5 New IHG Hotels You Can Visit in 2017 for Free

Here's how to use your IHG Rewards Club points for free nights at these new hotels.

If you’re planning a vacation this year and are a fan of Intercontinental Hotel Group hotels, we’ve got some good news for you. The firm has recently opened five new hotels around the world — and, if you play your points right, you could score a stay in one free of charge. (Psst … if you’re trying to travel on a dime, we’ve got 28 more ways to save for this year’s big adventure right here.)

Here’s how many IHG Rewards Club points you’ll need to stay in one or all of its new additions absolutely free.

1. Hotel Indigo Lower East Side

If you will be traveling to New York City, then make sure you plan a stay at Hotel Indigo Lower East Side. This hotel is situated in the middle of one of the city’s most popular neighborhoods. During your stay you can enjoy a swim in the hotel’s rooftop pool, or even join a yoga class while enjoying the top-floor views.

A free night at the Hotel Indigo Lower East side will cost 50,000 points per night.

2. Hotel Indigo Singapore Katong

Located in the old Joo Chiat police station, the Hotel Indigo Singapore Katong is perfect for travelers that want to have easy access to everything the city has to offer. Grab a bite to eat at the hotel’s Baba Chews Bar and Eatery after you relax in the hotel’s infinity pool situated on the roof.

Free nights at the Hotel Indigo Singapore Katong will cost 40,000 points per night.

3. InterContinental Beijing Sanlitun

During your next trip to Beijing, stay at the InterContinental Beijing Sanlitun, located in the middle of the city’s entertainment district. You will be situated close to some of the best bars, restaurants, and markets that Beijing has to offer. Within the hotel you will experience five-star service, with multiple bars and restaurants featuring spectacular views of the city, and rooms that will make you feel rested and ready to go each morning.

Free nights at the InterContinental Beijing Sanlitun will cost 50,000 points per night.

4. Crowne Plaza Resort Sanya Bay, China

The Crowne Plaza Resort Sanya Bay is located in the largest of China’s Hainan Island bays. This hotel’s tropical location is perfect for anyone who might be in town for pleasure or business. You will be a short ride away from both Nanshan Temple and Mingzhu Plaza. At the hotel you will find both an indoor and outdoor pool, and also a natural hot spring.

The Crowne Plaza Resort Sanya Bay will cost 25,000 points per night.

5. Holiday Inn Manchester — City Centre

Anyone visiting Manchester, England, will have an abundance of hotels to choose from. However, if you want to be located right in the middle of city center, the new Holiday Inn Manchester might be the way to go. This hotel is located in near proximity to many of the city’s biggest venues including O2 Apollo, Manchester Area, and Bridgewater Hall.

The Holiday Inn Manchester – City Centre will cost 30,000 points per night.

How to Earn More IHG Rewards Club Points

Anyone looking to increase their balance of IHG Rewards Club points should look no further than the IHG Rewards Club Select Credit Card from Chase. When you sign up for this rewards credit card, you’ll receive 60,000 points after spending $1,000 in the first three months. If you’d like to add an authorized user to your account, you’ll earn an extra 5,000 points after they make a purchase in the first three months.

When you use the card at IHG hotels, you will receive 5x points. Purchases made at grocery stores, gas stations, and restaurants will all earn 2x points. All other purchases will earn 1x point for every dollar spent. This card has no foreign transaction fees, but it does come with an annual fee of $49, which is waived the first year.

Also, you’ll receive a certificate for a free night at any IHG hotel on the anniversary of opening the card, plus you’ll automatically receive IHG Platinum Elite status. This will give you 10% of your points back on redemption. It touts a 16.49% to 23.49% variable annual percentage rate (APR), depending on creditworthiness. (You can get an idea of where you might fall by viewing two of your free credit scores, updated every 14 days, on Credit.com.)

Of course, if IHG isn’t your chain of choice, there are plenty of other hotel rewards credit cards out there that could score you a free stay. (You can find a few more solid credit cards for hotel hoppers here.) And, if you don’t have a chain of choice, you might want to opt for a general-purpose travel rewards credit card whose points and miles are good for any hotel or airline purchase. Just be sure to pay your balances off on all above in full — otherwise, you’ll lose those precious points to interest.

Happy travels!

Note: It’s important to remember that interest rates, fees and terms for credit cards, loans and other financial products frequently change. As a result, rates, fees and terms for credit cards, loans and other financial products cited in these articles may have changed since the date of publication. Please be sure to verify current rates, fees and terms with credit card issuers, banks or other financial institutions directly.

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Chase’s Hot New Credit Card Could Cost Them up to $300 Million

Chase's new credit card is so wildly popular, and offers such great perks, it's costing the bank money.

Back in September, Chase ran out of the metal versions of their new Sapphire Reserve credit card because of such high demand. And, while it seems the card is still drawing a lot of attention (and applicants), it’s costing Chase money — as much as $300 million, in fact.

At least that’s according to a recent Bloomberg report, which says the card is expected to hurt profits by $200 million to $300 million in the fourth quarter. (Don’t feel too bad, they’re still anticipating a $5 billion profit this quarter.) And, according to the report, the bank won’t break even on the investment they’ve made into this card for almost six years. Despite all this, the JPMorgan Chase Chief Executive Officer Jamie Dimon said “the card has been doing great” when he spoke at an investor conference in New York on Tuesday.

Wondering what all the fuss is about with this Chase Sapphire Reserve credit card? Well…

What Makes This Card So Popular

There’s a lot to be said about this credit card — to start, after you spend $4,000 in the first three months of having the card, you’ll get 100,000 bonus points. Yes, you read that right: 100,000 points, which is equal to $1,500 in travel redeemed through the Chase Ultimate Rewards platform. And, if you have wanderlust, you’ll also like that this card gives you an annual statement credit of up to $300 to reimburse you for travel purchases. (Starting to understand why this card is so popular and costing Chase some money?)

All this from a credit card is pretty amazing, right? There’s more. While you’ve still got jet setting on the brain, it’s worth mentioning that this card will reimburse you up to $100 for your Global Entry or TSA Pre✓ application, as well as give you access to airport lounges and special benefits at certain hotels and when renting cars.

And let’s talk about spending rewards: You get three points per dollar on travel and dining and one point per dollar for all other purchases. When you redeem through the Chase rewards platform, your points will go further, as you’ll get 50% more in travel redemption.

As many rewards credit cards do, the Chase Sapphire Reserve comes with an annual fee, and it isn’t a subtle one: $450. You also have to pay the annual fee upfront. And if you can’t pay your statement in full (a best practice with rewards credit cards so you don’t lose your perks to interest fees), you’re looking at a variable APR of 16.24% to 23.24%, depending on your creditworthiness.

Adding Plastic to Your Wallet

Yes, these rewards are amazing and can be exceptionally tempting. But, not so fast: You want to think about if adding this card, or any other card, to your collection is really right for you before you hit “Submit” on that application. Are you going to be able to make that $450 annual fee worthwhile or would a credit card with a lower yearly fee (or not one at all) be better? And if it’s that signup bonus that sounds most appealing to you, is it an amount you’d be able to afford to spend? After all, added spending just to get a bonus (and ultimately ending up in debt) certainly isn’t worth it.

Part of considering which credit card may be right for you is also knowing what cards you’re likely to qualify for. Cards that offer rewards tend to require a good credit score, so it’s good to know if you’re even eligible before applying. After all, you don’t want that hard inquiry on your credit just to be rejected for the new card. (You can find out where your credit currently stands by viewing two of your credit scores for free, updated every 14 days, on Credit.com.) If you discover your scores aren’t at the level you’d like them to be, all is not lost: Consider paying down debts, repairing any report damage you may discover and limiting inquiries on your credit until your scores rebound.

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The post Chase’s Hot New Credit Card Could Cost Them up to $300 Million appeared first on Credit.com.

Chase’s Hot New Credit Card Could Cost Them up to $300 Million

Chase's new credit card is so wildly popular, and offers such great perks, it's costing the bank money.

Back in September, Chase ran out of the metal versions of their new Sapphire Reserve credit card because of such high demand. And, while it seems the card is still drawing a lot of attention (and applicants), it’s costing Chase money — as much as $300 million, in fact.

At least that’s according to a recent Bloomberg report, which says the card is expected to hurt profits by $200 million to $300 million in the fourth quarter. (Don’t feel too bad, they’re still anticipating a $5 billion profit this quarter.) And, according to the report, the bank won’t break even on the investment they’ve made into this card for almost six years. Despite all this, the JPMorgan Chase Chief Executive Officer Jamie Dimon said “the card has been doing great” when he spoke at an investor conference in New York on Tuesday.

Wondering what all the fuss is about with this Chase Sapphire Reserve credit card? Well…

What Makes This Card So Popular

There’s a lot to be said about this credit card — to start, after you spend $4,000 in the first three months of having the card, you’ll get 100,000 bonus points. Yes, you read that right: 100,000 points, which is equal to $1,500 in travel redeemed through the Chase Ultimate Rewards platform. And, if you have wanderlust, you’ll also like that this card gives you an annual statement credit of up to $300 to reimburse you for travel purchases. (Starting to understand why this card is so popular and costing Chase some money?)

All this from a credit card is pretty amazing, right? There’s more. While you’ve still got jet setting on the brain, it’s worth mentioning that this card will reimburse you up to $100 for your Global Entry or TSA Pre✓ application, as well as give you access to airport lounges and special benefits at certain hotels and when renting cars.

And let’s talk about spending rewards: You get three points per dollar on travel and dining and one point per dollar for all other purchases. When you redeem through the Chase rewards platform, your points will go further, as you’ll get 50% more in travel redemption.

As many rewards credit cards do, the Chase Sapphire Reserve comes with an annual fee, and it isn’t a subtle one: $450. You also have to pay the annual fee upfront. And if you can’t pay your statement in full (a best practice with rewards credit cards so you don’t lose your perks to interest fees), you’re looking at a variable APR of 16.24% to 23.24%, depending on your creditworthiness.

Adding Plastic to Your Wallet

Yes, these rewards are amazing and can be exceptionally tempting. But, not so fast: You want to think about if adding this card, or any other card, to your collection is really right for you before you hit “Submit” on that application. Are you going to be able to make that $450 annual fee worthwhile or would a credit card with a lower yearly fee (or not one at all) be better? And if it’s that signup bonus that sounds most appealing to you, is it an amount you’d be able to afford to spend? After all, added spending just to get a bonus (and ultimately ending up in debt) certainly isn’t worth it.

Part of considering which credit card may be right for you is also knowing what cards you’re likely to qualify for. Cards that offer rewards tend to require a good credit score, so it’s good to know if you’re even eligible before applying. After all, you don’t want that hard inquiry on your credit just to be rejected for the new card. (You can find out where your credit currently stands by viewing two of your credit scores for free, updated every 14 days, on Credit.com.) If you discover your scores aren’t at the level you’d like them to be, all is not lost: Consider paying down debts, repairing any report damage you may discover and limiting inquiries on your credit until your scores rebound.

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5 Credit Cards That Reward Loyal Customers

loyalty-rewards

Are you the kind of person who likes to stick with something that works? A lot of people want to find the right credit card, use it for many years, and be rewarded for their loyalty. These rewards can take many forms, including discounts, perks, and additional rewards. These aren’t the kind of benefits anyone can get just for signing up, you have to be a cardmember for at least a year, or reach a certain spending threshold on your account.

Here are five credit cards that reward your loyalty.

1. The Platinum Delta SkyMiles Credit Card from American Express

The Platinum Delta SkyMiles card rewards you for your loyalty as you’ll get a companion certificate each year when you renew your card, but not initially when you sign up. This means that you get to invite someone to fly on a domestic flight with you once a year as long as you renew your card, and only have to pay for taxes. This certificate is limited to economy class flights within the contiguous 48 states.

In addition, you earn two miles for every dollar you spend directly with Delta, and one mile per dollar spent on other purchases. The annual fee for this card is $195 and there are no foreign transaction fees.

2. Hyatt Visa Signature Card From Chase

This card offers you a free night stay at any Category 1-4 Hyatt hotel every year if you renew your card. This card also offers Platinum status at the Hyatt, which means you get access to perks such as expedited check-in, complimentary in-room internet and a 15% point bonus on any eligible purchases. Other benefits include earning three points for every dollar spent on any Hyatt properties, double points for every dollar spent on flights, car rentals or restaurants, and one point on any other purchases. There are no foreign transaction fees for this card and the annual fee is $75.

3. Club Carlson Premier Rewards Visa Signature Card from US Bank

The Club Carlson Premier Rewards Visa Signature card grants you Gold Elite Status for your Club Carlson membership as soon as you activate and use your card. If you already have that status, you get 15 qualifying nights either towards getting or maintaining Elite status. And whenever you renew your card, you’ll get 40,000 bonus points.

This card also rewards those who use it often throughout the year. If you spend at least $10,000 and then renew your card, then you’ll earn a free night at any qualifying hotel. The annual fee for this card is $75 and there is a 3% foreign transaction fee.

4. Ritz-Carlton Rewards Credit Card From Chase

This card rewards you for your loyalty by giving you Gold Elite Status benefits in the Ritz-Carlton Rewards program whenever you spend $10,000 or more annually. These benefits include complimentary in-room internet access and other exclusive bonuses. If you spend $75,000 or more, you get upgraded to Platinum Elite status.

This card offers five points per dollar spent at Ritz-Carlton and Marriott Hotels, double points for airline, car rental and restaurant purchases, and one point per dollar spent elsewhere. Other benefits include Priority Pass Select airport lounge membership and a $300 annual air travel credit.

When staying at Ritz-Carlton hotels, you will also receive three Club Level upgrades each year and a $100 hotel credit toward dining, spa or other hotel recreational activities on paid stays of two nights or longer. There’s an annual fee of $450 and no foreign transaction fees.

5. JetBlue Plus Card from Barclaycard

The JetBlue Plus card rewards loyal customers by giving them TrueBlue Mosaic benefits (JetBlue’s elite status) for a year whenever cardmembers spend at least $50,000 annually. Some of these benefits include having up to two free checked bags, priority boarding, waived cancellation fees, a dedicated check-in area, and 15,000 bonus points.

This card also offers 6x points for JetBlue purchases, 2x points at restaurants and grocery stores, and one point per dollar spent on all other purchases. Other benefits include a 50% savings on eligible inflight purchases and 10% of your points back every time you redeem them. This card has an annual fee of $99 with no foreign transaction fees.

It’s prudent not to spend beyond your budget when using rewards credit cards. Spending too much and not paying off your credit card balances can negatively effect your credit score, which affects your ability to get lower interest loans, mortgages and other card offers.  If you’d like to see where your credit stands, you can see two of your credit scores, updated every 14 days, on Credit.com.

At publishing time, the Jet Blue Plus credit card is offered through Credit.com product pages, and Credit.com is compensated if our users apply for and ultimately sign up for this card. However, this relationship does not result in any preferential editorial treatment.

Note: It’s important to remember that interest rates, fees and terms for credit cards, loans and other financial products frequently change. As a result, rates, fees and terms for credit cards, loans and other financial products cited in these articles may have changed since the date of publication. Please be sure to verify current rates, fees and terms with credit card issuers, banks or other financial institutions directly.

Image: Goodluz

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4 Ways Your Credit Scores Can Empower You

credit-scores-can-empower-you

The members of the credit elite — consumers who reside at the top of the scoring ladder — are no strangers to the hard work having good credit requires. Maintaining good or excellent credit can help you qualify for the best financial offers. Here are four ways this can pay off and might leave you feeling financially empowered.

1. Credit Card Perks & Rewards

When you have good credit scores, you open up the doors to new credit opportunities. For example, you may now be eligible for some of the more premiere credit cards on the market that offer great rewards. (You can read more about reward credit cards here.) Before you apply for a new card, it’s a good idea to verify where your credit currently stands. You can see two of your credit scores for free, updated every 14 days, on Credit.com.

2. Negotiation Power

As an attractive borrower, you can expect to wield greater negotiation power in your financial dealings. For example, an Experian analysis found that “85% of the rental applicant population is in one of the three lowest VantageScore credit ranges (501 to 799), compared with a national average of only 64%.” You may be able to use your excellent credit score to distinguish yourself from the competition and negotiate better terms and conditions in several situations.

3. Lower Insurance Premiums

Insurance is the business of risk, and the premium you pay is based on several factors, including age, city of residence and past behavior. Based on the latter, it’s no surprise that many providers look at your credit to set insurance rates (California, Hawaii and Massachusetts have laws prohibiting this practice). Consumers with excellent credit may been seen as a lower risk and may be rewarded with lower auto, homeowner or health insurance rates.

4. Prime Interest Rates

Borrowing money can be easier with high credit scores. A stellar ranking may qualify you for some of the best available mortgage rates, auto loans and revolving APR. Depending on the value and length of the loan, excellent credit could help save you thousands of dollars over time.

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