IHG One Rewards Premier Credit Card · $150 annual fee

Is the IHG One Rewards Premier Credit Card worth it?

The honest break-even math on a $150 annual fee — printed credits, top earn rate, and the spending it takes to come out ahead. No editorial spin: the same figures the optimizer scores your real charges with.

Annual fee$150charged every year
Printed credits$410only if you use them
Net to earn back$0credits cover it on paper
Break-even spend—none, if the credits get used
VerdictOnly if you use the creditsdetails below

Updated 2026-10-09

The break-even math

Annual fee$150
Printed statement credits−$410
Net cost to earn back$0
Top earn rate5x on flights

Its printed statement credits ($410/yr) already exceed the $150 fee on paper — a net of $260 before you earn a single point. The catch is that credits only count if you'd have spent that way anyway: a quarterly credit you forget to use is worth nothing.

The credits you'd need to use

  • IHG Food & Beverage Rewards — $100/year (quarterly)
  • Airline statement credit — $100/year (annual)
  • United TravelBank Cash — $50/year (twice a year)
  • DoorDash non-restaurant order discount — $40/year (quarterly)
  • Instacart credit — $120/year (monthly)

Credits with a monthly or quarterly cadence expire if unused — that's where most of the printed value quietly disappears.

The verdict

Worth it if you'll actually use the credits. Line up each credit below against how you really spend — if you'd buy those things anyway, the card pays for itself and the rewards are pure upside. If not, you're pre-paying for perks you may skip.

If the answer is no, downgrade — don't cancel

You do not have to choose between paying $150 and closing the account. IHG One Rewards Premier Credit Card can normally be product-changed to one lower-fee card in the Chase IHG One Rewards family — the cheapest is IHG One Rewards Credit Card at no annual fee, saving $150 a year while the account, its age and its credit line stay on your report.

The catch on that one: No fee. You lose the anniversary free night and the fourth-night-free benefit.

What does the IHG One Rewards Premier Credit Card downgrade to? See the option →

Compare it head-to-head

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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 →

Other fees worth questioning

Full IHG One Rewards Premier Credit Card details → · All 290 cards