Is the Royal Caribbean Visa Signature credit card worth it? | July 2018

Royal Caribbean® Visa Signature® Credit Card review – July 2018

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Bonus points at signup are generous, but rewards for spending are weak compared with other travel cards.

30-second take

  • Get this card if… you cruise with Royal Caribbean, Celebrity Cruises or Azamara Club.
  • Pick something else if…you want more options in redeeming points for rewards.
  • Recommended excellent credit score of 720 to 850.
Product NameRoyal Caribbean® Visa Signature® Credit Card
Card TypeVisa
Annual Fee$0
APR (Annual Percentage Rate) for Purchases14.74% to 24.74% variable
Balance Transfer Fee3% or $10 (whichever is greater)
Cash Advance Rate17.74% to 26.74% variable
Cash Advance Fee$10 or 5% of the cash advance amount, whichever is greater
Foreign Transaction FeeNone
Interest Free PeriodUp to 25 days
Minimum Interest$1.5
Late Payment Fee$38
Returned Payment Fee$27
Additional Cardholder Fee$0
Minimum Age18 years of age
Welcome BonusEarn 10,000 points after your first purchase
Reward Value per Dollar1 points
Rewards Points ExpiryNever

Among a series of travel cards offered by Bank of America is the Royal Caribbean® Visa Signature® Credit Card, offering rewards toward credits, excursions and more with Royal Caribbean and its sister brands.

It’s smooth sailing at the start, with 10,000 MyCruise points with any purchase made in the first 65 days of account opening. But with 1x points for purchases with Royal Caribbean and 2x points for all other spending, you can find stronger rewards with other travel cards.

The basics

The Royal Caribbean® Visa Signature® Credit Card could work well for you if you’re one of those lucky people who plan to cruise with Royal Caribbean: The easily earned 10,000 MyCruise bonus points equal $100 in onboard credit. On board Royal Caribbean, Celebrity Cruises and Azamara Club, you’ll earn 1x points for qualifying purchases. But everyday spending earns you just 2x points toward future travel.

The no annual fee works in your favor, as does the card’s $0 overseas transaction fee. You’ll also receive a $50 Air2Sea airfare discount if you spend $3,500 on purchases in the first 90 days of account opening.

The perks

  • Signup bonus.

    Get 10,000 MyCruise points after your first purchase within 65 days of account opening, as well as a $50 Art2Sea discount when you spend $3,500 in the first 90 days — easily earned if you haven’t yet bought tickets for your upcoming cruise. Your points are credited to your account 6 to 8 weeks after you qualify for the card.

  • Points rewards.

    Earn 1x points on qualifying purchases with Royal Caribbean, Celebrity Cruises and Azamara Club. All other purchases fetch you 2x points.

  • Redeem points.

    Redeem points through MyCruise Rewards for cruise vacations, onboard credit, stateroom upgrades, discounted companion fares and more on Royal Caribbean, Celebrity Cruises and Azamara Club.

  • $0 annual fee.

    The Royal Caribbean card comes with no annual fees for life.

  • 0% foreign transaction fees.

    When you use this card outside of the US, you’ll pay no foreign transaction fees.

You’ll also like …

  • Visa Signature benefits.

    Get auto rental collision damage waiver, roadside dispatch, travel and emergency assistance services and round-the-clock access to Visa Signature Concierge.

  • Security and protection.

    The card comes with chip technology for enhanced protection and offers a $0 liability guarantee for fraudulent transactions.

  • Points good for five years.

    You’ll have up to 60 months to use your MyCruise points before they expire, giving you plenty of time to plan your next sea adventure.

What to watch out for

  • Weak rewards program.

    Loyalty benefits are overwhelmingly for one thing: high-end cruises. You’ll find better general travel rewards with other cards.

  • Penalties.

    A late payment can set you back by $38 and accrue a long-time penalty APR of up to 29.99% variable. Returned payments come with penalties of up to $27.

Consider other cards if …

  • You don’t cruise with Royal Caribbean or sister brands.

    If you aren’t planning to sail the high seas anytime soon, you’re better off with a rewards card that rewards you for general travel.

  • You want cash back.

    If you’re looking to redeem points for cash back or statement credit, find a suitable cash back card instead.

Compare other Bank of America credit cards

Updated July 18th, 2018
Name Product APR for Purchases (Purchase Rate) Intro APR for Balance Transfer Annual Fee
12.99% to 22.99% variable
$0
Earn up to 3% cash back on business purchases with the Business Advantage Cash Rewards Mastercard® credit card.
14.74% to 24.74% variable
0% for the first 15 statement closing dates (then 14.74% to 24.74% variable)
$0
Transfer high rate balances and save on interest with an Introductory $0 balance transfer fee for the first 60 days your account is open. After that, the fee for future balance transfers is 3% (min. $10).
14.74% to 24.74% variable
$0
10,000 MyCruise® bonus points offer. Good for onboard credits, stateroom upgrades, discounts, cruises and more.
16.74% to 24.74% variable
$99
No matter where you're travelling, feel free to use your Asiana Visa Signature® credit card without incurring foreign transaction fees when making purchases.
16.74% to 24.74% variable
$75
Buy one ticket, get one for just the taxes and fees ($0 fare plus taxes and fees from just $22) after you make $1,000 or more in purchases within the first 90 days of your account opening. There are no blackout dates.
16.74% to 24.74% variable
$90
Get 20,000 Flying Club bonus miles after your first purchase.
14.74% to 24.74% variable
0% for the first 12 statement closing dates (then 14.74% to 24.74% variable)
$0
1% cash back on purchases, 2% at grocery stores and wholesale clubs and 3% on gas for the first $2,500 in combined grocery/wholesale club/gas purchases each quarter.
14.74% to 24.74% variable
$0 annual fee for the first year ($59 thereafter)
15,000 bonus miles after your first purchase-enough for up to 3 roundtrip off-peak award tickets with taxes and fees from $12 per award.
14.74% to 24.74% variable
$0
10,000 bonus WorldPoints® reward points offer. That's enough for $100 off your next cruise.
17.74% to 24.74% variable
0% for the first 12 statement closing dates following the opening of your account (then 17.74% to 24.74% variable)
$99
Earn 15,000 Bonus Points - equal to $150 off your next Allegiant trip, after you make $1,000 or more in purchases within the first 90 days
14.74% to 24.74% variable
0% for the first 12 statement closing dates (then 14.74% to 24.74% variable)
$0
Online $150 cash rewards bonus after making at least $500 in purchases in the first 90 days of your account opening.
14.99% to 24.99% variable
0% for the first 12 statement closing dates (then 14.99% to 24.99% variable)
$0
Earn more cash back for the things you buy most.
21.99% variable
$39
Help establish, strengthen - even rebuild your credit
16.74% to 24.74% variable
$0
20,000 online bonus points offer. Ditch the restrictions of typical airline rewards cards. Any airline, any hotel, anytime. No blackout dates.
14.74% to 24.74% variable
0% for the first 12 statement closing dates (then 14.74% to 24.74% variable)
$0
Online $150 cash rewards bonus after making at least $500 in purchases in the first 90 days of your account opening.
14.74% to 24.74% variable
$79
20,000 bonus points offer. That's enough points to redeem for a trip to many of our over 500 destinations.
14.74% to 24.74% variable
0% for the first 12 statement closing dates (then 14.74% to 24.74% variable)
$0
1% cash back on every purchase, 2% at grocery stores and now at wholesale clubs and 3% on gas for the first $2,500 in combined grocery/wholesale club/gas purchases each quarter

Compare up to 4 providers

What to know before you apply

Apply for the Royal Caribbean® Visa Signature® Credit Card if you’re:

  • At least 18 years old.
  • A US citizen or permanent resident.

Always consider your options and your financial situation before you apply for a credit card.

What credit score do I need?

The chances of your application’s approval increase with an excellent credit score of 720 or higher.Bottom line

How to apply for the card

  1. On the Royal Caribbean® Visa Signature® Credit Card website, click Apply Now.
  2. Provide your personal information and financial details. Click Review your information.
  3. Confirm that your information is correct and submit your application.

How long will it take to be approved?

Bank of America’s online conditional approval system informs you of your application’s status nearly immediately.

I got the card. Now what?

  • Turn to online banking. Use Bank of America’s online banking platform to pay your statement and check your available credit 24/7.
  • Avoid unnecessary interest. Bank of America gives you 25 grace days after each billing cycle to pay for your purchases with no interest
  • Avoid fees. Late and returned payments come with stiff penalties of up to $38. Balance transfers come with fees as well.
  • Customer service. Speak to a customer service representative at 800-732-9194 or get online assistance via Ask Jenn. You can also connect with BofA on Twitter @BofA_Help or Facebook @BankofAmerica.

Bottom line

Getting the Royal Caribbean® Visa Signature® Credit Card makes sense only if you’re the cruising kind and use the services of Royal Caribbean, Celebrity Cruises or Azamara Club. Otherwise, you’ll find better rewards credit cards — overall and brand specific — out there.

Common questions about the Royal Caribbean® Visa Signature® Credit Card

Adrienne Fuller

Adrienne Fuller leads the publishing team at finder.com. She has one goal: to deliver the accurate and transparent information she wishes she had when she made some of life's important financial decisions. When she's not helping folks save money, she's hiking with her two Catahoulas around her home in San Diego.

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6 Responses

  1. Default Gravatar
    JohnMay 14, 2018

    If I apply for a card and make my first purchase as soon as i get it will i be able to use the onboard $100 credit when I cruise between 5/20-5/27?

    • finder Customer Care
      AshMay 15, 2018Staff

      Hi John,

      Thank you for visiting finder.

      Once you have made your first purchase upon card approval, the 10,000 MyRewards points will be credited to your account in 6-8 weeks. You may then redeem the $100 onboard credit as soon as the 10,000 MyRewards points has credited to your account once you qualify.

      You may not be able to use the $100 onboard credit on your scheduled cruise as it will take at least 6 weeks for the Bonus MyRewards points to reflect on your account.

      I hope this helps.

      Let us know if there is anything else that we may assist you with.

      Cheers,
      Ash

  2. Default Gravatar
    RonMarch 3, 2018

    What is the minimum purchase to get the $100 shipboard credit and 10,000 points?

    • finder Customer Care
      RonMarch 29, 2018Staff

      Hello Ron,

      Good day! Appreciate you contacting finder regarding your inquiry today.

      Get 10,000 MyCruise points after your first purchase within 65 days of account opening, as well as a $50 Art2Sea discount when you spend $3,500 in the first 90 days — easily earned if you haven’t yet bought tickets for your upcoming cruise. Your points are credited to your account 6 to 8 weeks after you qualify for the card. Please note that the 10,000 MyCruise points equal $100 in onboard credit.

      Hope this helps!

      All the best,
      Ron

  3. Default Gravatar
    AudreyJuly 29, 2017

    I already have a banking account with Bank of America. How do I get a Royal Caribbean Visa Signature® Card? What is the fee? what are the perks? ie, 10,000 points for enrolling. Does the card have protection, security, fraud, . What about travel insurance- lost baggage?medical protection while travel?

    • finder Customer Care
      HaroldJuly 30, 2017Staff

      Hi Audrey,

      Thank you for your inquiry.

      1. To apply for this card you must:
      – At least 18 years old.
      – A resident of the US.

      2. Fees that may apply
      – Annual fee $0
      – Returned Payment Fee $27
      – Late Payment Fee $38

      3. Security and protection. The card comes with chip technology for enhanced protection and offers a $0 liability guarantee for fraudulent transactions.

      4. Signup bonus. Get 10,000 MyCruise points after your first purchase in 65 days of account opening as well as a $50 Art2Sea

      I hope this information has helped.

      Cheers,
      Harold

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