Caesars and Bread Financial Introduce High-End Caesars Rewards Prestige Visa Signature Credit Card with $450 in Annual Benefits

Caesars Entertainment and Bread Financial introduce the Caesars Rewards Prestige Visa Signature credit card with an annual fee of $149. The card offers up to $450 in annual value and includes benefits such as waived foreign transaction fees, accelerated earn rates, and redeemable perks across Caesars' 50+ US destinations.

Caesars Entertainment, in collaboration with Bread Financial's Comenity Bank, has launched the Caesars Rewards Prestige Visa Signature credit card. This new card carries an annual fee of $149 and offers a range of benefits designed to appeal to loyal customers who frequent Caesars properties [1].

The Caesars Rewards Prestige Visa Signature comes with an annual value of up to $450, including benefits such as bonus rewards on spending at Caesars Rewards destinations, a complimentary hotel night each year after the first anniversary, and ways to earn tier credits towards elite status. One notable feature is the ability for cardholders to earn Caesars Rewards’ high-level Diamond tier status by charging $50,000 annually to their card [1].

The introduction of this card comes amidst a competitive landscape, as rival MGM Resorts recently launched its own premium card, the MGM Rewards Iconic World Elite Mastercard, with an even higher annual fee. However, Caesars Entertainment believes that its loyal customer base will be willing to pay the premium for the enhanced benefits [1].

The card offers several perks, including a waived foreign transaction fee, accelerated earn rates, and redeemable perks across Caesars' 50+ US destinations. For instance, cardholders earn 6 reward credits per $1 spent at Caesars Rewards destinations, compared to the 1 reward credit per $1 earned by standard Caesars Rewards members. Additionally, the card offers a $100 dining credit at Caesars Rewards destinations and $50 in Slot Play [1].

The Caesars Rewards Prestige Visa Signature also provides a fast track to elite status. Previously, Caesars Rewards members could earn 5,000 tier credits for $5,000 in spending, qualifying them for Platinum status. However, starting in 2026, this amount will be halved, making the new card a more attractive option for those seeking to reach Diamond status through credit card spending [1].

For those who don't visit Caesars properties frequently, the annual fee might be a deterrent. However, for frequent visitors, the card's benefits could offset the cost, especially if they are able to utilize the complimentary hotel night and dining credits. The card also offers the ability to extend the validity of reward credits, which expire after six months of inactivity [1].

In conclusion, the Caesars Rewards Prestige Visa Signature is a premium credit card designed to cater to frequent Caesars visitors. With its enhanced earning rates and valuable perks, it offers a compelling option for those willing to pay the annual fee. However, those who do not visit Caesars properties regularly may find other credit card options more suitable.

References:
[1] https://www.nerdwallet.com/article/travel/caesars-rewards-prestige-visa