Folks, if you can qualify for the Wyndham Business Earner credit card ($95), you get Caesars Diamond, period. You know, $20 a month sportsbook if you live in the right states, $100 food comp, Atlantis Bahamas for just the resort fee, and MGM Gold and multiple free cruises if you are willing to work at it. And no resort fee, free parking, giveaway room rates, plus multiple stays at Wyndhams for free.
Now tell me that's a bad deal!
Originally posted by: Mike
This is great. I just joined Caesars Rewards through Comenity Bank after doing my due diligence of putting - and paying off the balance with this interest rate - at least $1,000 in the first whatever days.
So, I'm Platinum. What does that mean for a low end gambler - $500 over two nights - who goes to Louisiana twice a year and Vegas once a year?
I believe I get free valet / self parking now, which given post pandemic issues in Vegas - like charging for parking - is pretty nice.
Is that about the best benefit? I'm thinking this card might not be for me. There seems to be a good deal of gaslighting going on.
Thanks in advance.
The parking perk is about the only significant benefit you'll enjoy from the Platinum tier ; if you drive / park during your stated three annual trips, it's worth something. You also get 15% discount at spas and/or the casino gift shops if applicable. The base gambling earning rate for slots ( $ coin-in /TC earning) is $5 coin-in / earns 1 tier credit and 1 reward credit. If you play video poker, the earning rate requires double coin-in to earn TC's and RC's ( eg $10 coin-in / per TC and RC earned). Not all machines offer these described earning rates, and are supposedly clearly marked. CET does offer TC multiplier bonuses on a daily ( 24 hr) basis..but it'll cost you more coin-in to earn said bonuses. The TC and RC earning rates from table games play is even more fuzzy and disheartening, and typically the pit crews are not very consistent in how they actually rate players/ award comps ( the latter applies to all the casinos, not just CET).
At the above described earning rates, if you wager $500 coin-in at slots over two nights ( as you indicated), you'll earn 100 TC's and 100 RC's from CET (half that rate on poor paytabled video poker machines).You need to earn 5000 TC's to maintain your Platinum tier for next year. So, enjoy the free parking perk. :)
https://www.caesars.com/myrewards/earn-and-redeem
I'll just add that CET usually has 5x TC promos for short 3-4 day periods ( there's one in effect June 5th - 8th next week); they usually offer these 2 or three times annually. That's about the only reasonable promo for CET gamblers of late..it's sorta worth it for comparative gambling spend under the current conditions. Still a gouge, imo...relative to the past. Have fun.
You can renew Platinum with $5000 spending on the credit card each year. This also gives you a minimum of $50 in reward credits.
Wyndham Business Earner card is great way to diamond.
Mr P and doufous are correct about the Wyndham Business Earners card for qualifiers to attain the Diamond tier via tier matching. I have it and it works well if monthly balances are paid off regularly. The basic requirements are $3000 spend in the first 90 days plus 8x points earned per dollar on gas purchases along with a $95 annual fee ( with some other perks already mentioned). I spend a bunch for gas purchases due to work related issues, so that perk benefits my case. Relative to current gaming spend required to attain base Diamond ( $75K coin-in to accrue 15K TC's from slot play alone), this card makes sense if balances are paid off by those qualifying. Accrued interest on balances can devour any of these up-front perks ( as with any credit card).
CH, with the Wyndham card you get their Diamond status automatically without spending anything, meaning you don't have to spend a dime to get Caesars Diamond. Of course, spending $3K will get you a few free nights at Wyndhams, which is a good thing.
Originally posted by: Charles Higgins
Mr P and doufous are correct about the Wyndham Business Earners card for qualifiers to attain the Diamond tier via tier matching. I have it and it works well if monthly balances are paid off regularly. The basic requirements are $3000 spend in the first 90 days plus 8x points earned per dollar on gas purchases along with a $95 annual fee ( with some other perks already mentioned). I spend a bunch for gas purchases due to work related issues, so that perk benefits my case. Relative to current gaming spend required to attain base Diamond ( $75K coin-in to accrue 15K TC's from slot play alone), this card makes sense if balances are paid off by those qualifying. Accrued interest on balances can devour any of these up-front perks ( as with any credit card).
Of course, that's what they're hoping, so they can impose a 4000% APR interest payment, plus service fee, plus late fee, plus late fee on the service fee, plus service fee on the late fee, plus a just-cause-we-can fee, plus a you-won't-notice-this-fee fee.
Nothing like America's banks! Pay 0.6% on savings deposits and charge 18% on credit card balances. If I did that, they'd haul me away for fraud.
Originally posted by: Kevin Lewis
Of course, that's what they're hoping, so they can impose a 4000% APR interest payment, plus service fee, plus late fee, plus late fee on the service fee, plus service fee on the late fee, plus a just-cause-we-can fee, plus a you-won't-notice-this-fee fee.
Nothing like America's banks! Pay 0.6% on savings deposits and charge 18% on credit card balances. If I did that, they'd haul me away for fraud.
Advantage Play wouldn't be possible if it weren't for all the naive gamblers who enrich the casinos.
Travel Hacking wouldn't be possible if it weren't for all the naive credit card holders who enrich the banks.
I know how to do both. Don't be bitter, Kevin.
Originally posted by: MisterPicture
Advantage Play wouldn't be possible if it weren't for all the naive gamblers who enrich the casinos.
Travel Hacking wouldn't be possible if it weren't for all the naive credit card holders who enrich the banks.
I know how to do both. Don't be bitter, Kevin.
Sorry. I don't like ripoffs even if I can take advantage of them. Ultimately, it hurts all of us.
One reason why borrowing money--in all its iterations--is so expensive is that banks/shareholders/investors have been conditioned to expect huge returns. Usury laws were created to stop lenders from exploiting desperate/idiotic people. So the people with the money bags shifted to charging huge fees that weren't technically "interest."
The casinos started charging for shit that should be free and then dangled "privileges" that you could "earn" to get that shit without paying for it. It's felt to me like they beat you senseless whenever you walk in the front door, but if you blow $500,000, you get "Beating Exempt" status. So I suppose that the credit card lenders climbing into bed with the casinos makes sense.
Idiots are indeed profitable in the short run.
Caveat emptor....let the buyer beware.
