Mlife Rewards Mastercard Review
Back in 2016 Mlife rebranded to Mlife Rewards, debuted a new website and launched their co-branded credit card. Here is our review of the Mlife Mastercard updated for 2020!
Mlife Rewards Mastercard Benefits
Unlike some of the larger hotel credit cards, the Mlife Rewards Mastercard is issued by First Bankcard®, a division of First National Bank of Omaha. This no annual fee card doesn’t have a ton of benefits, but it could be good for a loyal Mlife member.
Here are the benefits you get as an Mlife Rewards Mastercard cardholder:
- Automatic Upgrade to Pearl Level Status (Free parking, buffet line pass, 10% bonus on points and express comps.)
- Priority Hotel Check-in at M life Resorts
- No Annual Fee
- No Foreign Transaction Fees
Mlife Rewards Mastercard Earnings
This card earns points in the Mlife Rewards program. The points can be used for Express Comps on property as well as for FREEPLAY. Note you also earn tier credits as well. Here is how you will earn when spending with the Mlife Rewards Mastercard:
- 3X points and tier credits per $1 spent at MLife Rewards destinations worldwide.
- 2X points and tier credits per $1 spent on gas station and supermarket purchases.
- 1X points and tier credits per $1 spent everwhere else.
Mlife Rewards Mastercard Sign-Up Bonus
While not as big as you will find with some other hotel cards, the Mlife Rewards Mastercard does have a sign-up bonus. Here is the current offer:
- 10,000 points ($100) when you spend $1,000 in the first 3 billing cycles.
The application link along with the full details of the card can be found here.
Mlife Rewards Mastercard Review & Analysis
Unfortunately the Mlife Rewards Mastercard isn’t going to win any huge award for innovation, but it could be good for someone enveloped in the Mlife ecosystem. One big drawback with this card are the points. When you spend on this card the points earned are worth $.01 each, but they can only be used for Express Comps or FREEPLAY. This means you are tied to spending your earning at Mlife properties.
One other thing to consider is opportunity cost. With this card you are earning less than you would with a straight 2%+ cashback no annual fee card that gives you actual cash. There is the benefit of also earning tier credits, which could be nice to top off your status, but I think this will only appeal to a very select few. Just know your use for this card if you decide to get it.
A Much Better Alternative
For many, the allure of free parking and Pearl status will be a reason to consider the Mlife Rewards Mastercard, but remember that the World of Hyatt Credit Card from Chase gives you Discoverist status which can currently be matched to the same Pearl status you would receive from holding this card. Yes, the Hyatt card has an annual fee, but it comes with a MUCH more valuable sign-up bonus and perks like free nights and more. I highly recommend checking it out, because it is a much more robust offering.
Mlife Rewards Mastercard Review – Bottom Line
The Mlife Rewards Mastercard has been around awhile, but the company doesn’t seem to want to make any changes. That is unfortunate since it is a truly niche card, but I suspect enough people are signing up just to get the free parking. For most people a different travel rewards credit card or the World of Hyatt Credit Card are probably better options.
Do you agree with our Mlife Rewards Mastercard review? Do you have this card and elite status with Mlife? Share your thoughts below!