Update: This offer is expired.
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One of the great hotel credit cards out there with a lucrative bonus offer, is the IHG Rewards Club Select Credit Card from Chase. The sign-up bonus on this credit card is 70,000 bonus points after you spend just $1,000 in the first 3 months of account opening.

The real kicker on this card though, is the annual free night certificate. Every year on your card anniversary, you get a free night, good at any IHG hotel worldwide – including the expensive Intercontinental hotels!
The free night certificate is valid for one year from date of issuance.

IHG includes the following hotel brands: InterContinental Hotels & Resorts, Candlewood Suites, Crowne Plaza,  Holiday Inn, Holiday Inn Express, Hotel Indigo and Staybridge Suites Hotels.

One of the options where at times you can get seriously lucrative value for the points, is redeeming them for IHG’s “Point Breaks“. With “Point Breaks”, hotel rooms go for just 5,000 points per night. That means with the 70,000 bonus you can potentially get 14 free nights! (Bear in mind that there is also a trick to buy Priority Club points for just 0.7 cents per point, which you can read about over here)

This card has a $0 introductory annual fee the first year, then $49.  If you do not want to pay the annual fee but want the free anniversary night, you can just cancel your card once the free night hits your account, as you have 60 days with Chase to get your annual fee reimbursed.

With the IHG card, you’ll earn 5 points for each $1 spent at IHG hotels, 2 points per $1 spent on purchases at gas stations, grocery stores and restaurants and 1 point on all other purchases.

Other benefits of this card include top-tier Platinum status with IHG, no foreign transaction fees and a 10% rebate on IHG points redeemed during the year.