MGM Rewards Iconic
FNBO$249 a yearWorld Elite MastercardNo foreign transaction fee
A fair time to apply if the card fits how you spend.
Already have it? Keep it if what you use each year covers the fee.
Welcome bonus
45,000points
- 30,000 after $5,000 in the first 90 days
- 15,000 more after $7,500 total in the first 180 days
A typical spender, at Miles' point values; a gated item counts only if its condition is met.
| First-year value | Amount |
|---|---|
| Welcome bonus45,000 points at 1¢ | $450 |
| Rewards above a 2% no-fee cardvs Double Cash, on $32,500 typical spend | $0 |
| Credits you'll likely useof $230 face value | +$121 |
| MGM Rewards free nightEarned after $25,000 in card spend in a cardmember year | +$67 |
| Annual fee | −$249 |
| Meeting the $7,500 spendearns 1% here vs 2% on Double Cash | −$75 |
| First year | $314 |
| Each year after | −$21 |
Not counted in the first year: status (each year after counts them).
Earning
| Rate | Category | Return |
|---|---|---|
| 2X | Grocery Stores | 2% |
| 2X | Dining | 2% |
| 2X | Gas Stations | 2% |
| 2X | Hotels | 2% |
| 1X | Everything else | 1% |
+ 2 more rates
| Rate | Category | Return |
|---|---|---|
| 6X | MGM Rewards Destinations | 6% |
| 1X | BetMGM deposits | 1% |
Noteworthy perks
- MGM Resort Credit$200 a year
- MGM Rewards free nightEarned after $25,000 in card spend in a cardmember year
- MGM Rewards Pearl
- Global Entry/TSA PreCheck$30 a year
Personal card · Earns MGM Rewards
Benefits
Credits & Perks (2)
- MGM Resort Credit: $200 (Annual Cardmember Year)
$200 resort credit on account opening and again at each card anniversary, applicable to room charges including resort fees, dining, spa and entertainment.
- Global Entry/TSA PreCheck: $120 (Every 4 Years)
Global Entry or TSA PreCheck application fee statement credit, credited 6-8 weeks after the transaction.
Elite status (2)
- MGM Rewards: Pearl
- MGM Rewards: Every purchase earns Tier Credits at the same rate it earns points, plus 10,000 bonus Tier Credits at each anniversary with $25,000 of spend.
Protections (1)
- Trip Insurance, Trip Cancellation and Interruption, Trip Delay and MasterAssist coverage, underwritten by New Hampshire Insurance Company (an AIG company). Limits published in FNBO's benefits guide.
Other Perks
- Complimentary night up to $250 at each card anniversary with $25,000 of spend
- Priority Pass Digital Lounge Membership ($99 value) — digital benefits only, no airport lounge admission
- World Elite Concierge and Mastercard Travel & Lifestyle Services
- Points do not expire as long as the card is used
The MGM Rewards family
Sources and methodology
First-year value is Miles' estimate for a typical spender: the welcome bonus at Miles' point values, plus the rewards this card earns above the best no-annual-fee card's everyday rate on a typical year of spending, plus credits at the share a typical holder uses rather than their face value, plus any certificate or free night earned in that year, minus the first-year fee and the cost of putting the minimum spend on this card instead of that one.
Lounge access, elite status, other benefits, purchase and travel protections, and a certificate or free night that arrives on the card's anniversary are listed beside the first-year figure, not in it. Each year after counts them, with the rewards and credits, less the annual fee. A credit or benefit that needs a spend or a stay counts only where its condition is printed beside it, and credits gated on spend most people never reach are left out.
The fee, offer, earning rates, credits and protections come from the card's record in the Miles dataset, kept against the issuer's own terms. The verdict line is chosen from a fixed set of sentences by Miles' analysis of the offer and the card; nothing on this page is written by hand for one card.
Recent changes
- changed from null to MGM IconicOct 8, 2026
- changed from 30K points after $5K spend in the first 3 billing cycles + $200 Resort Credit to 30K points after $5K spend in the first 3 billing cycles + $200 resort credit on account opening + additional 15K points after $7.5K total spend in the first 6 billing cyclesOct 7, 2026
- changed from 30K points and 15K tier credits after $5K spend in the first 3 billing cycles + $200 Resort Credit to 30K points after $5K spend in the first 3 billing cycles + $200 Resort CreditSep 2, 2026
- changed from null to 5000Aug 13, 2026
- changed from null to 90Aug 13, 2026
- changed from 30K points and 15K Tier Credits after $5K spend in the first three billing cycles. Apply by 08/31/26. to 30K points and 15K tier credits after $5K spend in the first 3 billing cycles + $200 Resort CreditAug 3, 2026
- changed from null to Can downgrade: true; Can upgrade: false; Family id: mgm_rewards; Family name: MGM Rewards; Is top tier: true; Siblings: Slug: mgm-rewards-world-elite-mastercard; Tier: 1; Tier name: World Elite; Tier: 2; Tier name: IconicAug 3, 2026
- addedAug 3, 2026