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IHG One Rewards Business Credit Card Review
[2026.10 Update] The IHG One Rewards Business Card got a fairly significant refresh today. The annual fee has increased to $200, while the current welcome offer is 190k IHG points.
Here are the main changes:
- Cap of FN has increased from 40k to 50k, including both the annual anniversary FN and the $60k spend FN. This particular change was actually announced back in September.
- Elite Night Credits (ENC): You now receive 15 ENC each year as a card holder, plus 2 additional ENC for every $5,000 in spending.
- Bonus categories: 5x is now limited to airfare and car rentals. Previously, the card earned 5x on all travels.
- $100 IHG Food & Beverage Rewards: $25 each quarter, applicable toward eligible hotel dining charges on room bill. The credit resets each quarter and expires at the end of that quarter.
- $100 Airline Credit: Once per calendar year, spend at least $250 on a single airline purchase and receive a $100 statement credit. This benefit lasts until December 31, 2027.
- $100 Expensify Credit each year.
- The $50 United TravelBank benefit has been removed.
The biggest downside is obvious: the annual fee has essentially doubled. In the near term, the $100 airline credit does help offset a meaningful portion of that increase, although that benefit is currently only guaranteed through the end of 2027.
Compared with the personal IHG Premier Card, the business version mainly offers a larger welcome bonus and automatic Platinum Elite status. Personally, I do not put a huge amount of value on IHG Platinum, so the difference is not especially compelling. Actually the personal card now looks slightly more attractive overall.
Contents
Application Link
Benefits
- 190k Offer: Earn 190,000 IHG points after spending $5,000 in 3 months. The best recent offer is 200k.
- IHG points are valued around 0.5 cents/point (Hotel Points Value). So the 200k highest offer is worth about $1,000.
- Receive a 50k Free Night (FN) certificate every year after your account renewal anniversary date. You can also use existing IHG points to redeem your FN at hotels above the 50,000 point redemption level.
- Earn 10x points at IHG property; earn 5x points at airline ticket, car rental, gas stations, select advertising, and restaurants; and earn 3x point on other purchases.
- [New] Enjoy $100 Food & Beverage Rewards every year. You get $25 F&B rewards each quarter, which can be applied to dining charges on room bill once.
- [New] $100 Airline Statement Credit: You get $100 airline credit when you spend at least $250 on flight purchases directly with airline. This benefit lasts until 12/31/2027.
Receive up to $50 United TravelBank Cash each calendar year: You will receive one $25 United TravelBank cash deposit on or about January 1, and another $25 United TravelBank cash deposit on or about July 1. Deposits made between January 1 and June 30 will expire on July 15, regardless of deposit date. Deposits made between July 1 and December 31 will expire on January 15, regardless of deposit date. You must complete a one-time registration to receive this benefit. This benefit is essentially useless because of its short expiration and small amount.This benefit will be removed from 01-01-2027- Earn 5 Elite Night Credits + 20k IHG points after you spend $25,000 on purchases and make one additional purchase each account anniversary year.
- 30% off when you purchase IHG points with your card.
- 4th reward night free when you redeem points for any stay of 4 or more nights.
- Complimentary IHG Platinum Membership as long as you have this card. Get IHG Diamond Membership if you spend $50k.
- [New] Elite Night Credits (ENC): Get 15 ENC each calendar year, and 2 ENC for every $5000 spend.
- Global Entry or TSA PreCheck $100 credit every 4 years.
- No foreign transaction fee.
- Refer a friend. Please click this link to start referring. You can earn 10,000 bonus IHG points for every approved account you refer, up to a maximum of 5 approved referrals (50,000 IHG points) per calendar year.
Disadvantages
- $99 annual fee, NOT waived first year.
- Free night is only valid for one year.
Recommended Application Time
- [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.
- 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.
- Don’t apply for more than 2 Chase credit cards within 30 days, or it’s highly likely that you will get rejected.
- We recommend you to apply for this card after you have a credit history for more than a year.
Summary
It is essentially the same as the personal Chase IHG Premier card.
Related Credit Cards
- Chase IHG One Rewards
- Chase IHG Premier
- Chase IHG Business (this post)
- Chase IHG Premier Select
| Chase IHG One Rewards | Chase IHG Premier | Chase IHG Business | Chase IHG Premier Select | |
|---|---|---|---|---|
| Annual Fee | $0 | $150 | $200 | $350 |
| Free Night | none | 50k | 50k | 60k |
| IHG Status | Silver | Gold | Platinum | Platinum |
| Coupon Book | none | $100 IHG F&B ($25/quarter) + $100 Airline Credit + $50 United TravelBank | $100 IHG F&B ($25/quarter) + $100 Airline Credit + $50 United TravelBank | $300 IHG F&B ($75/quarter) + $200 Airline Credit + $50 United TravelBank |
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.