Caesars Rewards vs. Mlife: Casino Loyalty Credit Cards
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I’m always on the lookout for new credit cards that will provide value in the form of discounts, points, or cashback. I’ve gone through a lot of travel reward card alternatives, and I’m wondering if the Mlife or Caesars Rewards credit cards are worth adding to the wallet of a Las Vegas regular.
Let’s take a look at the two most popular casino loyalty cards, which are linked to Caesars Entertainment’s Caesars Rewards and MGM Resorts’ Mlife Programs, to see if you should apply.
MasterCard Mlife Rewards
The MGM Resorts branded credit card allows you to earn reward points that can be exchanged for free casino play or express comps at MGM resorts, as well as tier credits that can be used to advance your Mlife level. In terms of comps, each reward point is worth one cent.
For every dollar spent at an MGM Resorts resort, 3 points are earned, 2 points are won on gas and groceries, and 1 point is received on all other expenditures.
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The Mlife MasterCard’s main advantages are as follows:
- After spending $1,000 in the first three billing cycles, you will receive 10,000 reward points ($100 value).
- There is no annual charge.
- There are no costs for international transactions.
- To advance in the programme, earn Mlife tier credits based on your expenditure. Tier credits are awarded at the same rate as reward points (3x at the resort, 2x on gas/groceries, and 1x on everything else).
- Automatically upgraded to Mlife Pearl Status, which includes free self-parking, the option to bypass the buffet queue, priority hotel check-in, and a 10% boost on points/express Comps earned based on gaming spend.
Is it a good idea for me to purchase the Mlife MasterCard?
It is debatable. How often do you visit MGM resorts? If you are a frequent visitor who parks on the grounds, this card, along with your automatic elevation to Pearl level, maybe a good fit for you because it includes free self-parking, which saves you $18 per day at Bellagio. Big spenders at the resort can additionally profit from the 3x point category (effectively 3% cashback) and the 10% bonus on rewards points earned through gambling.
There are undoubtedly better options on the market for you if you visit to Vegas infrequently, don’t park on-site, or spend a lot of money at the resort. If you identify with the preceding line, you’re probably better suited to utilizing a standard cashback credit card that provides a similar return without tying your benefits to a specific resort chain.
Visa Card with Caesars Rewards
The Caesars Entertainment branded credit card allows you to accumulate reward points that can be redeemed for free casino play or comps at Caesars Rewards properties. In general, each reward point is worth one cent in comps, while particular meal alternatives may have a less favorable ratio.
Each dollar spent within a Caesars property earns 5 reward credits, 2 reward credits for airline purchases, gas, and groceries, and 1 reward credit for all other transactions.
Caesars Rewards Visa Card Key Benefits:
- After spending $750 in 90 days ($100 value), you will receive 10,000 reward credits.
- As long as you earn at least one reward credit every six months, your reward credits will not expire.
- There is no annual charge.
- After your first purchase, you will receive an automatic upgrade to Platinum Status, which includes free self-parking, a 15% discount in spas/gift shops, preferred pricing at Caesars restaurants, pre-sale access to select shows, and a complimentary buffet pass. Cardholders must spend a minimum of $5,000 each year to maintain Platinum Status in the programme.
- After spending $10,000 in a calendar year, a cardholder earns VIP status, which grants them access to VIP lines at restaurants, check-in, and the taxi queue. In addition, you’ll get access to all of Caesars Entertainment’s Las Vegas pools.
Is it a good idea for me to apply for the Caesars Rewards Visa?
If you frequently visit Las Vegas and expect to spend time and money at Caesars Rewards hotels, this card could be a good choice, as it offers 5x points (basically 5% cash back) that can be redeemed for comps and free play. Free parking at Caesars Palace, which is worth $15 per day, is a major feature of a card with no annual charge.
The perks of this card are comparable to other cashback cards on the market, with 2 points per dollar for spending on airline tickets, gas, and groceries, and 1 point per dollar for all other purchases. If self-parking isn’t important to you or you don’t spend a lot of money at Caesar’s sites, a regular cashback card that doesn’t limit your reward spending to a single brand is a better option.
The Caesars Rewards Visa, unlike its M-life counterpart, does not offer free foreign transactions. If you’re traveling abroad, leave this card at home.
Credit cards with casino loyalty logos are not for everyone’s pocketbook. In conclusion, you should think about one or both choices if you:
- Make a parking reservation in Las Vegas – Free self-parking is money in your pocket because there is no annual cost.
- Spend money on a vacation at a resort. Charges for hotel rooms, food, and items are rewarded at a healthy 3x (M life) or 5x (M life) rate (Caesars Rewards).
- Don’t mind only being able to use your points for comps and purchases at one group of hotels.
- Have a trip planned and want to earn the 10,000 point bonus ($100) from either card after fulfilling expenditure requirements.
I spend more time at Caesars Rewards properties than I do at M life, so the Caesars Rewards Visa made sense because it gave me a boost in tier status, free parking, and 5x reward credits for purchases made at one of their properties.
*We are not linked with any property’s credit card and do not get paid if you join.