IHG Rewards Club has separate recognition program for InterContinental hotels called Ambassador (and now for Kimpton Hotels too).
Members can join Ambassador program by paying $200 or previously 32,000 IHG Rewards Club points. The cash component has stayed the same for new members but the price using points has been upped to 40,000.
You can access InterContinental Ambassador program here.
InterContinental Ambassador program comes with guaranteed 4PM late check out and one category upgrade at InterContinental hotels (certain suites excluded).
Members are also eligible for Gold status with IHG Rewards Club program and free weekend night voucher (you need to pay Best Flexible rate for the first night).
A ufc1 reader alerted us about this price change using points earlier today.
It would have been great if IHG Rewards Club had given members an advance notice about this change to give those thinking of enrolling using points last chance to do so at the old rate.