The
Caesars Credit Card is a good credit card for people who frequent Caesars resorts and casinos, such as Caesars Palace, Harrah's, Tropicana, and Four Seasons. It’s worthwhile as long as you pay the bill in full every month, given that it has a
$0 annual fee and rewards but also charges a high APR.
Still, we don’t recommend this card for most people. You need
good credit, for one thing. It also encourages gambling and even gives bonus rewards on cash advances, incentivizing risky behaviors. Most people can save more with a straightforward
cash back card or a card offering bonus rewards on
travel or
dining. The
Caesars Credit Card gives bonus rewards on purchases in those categories, along with entertainment, but other cards can be more lucrative.
What I Like About the Caesars Credit Card
$0 annual fee
The
Caesars Credit Card is around
$25.22 per year less expensive than the average credit card offer. Plenty of other cards have no annual fee, however, and this card will only be free if you also avoid interest charges. Still, no annual fee beats the alternative, all else being equal.
If you’re interested in earning extra rewards in return for an annual fee, the Caesars Rewards Prestige Visa Signature Card might be more your style.
1 - 5 points per $1 spent on purchases
You get the highest rewards rate on eligible purchases made through Caesars properties. You just need to enroll in the Caesars Rewards program. Purchases made from restaurants also get bonus rewards, as do travel and entertainment expenses, but they get you far fewer points than Caesars spending.
All other purchases get you just
1 point / $1 spent. That’s about average for a rewards card right now.
Platinum status is easy to get
All you have to do to qualify for Platinum status is make a single purchase with the
Caesars Credit Card in the first 90 days your account is open. Platinum status in turn gets you benefits such as free parking, a discount of up to 15% at casino gift shops, and discounts with Norwegian Cruise Line as well as partner resorts.
Lots of opportunities to earn bonus credits
For starters, you can earn
10,000 points after spending $1,000 outside of a Caesars Rewards destination in the first 90 days. You can also get 5,000 tier credits by charging $5,000 to your card in a calendar year, plus 15,000 reward credits by spending at least $50,000 in the same time frame.
The reward credits are worth
0.3 to 1.14 cents each. The tier credits help you qualify for elite status. For context, you generally need at least 15,000 tier credits in a calendar year to qualify for Diamond status in the Caesars Rewards program.
What I Don’t Like About the Caesars Credit Card
20.24% - 34.24% (V) APR
The
Caesars Credit Card is not a low interest credit card. If you carry a balance from month to month, it will accrue interest at an annual rate of
20.24% - 34.24% (V). The maximum rate is much higher than average among credit card offers available right now – across all credit levels. Exactly how much higher than average your rate ends up being depends on your overall creditworthiness.
If you need a credit card to finance big-ticket expenses, some of the
best 0% APR credit cards have the same minimum credit score requirement as the
Caesars Credit Card.
No rewards if you’re under 21
You have to be at least 21 years old in order to earn rewards with this card. If you’re 18-20 years old and you have a good enough credit score to qualify for the Caesars Visa, you could get approved for plenty of other cards that will reward you for every purchase you make.
Rewards aren’t always that valuable
Caesars Rewards credits might only get you around
0.3 cents each, meaning you’d need more than 33,000 of them for $100 in value, if you choose the wrong redemption method. Redeeming for merchandise tends to get you the lowest value.
Rewards can expire quickly
If you don’t earn any new rewards for six months, the rewards you’ve earned but not redeemed yet will expire. Most other cards’ rewards either won’t expire as long as your account is open and in good standing or have much longer inactivity limits.
Rewards for cash advances
Sure, some rewards are better than no rewards in most cases, but if the promise of rewards contributes to you doing a cash advance and spending a lot more in interest and fees than you get back in rewards, it’s not good. When you add in a high likelihood of losing the money you withdraw in a game of chance, this feature is more fool’s gold than a real benefit.
700+ credit score recommended
The
Caesars Credit Card requires
good credit, which means you need a
700+ score for good odds of getting approved. You can
check your latest credit score for free right here on WalletHub.
Note: This review is not provided, commissioned or endorsed by any issuer. Opinions and ratings are our own.
