In another discussion one of our Forum members said he has banked about $2,400 worth of Total Rewards comps known as "reward points" which can be used dollar-for-dollar for hotel charges including food and entertainment, and can also be converted into free play at less than a dollar-for-dollar rate.

I thought that was a lot of "banked comps" and while it might make sense for a casino player to bank comps for future use, you have to be careful about banking too many comps or "reward credits." Let me give a few reasons:

1. In the unlikely event that this player fails to earn any "tier points" over a six month period all of the Caesars Total Rewards reward credits (the comp dollars) will expire as worthless. This is one of the fine print rules for Total Rewards. Making a purchase through the Caesars website or using the Caesars-sponsored credit card can extend the life of your comps even if you don't play in a casino for a six-month period -- but you have to be alert to this.

2. The casino could change the rules for banked or strored reward credits. I am not saying Caesars plans to do this but it is possible they could announce some sort of change in the rules and require players to use up their comp dollars before earning more. Some "reward programs" don't allow additional comps to be banked over and above a certain amount -- and Caesars could adopt this change, or make other rule changes.

3. Caesars could file for bankruptcy protection and wipe out the comps without warning or notice. I'm not saying that Caesars is headed for bankruptcy court, but there are so many rumors about this company and what it might be forced to do to get a handle on its debt and bankruptcy has been mentioned.

4. Caesars could be forced to make changes in the face of creditors' demands or a hostile takeover. Caesars' stock price is expensive for a company saddled with as much debt as it has, and while a "Black Knight" would not want to buy Caesars' stock (fearing its overvalued) the unwanted hostile bidder for Caesars could purchase the company Bonds and influence management decisions as a bondholder.

Now, if Caesars is anything like General Motors, it will try hard not to alienate its loyal customers with changes to its Total Rewards program. I mention GM because when GM went into bankruptcy it made a public announcement that it would not interfere with its credit card program that awarded points for a discount on a new car. I have the GM credit card and I have more than $3,000 of credits towards a new car for myself or a relative.

Even if you have no fear of losing the comp dollars $2,400 is a lot of comp dollars that could be used in gift shops or taking friends for dinner or buying show tickets or getting free play.

In the case of a 7Stars player $125 of comp dollars gets $100 of free play. So $2,400 of "comp dollars" can buy $1,920 of free play and that's a nice bankroll to use instead of cash out of your own pocket.