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Caesars Rewards Card Review: Deal for Some, No Deal for Most

Review Updated
Steven Porrello
Author: Steven Porrello
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Give to Caesar what is Caesar's -- that, in a nutshell, is the purpose of the Caesars Rewards® Visa® Credit Card. Indeed, though it's packed with bonuses and rewards, you need to be a higher spender at establishments within the Caesar Entertainment group to make this card worth choosing over other travel credit cards. If that sounds like you, let's break down what it offers and see if it deserves a place in your wallet.

Ratings Methodology

Caesars Rewards® Visa® Credit Card

Caesars Rewards® Visa® Credit Card
Rating image, 3.50 out of 5 stars.
3.50/5 Circle with letter I in it. Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor. We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
 = Best
= Excellent
= Good
= Fair
= Poor
Rating image, 3.50 out of 5 stars.
3.50/5 Circle with letter I in it. Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor. We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
 = Best
= Excellent
= Good
= Fair
= Poor
Credit Score: Circle with letter I in it. Falling within this credit range does not guarantee approval by the issuer. An application must be submitted to the issuer for a potential approval decision. There are different types of credit scores and creditors use a variety of credit scores to make lending decisions.
Recommended Credit Score required for this offer is: Good (670-850)
Credit Score Circle with letter I in it. Falling within this credit range does not guarantee approval by the issuer. An application must be submitted to the issuer for a potential approval decision. There are different types of credit scores and creditors use a variety of credit scores to make lending decisions.

Good (670-850)

Regular APR

32.24%, 27.24%, or 23.24%, variable

Rewards Circle with letter I in it. 5 reward credits for every $1 spent at Caesars Rewards resorts and casinos. 2 reward credits for every $1 spent on restaurants, travel and entertainment. 1 reward credit for every $1 everywhere else Visa is accepted and cash advances.

1x-5x reward credits

Annual Fee

$0

Welcome Offer Circle with letter I in it. Spend $1,000 outside of a Caesars Rewards destination within the first 90 days of approval to earn 10,000 Reward Credits® and 2,500 Tier Credits.

10,000 Reward Credits® and 2,500 Tier Credits

  • Earn 5 Rewards Credits at Caesar Rewards resorts and casinos, plus a chance to get multiple bonus offers within your card's first year.

    • Multiple bonus offers
    • Extra rewards for Caesar resorts and casinos
    • No annual fee
    • Lackluster bonuses
    • No intro 0% APR
    • Foreign transaction fee

Credit card comparison

We recommend comparing options to ensure the card you're selecting is the best fit for you. To make your search easier, here's a short list of standout credit cards.

Offer Our Rating Welcome Offer Rewards Program APR Learn More
Rating image, 5.00 out of 5 stars.
5.00/5 Circle with letter I in it. Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor. We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
 = Best
= Excellent
= Good
= Fair
= Poor
Best for cash back on rotating categories 		Discover will match all the cash back you’ve earned at the end of your first year. 1% - 5% Cashback Circle with letter I in it. Earn 5% cash back on everyday purchases at different places you shop each quarter like grocery stores, restaurants, gas stations, and more, up to the quarterly maximum when you activate. Plus, earn unlimited 1% cash back on all other purchases.

Intro:

Purchases: 0%, 15 months

Balance Transfers: 0%, 15 months

Regular: 18.24% - 27.24% Variable APR

Apply Now for Discover it® Cash Back

On Discover's Secure Website.

Rates & Fees External Link Icon

Rating image, 5.00 out of 5 stars.
5.00/5 Circle with letter I in it. Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor. We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
 = Best
= Excellent
= Good
= Fair
= Poor
Best for cash rewards on everyday spending 		$200 cash rewards Circle with letter I in it. Earn a $200 cash rewards bonus after spending $500 in purchases in the first 3 months. 2% cash rewards Circle with letter I in it. Earn unlimited 2% cash rewards on purchases.

Intro: Circle with letter I in it. 0% intro APR for 12 months from account opening on purchases and qualifying balance transfers

Purchases: 0% intro APR, 12 months from account opening

Balance Transfers: 0% intro APR, 12 months from account opening on qualifying balance transfers

Regular: 19.24%, 24.24%, or 29.24% Variable APR

Apply Now for Wells Fargo Active Cash® Card

On Wells Fargo's Secure Website.

Rates & Fees External Link Icon

Rating image, 4.00 out of 5 stars.
4.00/5 Circle with letter I in it. Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor. We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
 = Best
= Excellent
= Good
= Fair
= Poor
Best for unlimited rewards on purchases 		25,000 points Circle with letter I in it. 25,000 online bonus points after you make at least $1,000 in purchases in the first 90 days of account opening - that can be a $250 statement credit toward travel purchases 1.5 points per dollar Circle with letter I in it. Earn unlimited 1.5 points per $1 spent on all purchases, with no annual fee and no foreign transaction fees, and your points don't expire as long as your account remains open.

Intro: Circle with letter I in it. 0% Intro APR for 15 billing cycles for purchases. 0% Intro APR for 15 billing cycles for any balance transfers made in the first 60 days. After the intro APR offer ends, 18.24% - 28.24% Variable APR on purchases and balance transfers will apply. A 3% fee for 60 days from account opening, then 4% fee applies to all balance transfers.

Purchases: 0% Intro APR for 15 billing cycles for purchases

Balance Transfers: 0% Intro APR for 15 billing cycles for any balance transfers made in the first 60 days

Regular: 18.24% - 28.24% (Variable)

Apply Now for Bank of America® Travel Rewards credit card

On Bank of America's Secure Website.

Full Caesars Rewards Card review

This credit card is a good fit for: Caesar loyalists who play frequently at its casinos, stay at its hotels or resorts, and have a large annual spending there.

Top perks

For those who play or stay frequently at Caesar resorts and casinos, this credit card has a few bonuses for you. Here's how the perks break down.

Rewards program built for Caesar loyalists

It's no secret: the Caesars Rewards® Visa® Credit Card will reward you most when you use it to cover spending at Caesar establishments. Here's how the earning rates break down.

  • 5x Rewards Credits per $1 spent at Caesars Rewards resorts and casinos
  • 4x Rewards Credits per $1 at participating Caesar Rewards Dining restaurants
  • 2x Rewards Credits per $1 spent on restaurants, travel, and entertainment
  • 1x Reward Credit per $1 spent everywhere else
  • 1x Reward Credit per $1 spent on cash advances

That last rate is unique. Most rewards credit cards don't earn extra rewards on cash advances. While we don't encourage cash advances on credit cards (more on that below), earning rewards could offset some of the costs if you absolutely must use your credit card to withdraw cash.

Multiple welcome bonuses

The Caesars Rewards® Visa® Credit Card offers new cardholders two distinct bonuses.

  • Earn 10,000 Reward Credits® and 2,500 Tier Credits when you spend $1,000 outside of Caesars Rewards destinations within the first first 90 days of getting approved for the card.
  • Earn 2,500 Tier Credits and Upgrade to Platinum Status when you use your card once outside of Caesar Rewards destinations within 90 days of getting approval. Platinum Status comes with complimentary valet service and 15% off at participating casino gift shops.

Ongoing annual bonuses

In addition to the welcome bonus, this card also has two bonuses available to cardholders annually.

  • 5,000 Tier Credits when you spend $5,000 within a calendar year. This would automatically give you Platinum Status.
  • 15,000 Rewards Credits when you spend $50,000 within a calendar year.

What could be improved

Despite its perks, this card falls short in several key areas.

Ridiculously low bonuses

For a card that's built for high rollers, its bonuses are a little wimpy. In fact, among other travel credit cards we've reviewed, this card's welcome bonus is about as low as you can get.

The value of your Rewards Credits will depend on how you use them, but you'll typically get $1 in value for every 100 to 300 RCs you redeem. That means, your 10,000 RC bonus could bring you about $33.33 to $100. That's nothing special, especially when compared with the rewards on other hotel credit cards.

Rewards you for cash advances

As mentioned above, this card will give you 1 RC for every $1 you withdraw on a cash advance. While it's unusual for credit cards to earn rewards in this way, the perk isn't so glamorous when you consider the card's egregious APR for cash advances, which can be as high as 33.24%. This is the interest you'll pay from the moment you withdraw cash with your card (there's no grace period) and could easily wipe out any rewards you earn.

On top of that, you'll also pay a cash advance fee equal to $5 or 3% of the amount withdrawn, whichever is greater.

It's important to keep this in mind, using your credit card to withdraw cash can be expensive and is generally unwise. Weigh the cons carefully before you use a credit card to get cash, as it could leave you with more debt than rewards.

Tier credits reset each year

The card may give you automatic Platinum Status when you spend $0.01 within the first 90 days. But keep in mind that your status resets on Jan. 1 of every year. The best way to maximize your Platinum Status, then, would be to apply for this card at the beginning of a calendar year.

Rewards Credits expire

To keep your Rewards Credits fresh, you have to use your Caesars Rewards® Visa® Credit Card at least once every six months. If you don't, your entire RC balance will be erased.

Foreign transaction fee

If you use this card outside the U.S., you'll pay a foreign transaction fee equal to 3% of each transaction in U.S. dollars.

Suggested credit score

You should aim to have good credit (or a FICO® Score of at least 670) if you want a chance at getting the Caesars Rewards® Visa® Credit Card. That said, approval isn't based solely on your credit score. Your full credit profile and income will also be analyzed. So even if you have excellent credit -- but have had multiple hard inquiries recently -- there's still a slight chance you could be denied.

The Caesars Rewards Card is right for you if:

  • You play or stay frequently at Caesar casinos or resorts.
  • You would rather earn Rewards Credits on your spending than cash back or miles.

Our credit card methodology

At Motley Fool Money, we rate credit cards on a five-star scale (1 = poor, 5 = best). Our rating criteria includes rewards rates, welcome bonuses, fees, and perks like travel credits and 0% intro APR offers to evaluate our ratings.

We combine these factors with an evaluation of brand reputation and customer satisfaction to ensure you're getting the best card recommendations. Learn more about how Motley Fool Money rates credit cards.

FAQs

  • Rewards Credits are comps you can use toward rooms, food, shopping outlets, and other purchases at Caesar Rewards resorts and casino. Tier Credits apply toward your status within Caesar's rewards program (Gold, Platinum, Diamond, or Seven Stars).

  • No, it doesn't. That said, if you spend $5,000 on your Caesars Rewards® Visa® Credit Card within a calendar year, you'll automatically get Platinum Status.

  • They're the same rewards program. Caesar Rewards replaced Total Rewards in 2019.