Points · Mastercard · $249 annual fee
Last verified 2026-09-09. Review issuer source
FNBO MGM Rewards Iconic World Elite Mastercard is a $249-a-year points card from FNBO. Its best everyday rates are 2x on gas stations, 2x on grocery stores, and 2x on hotels; everything else earns 1x. There is also 6x on MGM Grand, a single-merchant rate. Rewards are MGM Rewards points that only spend inside that program, so we value them at roughly a third of a cent each.
On our reference budget of $24,600 a year its rewards come to $120, $129 short of the annual fee. That is normal at this price; the card only works if the perks replace spending you already do, or your bonus-category spending is far above a typical household's. The welcome bonus, 30,000 points after $5,000 in 3 months, adds to the first year's return.
Get it if you already fly or stay with MGM Rewards often enough to use the lounge access. A general travel card earns points that go more places.
2X - Earn 2 points and 2 tier credits per $1 spent on gas
2X - Earn 2 points and 2 tier credits per $1 spent at supermarkets
2X - Earn 2 points and 2 tier credits per $1 spent at hotels
6X - Earn 6 points and 6 tier credits per $1 spent at MGM Rewards Destinations
Earn 30,000 Bonus Points ($300 value) after spending $5,000 in the first 3 billing cycles of account opening
Complimentary Night up to $250 annually at card anniversary with $25,000 spend.
Self-parking is complimentary for current MGM Rewards™ World Elite Mastercard® cardholders. Guests must insert their Pearl, Gold, Platinum or NOIR MGM Rewards card at the exit gate to receive the free parking benefit.
Global Entry or TSA PreCheck® Statement Credit valid every 4 years, credited within 6-8 weeks of the transaction.
Priority Pass™ Digital Lounge Membership.
Pearl Status entitles you to many exciting perks! Your MGM Rewards Tier will remain at least Pearl Status as long as your MGM Rewards Mastercard account remains open and in good standing.
Show your MGM Rewards Mastercard when you arrive to gain access to priority hotel check-in at any MGM Rewards Destination.
$200 Resort Credit upon account opening and annually at card anniversary.
10,000 Tier Credit Bonus annually at card anniversary with $25,000 spend.
Trip Insurance including Trip Cancellation and Interruption, Trip Delay and MasterAssist. Visit card.fnbo.com/mgmrewards/mastercard/benefits for details.
These come from Mastercard, not from FNBO. Every card on the World Elite Mastercard tier carries them, so they should not decide between two cards.
Call 1-800-MASTERCARD (1-800-627-8372) for 24/7 assistance to report a lost or stolen card.
Enroll in HealthLock for Mastercard Medical Claim Monitor complimentary membership plus a 90-day upgrade to all HealthLock services at no monthly cost.
Groceries and more delivered in as fast as one hour. Get $10 off your second order each month, and new Instacart+ members can also get three free months of Instacart+. Offer expires 1/31/2027.
More rides means more adventure. Take three rides in a month with Lyft to earn a $5 credit.3* Plus, save 10% on all scheduled rides to or from U.S. airports when you pay with your World Elite or World Legend Mastercard. Offer expires 1/31/2027.
Get exclusive PGA TOUR® experiences and access amazing golf benefits with our Golf Concierge Service.
Monitor your credit file for fraud, get alerts for suspicious activity and access a resolution specialist.
Mastercard gives you exclusive access to premium preferred seats and ticket presales at top venues and festivals across the U.S. Eligibility restrictions, exclusions and terms apply. Offer expires 3/31/2027.
Save when you tap and go with your eligible Mastercard and receive a $2.50 statement credit when you spend $10 or more each month at participating transit systems.
Browse exclusive Mastercard benefits, book travel, get hotel upgrades and more.
Get $3 off Peacock Premium or Peacock Premium Plus each month when you use your World Elite or World Legend Mastercard to subscribe. Watch new movies from theaters, buzzworthy original series, hit TV shows, live sports and so much more. Eligibility restrictions, exclusions and terms apply. Offer expires 12/31/2027.
Enjoy experiences in culture, dining, sports, entertainment and more in over 45 exciting destinations around the globe.
With Mastercard Zero Liability protection you’re protected against unauthorized transactions in stores, online and in app.
Complimentary 24/7 concierge agent for lifestyle needs, travel bookings and event access.
Benefit descriptions are the issuer’s and network’s own wording, trimmed for length. Limits and exclusions are in the guide to benefits.
Priority Pass™ Digital Lounge Membership
| Card | Annual fee | Rewards earned | Net after fee | Rank |
|---|---|---|---|---|
| MGM Rewards Iconic World Elite Mastercard®This card · 2x on gas stations | $249 | $120 | −$129 | 1259th of 1,291 |
| Evergreen® by FNBOFNBO's most-held other card · 2% on everything | None | $492 | +$492 | 288th of 1,291 |
| Savor RewardsThe strongest no-fee card on this budget · 3% on dining | None | $642 | +$642 | 4th of 1,291 |
| Robinhood Gold CardHighest net return on this budget · 3% on everything | $50 | $798 | +$748 | 1st of 1,291 |
Reference budget: groceries $6,000, dining and restaurants $3,600, gas and ev charging $2,400, travel and transit $3,000, online shopping $2,400, entertainment and streaming $1,200, everything else $6,000. Points are valued at 1¢ unless the program is worth less; statement credits, welcome bonuses, and perks are left out. Run it with your own spending.
