MGM Resorts is introducing a new credit card with an annual fee: the MGM Rewards Iconic World Elite Mastercard. This card will be available for applications starting on April 17, 2025. It is designed for individuals who frequently spend within the MGM ecosystem, including popular locations like the Bellagio Las Vegas. However, for occasional visitors, there may be better options to consider.
Issued by the First National Bank of Omaha, the MGM Rewards Iconic World Elite Mastercard comes with a $249 annual fee. In return, cardholders will receive benefits such as a $200 resort credit annually, accelerated MGM points and tier status earnings, and a statement credit for Global Entry or TSA PreCheck every four years – a common perk among travel credit cards.
A select group of existing MGM cardholders will have the opportunity to upgrade to this new card and receive a limited-edition premium metal veneer card. New applicants can also obtain this limited-edition card while supplies last.
The card offers a welcome offer of 40,000 bonus points and 10,000 tier credits after spending $5,000 in the first three billing cycles. Cardholders can earn 6 points and 6 tier credits per $1 spent at MGM Rewards destinations, 2 points and 2 tier credits per $1 spent at hotels, dining, gas stations, and grocery stores, 1 point and 1 tier credit per $1 of BetMGM deposits, and 1 point and 1 tier credit per $1 spent on all other purchases.
Additional benefits include a $200 resort credit upon account opening and annually on the card anniversary, complimentary MGM Rewards Pearl status, a complimentary night after spending $25,000 in a year, and a 10,000 tier credit bonus after spending $25,000 in a year. The card also provides up to $120 in Global Entry or TSA PreCheck statement credits every four years, priority hotel check-in at MGM properties, Priority Pass lounge membership (with a $35 fee per visit), and no foreign transaction fees.
It is important to note that while the card offers valuable benefits, it may not be the best option for everyone. Individuals with existing travel credit cards should consider how the benefits of the MGM Rewards Iconic World Elite Mastercard align with their current cards. Additionally, the card’s partnership with Marriott Bonvoy allows for point transfers between the two loyalty programs, although this may not always provide the best value.
In conclusion, the MGM Rewards Iconic World Elite Mastercard is a suitable choice for frequent MGM visitors who can maximize its benefits. However, for those who prefer more flexibility or lower annual fees, alternative cards like Marriott Bonvoy credit cards or cards with transferable points may be worth considering.