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FoundersCard: Is it worth paying $595 a year for elite status and discounts?

Surprisingly, I pay an annual payment for one card that isn’t a bank card: FoundersCard.

It’s a membership neighborhood providing reductions and advantages in many various way of life classes. This card has many advantages, reductions and facilities that make journey simpler and improve my way of life.

You may get these advantages with out having to use for a bank card, however is the cardboard well worth the membership payment? Let’s dig in.

The data for the FoundersCard bank card has been collected independently by The Factors Man. The cardboard particulars on this web page haven’t been reviewed or supplied by the cardboard issuer.

What’s FoundersCard?

FoundersCard is a membership program that gives elite standing, journey reductions, complimentary subscriptions and particular pricing with way of life manufacturers. It isn’t a bank card, and you’ll’t make any purchases with it.

Regardless of the title, you do not have to be a “founder” or entrepreneur to have this card; anybody is welcome to use. The appliance course of is brief, and a choice is often given inside two days.

How a lot does a FoundersCard membership value?

There are two membership tiers:

  • Customary: $595 a 12 months
  • All Entry Elite: $995 a 12 months

You have to pay an extra $95 initiation payment.

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Sometimes, discounted membership gives can be found. I’ve seen the usual membership go for as little as $295 a 12 months for all times. In actual fact, I used to be in a position to safe that fee. On condition that the cardboard supplies me with outsize worth, I’ll proceed to resume my membership annually.

Listed below are the variations between the 2 membership tiers:

FOUNDERSCARD

The usual membership is greater than sufficient for my wants. All the advantages, credit and reductions I obtain greater than cowl the annual membership payment.

It is value noting that lots of the FoundersCard advantages overlap with advantages I obtain from my Enterprise Platinum Card® from American Specific, equivalent to Hilton Honors Gold standing and Hertz 5 Star standing*, however there are distinct advantages I take advantage of which can be solely out there with FoundersCard.

*Enrollment within the Hertz Gold Plus Rewards Program is required

Associated: A brand new luxurious membership card guarantees elite perks. Is it well worth the payment?

Advantages of FoundersCard

FoundersCard has over 500 advantages which can be damaged into classes equivalent to journey, buying subscriptions and enterprise providers. Membership provides you elite standing and advantages just like these supplied by premium journey rewards bank cards with out including one other bank card to your pockets. A few of these advantages embrace:

  • Advantages for companies: Save as much as 35% on enterprise providers like Amazon Net Providers, co-working areas, Shopify, Sq. and UPS.
  • Automotive reductions: Obtain reductions for Audi, BMW, Mercedes-Benz and Jeep.
  • Cellphone reductions: Save as much as 15% in your AT&T invoice.
  • Resort standing and companion partnerships: Get pleasure from Hilton Honors Gold standing and a standing problem for Marriott Bonvoy Platinum Elite standing. Moreover, FoundersCard has lodge partnerships by which members obtain particular charges and different elitelike advantages. These luxurious lodges are in cities like Los Angeles, Miami, New York and Tokyo and embrace Mandarin Oriental, Park Hyatt and The Ritz-Carlton.
  • Rental automotive standing and reductions: Obtain Hertz 5 Star standing and reductions and standing with Sixt and Avis.
  • Procuring reductions: Save as much as 30% at shops like Adidas, Mr. Porter and Reebok. The low cost could be stacked and used with buying portals, so you possibly can earn factors and miles and get monetary savings. I take advantage of the 30% low cost at Adidas ceaselessly to purchase health club attire.

Pairing FoundersCard with bank cards is the place you possibly can actually get excellent worth.

Airline reductions

FoundersCard has a number of airfare reductions with many airways world wide, together with:

  • Alaska Airways: 5% off base fares
  • British Airways: As much as 10% off most round-trip fares originating from the U.S. and Canada
  • Delta Air Strains: 10% off
  • Etihad Airways: As much as 10% off choose fares
  • Qantas: As much as 15% off Qantas fares between the U.S. and Australia or New Zealand (should buy within the U.S.)
  • Qatar Airways: As much as 10% off flights originating from the U.S.
  • Singapore Airways: As much as 15% off choose flights originating from the U.S.
  • United Airways: As much as 16% off

You possibly can e-book any cabin for these airways and obtain a reduction.

United is my most well-liked airline to fly, and I maintain United MileagePlus Premier Gold standing with the service. Each time I’ve used this low cost, it has given me precisely 16% off.

ZACH GRIFF/THE POINTS GUY

It is necessary to notice that with these reductions, you’ll nonetheless earn miles and spending qualifiers towards elite standing with the airline. Should you ceaselessly fly considered one of these airways and e-book costly fares, you could possibly simply save the price of the FoundersCard membership with only one flight buy.

You possibly can additional maximize the worth of this low cost by utilizing a cobranded airline bank card to earn miles.

Associated: Finest United Airways bank cards

Caesars Diamond standing

Observe that this profit could have disappeared as of February 2024, as per Miles to Reminiscences. If so, this drastically reduces the worth of a FoundersCard membership.

Caesars Diamond is a really helpful standing to have when you ceaselessly journey to Las Vegas or Atlantic Metropolis, New Jersey.

You used to have the ability to standing match into Wyndham Rewards after which to Ceasars. Now, you possibly can solely standing match from Wyndham Rewards to Caesars when you earned Wyndham standing by stays or by having a Wyndham bank card.

Some highlights of Caesars Diamond standing embrace:

  • Free or discounted lodge stays (this depends upon how a lot you gamble, as Caesars will ship you gives to entice you again to a property)
  • Early check-in and late checkout
  • No resort charges, saving you as much as $45 plus tax per day
  • Complimentary valet and self-service parking, saving you as much as $50 plus tax per day
  • Complimentary keep at Atlantis, Paradise Island in Nassau, Bahamas
  • $100 celebration dinner, which is an annual eating credit score that can be utilized at eating places in Caesars properties
DENIS PEPIN/SHUTTERSTOCK

The most important promoting level of Caesars Diamond standing is the complimentary keep at Atlantis, Paradise Island. The worth of this alone covers the price of the FoundersCard membership. You get 4 nights free and can purchase extra nights at $100 per night time. Nevertheless, you possibly can’t use the free nights throughout March, April or July. This is not a difficulty for me, as I can use the perk throughout colder months to flee the chilly Pacific Northwest winters.

Final 12 months, I used the $100 celebration dinner credit score at Mr. Chow’s in Caesars Palace; it was a really easy course of, because the restaurant simply took $100 off my whole invoice.

Associated: 15 greatest lodges in Las Vegas for a Sin Metropolis getaway

Different helpful advantages

  • Dell enterprise low cost value as much as 40%: I stack this low cost with the Amex Enterprise Platinum card’s as much as $400 annual Dell credit score. Saving 40% allowed me to get an additional monitor final 12 months with my annual credit.
  • Late checkout at IHG properties: That is helpful to me, as I do not ceaselessly keep at IHG properties or maintain an IHG bank card to have IHG One Rewards standing, however after I do go to an IHG lodge, having a 2 p.m. late checkout time is an added perk.
  • Sonesta Journey Move Gold standing: I’ve stayed at just a few Sonesta lodges, however I do not keep ceaselessly, so having some additional perks for these one-off stays is an additional advantage for me.
  • Most popular pricing on Equinox: I was a member of Equinox, and this most well-liked pricing saved me round $100 off my month-to-month membership. If in case you have The Platinum Card® from American Specific, you could possibly pair this low cost with as much as $300 annual Equinox credit score (topic to auto-renewal).
  • Complimentary TripIt Professional membership: A really helpful app for planning a visit and preserving your itinerary multi function place, this flight-tracking characteristic turns out to be useful for frequent flyers like me.

Downsides of FoundersCard

Regardless of FoundersCard having many nice perks and advantages, there are some downsides, together with:

  • Full checklist of advantages is not viewable earlier than membership: You’ve gotten to join membership and pay earlier than you will get the total checklist of advantages and options, so it may be robust to find out how a lot worth you’re going to get from every profit.
  • Steep annual payment: The cardboard has an annual payment just like that of premium bank cards.
  • Gives many advantages that bank cards supply: If in case you have premium journey playing cards just like the Amex Platinum, you would possibly discover that among the advantages overlap. FoundersCard additionally will not be a bank card, so you possibly can’t make purchases or earn any miles and nonetheless need to pay an annual payment.
FOUNDERSCARD

FoundersCard is greatest paired with a journey rewards card to maximise the reductions and earn factors and miles.

Backside line

Many advantages with FoundersCard could be accessed with premium bank cards just like the Amex Platinum or the Chase Sapphire Reserve. Nevertheless, many way of life and journey advantages present me with outsize worth well worth the $295 I pay yearly.

I feel this card is value making use of for if you will get a fee beneath the usual membership value. You might also discover nice worth in having the cardboard when you run a enterprise and might benefit from the assorted enterprise reductions and advantages.

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