Chase has refreshed its IHG One Rewards cards, and the business version now carries a 190,000-point welcome offer, labeled a launch offer on Chase's page. The trade-off: the annual fee is now $200. Earlier reports put the old offer at 140,000 points with a $99 fee.
The offer
- Bonus: 190,000 IHG One Rewards points after $5,000 in purchases in the first 3 months from account opening
- Plus: 10,000 points after you add an employee card in the first 3 months
- Annual fee: $200
- End date: Chase's page doesn't list one
Chase says the bonus posts to your IHG account 6 to 8 weeks after you qualify.
Apply: see the IHG One Rewards Business card listing.
Earn rates (per Chase)
- 10x points per $1 at IHG Hotels and Resorts (Chase advertises up to 26x total once you add the points IHG gives members and Platinum Elite members on stays)
- 5x on flights booked directly, car rentals, dining, select advertising and gas stations
- 3x on everything else
Benefits (per Chase)
- Automatic Platinum Elite status while you keep the card
- An Anniversary Free Night each year at hotels up to 50,000 points a night (you can add your own points for pricier hotels)
- Up to $100 a year in IHG food and beverage rewards ($25 vouchers each quarter)
- A $100 statement credit each calendar year once you spend at least $250 on flights bought directly from an airline, through 12/31/27
- Up to $100 a year in statement credits for Expensify purchases
- Up to $120 every four years for Global Entry, TSA PreCheck or NEXUS
- 20,000 bonus points after $25,000 in purchases each calendar year, and Diamond Elite status for $50,000 in purchases in a calendar year starting in 2027
- 30% off points purchases
The DoorDash and Instacart credits have their own terms and end dates on Chase's page.
The rest of the refreshed lineup
| Card | Bonus | Spend in first 3 months | Annual fee |
|---|---|---|---|
| IHG One Rewards Business | 190,000 points | $5,000 | $200 |
| IHG One Rewards Premier Select | 200,000 points | $5,000 | $350 |
| IHG One Rewards Premier | 180,000 points | $3,000 | $150 |
| IHG One Rewards (no annual fee) | 125,000 points | $2,000 | $0 |
All four offers are on Chase's IHG card page and are labeled launch offers. We covered the Premier Select card in IHG One Rewards Premier Select: 200,000 points after $5k spend.
Eligibility
This is a business card, so you apply as a business owner. Chase generally declines applicants who opened five or more personal cards in the last 24 months (the 5/24 rule), and a new card means a hard credit inquiry. Check Chase's offer details for the card's bonus eligibility rules before you apply.
Is it worth it?
This offer may make sense if you stay at IHG hotels enough to use the anniversary night and the quarterly food vouchers, and if you'd value Platinum status for a $200 fee. If you mainly want the bonus, compare it with the fee you'd pay to keep the card; our guide to comparing a sign-up bonus to its annual fee walks through the math.
Source: IHG One Rewards Business Credit Card page and IHG card lineup on creditcards.chase.com, checked Oct 20, 2026.
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