Huge IHG & Chase Credit Card Changes: Higher Fees, New Perks, & More

Key Points:

• IHG and Chase have completely revamped their co-branded credit card portfolio, introducing the new IHG One Rewards Premier Select Card and overhauling the existing three cards with changes to annual fees, benefits, and rewards structures.
• The IHG One Rewards Premier Card sees its annual fee rise from $99 to $150 but adds valuable perks including up to $100 in annual food & beverage credits, a $100 airline statement credit, and a higher-value annual free night award valid at properties up to 50,000 points; however, it loses automatic Platinum status, now requiring $15,000 annual spend for that tier.
• The IHG One Rewards Business Card’s annual fee increases from $99 to $200, gaining similar food & beverage and airline credits, a new $100 Expensify credit, and a second free night award for $60,000 spend, while maintaining Platinum status for cardholders and offering Diamond status at $50,000 spend.
• The no-annual-fee IHG One Rewards Credit Card loses its automatic fourth night free benefit unless cardholders spend $5,000 annually, though it continues to offer Silver status and elite night credits, with adjusted points earning rates.
• Existing cardholders will be notified of changes in October 2026, with new fees and benefits applying in 2027; while some perks improve, the overall trend reflects higher fees and more complex requirements to maximize value, making the new Premier Select Card potentially the most attractive option.