Caesars Rewards has launched a new credit card as an alternative to its no annual fee card. Called the Caesars Rewards Prestige Visa Signature card, it comes with a $149 annual fee. In exchange, you get a $100 dining credit, $50 of slot play, a free night at renewal (worth up to $300) and the ability to spend your way to Diamond status.
The Offer & Key Card Details
| Card Offer and Details |
|---|
 ⓘ $105 1st Yr Value Estimate$50 slot play valued at $25, $100 dining credit at Caesars Rewards destinations valued at $50 Click to learn about first year value estimates 20K Reward Credits + 2.5K Tier Credits Non-AffiliateThis is NOT an affiliate offer. We always present the best offer even when it means less revenue for Frequent Miler Earn 20K Reward Credits and 2.5K Tier Credits after $1K spend outside of a Caesars Rewards destination within the first 90 days of account opening.$149 Annual Fee Information about this card has been collected independently by Frequent Miler. The issuer did not provide the details, nor is it responsible for their accuracy. FM Mini Review: The anniversary free night, $50 slot play, $100 dining credit, Platinum status and ability to earn Diamond status with $50k spend make this a very interesting card for those who frequent Caesars Rewards locations Earning rate: 7 points per $1 at Caesars Rewards locations ✦ 2 points per $1 on dining, travel and entertainment ✦ 1 point per $1 on all other purchases ✦ 1 point per $1 on cash advances Base: 1X (1%) Flights: 2X (2%) Hotels: 2X (2%) Other Travel: 2X (2%) Dine: 2X (2%) Brand: 7X (7%) Other: 2X (2%) Card Info: Visa Signature issued by Comenity. This card has no foreign currency conversion fees. Big spend bonus: 2.5K Tier Credits after $5K spend in calendar year ✦ 2.5K Tier Credits after $10K spend in calendar year ✦ 15K Tier Credits after $50K spend in calendar year (i.e. Diamond status) Noteworthy perks: $50 slot play at Caesars Rewards destinations ✦ $100 dining credit at Caesars Rewards destinations ✦ 1 complimentary hotel night (anniversary bonus) at Caesars Rewards destinations (up to $300) ✦ Platinum status upgrade when using card within first 90 days of approval ✦ 2,500 Tier Credits when making a purchase outside of Caesars Rewards destinations within first 90 days of approval |
Quick Thoughts
We value Caesars Rewards Reward Credits at a penny per point, so a 20,000 Reward Credits welcome offer is only worth $200. Compared to the $149 annual fee, that’s not much upside on the face of it. However, for Caesars Rewards loyalists, or those who might be interested in becoming loyalists, this card has a few features that could make it worthwhile.
For starters, the card comes with Platinum status after your first purchase outside of Caesars. That’s not the most amazing status level, but it does come with one free night in Atlantic City, Lake Tahoe, Las Vegas, Laughlin or Reno for every 5,000 Tier Credits earned in 2025 (up to seven nights), complimentary valet and self-parking at many Caesars Rewards locations and more.
In addition to Platinum status, you get $50 slot play and a $100 dining credit each year. If you value both of those as good as cash, they offset the $149 annual fee. At renewal you get a complimentary hotel night for a night worth up to $300 which, in combination with the slot play and dining credit, will make it a keeper card for many people.
If you’re interested in spending your way to status with Caesar Rewards, this could be the card for you. You earn 2,500 Tier Credits as part of the welcome offer after spending $1,000 within 90 days of opening your account. After spending $5,000 in a calendar year, you earn another 2,500 Tier Credits. At $10,000 of spend in a calendar year, you pick up another 2,500 Tier Credits. Spend $50,000 in a calendar year and you’ll be boosted with an additional 15,000 Tier Credits.
That means that if you spend $50,000 in your first calendar year, you’ll earn a total of 22,500 Tier Credits which is sufficient to earn Diamond status as that’s awarded at 15,000 Tier Credits. It’s also only 2,500 Tier Credits away from the 25,000 you need for Diamond Plus status. In subsequent years, $50,000 of spend will net you a total of 20,000 Tier Credits as it won’t include the 2,500 from the welcome offer. Still, that puts you well on your way to Diamond Plus status again.
In terms of bonused categories, you earn 7x at Caesars locations, 2x on dining, travel, and entertainment, along with 1x everywhere else. Interestingly, both this new Prestige credit card and the existing no annual fee card come with the ability to earn 1x Reward Credits on cash advances. The Prestige card has no cash advance fees, which might make that option sound enticing.
However, there are a couple of important things to be aware of with cash advances at Caesars. One is that although there are no cash advance fees, you will have to pay interest on the transaction. Those interest charges – that’ll presumably start the day of the transaction – will therefore likely more than offset the 1x earnings. However, if you’re able to overpay your bill with Comenity (the issuing bank) ahead of time, perhaps it’ll be possible to earn 1x without there being any interest charges. I’ve no idea if that’s how it’ll work though, so test that out at your own risk and bear in mind that Comenity might not look kindly on that done at scale, which could lead to your card being shut down.
The other thing to be aware of is that cash advances don’t count towards spend for Tier Credits, nor meeting the minimum spend requirement for the welcome offer. That means you can’t just run $50,000 of cash advances to earn Diamond status.
The FAQs for the cards state that you can’t have both the new Caesars Rewards Prestige card and the original no annual fee card. If you already have that no annual fee card, you’ll need to either close that or see if they’ll let you upgrade it to the Prestige card if you’re interested in it. Upgrading will presumably mean you’d forgo the welcome offer of 20,000 Reward Credits and 2,500 Tier Credits, so closing and applying for the Prestige card will be better if you want to earn that bonus.
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does anyone know if credit card spend to get those tier credits count towards the free night for every 5000 tier credits?
They haven’t written on this Rigo.
My guess is you ask them, you’ll get “no”, but that in practice, it will work that way. My understanding is that it always worked for tier credits earned by the no-fee card. And it would be a more complicated IT problem to sort out the card-eared tier credits from other credits.
Thanks for covering Stephen.
At first glance this card is comparable to the MGM’s recently launched premier card, but with a lower fee and $100 dining vs their $200 resort fee credit.
I do have a data point (and potential warning) for others that might be considering tossing in an application.
Logging into my Ceasars account, I was given a popup saying I was pre-approved for this card or the no-fee card, and would I like to “accept the offer”. That’s the first time this has happened in years of holding Diamond or better. Holding Diamond Plus and recently having stayed at Ceasars Palace in Vegas, I thought they might actually have been serious about the preapproval. So I “accepted”.
They immediately pulled Equifax (I’m in North Carolina), and then said they’d write in 10-14 days–which I assume will be a denial. Sigh. If that’s right, I’ll have to see whether Comenity offers any kind of reconsideration. Will report back either way for others who might be interested.