To do so, simply stop by any one of our Caesars Rewards centers with your valid photo ID and a representative will transfer the credits from your account to the account you wish to be gifted. Members with a Tier Status of Platinum or above, may gift Reward Credits twice a year at 5,000 credits ($50.00) each time or once at 10,000 credits.Caesars Rewards properties toward hotel room charges (when the reservation is booked through Caesars Rewards) at the time of check-out and free play by visiting the Caesars Rewards Center.Reward Credits redeemed toward Gift Cards, in-room movies or at participating leased outlets are redeemed at a 2:1 ratio. Participating outlets are at a 1:1 ratio. Participating outlets where you can redeem Reward Credits can be found on our website under the Earn and Redeem section. It may take up to 30 days to process your upgrade request. Participating restaurants, spas, entertainment venues and retail outlets at Caesars Entertainment properties by presenting your Caesars Rewards card at the time of purchase. Upgrade to Diamond Tier Status New Caesars Rewards® members, present your valid eligible VIP loyalty card from select competitors at any Caesars Rewards Center between February 1 - Decemand we will upgrade you to Diamond status valid through January 31, 2024.