MGM Rewards Iconic World Elite Mastercard®
- Annual Fee
- $249
- Welcome Bonus
- Up to 45,000 points
- Highest rate (conditional)
- Up to 6X (Mgm Grand)
Terms checked against the issuer on October 10, 2026
At a Glance
- Annual Fee
- $249
- Foreign Transaction Fee
- $0
- Network
- Mastercard World Elite
- Rewards Currency
- MGM Rewards
- Point Valuation
- 1–1 cpp (mid: 1)
- Credit Required
- Excellent
Welcome Offer
Up to 45,000 points
- 30,000 points after $5,000 in purchases in the first 3 billing cycles
- + 15,000 points once total purchases reach $7,500 in the first 6 billing cycles
The total needs every stage above. Meet only the first and you earn 30,000 points.
Earning Rates
- 6X
Mgm Grand
6X — Earn 6 points and 6 tier credits per $1 spent at MGM Rewards Destinations
- 2X
Gas Stations
2X — Earn 2 points and 2 tier credits per $1 spent on gas
- 2X
Grocery Stores
2X — Earn 2 points and 2 tier credits per $1 spent at supermarkets
- 2X
Hotels
2X — Earn 2 points and 2 tier credits per $1 spent at hotels
- 2X
Dining
2X — Earn 2 points and 2 tier credits per $1 spent on dining
- 1X
All Other
1X — Earn 1 point and 1 tier credit per $1 spent everywhere else
Benefits & Perks
Travel Benefits
3 perksElite Status
General Travel
Annual Credits & Statement Credits
2 creditsUp to
$450
in recurring credits (annual) · Plus $250 first-year / eligibility-dependent
$250 hotel night
Complimentary Night up to $250 annually at card anniversary with $25,000 spend
$250
Annual
$200 resort credit
$200 Resort Credit upon account opening and annually at card anniversary
$200
Annual
Lounge Access
Lounge Membership — $35/visit, not complimentary
Priority Pass Digital Membership: 1,700+ lounges, pay-as-you-go at $35 per person per visit.
Elite Status & Memberships
Fast track to top-tier perks
MGM Rewards™ Pearl Status
Pearl Status entitles you to many exciting perks! Your MGM Rewards Tier will remain at least Pearl Status as long as your MGM Rewards Mastercard ac...
Priority Hotel Check-in
how your MGM Rewards Mastercard when you arrive to gain access to priority hotel check-in at any MGM Rewards Destination.
Free Self-Parking
Self-parking is complimentary for current MGM Rewards™ World Elite Mastercard® cardholders. Guests must insert their Pearl, Gold, Platinum or NOIR ...
Insurance & Protections
1 protectionsUp to $5,000 trip cancellation coverage
$5,000
secondary
Trip Cancellation/Interruption up to $5,000/trip, Trip Delay up to $300/trip, plus MasterAssist emergency services.
Dining Out
2x at restaurants
MGM Rewards
≈$2 in value on a $100 dinner, at our valuation of 1¢ per point
Annual fee: $249
Explore 5,512 New York restaurants with this cardStack a dining program
Rakuten Dining
5% back at 20,618 participating restaurants, on top of this card's 2x, once you join and link this card.
+$5
cash back, or ≈$5.50 as points
More on a $100 dinner
Program & Transfers
MGM Rewards
Rewards that take you everywhere
MGM Rewards is a hotel loyalty program designed to reward paid stays and partner activity with points-based value. The program includes 5 status tiers that provide incremental benefits as activity grows. Members can earn through qualifying spend or travel activity and redeem for rewards tied to program terms and availability.
Reviews & Analysis
The Math: Is $249 Worth It?
First-year value includes $300 welcome bonus (first stage)
Credit Utilization (60%)
Excludes earning value, lounge access, insurance, and elite status
Total Value Captured
$420
Annual Fee
-$249
Net Annual Value
+$21
Details & Terms
Payment Terms
| Purchase APR | 24.49% (Variable) |
| Cash Advance APR | 24.49% (Variable) |
| Foreign Transaction Fee | $0 |
Media & Resources
Card Design
Evidence Sources
| Source | Verified | Citation |
|---|---|---|
| RewardsCC API | — | RewardsCC API |
| Issuer Page | Issuer Page: Earn rates | |
| Issuer Page | Issuer Page: Multiple card facts | |
| Issuer Page | Issuer Page | |
| Issuer Page | Issuer Page | |
| Issuer Page | Issuer Page |
Top brands for this card
Brands where this card's earn-rate structure makes it a strong choice. Open a brand for the full ranked list.
