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

Royal Caribbean® Visa Signature® Credit Card review – September 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 Fee$10 or 3% of the transaction, 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 2x points for purchases with Royal Caribbean and 1x 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 2x points for qualifying purchases. But everyday spending earns you just 1x 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 2x points on qualifying purchases with Royal Caribbean, Celebrity Cruises and Azamara Club. All other purchases fetch you 1x 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® Visa Signature® Credit 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 travel credit cards

Name Product Welcome Bonus Reward Value per Dollar APR (Annual Percentage Rate) for Purchases Annual Fee
1 points
16.74% variable
$195
Enjoy unique excursions, privileged access to exclusive events and insider opportunities.
1 points
16.74% variable
$495
Mastercard Black Card members receive an annual $100 air travel credit toward flight-related purchases including airline tickets, baggage fees, upgrades and more.
2 points
16.74% variable
$995
Earn points every time you spend. Luxury Card enhances your purchasing power by providing you with one (1) point for every one dollar ($1) you spend. Every purchase gets you closer to the rewards you want.
Earn 60,000 points after spending $5,000 in the first 3 months
1 points
None (Charge Card)
$550
Get 5X Membership Rewards® points on flights booked directly with airlines or with American Express Travel and 5X points on eligible hotels booked on amextravel.com.
Earn 25,000 points after spending $2,000 in the first 3 months
1 points
None (Charge Card)
$0 annual fee for the first year ($195 thereafter)
25,000 bonus Membership Rewards® Points (up to $250 value) when you spend $2,000 in the first 3 months
Earn 25,000 points after spending $1,000 in the first 90 days
1.5 points
16.74% to 24.74% variable
$0
An intro offer rewards cardholders with a $250 value (25,000 online bonus points) after spending $1,000 within the first 90 days of account opening
Earn 50,000 points after spending $4,000 in the first 3 months
1 points
17.74% to 24.74% variable
$0 annual fee for the first year ($95 thereafter)
Earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $625 toward travel when you redeem through Chase Ultimate Rewards®
Earn 50,000 points after spending $3,000 in the first 90 days
1.5 points
17.74% to 24.74% variable
$95
Earn unlimited 2 points for every $1 spent on travel and dining purchases and 1.5 points for every $1 spent on all other purchases.
Earn 50,000 points after spending $4,000 in the first 3 months
1 points
17.74% to 24.74% variable
$450
Earn 50,000 BONUS POINTS after spending $4,000 on purchases in the first 3 months from account opening* — that's $750 toward travel when you redeem through Chase Ultimate Rewards®.
Earn 50,000 miles after spending $3,000 in the first 3 months
2 miles
14.74%, 21.24% or 24.74% variable
$0 annual fee for the first year ($95 thereafter)
Earn 40,000 miles after spending $2,000 in the first 3 months
1 miles
17.74% to 24.74% variable
$0 annual fee for the first year ($95 thereafter)
40,000 bonus miles after you spend $2,000 on purchases in the first 3 months from account opening.* Plus a $100 statement credit after your first purchase.
Earn 40,000 points after spending $1,000 in the first 3 months
1 points
17.74% to 24.74% variable
$99
40,000 bonus points after you spend $1,000 on purchases in the first 3 months your account is open

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.

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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8 Responses

  1. Default Gravatar
    DianeJuly 24, 2018

    We have reserved a cruise on Royal Caribbean for 2019. We have not made final payment but plan on doing so with the Bank of America/Royal Caribbean Visa card. Do you know if that purchase would be considered a qualified purchase from Royal Caribbean?

    • finder Customer Care
      nikkiangcoJuly 24, 2018Staff

      Hi Diane!

      Thanks for getting in touch!

      Yes, when you book a cruise on board Royal Caribbean, Celebrity Cruises, and Azamara Club, you’ll earn 1x points for qualifying purchases.

      Please carefully read the information above that says “THE PERKS”.

      Hope this clarifies!

      Cheers,
      Nikki

  2. 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

  3. 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

  4. 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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