MGM Rewards Mastercard®

MGM Rewards Mastercard® Review

This is a store rewards card issued by First National Bank of Omaha. If you're wondering whether MGM Rewards Mastercard® is the right card for you, read on.

Key Takeaways

• High APRs. This is not a great card for people who carry a balance. It has a variable purchase APR of 20.24%
• No annual fee*. This is a great option for people looking for a low-maintenance rewards card. It gives you rewards on your purchases, but you don't have to pay an annual fee for the privilege.
• 5% Balance transfer fee. MGM Rewards Mastercard® charges a fee of 5% on balance transfers. For example, a balance of $1,000 could cost $50 in transfer fees. The minimum fee is $10.
• No foreign transaction fee. This card does not charge a fee when you make a purchase that passes through a foreign bank, or is in a currency other than the U.S. dollar (USD), which makes it a great credit card to carry when traveling abroad.

Pros & Cons of MGM Rewards Mastercard®

The Good	The Bad
No annual fee. Access to a concierge. Identity Theft Protection. No foreign transaction fee. Cardholders can earn rewards on their purchases. MGM Rewards Mastercard® reports to multiple credit bureaus.	Higher than average purchase APRs. Does not offer a signup bonus. Charges a 5% balance transfer fee. Does not include many credit card benefits.

MGM Rewards Mastercard® FAQ

Does MGM Rewards Mastercard® have a cash back or rewards program?

MGM Rewards Mastercard® is a rewards card.

MGM Rewards Mastercard® Rewards

Rewards rate (all purchases)	N/A
Max rewards rate	N/A
Annual rewards limit	N/A
Signup Bonus ($)

What are the MGM Rewards Mastercard® benefits?

It provides the following benefits:

• Reports to major credit bureaus

What are the relevant APRs for MGM Rewards Mastercard®?

According to the Federal Reserve Board, the average regular APR is 15% for all credit cards and 17% for accounts that carry a balance. This card has higher than average regular APRs.

MGM Rewards Mastercard® has a variable purchase APR of 20.24%. The card has a variable balance transfer APR of 20.24% . It also has a variable cash advance APR of 20.24% .

The good news is this card does not charge a penalty APR if you are late on a payment.

What are the fees for MGM Rewards Mastercard®?

The following fees apply:

MGM Rewards Mastercard® Fees

Fees	Amount
Annual Fee	$0
Foreign Transaction Fee	0%
Returned Payment Fee	$35
Late Payment Fee	$40

This card does not charge an annual fee, which makes it a smart choice for consumers looking for a low-cost rewards card.

Does MGM Rewards Mastercard® report your account activity to credit bureaus?

Yes, MGM Rewards Mastercard® reports your account activity to the following credit reporting agencies:

• Equifax
• Experian
• Transunion

Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and may help improve your credit.

How to apply for MGM Rewards Mastercard®

• Visit the MGM Rewards Mastercard® website.
• Fill in the application form. You will typically need to provide general financial information, such as your Social Security Number, address, and annual income.
• Check the information is accurate and submit your application.

If your credit score is preventing you from qualifying for this credit card, check out our guide for the best credit cards for bad credit.