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MGM Rewards™ Iconic World Elite Mastercard® — Full Review [2025]

Jarrod West's image
Jarrod West
Edited by: Michael Y. Park
& Jestan Mendame

We may be compensated when you click on product links, such as credit cards, from one or more of our advertising partners. Terms apply to the offers below. See our Advertising Policy for more about our partners, how we make money, and our rating methodology. Opinions and recommendations are ours alone.

MGM Rewards™ Iconic World Elite Mastercard®

MGM Rewards™ Iconic World Elite Mastercard®

U.P. Rating
The rating for this card has been determined by our own industry experts who know the ins and outs of credit card products. Bonuses, rewards as well as rates and fees are all taken into account. Compensation from the issuer does not affect our rating. We only recommend products we either use ourselves or endorse.
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  • $249

MGM Rewards™ Iconic World Elite Mastercard®

U.P. Rating
The rating for this card has been determined by our own industry experts who know the ins and outs of credit card products. Bonuses, rewards as well as rates and fees are all taken into account. Compensation from the issuer does not affect our rating. We only recommend products we either use ourselves or endorse.
Star rating iconStar rating iconStar rating iconStar rating iconStar rating iconStar rating iconStar rating iconStar rating iconStar rating iconStar rating icon3
Summary

The MGM Rewards Iconic card is a great choice for those who frequently visit MGM properties and want a card that will help them earn rewards and elite status much faster.

Card Details

Card Snapshot

Welcome Bonus & Info

  • 6x points and Tier Credits per $1 spent at MGM Rewards Destinations
  • 2x points and Tier Credits per $1 spent at hotels, dining, gas stations, and grocery stores
  • 1x points on all other purchases
  • Automatic MGM Rewards Pearl status
  • $200 resort credit upon account opening and annually at card anniversary
  • Earn a complimentary night worth up to $250, and a 10,000 Tier Credit bonus, annually on your card anniversary after $25,000 in a calendar year
  • Priority Pass digital lounge membership
  • Global Entry/TSA PreCheck credit valid every 4 years
  • Priority check-in: Line-skipping during check-in to get to your room faster
  • Complimentary self-parking: Waived fees for self-parking in the garage at select MGM destinations
  • Trip Insurance: Trip cancellation and interruption, Trip Delay, and MasterAssist. Visit card.fnbo.com/mastercard/benefits/mgmrewards for details
  • No foreign transaction fees
  • $249 annual fee
Pros & Cons

Pros

  • 6x points and Tier Credits per $1 spent at MGM Rewards Destinations
  • 2x points and Tier Credits per $1 spent at hotels, dining, gas stations, and grocery stores
  • 1x points on all other purchases
  • Automatic MGM Rewards Pearl status
  • $200 resort credit upon account opening and annually at card anniversary
  • Priority Pass digital lounge membership
  • Global Entry/TSA PreCheck credit
  • Priority check-in: Line-skipping during check-in to get to your room faster
  • Complimentary self-parking: Waived fees for self-parking in the garage at select MGM destinations
  • Earn a complimentary night worth up to $250, and a 10,000 Tier Credit bonus, annually on your card anniversary after $25,000 in a calendar year
  • No foreign transaction fees

Cons

  • Rewards can only be redeemed with MGM
  • Has an annual fee

Great Card If

  • You frequently stay at MGM properties and gamble at MGM casinos.
  • You want a card that will help you earn elite status in the MGM Rewards program.

Don’t Get If

  • You want a card that earns flexible rewards and isn’t entirely tied to MGM.
  • You rarely visit MGM properties.

MGM Rewards Iconic Card: Is It Worth It?

The MGM Rewards™ Iconic World Elite Mastercard® is a great option for those who frequently visit MGM casinos and resorts and want a way to reach higher levels of MGM elite status faster.

In addition to the rewards you earn with the card, it comes with several perks like a $200 annual resort credit, a Global Entry or TSA PreCheck credit, a Priority Pass lounge membership, automatic MGM Rewards Pearl status, and a bonus of 10,000 Tier Credits plus a complimentary night (valued up to $250) when you spend $25,000 on the card in a calendar year.

MGM Rewards Iconic Card Top Benefits and Perks

Here is a breakdown of the benefits you’ll receive for holding the MGM Rewards Iconic card:

  • Automatic MGM Rewards Pearl status: Perks like a 10% discount at members-only property shops, discounts to select shows, a dedicated buffet line, discounts on Avis car rentals, a 10% bonus on Slot Dollars, and a status match to Marriott Bonvoy Silver Elite status
  • $200 resort credit upon account opening and annually at card anniversary
  • Priority Pass digital lounge membership
  • Global Entry or TSA PreCheck credit
  • Priority check-in: Line-skipping during check-in to get to your room faster
  • Complimentary self-parking: Waived fees for self-parking in the garage at select MGM destinations
  • Complimentary night, worth up to $250, and a 10,000 Tier Credit bonus annually on your card anniversary after $25,000 in a calendar year
  • No foreign transaction fees

Best Ways To Earn and Redeem Your MGM Rewards

Easily the best way to earn more MGM Rewards points is to use your card for as many of your daily expenses as you can, especially on those that fall within bonus categories like 6x points at MGM Rewards destinations, 2x points at hotels, dining, gas stations, and grocery stores, and 1x points on all other purchases.

Additionally, this card spend doesn’t just help you earn more MGM Rewards points. You also earn an equivalent number of Tier Credits, helping you achieve higher levels of MGM Rewards elite status much faster.

Once you’re ready to redeem your points, you can use them hotel stays, Slot Dollars, dining, spa services, entertainment, gift cards, and more.

Alternative Card to the MGM Rewards Iconic Card

MGM Rewards™ World Elite Mastercard®

If you’re looking for a card that will help you enhance your stays at MGM properties without needing to pay an annual fee, then the MGM Rewards card is a better fit for you.

While it doesn’t offer as many benefits as the MGM Rewards Iconic card, this card still offers you automatic MGM Rewards Pearl status, points and tier credits for all of your card spend, and more.

Frequently Asked Questions

Does the MGM Rewards Iconic card have an annual fee?

Yes, the MGM Rewards Iconic card has an annual fee of $249.

Is the MGM Rewards Iconic card worth it?

If you’re someone who frequently stays and gambles at MGM properties, then the perks and benefits that come along with the MGM Rewards Iconic card would likely make it worth it for you. If you don’t visit MGM properties often or prefer a card with flexible rewards, then you should opt for another card.

Is there free parking with the MGM Rewards Iconic card?

Yes, the MGM Rewards Iconic card offers complimentary self-parking at participating MGM properties.

Does the MGM Rewards Iconic card offer MGM Rewards elite status?

Yes, the MGM Rewards Iconic card comes with complimentary MGM Rewards Pearl status. This status comes with benefits like priority check-in, a 10% discount at members-only property shops, discounts to select shows, a dedicated buffet line, discounts on Avis car rentals, a 10% bonus on Slot Dollars, and a status match to Marriott Bonvoy Silver Elite status.

Plus, when you use your card for your daily purchases, you earn 1x to 6x Tier Credits, depending on the purchase category, to help you achieve higher levels of elite status faster.

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About Jarrod West

Boasting a portfolio of over 20 cards, Jarrod has been an expert in the points and miles space for over 8 years. He earns and redeems over 1 million points per year, and his work has been featured in outlets like The New York Times.

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