Now you can transfer IHG points to others for free: Here's how

07.12.2023 - 18:17 / thepointsguy.com

IHG One Rewards members who hold Diamond Elite status or belong to IHG's Business Rewards program can now transfer up to 500,000 IHG One Rewards points per calendar year to other members without paying any transfer fees, as first reported by One Mile at a Time.

This is excellent news for travelers like me who love redeeming IHG points. And luckily, many travelers may be eligible to join IHG's Business Rewards program.

Here's what you need to know about this new perk.

IHG One Rewards members can transfer points between accounts in increments of 1,000 points if the sender and receiver accounts are at least 30 days old. However, you can only transfer or receive up to 500,000 points per calendar year.

Previously, all members initiating transfers needed to pay a fee of $5 per 1,000 points. But now, Diamond Elite members and members of IHG's Business Rewards program who initiate transfers won't need to pay this fee.

To transfer IHG One Rewards points to another member, head here, provide the requested details about your IHG account to log in and then fill out the points transfer form.

You'll need to confirm the recipient's details on the next page.

Then, you'll get to a confirmation page that states, "Your order has been received and will be processed in the next 72 hours. You will receive a confirmation email once your transaction completes."

My points transfer wasn't completed before writing and publishing this story. As a result, the points are still in my account, but we'll update this paragraph with how long the transfer took once the points arrive in my recipient's account.

Once the points transfer completes, no cancellations or refunds are permitted and the member who initiated the transfer has no right to the transferred points. The points transfer page says the "offer does not have an expiration date and will continue at IHG's discretion."

Related: 7 ways to earn more IHG One Rewards points for your next redemption

Frequent readers know I'm a big fan of buying IHG points, especially when you can do so with a 100% bonus. After all, a 100% bonus brings the effective purchase rate down to just 0.5 cents per point. This rate matches TPG's valuation of IHG points but is significantly lower than I typically get when redeeming IHG points. However, you're limited to purchasing 150,000 points per year (this cap has been increased to 250,000 points per calendar year during the current IHG buy points promotion).

This is when transferring IHG points to another member without a fee could become useful. If you need more points than the maximum amount you can purchase in a year, you could have another member buy points and then transfer them to you.

My husband and I both currently have Diamond Elite status, but