IHOP recently launched their brand new rewards program called "The International Bank of Pancakes."
Unlike MyHop, IHOP's previous rewards program, The International Bank of Pancakes will revolve around a central currency - the Pancoin. Every $5 spent at IHOP gets you one of these and you can spend them to get free food - yes, that means free pancakes. Here are the Pancoin equivalencies:
3 Pancoins: Short stack (buttermilk)
5 Pancoins: Full stack (buttermilk)
8 Pancoins: Any Kids Meal
12 Pancoins: Any Burger or Sandwich
15 Pancoins: Any Burrito or Bowl
20 Pancoins: Any Flavored Full Stack
30 Pancoins: Any Omlette or any Breakfast Combo.
Pancoins expire after two years of inactivity, so you'll have plenty of time to spend your hard-earned currency. Note that you can only redeem and use Pancoins at participating locations.