Chase and IHG announced on October 1, 2026 a new top-tier hotel card, the IHG One Rewards Premier Select, along with updates to all three existing IHG cards.
IHG One Rewards Premier Select
The new card carries a $350 annual fee. Benefits listed by Chase:
- Anniversary Free Night worth up to 60,000 points
- Up to $300 a year in Food & Beverage Rewards at IHG hotels
- $200 annual airline statement credit plus up to $50 in United TravelBank Cash
- Automatic Platinum Elite status and 20 Elite Night Credits each calendar year
- Fourth reward night free on four-night award stays
- Earning of up to 28x at IHG, 6x on dining and travel, and 3x elsewhere
The launch offer is 200,000 bonus points after $5,000 in spending in the first 3 months, available through November 18.
Changes to the existing cards
- IHG One Rewards Premier: annual fee rises from $99 to $150. It adds up to $100 a year in Food & Beverage Rewards, a $100 airline credit, and 15 Elite Night Credits each year, and the anniversary night cap rises to 50,000 points. Automatic status is now listed as Gold Elite, down from Platinum.
- IHG One Rewards Business (formerly Premier Business): annual fee rises from $99 to $200. New perks include up to $100 in Food & Beverage Rewards, a $100 airline credit, a $100 Expensify credit, and 15 Elite Night Credits. It keeps automatic Platinum Elite and gets a 50,000-point anniversary night cap.
- IHG One Rewards (formerly Traveler): still no annual fee. Grocery joins dining and gas at 3x, and it now comes with 5 Elite Night Credits each year.
Chase says existing cardholders will see the new annual fees in 2027 and will be notified this month with their specific effective dates.