Board Thread:Game Discussion/@comment-58.111.181.69-20130907033230/@comment-24829740-20140827163026

Looks like people covered all the high points. Yes there is a bonus, yes for all of your knights in all areas of the game.

One thing to add: if you are an HC or higher you can see what the bonuses are by going to a player in your guild and pretending you're going to promote them. It will say exactly what changes.

Whole thing is kind of stupid though... if you're leveling a new account, you might as well create your own guild because no one in a level 10 elemental bonus guild is going to take a level 1 account in, so this fast tracks you to the 10% bonus.