IHG One Rewards Business Credit Card
$200 annual fee · $450/yr in printed statement credits · 3x on everything else · no foreign transaction fees
Terms verified 2026-10-01 against issuer terms · welcome offer re-checked 2026-10-23
Earn rates · how we got this
| Category | Rate | Cap |
|---|---|---|
| Flights | 5x 2.5¢ per $1 |
uncapped |
| Car Rental | 5x 2.5¢ per $1 |
uncapped |
| Dining | 5x 2.5¢ per $1 |
uncapped |
| Advertising | 5x 2.5¢ per $1 |
uncapped |
| Gas | 5x 2.5¢ per $1 |
uncapped |
| Everything else | 3x 1.5¢ per $1 |
uncapped |
| Hotels at IHG only — anywhere else in this category the card earns its base rate, so it is excluded from every ranking on this site |
10x | uncapped |
What we have watched change
Differences between one check of the issuer's page and the next — not a reconstruction of the card's history. We only know what we were watching when it moved.
- Annual fee IHG One Rewards Business Credit Card annual fee rose from $99 to $200. 2026-10-01
- Welcome offer IHG One Rewards Business Credit Card welcome bonus rose from 140,000 to 190,000. 2026-10-01
- Earn rate IHG One Rewards Business Credit Card: from 2027, 5x on travel narrows to flights booked directly with the airline and car rentals; other travel drops to 3x. 2026-10-01
- Earn rate IHG One Rewards Business Credit Card: office supply stores drop from 5x to 3x from 2027. 2026-10-01
- Statement credit IHG One Rewards Business Credit Card added the IHG Food & Beverage Rewards ($100 a year). 2026-10-01
- Statement credit IHG One Rewards Business Credit Card added the Airline statement credit ($100 a year). 2026-10-01
Signup bonus: 190,000 points after $5,000 in 3 months. We never count unearned bonuses in savings math — a bonus you don't clear is worth zero. Bonus figure confirmed on the issuer's page 2026-10-23.
Statement credits — $450/yr on paper · how we got this
Two of the six pay out in pieces through the year, and two must be enrolled in first. A month you miss is gone, not banked.
Monthly and quarterly credits expire if unused — that's where most of their printed value quietly disappears.
Non-cash perks
- Automatic IHG One Rewards Platinum Elite status for as long as the account is open (6–8 weeks to post)
- Diamond Elite status after $50,000 in calendar-year purchases, starting 1/1/2027
- 5 Elite Night Credits and 20,000 bonus points after $25,000 in calendar-year purchases
- Anniversary Free Night each year at hotels up to 50,000 points, plus a second Free Night after $60,000 in calendar-year purchases
- 4th night free on reward stays of 4+ consecutive nights at the same property (unlimited uses per year)
- Purchase protection: 120 days from purchase, up to $10,000 per item
- Trip cancellation and interruption insurance: up to $1,500 per covered traveler, $6,000 per trip
- 10,000 bonus points for adding the first employee card within 3 months
- No foreign transaction fees
Does the fee earn out? · how we got this
The printed statement credits ($450/yr) cover the $200 fee on paper — if you'd spend that way anyway. Credits you have to remember, enroll in, or change behavior for are worth less than face value. Our app tracks each one against your actual charges.
Is this $200 fee worth it? See the break-even math →
Check the current offer on the issuer's site → Where a card link will appear once available — no link on this page pays us today.
Who this card is not for
Every point below is a term the issuer prints, read off this card's own row in our database — not an opinion about the card. One thing on this card rules out a kind of spender:
- Anyone who doesn't spend at IHG. Its largest printed rate, 10x on hotels, pays only at IHG. Anywhere else it earns its base 3x, so the headline number is a loyalty rate rather than a category rate — which is why no ranking on this site counts it.
Comparing cards in the same currency? See the best cards that earn IHG points →
More from Chase
Which card should this spending actually be on? The demo re-scores a year of realistic spending against every card in a wallet — free, no signup. See it on sample data →
Verified 2026-10-01 against issuer terms · sources: creditcards.chase.com · sites.chase.com. Spot an error? Tell us.