Having written about two of the other national casino players club programs and their credit cards (Mlife and Caesars Rewards), here’s a look at another credit card that is linked to a national program: the mycash Mastercard, which is tied to the mychoice comp program.
The card is a bit more alike to Mlife than Caesars Rewards in that you earn both comp dollars and tier credits for using the card. However, there are a few differences.
The card touts the following:
- Earn 5% back of your spending towards comps at any Penn National Gaming location (which is where mychoice is based).
- Earn 2% back of your spending towards comps at gas stations and grocery stores.
- Earn 1% back of your spending towards comps on all other purchases.
Why did I italicize towards comps? Because, as previously noted on the site, mycash is weird. $1 in mycash works as $2 in comps for things like food or resort purchases. So, that 5% back works out to $2.50 in mycash for every $100 spent, because that $2.50 in mycash is worth $5 in comps. Following me?
There are a a couple of signing bonus levels:
- Earn $10 in mycash (worth $20 in comps) when you make your first purchase within 90 days. You also get 1,000 tier credits.
- Earn $50 in mycash (worth $100 in comps) when you make $750 in non-Penn National Gaming purchases within 90 days. You also get 1,000 tier credits.
That works out to a bit more of a generous contribution than you get from the other cards.
You are given the Advantage tier level as a card holder, and that tier level and 1,000 tier credits is given to you for every year your card is in good standing. Spend $10,000 on the card each year and you’ll get a bonus of 2,000 tier credits.
As long as you’re making purchases every six months, your mycash doesn’t expire, which is certainly valuable if you maintain a balance but don’t visit their properties very often.
The card caps tier earnings at 11,000 per year. That keeps you from earning above the Advantage tier just on card spending alone, but gets you more than 2/3 of the way to the third tier without a penny gambled.
However, I cannot find anywhere in the terms if you earn tier credits outside the various bonuses and promotions, so I’m not sure how one would even get to 11,000 just based on what’s written on the site.
This is not unlike the Mlife card in my mind – it can help with tier credits and bumping up status for players who aren’t earning higher tiers on their own. The comp dollar earnings is certainly helpful for those who visit often.
But if you’re just looking for a good cash back opportunity, many other cards exist with higher cashback opportunities, which could then be spent at these properties anyway.
So I wouldn’t say this makes sense as a primary card, especially with the earnings caps on things like tier credits, but with 5% in comps back when you’re on their properties, if you visit often enough and/or spend enough (which I could see some players without a massive comp base doing so), it could show some value as a secondary card.
You can click here to learn more about the card or to apply.