Mlife Rewards Mastercard is Offical: Here Are the Details & A Full Review

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Mlife Rewards Mastercard Review

Mlife Rewards Mastercard Review

A couple of weeks ago I covered Mlife’s rebranding to Mlife Rewards along with the debut of their new website. Shortly after writing that post, details of the new Mlife Rewards Mastercard leaked. Now, we finally have official confirmation of the Mlife Rewards Mastercard. Let’s take a look.

Mlife Rewards Mastercard Benefits

The leaked information about this card was spot on. The card is issued by First Bankcard®, a division of First National Bank of Omaha. Here are the benefits you get as a cardholder:

  • Automatic Upgrade to Pearl Level Status (Free parking, buffet line pass, 10% bonus on points and express comps.)
  • Priority Hotel Check-in at M life Resorts
  • No Annual Fee
  • No Foreign Transaction Fees

Mlife Rewards Mastercard Earnings

This card earns points in the Mlife Rewards program. The points can be used for Express Comps on property as well as for FREEPLAY. Note you also earn tier credits as well.

  • 3X points and tier credits per $1 spent at MLife Rewards destinations.
  • 2X points and tier credits per $1 spent on gas station and supermarket purchases.
  • 1X points and tier credits per $1 spent everwhere else.

Mlife Rewards Mastercard Sign-Up Bonus

The sign-up bonus is:

  • 10,000 points when you spend $1,000 in the first 3 billing cycles.

The application link along with the full details of the card can be found here. If you’d like to read the company’s press release, it can be found here.

Mlife Rewards Mastercard Review

Mlife Rewards Mastercard Review & Analysis

The leak was spot on with what to expect from this card. As I mentioned before, points appear to be worth $.01 each, but they can only be used for Express Comps or FREEPLAY, meaning you are tying them to Mlife Rewards. Basically, you are earning less than you should considering you can get a 2% cashback card and then what you do earn is tied to the program. There is the benefit of also earning tier credits, which could be nice to top off your status, but I think this will only appeal to a select few.

For many, the allure of free parking and Pearl status will be a reason to consider this card, but remember that the Hyatt Visa Signature card earns more valuable Hyatt points (although I wouldn’t use it as a daily spender) and gives Hyatt Platinum status. That Hyatt Platinum status can currently be matched to Mlife Rewards Gold which is a tier above Pearl. Yes, the Hyatt card has an annual fee, but it is waived the first year and you get a free night annually which can be valuable.

Conclusion

It is nice to see a casino loyalty program the size of Mlife Rewards finally get a co-branded credit card, but unfortunately this is a lackluster product in my opinion. Maybe at some point they’ll launch a premium version of this card with better benefits, but the fact that you can get better status from Hyatt’s card says something. Still, I suspect this will be upsold to guests checking in with the promise of free parking and it will probably be successful.

What do you think?


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8 COMMENTS

  1. Amazing. It took them this long for M Life to match Total Rewards with a co-branded cc, and this is what they come up with. This is so obviously rewards designed by a committee of accountants, just like everything at MGM these days.

    There is nothing here to move the needle. The committee of accountants threw us just enough to make the bare minimum of competitiveness. A few Express Comps? Free parking? This isn’t enough to attract even the Las Vegas locals.

    It is so obvious MGM is a company just living off the fumes of what Kerkorian created.

  2. You forget the other benefits:

    1. Issued by FNBO, one of the suckiest credit card companies around;
    2. Laughably low credit limits;
    3. Stone Age application approval process;
    4. CSRs known to be not playing with a full deck.

    MGM should be ashamed of themselves.

  3. This is the worst bank ever to get a credit card from.
    The customer service is horrendous. The credit limits
    are ridiculously low. The rewards are terrible. Look
    elsewhere and save yourself some time and money.

  4. i think if you:

    1. already play myVegas games and are collecting points for freebies
    2. will be spending a week or more in Vegas each year

    then it’s totally worth it. With the card you’ll get more points towards your myVegas games and save money on parking. 7 x $15 = $105 for parking alone. That’s if you only go to one casino a day. Given that the majority of the properties on the strip are part of the Mlife group and given that utilizing most of the rewards in myVegas (buffets and other foods, shows and other entertainment), means you are going to those same hotels/casinos (and therefore have to park somewhere) it seems like the way to go to me.

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