The MGM Rewards Mastercard, issued by the First Nationwide Financial institution of Omaha, might help you rack up factors whenever you pay for stays, eating and extra at MGM properties. Nonetheless, the chances are usually not in your favor. The cardboard’s choices are primary, and with simply over 30 MGM resort and gaming locations globally, you’ll should be a real MGM loyalist to see any actual worth.
Beforehand often called the M Life Mastercard, the MGM Rewards card has no annual price and no overseas transaction charges. Cardholders obtain complimentary Pearl elite standing with the MGM Rewards program (see perks of that standing beneath), and rewards by no means expire so long as the cardboard is open. Although that will sound like hitting the jackpot, most individuals will do higher with a common journey or cash-back rewards card.
Listed below are 5 issues to know concerning the MGM bank card.
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1. Rake in rewards factors and tier credit
The MGM Rewards loyalty program is comparatively easy. Spending cash on stays, eating, procuring and playing at qualifying MGM properties will earn members MGM Rewards factors and tier credit. Factors are price 1 cent every and could be earned by all MGM Rewards members, even these with out the MGM Rewards card. Tier credit are used to earn elite standing within the MGM Rewards program.
Spending on the MGM Rewards bank card earns what are known as “MGM Mastercard Factors” in addition to tier credit. MGM Mastercard Factors could be redeemed for MGM Rewards factors or Slot {Dollars} (credit on slot machines). Cardholders will earn:
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3x MGM Mastercard Factors and tier credit per $1 spent at eligible MGM properties.
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2x MGM Mastercard Factors and tier credit per $1 spent on gasoline and grocery store purchases.
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1x MGM Mastercard Level and tier credit score per $1 spent on every part else.
If you happen to spend some huge cash at MGM Resorts, the MGM bank card is an efficient strategy to rack up factors. However these factors are inherently limiting as a result of they are often redeemed solely at MGM properties.
A greater choice is likely to be a card that earns versatile rewards or money again that can be utilized wherever. The Capital One SavorOne Money Rewards Credit score Card earns 3% money again on eating, leisure, streaming and grocery retailer purchases. There’s no annual price, and money again can be utilized for something you need. New candidates can even seize the next introductory supply: Earn a one-time $200 money bonus after you spend $1,000 on purchases inside the first 3 months from account opening.
2. Earn computerized Pearl standing
Holders of the MGM Rewards bank card will earn computerized Pearl standing within the MGM Rewards program. This comes with free self-parking at MGM properties, a ten% Slot Greenback incomes bonus and a assure that your rewards won’t ever expire. It might usually take 20,000 tier credit to attain Pearl standing.
If elite standing is what you’re after, there are a number of loyalty applications which have a reciprocal settlement with MGM. For instance, you will get Pearl standing with MGM by matching your Discoverist standing within the World of Hyatt program. World of Hyatt Credit score Card holders routinely get Discoverist standing, so you would apply for that card as a substitute and match your standing to routinely qualify as a Pearl elite. Hyatt has considerably extra properties than MGM, and the reciprocal settlement means that you can use World of Hyatt factors for MGM stays. New cardholders additionally qualify for the next sign-up bonus: Earn 30,000 Bonus Factors after you spend $3,000 on purchases in your first 3 months from account opening. Plus, as much as 30,000 Extra Bonus Factors by incomes 2 Bonus Factors complete per $1 spent within the first 6 months from account opening on purchases that usually earn 1 Bonus Level, on as much as $15,000 spent.
3. Take pleasure in precedence resort check-in
The MGM Rewards Mastercard provides you entry to an unique check-in line at MGM Resorts. If you happen to’re arriving throughout a busy interval of the day, this could save time and assist you to get to your room (or the on line casino) sooner.
4. Snag a modest sign-up bonus
As of this writing, the MGM Rewards bank card comes with a sign-up bonus of 10,000 MGM Rewards Factors (price $100) whenever you spend $1,000 within the first three months. Rewards could be redeemed for resort bookings, eating and leisure at eligible MGM Rewards properties — simply current your MGM Rewards quantity to make use of factors whenever you pay your invoice.
Although $100 is a good sign-up bonus, it’s not one of the best you are able to do. The Wells Fargo Autographâ„ Card provides the next new cardholder bonus: Earn 20,000 bonus factors whenever you spend $1,000 in purchases within the first 3 months – that is a $200 money redemption worth. There’s no annual price, and you’ll earn 3x factors on journey, eating, gasoline, transit, telephone plans and streaming providers. If you happen to’re trying to finance an enormous buy, that card additionally comes with the next introductory rate of interest supply: 0% intro APR on Purchases for 12 months, after which the continued APR of 19.99%, 24.99%, or 29.99% Variable APR.
5. Keep away from overseas transaction charges
You need to use your MGM Rewards Mastercard outdoors the U.S. with out worry of racking up extreme charges as a result of the cardboard has no overseas transaction charges. And since the cardboard is a Mastercard, will probably be broadly accepted all through the world. Meaning you need to use your card overseas and earn bonus rewards throughout a visit to the MGM resorts in China or Japan.