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.
Issued by Bread Financial’s Comenity Bank, the Caesars Rewards Prestige Visa Signature credit card will carry a $149 annual fee and offer on-perty benefits that Caesars says are worth up to $450 in annual value.
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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One of the most notable benefits of the Caesars Rewards Prestige Visa is the ability for cardholders to spend their way to Caesars Rewards’ high-level Diamond tier by charging $50,000 a year to their card.
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. Caesars Rewards Prestige Visa Signature Credit Card: What it offersAnnual fee: $149.
Moreover, Welcome offer: Upgrade to Platinum for the rest of the gram year after your first purchase within 90 days.
Additionally, Additionally, earn 2,500 tier credits after your first purchase outside of Caesars Rewards destinations within 90 days.
Plus, earn 20,000 reward credits and 2,500 more tier credits after spending $1,000 outside of Caesars Rewards destinations within 90 days.
Rewards: 6 reward credits per $1 spent at Caesars Rewards destinations.
All Caesars Rewards members earn 1 reward credit per $1 spent at Caesars perties, so cardholders earn a total of 7 reward credits per $1 spent in this category.
Nevertheless, 2 reward credits per $1 spent on restaurants, travel and entertainment. Meanwhile, 1 reward credit per $1 spent everywhere else and on cash advances.
Additional benefits:Complimentary hotel night (up to $300 in value), starting after your first cardholder anniversary. $100 dining credit at Caesars Rewards destinations.
$50 in Slot Play at Caesars Rewards destinations. Spending bonuses:Earn 2,500 tier credits after spending $5,000.
Earn an additional 2,500 tier credits after spending $10,000 (which is quite significant). Earn an additional 15,000 tier credits after spending $50,000.
🤓Nerdy TipCaesars reward credits can be redeemed in a number of ways, such as at Caesars perties for hotel rooms, dining, entertainment and free play, but there isn’t a consistent redemption value.
For the best redemptions, look for venues that let you redeem your credits at 100 reward credits for $1 of comp value.
Market analysis shows three-part welcome offer on the card won’t wow anyone, but the minimum spending requirement is also relatively low at $1,000 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.
Meanwhile, One upside to Caesars Rewards is its partnership with Wyndham Rewards, allowing you to transfer up to 30,000 points each year between the two grams at a ratio of 1 Caesars Rewards reward credit to 1 Wyndham Rewards point.
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.
Here are some reasons why the annual fee might be worth it for some Caesars enthusiasts:Perks that pay for the annual feeThe Caesars Rewards Prestige Visa offers credits that are worth $450 — more than triple the annual fee — but their actual value depends on whether you use them, in light of current trends.
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.
For example, some of the card’s perks include annual benefits $50 in Slot Play and a $100 dining credit at participating restaurants.
After your first cardholder anniversary, you’ll also get a complimentary hotel night each year worth up to $300 in value.
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.
Previously, those with a no-annual-fee credit card from Caesars could spend $5,000 on the card in a calendar year and earn 5,000 tier credits — enough to qualify for Caesars Platinum, in today's financial world.
Effective Jan (which is quite significant), given current economic conditions.
1, 2026, that number will be halved to 2,500 tier credits for $5,000 in spending, matching the offering on the Caesars Rewards Prestige Visa.
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.
Furthermore, You’ll earn an additional 2,500 tier credits after spending $10,000 and an extra 15,000 tier credits after spending $50,000.
That means you’ll be able to reach Diamond (15,000 tier credits required) through credit card spending alone, which wasn’t possible before.
Conversely, If you max out the tier credits earned from spending, that would give you 20,000 tier credits, 5,000 short of Diamond Plus, given current economic conditions.
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.
However, Charging $50,000 on any credit card is a tall order, especially when you might be able to earn more rewards with a different credit card.
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.
Moreover, That’s 50% higher than the 4x multiplier offered on the no-annual-fee credit card (an important development).
(Keep in mind these multipliers are on top of the 1 reward credit per $1 you earn as a Caesars Rewards member.
Furthermore, )However, both cards earn 2 reward credits per $1 spent on restaurants, travel and entertainment, as well as 1 reward credit per $1 spent elsewhere.
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, » Learn more: 6 reasons transferable points are worth moreFor example, the Citi Strata Premier® Card has a $95 annual fee and allows you to earn 3 Citi ThankYou points per $1 spent on air travel, hotels, restaurants, super and gas.
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.
On the other hand, Here are some of the best travel credit cards of 2025:Flexibility, point transfers and a large bonus: Chase Sapphire Preferred® CardNo annual fee: Wells Fargo Autograph® Card Flat-rate travel rewards: Capital One Venture Rewards Credit CardBonus travel rewards and high-end perks: Chase Sapphire Reserve® Luxury perks: The Platinum Card® from American Express travelers: Ink Preferred® Credit Card the authorBenjamin DinBenjamin is a travel writer at NerdWallet, in today's market environment.
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. See full bio.