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FoundersCard Benefits and Special Offer
FoundersCard is a membership program where you pay an annual fee in order to unlock a number of travel and lifestyle benefits and discounts. While they sometimes quote a crazy high annual fee, the normal fee is $395 per year for just about everyone.
For that money you get a ton of benefits including things like Hilton HHonors Gold, rental car status,
American Airlines Platinum (their benefits with AA change quarterly and right now you only get bonus points in their Business Extra Program) and Caesar’s Total Rewards Diamond. You also get flight, hotel and other discounts that may or may not be better than you can get elsewhere. You can find a full list of their partners here.
As you might be able to tell, most of the benefits above don’t really apply to me.
That is because:
- I am American Airlines Executive Platinum
- I am Hilton HHonors Diamond
- I have rental car statuses through the Amex Platinum
- I get great hotel deals from a variety of places
So why then would I consider FoundersCard? Well I do want to review it, but the real reason is Caesar’s Total Rewards Diamond.
Caesar’s Total Rewards Diamond
So why would I want this obscure casino loyalty status? Well, I have a goal to stay at more Las Vegas hotels and review them here on Miles to Memories. Caesar’s Entertainment owns a lot of them and they all have resort fees. With that said, let’s look at what Diamond gives you.
- Priority lines at hotel check-in, restaurants, casino cages and the Total Rewards Center
- Gain access to Diamond Lounges
- Use the VIP Reservations Hotline
- Guaranteed Room with 72 hours notice in Atlantic City and Las Vegas
- 15% off best available advertised rate on rooms and suites
- No resort fees
Caesar’s owns 9 properties in Vegas (plus two more hotels within a hotel). The resort fees average around $30 each, so if I stay one night in each property, my savings will be $270. That is pretty good I think and hopefully the 15% discount will work out as well. I will also benefit from access to their Diamond lounges and priority lines. As a local this is appealing.
Finding the Value Over $270
While a $270 savings is nice, it isn’t enough. Last week I stumbled upon a FoundersCard deal offering membership for only $295 annually, but there is a catch. You must sign-up for two years. I contacted FoundersCard to see if there was any way to do $295 for one year and they said no, but did offer to waive the $95 initiation fee. That sounded nice, but I wasn’t convinced so I continued to mull it over. Then yesterday I came across a post about a new deal.
‘Dem Flyers posted about a new version of the $295 offer that also gives a $100 American Express gift card. That offer still requires a two year commitment, but that post highlighted something that I knew about, but didn’t really put together. One of the obscure benefits of FoundersCard membership is a $350 checking account bonus at First Republic Bank. (CA, OR, NY, MA, CT, FL only.)
While I don’t live in those states, I am in California often, so my hope is that I will be able to sign-up in-branch. I have reached out to the bank to make sure I will be able to get an account and if I get confirmation, then my cost for this membership becomes cheaper.
- Total cost up front: $590
- Minus $350 bank bonus
- Resort fee savings: $270 ish
- Final Cost ~$-30
Why not take the version of the offer with a $100 American Express gift card? Well I asked, but FoundersCard said they wouldn’t waive the initiation fee with that offer. So basically I could pay $95 more and get a $100 Amex gift card. I personally would rather save the $95 in cash and not have to deal with the gift card.
How to Get the $295 Offer
To get the $295 offer fill out this brief form and say that you heard about it from Miles to Memories. You will then receive a registration email within a day or two where you can use one of the following offer codes to get a great deal:
- VIP2YEAR – $295 per year with two years up front. $95 initiation fee waived.
- 100AMEX2YR – $295 per year with two years up front. $100 Amex gift card. $95 initiation fee NOT waived.
You can also do one year at a time for $395 with the codes VIP1YEAR ($95 waived) or 100AMEX1YR ($95 not waived).
I know there are a ton of benefits of FoundersCard, but it is expensive no doubt. In my unique situation it might make sense to get it, but I think a lot of you might be interested too if you are indeed able to get the bank bonus. Even without the resort fee savings, your cost would be $240 for two years which isn’t terrible, especially if you can benefit from the elite status and other discounts. Stay tuned for more info on the bank bonus.
Do you have Founderscard? Are you considering a membership? Let us know your thoughts and/or experiences in the comments!
Miles to Memories has partnered with CardRatings for our coverage of credit card products. Miles to Memories and CardRatings may receive a commission from card issuers.