Retreat to the untouched paradise of Bijao, in the Central American gem of Panama, for $200-$240 per person, per night (including taxes) at the Sheraton Bijao Beach Resort.

This all-inclusive deal comes with unlimited meals at the four restaurants and unlimited drinks, including alcohol, at the three bars.

To score this 20% discount and perks, book with a MasterCard. The special is available for travel through December 20.

As part of the deal, receive a 15% discount on spa treatments of at least 60 minutes, plus an in-room delivery of complimentary wine and seasonal fruit.

Panama has been dubbed the "Dubai of Latin America" for its tourism and development boom. Lounge by the resort's pools or beach, or venture outside the resort to explore the country's natural beauty -- such as Anton Valley's volcano.

Price calendars shown during the booking process will display any unavailable dates.

Note: Children ages 6-11 are an extra $50 per child, per night. Children ages 12 or older are an additional $100 per person per night.