News Summary

• Caesars Entertainment is introducing a new credit card with an annual fee to its lineup.
• The Caesars Rewards Prestige Visa Signature credit card will carry a $149 annual fee.
• The new card offering comes just three months after competitor MGM Resorts launched its own premium card, the MGM Rewards Iconic World Elite Mastercard, albeit with an even higher annual fee and on-property benefits.
• One of the most notable benefits of the card is the ability for cardholders to spend their way to high-level Diamond tier status by charging $50,000 a year to their card.