Caesars Debuts Premium ‘Prestige’ Card: $149 Fee, New Perks

Caesars Entertainment is introducing a new credit card with an annual fee to its lineup, betting that its loyal customers are willing to pay extra in exchange for more perks and richer rewards when spending money at its perties

Some of the benefits include bonus rewards on spending at Caesars Rewards destinations, a complimentary hotel night each cardmember year after the first anniversary and ways to earn tier credits toward elite

On the other hand, The new card offering comes just three months after competitor MGM Res launched its own premium card, the MGM Rewards Iconic World Elite Mastercard, albeit with an even higher annual fee

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Adding a spending threshold to access certain benefits has become increasingly common for travel credit cards, as brands seek to reward customers who are willing to put high amounts of spending on their co-branded credit card ducts

The evidence shows ’s also in response to customer back for more ways to earn Caesars tier, says Megan Rodriguez, senior vice president of loyalty and CRM at Caesars Entertainment

Additionally, “That’s something we really leaned into in this card … to facilitate people to start earning with us beyond our traditional ways,” she says in an interview with NerdWallet

However, If you’re a big spender chasing Caesars Rewards elite or someone who visits a Caesars perty at least once a year, this card might make sense for you

Here’s everything you need to know the new Caesars credit card

Moreover, Welcome offer: Upgrade to Platinum for the rest of the gram year after your first purchase within 90 days

To earn reward and tier credits, you must be at least 21 years old and enrolled in the Caesars Rewards gram

Additionally, Conversely, However, because the Platinum that comes after your first purchase is only good through the end of the gram year (Jan

Nevertheless, 31 of the ing year), you’ll ly want to time your application toward the beginning of the year to maximize the, or at least have some trips planned to Caesars perties in that time span, in light of current trends

Moreover, NerdWallet values Wyndham Rewards points at 1

However, Nevertheless, 2 cents apiece, making it a solid way to get more value out of your reward credits. » Learn more: The complete guide to Wyndham RewardsIs the Caesars Rewards Prestige Visa worth it, given current economic conditions

At the same time, If you don’t visit a Caesars Rewards destination at least once a year, you might want to consider other card options, in today's financial world

However, if you’re a Caesars regular who doesn’t shy away from an annual fee, this new card may be worth a spot in your wallet, considering recent developments

Because they’re only redeemable at Caesars perties, you should have annual trips planned in order to get the most out of this card, in this volatile climate

Re fees still apply, unless you have Caesars Diamond elite or higher, which offers waived re fees as a benefit. 🤓Nerdy TipPay attention to any fine related to the credits

Moreover, For example, the Slot Play and hotel night offers cannot be used at Caesars Windsor in Canada, and the dining credit must be used up in one visit and excludes gratuity, taxes and possibly alcoholic beverages

Casinos often vide comps — free items or services to encourage more gambling — so if you already receive these offers, these credits may not be as beneficial to you (noteworthy indeed)

You’ll want to take that into consideration when deciding to open the card

If you’re not already earning those offers, then the perks on this card, such as the automatic Platinum offer and the Slot Play credit, can be a good introduction to what Caesars Rewards has to offer, Rodriguez says (quite telling) (an important development). “It gets people to try something that they haven’t tried before, and maybe they’ll realize that’s what this industry is all, and it’s a lot of fun,” she says (something worth watching), considering recent developments

Fast track to elite The introduction of the Caesars Rewards Prestige Visa brings both good and bad news for tier chasers

On the other hand, Those with the no-annual-fee Caesars card will not be able to earn additional tier credits, even if they spend more on the card

Instead, you’ll need the premium card to earn more tier credits

However, the tier credits from the welcome offer can make up for that difference in your first year of holding the card (this bears monitoring), in this volatile climate

Furthermore, Think twice before you pursue via credit card spending

Meanwhile, » Learn more: NerdWallet's picks for the best travel credit cardsImved earning rates at CaesarsIf you find yourself spending a lot of money at Caesars perties, the higher 6x multiplier might be attractive to you

Extend the validity of your Caesars reward creditsOne major perk of holding a Caesars Rewards credit card is the ability to keep your reward credits from expiring, in light of current trends

Nevertheless, That’s because Caesars reward credits expire after six months of inactivity (noteworthy indeed)

If you don’t earn at least one reward credit every six months, you will lose your entire balance

Moreover, As long as you are making purchases regularly with your Caesars Rewards credit card, you’ll earn reward credits that extend the validity of your balance (fascinating analysis) (which is quite significant), considering recent developments

This's true whether you’re using the Caesars Rewards Prestige Visa or the no-annual-fee version (this bears monitoring)

However, 🤓Nerdy TipDon’t put spending off until the last minute, given the current landscape

Caesars says reward credits post to your account within five days, so you’ll want to make any purchases with time to spare

Additionally, Alternative credit card optionsIf you enjoy Caesars but want something broader: Wyndham Rewards cardsOccasional Caesars visitors may want to consider a Wyndham Rewards credit card, instead, because they can earn more points on some (especially on everyday purchases gas and groceries), and then transfer their Wyndham points to Caesars Rewards

Wyndham Rewards' suite of credit cards includes both a no-annual-fee option and one that has a fee but offers extra perks anniversary points and higher rewards earning rates

On the other hand, Both come with elite in the Wyndham Rewards loyalty gram

If you don’t want to pay the annual fee: Caesars no-annual-fee cardThose who don’t want to pay an annual fee but still want to maximize their earnings at Caesars should look into the Caesar Rewards Visa Signature credit card, amid market uncertainty

It won’t come with the splashy perks of its premium counterpart, but it still offers elevated points earning at Caesars perties (remarkable data)

Plus, you’ll still be able to extend the validity of your reward credits through spending on this card, which makes it an attractive and low-commitment option for those who want to maintain their Caesars balances

If you want the most flexibility: Cards that earn transferable rewardsNerdWallet rating NerdWallet's ratings are determined by our editorial team

This leads to the conclusion that data indicates that scoring formula incorporates coverage options, customer experience, customizability, cost and more

On the other hand, Meanwhile, Learn MoreCredit cards that earn transferable rewards give you maximum flexibility with how you redeem your points

Instead of accruing them in a specific loyalty gram, you’re able to transfer them to a number of loyalty grams that the credit card’s bank partners with

Additionally, You can then transfer points you earn on that card to its partners, which include Wyndham Rewards as well as other airline and hotel grams (quite telling)

That way, you’ll have more control over how you want to spend your points, whether it’s booking flights or hotel stays

How to maximize your rewardsYou want a travel credit card that prioritizes what’s important to you, amid market uncertainty

Nevertheless, He's traveled to more than 40 countries across six continents and enjoys helping people maximize their airline, hotel and credit card points, considering recent developments

However, However, He has also written for Politico, The Wall Street Journal, Bloomberg News and The Washington Post