MGM Resorts is rolling the cube on a shiny new bank card with an annual price: the MGM Rewards Iconic World Elite Mastercard. The cardboard will begin accepting purposes on April 17, 2025. That’s thrilling information for individuals who spend so much within the MGM ecosystem, which incorporates well-known properties like the Bellagio Las Vegas. However informal guests are possible higher off wanting elsewhere.
Issued by the First Nationwide Financial institution of Omaha, the model new card comes with an annual price of $249. In alternate, cardholders will get entry to a yearly $200 resort credit score, sooner methods to earn MGM factors and tier standing, and a press release credit score for World Entry or TSA PreCheck each 4 years — a perk generally discovered with different journey bank cards.
A choose group of MGM cardholders will likely be invited to improve to the cardboard and obtain a limited-edition premium steel veneer card. New candidates also can obtain the limited-edition card, whereas provides final.
MGM Rewards Iconic World Elite Mastercard: What it affords
(Picture courtesy of MGM Resorts)
Welcome provide: Spend $5,000 within the first three billing cycles and obtain 40,000 bonus factors and 10,000 tier credit.
6 factors and 6 tier credit per $1 spent at MGM Rewards locations.
2 factors and a pair of tier credit per $1 spent at motels, eating, gasoline stations and grocery shops.
1 level and 1 tier credit score per $1 of BetMGM deposits.
1 level and 1 tier credit score per $1 spent on all different purchases.
$200 resort credit score upon account opening and yearly on the cardboard anniversary.
Complimentary MGM Rewards Pearl standing (MGM’s most simple degree of elite standing).
Earn a complimentary night time (as much as a $250 worth) in your card anniversary after spending $25,000 in a yr.
Earn a ten,000 tier credit score bonus in your card anniversary after spending $25,000 in a yr. (You’d must earn 75,000 tier credit to succeed in Gold standing, the extent above Pearl. Tier credit are earned by spending at MGM Rewards locations.)
As much as $120 in World Entry or TSA PreCheck assertion credit each 4 years.
Precedence lodge check-in at MGM properties.
Precedence Move lounge membership (charged at $35 per go to).
No overseas transaction charges.
🤓Nerdy Tip
MGM bank cards earn MGM Mastercard factors, that are value 1 cent per level. These factors could be transformed to MGM Rewards factors redeemable for lodge stays, eating, leisure and extra at MGM locations. You may also use them as Slot {Dollars} for FreePlay at collaborating slot machines.
In comparison with welcome affords on different playing cards with comparable annual charges, this one is comparatively low for the quantity of spend required. Whereas it’s good to have, don’t make it the rationale you get the cardboard. Those that improve to the brand new card from MGM’s current no-annual-fee bank card can have their annual price waived for the primary yr, however they won’t obtain any bonus factors.
MGM additionally companions with Marriott Bonvoy, permitting you to switch between the 2 loyalty currencies at a price of 10 MGM Rewards factors to eight Marriott Bonvoy factors. As a result of MGM Rewards factors are value 1 cent per level, you’d really lose worth by transferring your MGM factors, as NerdWallet values Marriott Bonvoy factors at 0.9 cent per level.
Is the MGM Rewards Iconic World Elite Mastercard value it?
In case you’re an enormous spender at MGM, this card could possibly be match on your pockets. It offers you the power to unlock perks like a free night time and a ten,000 tier credit score bonus after spending $25,000 in a calendar yr. Plus, the annual $200 resort credit score helps make up for a major chunk of the annual price.
One potential draw back: There’s no approach to redeem this credit score on-line. You’ll want to go to the MGM Rewards desk of the resort the place you’re staying and ask them to use it.
In comparison with MGM’s entry-level card with no annual price, the MGM Rewards Iconic World Elite Mastercard affords extra advantages and permits you to earn factors and tier credit twice as quick for spending at MGM Rewards locations and on motels and eating. That goes a good distance should you’re chasing Gold and Platinum tier standing.
The automated MGM Pearl elite standing advantages embrace free self-parking at collaborating areas and Marriott Bonvoy Silver Elite standing after linking account, however you’ll get the identical elite standing advantages with the no-annual-fee MGM card.
Whether or not this card is smart for additionally, you will rely on what journey bank cards you already maintain, as a few of the MGM Rewards Iconic World Elite Mastercard’s advantages overlap with perks from different playing cards, such because the World Entry or TSA PreCheck credit score. And whereas the cardboard comes with a Precedence Move membership, it’s essentially the most fundamental model that doesn’t include any complimentary lounge visits. As a substitute, every go to will price you $35.
Different playing cards
In case you spend so much at Marriott, not simply MGM: A Marriott card
In case you take pleasure in staying at MGM properties however aren’t taken with indulging your self on the on line casino flooring, a Marriott Bonvoy bank card is perhaps a greater match for you. Due to the MGM-Marriott partnership, you possibly can redeem Marriott Bonvoy factors for stays at eligible MGM properties.
For instance, the Marriott Bonvoy Bevy™ American Specific® Card, which has a $250 annual price (see charges and charges), earns 6 Marriott Bonvoy factors per $1 spent at Marriott properties and grants you Marriott Bonvoy Gold Elite standing. Be aware that it doesn’t include any assertion credit to offset the annual price. Nevertheless, it does include a useful welcome provide: Earn 155,000 Marriott Bonvoy bonus factors after you utilize your new Card to make $5,000 in purchases throughout the first 6 months of Card Membership. Phrases Apply.
In case you like MGM, however not the annual price: MGM Rewards Mastercard
For many who don’t spend so much however would favor MGM elite perks over Marriott’s, take into account the MGM Rewards Mastercard, which additionally comes with complimentary Pearl standing regardless of having no annual price. Plus, Slot {Dollars} and MGM Rewards factors gained’t expire attributable to inactivity.
In case you don’t wish to be tied to at least one model: Playing cards with transferable factors
Informal Las Vegas guests will possible have higher luck with a bank card that earns transferable rewards, which affords extra flexibility with how you should utilize your factors. With transferable factors, you possibly can transfer your factors to plenty of associate airline and lodge loyalty packages.
As an example you’re visiting a metropolis the place it’s cheaper to e-book the Hyatt property than the Marriott. In case you had transferable factors, you possibly can transfer your factors to Hyatt and e-book your keep; should you had Marriott factors, then you definitely’re out of luck with the Hyatt. (If incomes MGM factors is essential to you, needless to say MGM Rewards doesn’t have every other switch companions moreover Marriott Bonvoy.)
