Buying extra IHG points with your booking

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For a 2 night stay, this will be 10k points for the $78 I'm being charged, right?

I haven't seen these being explicitly advertised as getting more "elite-qualifying" points before. Is this new or have I just missed this in the past? (As per an earlier post I believe they always were elite-qualifying, in any case.)

Based on the wording above it does sound like you'd get 10,000 bonus points for $78.
 
They have been around for a while. It is how I now get to diamond status with far less than 70 nights. But I do try to get to 40 now for the annual lounge pass.
 
They have been around for a while. It is how I now get to diamond status with far less than 70 nights. But I do try to get to 40 now for the annual lounge pass.

That seems like a reasonable strategy, especially if you’re buying those extra points at a reasonable price and you can redeem them for reward nights.
 
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