DrawingDead
DrawingDead
Joined: Jun 13, 2014
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February 25th, 2015 at 11:02:32 PM permalink
I had the Total Rewards VISA for years when Caesars had it through Bank of America, where I have some other accounts. I thought it was not particularly great in most respects, but was somewhat convenient for making sure my TR Reward Credits never expired simply by using it occasionally. When the BofA association was severed several years ago and they went to this obscure affinity card servicer for their new version they flooded my mailbox for months and months (as they apparently did hundreds of thousands of other mailboxes) trying to get me to sign up for this thing. I declined to do so, because:

  • This card provides less than one half to a third of the cashback rate of every credit card I have and any I have been offered or seen anywhere in this decade, and one-fifth as much as one of them I have from AMEX.

  • It provides that only in the form of Caesars Ent. Reward Credits, which due to inflated "drunk vacationing tourist" pricing of buying anything with those credits, is worth about $0.50 on the dollar or less to me, making that rate of those "comps" worth a final net total of less than one-fourth what I can and do get from using any other card that I already have for my routine retail transactions.

  • The off-brand credit card servicer they found to handle this card has a less than savory reputation for handling customer accounts (check any of the major consumer review sites) potentially putting my credit standing at risk by having it, in my opinion.

  • Though I don't usually carry balances, the interest rate on it if I ever did is ludicrous in my FICO score range. For example my Wells Fargo VISA has an APR of under 10% and as I recall from the last mailing begging me to take this thing this would have been something like twice that.
Compensating advantages to me: none whatsover potentially not having to remember to go see Caesar to ring up one credit at one of his joints at least once every six months as I burn off the remainder of my TR balance.

If it works out well for others in their different individual circumstances, that's great, congrats. And I do want to sincerely thank Mr. Loveman for providing me and so many of my neighbors with so many tons of handy combustible material to heat our homes over these last several years, all delivered personally by a uniformed government official in a little golf cart at Caesars' expense.
Nevermind.
texasplumr
texasplumr
Joined: Mar 6, 2011
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February 26th, 2015 at 7:44:27 AM permalink
I used to be Diamond before my wife's health problems. It took two years but I eventually went down to Gold again. I thought I'd get this card to at least get back to Platinum, now that she is doing better and we can afford to gamble again. I'm glad I read this post before doing so.
I have a Discover which gives me cash back and one through my credit union which does too. Both interest rates are below 10%. Yeah, I think I'll pass.
Stupid is a choice
reno
reno
Joined: Jan 20, 2010
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February 26th, 2015 at 2:53:14 PM permalink
Quote: DrawingDead

  • The off-brand credit card servicer they found to handle this card has a less than savory reputation for handling customer accounts (check any of the major consumer review sites) potentially putting my credit standing at risk by having it, in my opinion.



  • I've been tempted to get the Virgin America Airlines Visa because Virgin's frequent flier points are worth much more than most other airline miles. Moreover, cardholders can refund or change their tickets with no penalty, which I think is a unique and ingenious perk. But the issuing bank is Comenity, which also issues the Total Rewards Visa, and I've read too many horror stories about that terrible "bank."

    Quote: DrawingDead

  • Though I don't usually carry balances, the interest rate on it if I ever did is ludicrous in my FICO score range. For example my Wells Fargo VISA has an APR of under 10% and as I recall from the last mailing begging me to take this thing this would have been something like twice that.



  • So true! I know that the bottom line for any casino venture is profit, profit, profit but it's really too bad that the Total Rewards Visa has such an appalling APR. Barclays is able to offer the Ring Mastercard with an APR of 8% and still make a fat profit, so why can't Caesars? It'd be good branding for the Caesars name to offer a genuine bargain in an industry (credit cards) renowned for its rip-offs. There are very few cards in the 8% range, so it would draw positive attention and cache to the brand. Obviously, this will never ever ever happen. They're just too greedy.

    Quote: DrawingDead

    Compensating advantages to me: none whatsover potentially not having to remember to go see Caesar to ring up one credit at one of his joints at least once every six months as I burn off the remainder of my TR balance.



    Slightly off-topic: does anyone know if purchases made through the Total Rewards Marketplace portal accomplish the same goal?
    teddys
    teddys
    Joined: Nov 14, 2009
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    February 26th, 2015 at 6:35:56 PM permalink
    The only "good" APR is an APR of 0%. Unless you are on the other side, of course ;)

    Don't need to tell you that.
    "Dice, verily, are armed with goads and driving-hooks, deceiving and tormenting, causing grievous woe." -Rig Veda 10.34.4
    DrawingDead
    DrawingDead
    Joined: Jun 13, 2014
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    February 27th, 2015 at 3:14:18 AM permalink
    Quote: reno

    Slightly off-topic: does anyone know if purchases made through the Total Rewards Marketplace portal accomplish the same goal?

    I don't "know" but since nobody else has answered yet... I have the impression that it does (but no direct knowledge from checking it out or doing that myself). I got that impression because a friend who had an old comp balance left from his time living in Las Vegas, but who no longer lives nearby and is now far away from any Caesars properties, was talking about buying some stuff just for that reason, and I'd assume he checked into it. But that's just what I think I understand about what I believe I recall about what someone else said, so by the time I pass that to you here it probably qualifies as a lukewarm rumor at best. But maybe this bump will bring the question to the attention of someone who can give a more solid answer.
    Nevermind.
    Scan
    Scan
    Joined: Sep 9, 2013
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    February 27th, 2015 at 4:36:06 AM permalink
    The "upgrade" to Platnium from Gold is WORTHLESS

    the difference is:

    15% Discount at the gift shop as opposed to 10%

    Ability to transfer up to 5000 reward credits to a friend

    Room discounts based on play




    Sooo...does anyone think this is a "benefit?"
    JohnnyQ
    JohnnyQ
    Joined: Nov 3, 2009
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    March 15th, 2015 at 10:47:45 AM permalink
    Quote: Scan

    The "upgrade" to Platnium from Gold is WORTHLESS

    the difference is:

    15% Discount at the gift shop as opposed to 10%

    Ability to transfer up to 5000 reward credits to a friend

    Room discounts based on play




    Sooo...does anyone think this is a "benefit?"



    Well not much of one. BUT.....

    One of my pet peeves is waiting in long lines. Like at a Buffet on the Strip. So I think the Platinum level is good for getting in the "short" line in Vegas. When this card was first being offered a couple of years ago, I believe you got ONE of the "Buffet of Buffets" for 24 hours in addition to whatever point bonus after spending a certain amount. But I haven't seen the BoB promo since that time.
    I remember the thirty-five sweet goodbyes; When you put me on the Wolverine up to Annandale; It was still September When your daddy was quite surprised; To find you with the working girls in the county jail; I was smoking with the boys upstairs when I Heard about the whole affair;I said oh no William and Mary won't do
    ThatDonGuy
    ThatDonGuy
    Joined: Jun 22, 2011
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    March 15th, 2015 at 12:14:24 PM permalink
    Quote: JohnnyQ

    Well not much of one. BUT.....

    One of my pet peeves is waiting in long lines. Like at a Buffet on the Strip. So I think the Platinum level is good for getting in the "short" line in Vegas. When this card was first being offered a couple of years ago, I believe you got ONE of the "Buffet of Buffets" for 24 hours in addition to whatever point bonus after spending a certain amount. But I haven't seen the BoB promo since that time.


    Not any more. Now you need something called a "VIP Access Pass," which requires spending $10,000 on the card per year.

    Also, the "Buffet of Buffets" pass you used to get for signing up has long since been replaced with one or two tickets for the High Roller wheel.
    GWAE
    GWAE
    Joined: Sep 20, 2013
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    March 15th, 2015 at 12:28:30 PM permalink
    The skip the line was a great benefit and worth having the card originally. Last year in AC we went to check in and the normal line must have had 100 people in it. We went through the platinum line which only had 1 person in it. I will admit that the year before last it was the same thing but we didn't have the carD yet. I went through the platinum line anyways and wasn't even questioned if I had the card.
    JohnnyQ
    JohnnyQ
    Joined: Nov 3, 2009
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    March 15th, 2015 at 1:11:50 PM permalink
    Quote: ThatDonGuy

    Not any more. Now you need something called a "VIP Access Pass," which requires spending $10,000 on the card per year.

    Also, the "Buffet of Buffets" pass you used to get for signing up has long since been replaced with one or two tickets for the High Roller wheel.



    I'll have to take another look, but I thought the short Buffet line at Harrah's on the Strip, for one example, was for Platinum Card Holders and above. They might have changed it. Like I said, if I am in the area on my trip in a couple of weeks, I'll look. They probably don't have much of a line most of the time. But during events, the busy season, weekends, etc, they might.
    I remember the thirty-five sweet goodbyes; When you put me on the Wolverine up to Annandale; It was still September When your daddy was quite surprised; To find you with the working girls in the county jail; I was smoking with the boys upstairs when I Heard about the whole affair;I said oh no William and Mary won't do

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