IHG One Rewards Premier Select Credit Card Review (New Card, $350 Annual Fee, 200k+10k Offer)

Advertiser Disclosure: This site is part of affiliate sales networks and receives compensation for sending traffic to partner sites. This compensation may impact how and where links appear on this site. This site does not include all financial companies or all available financial offers.

[2026.10 Update] Chase and IHG launched the new IHG One Rewards Premier Select Credit Card today. This is a premium IHG co-branded card positioned above the regular IHG Premier. The annual fee is $350. The launch offer is currently 200k IHG points after spending $5,000, plus another 10k points for adding an authorized user. This launch offer ends on November 18, 2026.

Application Link

Benefits

1. 200k+10k welcome offer: Earn 200,000 IHG points after spending $5,000 in the first 3 months. You can earn another 10k points by adding an authorized user within the first 3 months.
2. IHG Points are worth about 0.5 cents/point (Hotel Points Valuation). Therefore, the 200k welcome offer is worth about $1,000.
3. Starting in the second year, after paying the annual fee, you receive one 60k Free Night (FN) each year. You can top it up with points to redeem for hotels costing more than 60k points. You can also earn another 60k FN after spending $40k in a calendar year, and this certificate can also be topped up with points.
4. Earn 12x IHG Points at IHG hotels, 6x on dining and travel, including rideshare purchases, and 3x on all other purchases.
5. $300 in annual IHG dining vouchers: Receive one $75 voucher each quarter. It can be used toward eligible food and beverage charges billed to your room during an IHG hotel stay. Each voucher can only be used once and expires at the end of the quarter. Any unused amount is forfeited.
6. $200 annual airline credit: Purchase an airline ticket of at least $250 directly from an airline and receive a $200 statement credit. Note that this benefit is currently only guaranteed through December 31, 2027.
7. Cardholders automatically receive IHG Platinum Elite status. Spend $25k in a calendar year to receive Diamond Elite status, valid through the end of the following calendar year.
8. Cardholders receive 20 Elite Night Credits (ENC) each year, immediately reaching the 20-night threshold for the first IHG Milestone Reward. After that, earn another 2 ENC for every $5k in spending. When annual spending reaches $15k, you also receive an additional 5 ENC.
9. Spend $15k in a calendar year and, in addition to the extra 5 ENC mentioned above, receive 20k bonus IHG points.
10. When redeeming IHG points for four consecutive nights, the fourth night is free.
11. Receive a 30% discount when purchasing IHG points.
12. Cardholders receive $50 in United TravelBank Cash per calendar year. The $50 is split into two $25 deposits: $25 on January 1 and another $25 on July 1. The first $25 expires on July 15 of the same year, while the second $25 expires on January 15 of the following year. Registration is required. Because the amount is small and the expiration periods are short, this benefit is not particularly useful. For tips on using it, see Chase IHG Premier $25 United TravelBank Cash Tips.
13. Up to $120 in statement credits every four years for Global Entry, TSA PreCheck, or NEXUS application fees.
14. There are also several limited-time Chase benefits, including one year of complimentary DashPass, up to $10 per month in DoorDash non-restaurant discounts, and $10 per month in Instacart credits. Most of these benefits are also currently only guaranteed through the end of 2027.
15. No foreign transaction fee.

Disadvantages

1. $350 annual fee, NOT waived first year.
2. Although the $300 annual IHG dining benefit has a substantial face value, it is split into $75 quarterly vouchers, must be used during an IHG hotel stay and charged to the room, and each voucher can only be used once. Therefore, unless you stay at IHG hotels regularly, it may be difficult to use the full value.
3. Free night is only valid for one year.

Recommended Application Time

1. [5/24 Rule] If you have 5 or more new accounts opened in the past 24 months, Chase will not approve your application, no matter how high your credit score is. The number of new accounts includes all credit card accounts, not only Chase accounts. See this post for details about how to possibly bypass this rule.
2. This product is available to you if you do not have this card and have not received a new Cardmember bonus within the last 24 months. Note that what matters here is the time you got the sign-up bonus, not the time you open the account or close the account. This business credit card does not affect the signup bonus eligibility of personal IHG credit cards.
3. Don’t apply for more than 2 Chase credit cards within 30 days, or it’s highly likely that you will get rejected.
4. We recommend you to apply for this card after you have a credit history for more than a year.

Summary

This is IHG’s new premium personal credit card. Its $350 annual fee is $200 higher than the regular IHG Premier’s $150 annual fee. In exchange, the main benefits are a higher-value 60k FN, Platinum Elite status, 20 ENC per year, $300 in IHG dining vouchers, and a $200 airline credit.

The easiest benefit to use is clearly the $200 airline credit: simply purchase an airline ticket costing at least $250 and you can receive the full credit in one transaction. If you also stay at IHG hotels frequently enough to use the quarterly $75 dining vouchers, those two benefits alone provide $500 in annual face value, before even considering the 60k FN, making the $350 annual fee relatively easy to offset.

However, there are also obvious drawbacks. The $200 airline credit is currently only guaranteed through the end of 2027, while the $300 dining benefit is split into $75 quarterly vouchers and will not be easy for everyone to use in full. Therefore, over the long term, this card is most suitable for people who stay at IHG hotels several times per year and place meaningful value on the 20 ENC and IHG Milestone Rewards.

This card is particularly strong for earning elite qualifying nights. Simply holding the card immediately gets you to IHG’s first Milestone Reward threshold, where you can select a suite upgrade reward. If you already stay at IHG hotels during the year and also earn additional ENC through card spending, reaching 40 nights to unlock the lounge membership reward becomes significantly easier.

Compared with the regular $150 IHG Premier, the main advantages of the Premier Select are the 60k FN, Platinum status, 20 ENC, the larger $300 dining benefit, and the $200 airline credit. If you can consistently use these benefits, the extra $200 annual fee is reasonable. If you mainly want an annual IHG Free Night certificate and fourth-night-free award stays, the regular Premier is obviously much simpler.

Related Credit Cards

After Applying

• Call 800-453-9719 to check Chase business cards application status. This is an automated telephone line, and the information has the following meanings: Receive decision in 2 weeks means your application is probably approved; Receive decision in 7-10 days means your application is probably rejected; Receive decision in 30 days simply means your application requires further review and there’s nothing to tell you for now.

Historical Offers Chart

Application Link

If you like this post, don’t forget to give it a 5 star rating!