the family changes too. The IHG One Rewards Premier Credit Card now costs $150 a year instead of $99 and comes with Gold Elite status instead of Platinum. The IHG One Rewards Business Credit Card goes from $99 to $200. The no-annual-fee IHG One Rewards Credit Card, previously sold as the Traveler, keeps its $0 fee but loses the automatic fourth night free on award stays.
The New IHG Lineup at a Glance
All four cards earn IHG One Rewards points and carry no foreign transaction fees. Each one now has a limited-time launch bonus.
| Card | Annual fee | Launch bonus | Required spend (3 months) | Automatic status | Anniversary night cap | Elite Night Credits per year |
|---|---|---|---|---|---|---|
| Premier Select (new) | $350 | 200,000 points | $5,000 | Platinum Elite | 60,000 points | 20 |
| Premier | $150 (was $99) | 180,000 points | $3,000 | Gold Elite (was Platinum) | 50,000 points (was 40,000) | 15 |
| Business | $200 (was $99) | 190,000 points | $5,000 | Platinum Elite | 50,000 points (was 40,000) | 15 |
| IHG One Rewards (no fee) | $0 | 125,000 points | $2,000 | Silver Elite | None | 5 |
Premier Select: The New $350 Card
The Premier Select sits at the top of the range. Its value rests on hotel perks rather than everyday earning:
- Earning: 12 points per $1 at IHG hotels, 6 points per $1 on dining and all other travel, including rideshare, and 3 points per $1 on everything else.
- Food and beverage: a $75 voucher each calendar quarter, up to $300 a year, applied to the room bill at participating IHG hotels. Each voucher expires at the end of its quarter.
- Airline credit: a $200 statement credit once per calendar year after you spend at least $250 on flights booked directly with the airline, through December 31, 2027.
- Anniversary Free Night: valid at hotels up to 60,000 points, and you can add your own points to book a pricier property.
- Status: automatic Platinum Elite, plus Diamond Elite for any calendar year in which you spend $25,000 on the card.
- Spend rewards: 20,000 bonus points and 5 Elite Night Credits after $15,000 in purchases each calendar year, and an extra free night (up to 60,000 points) after $40,000.
The card also includes up to $50 a year in United TravelBank cash, the Global Entry, TSA PreCheck or NEXUS credit of up to $120 every 4 years, and the fourth reward night free on award stays of four nights or more.
Premier: Higher Fee, Lower Status
The Premier is the card most existing IHG fans hold, and it takes the biggest hit. The annual fee rises from $99 to $150, and automatic status drops from Platinum Elite to Gold Elite. You can still reach Platinum by spending $15,000 in a calendar year, and Diamond by spending $40,000.
In exchange, the Anniversary Free Night cap rises from 40,000 to 50,000 points. The card adds a $25 food and beverage voucher each quarter (up to $100 a year), a $100 airline credit after $250 in direct airline purchases each calendar year through December 31, 2027, and 15 Elite Night Credits at the start of each calendar year. Earning moves to 10 points per $1 at IHG hotels and 5 points per $1 on dining, groceries, gas stations, car rentals and flights booked directly with the airline. Everything else earns 3 points per $1.
Business and No-Fee Cards
The Business card keeps automatic Platinum Elite status, and its Anniversary Free Night cap also rises from 40,000 to 50,000 points. New perks include a $25 quarterly food and beverage voucher, a $100 annual airline credit and up to $100 a year in Expensify credits. It earns 10 points per $1 at IHG hotels and 5 points per $1 on dining, gas stations, car rentals, flights booked directly and social media and search engine advertising.
The no-fee card earns 5 points per $1 at IHG hotels, 3 points per $1 on dining, groceries and gas stations, and 2 points per $1 elsewhere. It now gets 5 Elite Night Credits each year. Starting in 2027, you need to spend $5,000 on it in a calendar year to unlock the fourth reward night free, and $15,000 to earn Gold Elite status.
Why Elite Night Credits Matter
The annual Elite Night Credits are the real novelty. They count toward IHG's Milestone Rewards, the night-based rewards that include confirmable suite upgrades and annual club lounge access. The three cards with an annual fee also add 2 Elite Night Credits for every $5,000 you spend. Our guide to IHG elite status explains each tier and what it gets you.
All four cards also save you 30% when you buy IHG points with the card. Compare that rate with the current points sales before you buy.
Who Should Pick Which Card
- You stay with IHG several times a year: the Premier Select makes sense if you will use most of the $300 in hotel dining vouchers and the $200 airline credit. The 20 Elite Night Credits give you a head start on Milestone Rewards from January.
- You mostly want the free night: the Premier still works if the 50,000-point certificate covers a hotel you would book anyway. Gold status is a real downgrade if you relied on Platinum upgrades.
- You run a business: the Business card keeps Platinum status, but the fee doubles.
- You want no annual fee: the no-fee card is still the cheapest entry, but plan for the $5,000 spending threshold if you count on the fourth night free in 2027.
At our valuation of 0.6 cent per IHG point, the 200,000-point Premier Select bonus is worth about $1,200 and the 180,000-point Premier bonus about $1,080. For a side-by-side look at the older version of each card, see our comparison of IHG credit cards.
Bottom Line
Decide by how many nights you spend at IHG hotels. If you stay often, the Premier Select bonus and its 20 annual Elite Night Credits justify a look before the launch offers end. If you already hold the Premier, check with Chase which changes apply to your account before your next renewal, and weigh Gold status against the new credits. To compare these cards with the rest of the market, browse our credit card guide or the best IHG credit cards, and get the next card changes in our newsletter.
What is the IHG One Rewards Premier Select Credit Card?
It is a new Chase card launched on October 1, 2026, with a $350 annual fee. It includes automatic Platinum Elite status, 20 Elite Night Credits each year, up to $300 a year in IHG food and beverage vouchers and a $200 annual airline credit through December 31, 2027.
What is the Premier Select welcome bonus?
The launch offer is 200,000 bonus points after you spend $5,000 on purchases in the first 3 months. At 0.6 cent per point, that is worth about $1,200. The bonus is not available to current cardmembers of this card or to anyone who received its bonus in the last 24 months.
How much is the IHG Premier card annual fee now?
The IHG One Rewards Premier Credit Card now has a $150 annual fee, up from $99. Its launch offer is 180,000 bonus points after $3,000 in purchases in the first 3 months.
Does the IHG Premier card still give Platinum Elite status?
No. Automatic status on the Premier is now Gold Elite. You can still earn Platinum Elite by spending $15,000 on the card in a calendar year, and Diamond Elite by spending $40,000.
What changed on the IHG Business card?
The annual fee rises from $99 to $200. The card keeps automatic Platinum Elite status, its Anniversary Free Night cap rises to 50,000 points, and it adds a $100 airline credit, a $25 quarterly food and beverage voucher and up to $100 a year in Expensify credits.
Does the no-annual-fee IHG card still get the fourth night free?
Not automatically. Starting in 2027, you need to spend $5,000 on the card in a calendar year to unlock the fourth reward night free on award stays of four nights or more. The card keeps a $0 annual fee and now earns 5 Elite Night Credits each year.
What are Elite Night Credits worth on these cards?
They count toward IHG elite status and Milestone Rewards. The Premier Select gives 20 per year, the Premier and Business cards 15 and the no-fee card 5. The three cards with an annual fee add 2 more for every $5,000 you spend.
How does the airline credit work?
Once per calendar year, you get a statement credit after spending at least $250 on flights booked directly with the airline. It is $200 on the Premier Select and $100 on the Premier and Business cards, through December 31, 2027.
