Carnival® World Mastercard® review | finder.com

Carnival® World Mastercard® review

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Carnival® World Mastercard®

Redeem points at a higher rate to get the most out of your rewards.

30-second take

  • Get this card if you consistently make purchases of $1,500 or more with Carnival.
  • Pick something else if you’re looking for general travel rewards.
  • Apply with a good to excellent credit score of 670 to 850.
Product NameCarnival® World Mastercard®
Card TypeMastercard
Annual Fee$0
APR (Annual Percentage Rate) for Purchases16.24%, 21.24% or 26.24% variable
Introductory Purchase APR

N/A

Balance Transfer APR16.24%, 21.24% or 26.24% variable
Introductory Balance Transfer APR 0% for the first 15 billing cycles (then 16.24%, 21.24% or 26.24% variable)
Balance Transfer Fee$5 or 3% of the transaction, whichever is greater
Cash Advance Rate27.49% variable
Foreign Transaction FeeNone
Cash Advance Fee$10 or 5% of the cash advance amount, whichever is greater
Interest Free PeriodUp to 23 days
Late Payment FeeUp to $37
Returned Payment FeeUp to $37
Additional Cardholder Fee$0
Minimum Age18 years of age
Welcome OfferEarn 10,000 bonus FunPoints after you use your card for the first time. That's enough to redeem for a credit of up to $100 toward your next cruise purchase on Carnival.
RewardsEarn 2x FunPoints on Carnival Cruise Line and 1x FunPoints on purchases everywhere else.
Base Rewards1x points
Rewards Points ExpiryNever

The basics

After you earn points with the Carnival® World Mastercard®, you can redeem them for a variety of rewards.

The highest-value redemption option: statement credit for a Carnival Cruise Line purchase that costs between $1,500 and $5,000. Your points will be worth a higher redemption value, which can put it above the competition.

If you don’t think you’ll make Carnival purchases over $1,500, strongly consider another card. You can probably earn more rewards with a no-annual-fee cashback or travel product.

Another travel rewards card

Chase Sapphire Preferred® Card

  • Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 toward travel when you redeem through Chase Ultimate Rewards®
  • Chase Sapphire Preferred named "Best Credit Card for Flexible Travel Redemption" - Kiplinger's Personal Finance, June 2018
  • 2X points on travel and dining at restaurants worldwide & 1 point per dollar spent on all other purchases.
  • No foreign transaction fees
  • 1:1 point transfer to leading airline and hotel loyalty programs
  • Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards. For example, 60,000 points are worth $750 toward travel
  • No blackout dates or travel restrictions - as long as there's a seat on the flight, you can book it through Chase Ultimate Rewards
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Is the card worth getting?

Check out two scenarios: One where you spend modestly on cruises and one where you spend considerably on cruises.

$20,000 a year in everyday spending, $2,000 a year in cruises

Take a look at the Carnival® World Mastercard® column in the following table. If you redeem your rewards at a 1% rate, the card’s rewards lag behind that of the competition. Redeem at a 1.5% rate and the card pulls ahead.

Carnival® World Mastercard®Bank of America® Travel Rewards credit cardVenture® from Capital One®
Rewards from everyday spending20,00033,00044,000
Elevated rewards4,00000
Total rewards24,00033,00044,000
Value of rewards$240, $360 at 1.5% redemption rate$330$440
Ongoing annual fee$0$0$95
Total value of rewards$240, $360 at 1.5% redemption rate$330$345
$12,000 a year in everyday spending, $8,000 a year in cruises

If you’re an avid cruiser, you’ll like the Carnival® World Mastercard® even more. Of course, you’ll want to continue getting a 1.5% redemption rate for your points.

Carnival® World Mastercard®Bank of America® Travel Rewards credit cardVenture® from Capital One®
Rewards from everyday spending12,00030,00040,000
Elevated rewards16,00000
Total rewards28,00030,00040,000
Value of rewards$280, $420 at 1.5% redemption rate$300$400
Ongoing annual fee$0$0$95
Total value of rewards$280, $420 at 1.5% redemption rate$300$305

The perks

  • Annual fee: None.
    If you’re approved for this card, you won’t pay an initial fee to start using it. You can start earning rewards at no cost.
  • Signup bonus: 10,000 bonus points after your first purchase.
    According to the provider’s site as of December 2018, these points are enough for a $100 statement credit toward a cruise purchase with Carnival or World’s Leading Cruise Lines brands.

    You can also redeem your points for hotel stays, airfare, merchandise, gift cards and certificates, and cruise amenities.

  • Rewards: Earn FunPoints on every purchase.
    Earn 2x FunPoints on eligible purchases from Carnival Cruise Line and the World’s Leading Cruise Lines brands.

    Earn 1x FunPoints on all other purchases.

  • Intro APR: 0% for 15 billing cycles after each balance transfer that posts to your account within the first 45 days of card membership.
    While it lacks a purchase intro APR on purchases, this is a strong intro-APR period for balance transfers. Zero-percent-interest promotions usually top out at around 20 months.

You’ll also like …

  • 10% discount on eligible shore excursion packages.
    If you buy a Carnival shore excursion on the company’s website before your cruise, you’ll receive a 10% discount on it. This comes in the form of a statement credit that’ll usually post to your account within two business days.
  • No foreign transaction fees.
    This makes the card a great choice to take on all of your cruises. When you use your card abroad or at a foreign website, you won’t incur a fee.
  • Concierge service.
    Call the Barclays concierge service for recommendations on where to travel and what to do. It can also help if you need reservations for travel, entertainment, dining and more.

What to watch out for

  • Few elevated-rewards categories.
    You’ll earn elevated rewards only on purchases with Carnival Cruise Line and World’s Leading Cruise Lines brands. If you don’t spend much with them, consider another card that offers more lucrative rewards.
  • Time limit for balance transfer promotion.
    To receive the intro APR on balance transfers, your transfers must post within the first 45 days. If they post after that time, they’ll accrue interest at a 15.99%, 20.99% or 25.99% variable APR.

Compare credit cards for cruises

Name Product Welcome Offer Rewards Annual Fee
60,000 points after spending $4,000 in the first 3 months
2x points on travel and dining. 1x points on all other purchases
$95
Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months.
50,000 points after spending $4,000 in the first 3 months
3x points on dining and travel after earning your $300 travel credit. 1x points on all other purchases
$450
Earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months.
Earn 10,000 bonus FunPoints after you use your card for the first time. That's enough to redeem for a credit of up to $100 toward your next cruise purchase on Carnival.
Earn 2x FunPoints on Carnival Cruise Line and 1x FunPoints on purchases everywhere else.
$0
Earn 10,000 bonus FunPoints after you use your card for the first time. That's enough to redeem for a credit of up to $100 toward your next cruise purchase on Carnival.
Get 10,000 MyCruise® points after making a purchase within 90 days of account opening - enough for a $100 onboard credit
Earn 2x MyCruise points on qualifying purchases with Royal Caribbean® and their sister brands, Celebrity Cruises and Azamara Club Cruises®. Earn 1 MyCruise points on all other purchases
$0
Get 10,000 MyCruise® points after making a purchase within 90 days of account opening - enough for a $100 onboard credit.
Earn 10,000 bonus points after you use your card for the first time
Earn 2 points per dollar spent on all Princess purchases including onboard spending and 1 point per dollar spent on all other purchases
$0
Earn 10,000 bonus points after you use your card for the first time.

Compare up to 4 providers

How does a balance transfer work with this card?

  1. Apply for the card. You can request a balance transfer when you apply for the card. The minimum transfer is $100 and the maximum is $20,000. Just include the credit card number of your existing balance and how much you want to transfer.

    For each balance transfer, you’ll pay a fee of $5 or 3% of the transaction amount, whichever is greater.

    If you don’t want to make a transfer when you apply, you can request one later.

  2. Keep track of your balance transfer time limits. Barclays offers 0% intro APR on balance transfers for 15 billing cycles, but only for transfers that post to your account within the first 45 days.

    If your transfer posts to your account after that time, it’ll accrue interest immediately at a 15.99%, 20.99% or 25.99% variable APR.

    Barclays transfers usually post within five business days. This is a general estimate, however, and transfers can sometimes take up to a few weeks. For this reason, it’s best to make your transfers as early as possible if you want an intro APR.

  3. Create a plan for paying off your balance transfer. If you haven’t paid off your balance transfer by the time your intro APR expires, it’ll accrue interest at the ongoing APR.

    To avoid this, try to pay off your balance transfer steadily over your intro-APR period.

What is balance transfer intro APR?

What should I know before I apply?

To apply for the Carnival® World Mastercard®, you must be at least 18 years old and a US resident. Residents of Puerto Rico and US territories are not eligible.

Information you’ll need

  • Full name and contact information.
  • Permanent address, time at permanent address and residential status.
  • Annual income and employment information.
  • Social Security number, date of birth and mother’s maiden name.

What do customers say about the Carnival® World Mastercard®?

Barclays Bank currently has an A+ rating from the Better Business Bureau (BBB). It has over 1,100 customer complaints on its profile. According to the BBB, most of these complaints have been answered or resolved.

One of the biggest complaints from reviewers is with customer service. You may want to set aside extra time when calling in to account for long hold times.

How to apply for the Carnival® World Mastercard®

I got the card. Now what?

  • Make timely payments. Pay your bill online at the Barclaycard website, where you can also enroll in autopay.
  • Avoid interest. After the close of each billing cycle, you have a grace period of 23 days to pay your balance. If you do, you won’t pay interest on your purchases.
  • Avoid fees. Late and returned payments come with hefty fees of up to $37. Balance transfers and cash advances also come with fees.
  • Customer service. If you have questions, contact Barclays US customer service at 866-928-8598.

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Bottom line

At first glance, the rewards strategy with this card seems clear: spend as much as you can with Carnival or World’s Leading Cruise Lines brands. The truth is, that might not earn you more more rewards than you’d get with another top travel card.

The key to making the Carnival® World Mastercard® shine is consistently redeeming points for statement credit at a 1.5% rate. You can do that by making Carnival purchases between $1,500 and $5,000.

If you don’t think you’ll spend that much, consider other travel cards. You’ll find plenty of great options to choose from.

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