IHG One Rewards Premier Select by Chase: 12x hotels in the IHG Hotels & Resorts portfolio, 6x dining & restaurants, 6x travel (broad), 3x everything else.…
The IHG One Rewards Premier Select is Chase's mid-tier credit card. The $350/yr annual fee includes a 200,000-point welcome bonus after spending $5,000 in the first 3 months. Beyond the welcome bonus, here's what the card actually delivers.
| Credit | Value | What it covers |
|---|---|---|
| $300 Food & Beverage Rewards credit | $300/qtr | One Food & Beverage Reward voucher of up to $75 each calendar quarter, up to $300 a calendar year, "to be redeemed for credit against eligible food and beverage on your room bill at participating IHG Hotels & Resorts." Each voucher expires at the end of its quarter. |
| $200 airline statement credit | $200/yr | A $200 statement credit each calendar year after a purchase of at least $250 on flight tickets booked directly with the airline, through 12/31/27. Applied automatically. |
| United TravelBank Cash | $50/yr | Up to $50/yr in United TravelBank Cash ($25 on or about January 5 and $25 on or about July 5) after registering the card with a United MileagePlus account |
| Instacart credit | $120/mo | $10/mo in Instacart credits ($120/yr) for purchases made directly through Instacart, after activating the complimentary Chase Instacart+ membership. Benefits end 12/31/27 |
| Anniversary Free Night (up to 60,000 points) | $360/yr | Automatic each account anniversary year; redeemable at a property up to 60,000 points (may top up with own points for higher). Verified first-party 2026-10-02. |
Welcome bonus value (year one): ~$1200. Annual statement credits: $1030. Minus the $350 annual fee = ~$1880 in year-one net value before any spending earn.
Best fit: someone whose category spending matches the card's earn multipliers. Skip if: your spending pattern is flat across categories — a 2% flat-rate card would beat this.
200,000 points after spending $5,000 in the first 3 months. At our ~0.6¢/pt valuation, that's roughly $1200 in real value.
Year-one math: welcome bonus value (~$1200) + annual credits ($1030) − $350 fee = ~$1880 net before spending earn. Year-two onward, the credits alone need to clear $350 — they do. Worth it if you'll use the credits, skip if you'd let them expire.
5 recurring statement credits: $300 Food & Beverage Rewards credit ($300), $200 airline statement credit ($200/yr), United TravelBank Cash ($50/yr), Instacart credit ($120/mo), Anniversary Free Night (up to 60,000 points) ($360/yr). Total: $1030/yr.
Check the card's terms — most premium travel cards waive foreign transaction fees, while no-fee and entry-tier cards usually charge 2-3%. Chase's product page has the current rate.