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Caesars Rewards Tier Credits Explained
Caesars Rewards, the loyalty program for Caesars casinos and resorts, offers some great benefits, especially for Diamond members. They have two types “currency” in their program: Rewards Credits and Tier Credits.
Rewards Credits
In the world of airline miles, Rewards Credits are your redeemable miles. Rewards credits are redeemable at $1 for every 200 Rewards Credits in free play at slot machines. A better use of points is through “self comps” to pay for hotel spend at a value of $1 for every 100 Rewards Credits.
A redemption option for Diamond members (including those earned through status match) is “buying” access to a Laurel Lounge. While those Diamond members that earn at least 25,000 Tier Credits (see below) gain complimentary access, all other Diamond elites must purchase access for 1,000 Rewards Credits.
Rewards Credits can also be transferred to Wyndham Rewards.
Rewards Credits are earned through gambling and spend.
When playing slots, you earn 1 Reward Credit for every $5 bet. Earning rates at table games are less transparent.
When spending on hotels and restaurants, you earn 1 Reward Credit for every $1 spent.
Tier Credits
In the world of airlines miles, Tier Credits are your elite qualifying miles. Tier Credits have no redeemable value. They are only used for tracking your progress towards elite status.
Tier Credits are earned (and reset to zero) each calendar year. They determine your status for the remainder of the year and the full following year. This means that if you earn enough Tier Credits for Diamond status on November 15, 2020, you keep Diamond status through December 31, 2021.
For example, Platinum Status is earned at 5,000 Tier Credits. Diamond Status is earned at 15,000 Tier Credits.
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Tier Credits are earned at the same rates as Rewards Credits with one major exception. For every dollar spent on hotel room rates and resort fees, you earn 5 Tier Credits.
When playing slots, you earn 1 Tier Credit for every $5 bet. Earning rates at table games are less transparent. Restaurant spend and other spend earns 1 Tier Credit for every $1 spent.
Additionally, there are Tier Credit bonuses awarded when a certain number of Tier Credits are earned in one day.
- Earn 500 Tier Credits, get a bonus of 125 Tier Credits
- Earn 1,000 Tier Credits, get a bonus of 1,000 Tier Credits
- Earn 2,500 Tier Credits, get a bonus of 5,000 Tier Credits
- Earn 5,000 Tier Credits, get a bonus of 10,000 Tier Credits
Caesars Rewards often run promotions for additional Tier Credits.
Tier Credits = Free Nights
For every 5,000 Tier Credits earned, you get one free night in Las Vegas or Atlantic City that must be used by January 31 of the following calendar year. For example, if you hit your 5,000 Tier Credit mark in December 2020, you will have to redeem your free night for a stay before January 31, 2021.
Scenario
Let’s say you are a Caesars Reward Diamond visiting Las Vegas for two nights at Caesars Palace. The room rate is $100 + taxes per night. You don’t pay resort fees as a Diamond.
Over the course of gambling during one day, you “coin in” $5,000 in slots.
You spend $100 at restaurants in the hotel.
In this case, you earn the following rewards:
- Reward Credits: 200 (1 = $1 hotel rate) + 1,000 (1 = $5 slots) + 100 (1 = $1 restaurants) = 1,300 Reward Credits
- Tier Credits: 1,000 (5 = $1 hotel rate) + 1,000 (1 = $5 slots) + 1,000 (Tier Credit daily bonus) + 100 (1 = $1 restaurants) = 3,100 Tier Credits
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What questions do you still have about Caesars Rewards & Tier Credits?
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Not yet a member of Caesars Rewards? Sign up using this link and you get a bonus 500 Tier Credits when you pick up your membership card at any Caesars property! In full disclosure, I also get 500 Tier Credits when you sign up.
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Interested in other information about Caesars Rewards? Check out my Caesars Rewards page with tips to help you make the most out of your next visit including how to easily get Diamond status, access to free shows and food, reviews of hotels and much more.