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Carnival World Mastercard Review

overall rating

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The Carnival World Mastercard offers 20,000 bonus FunPoints after making your first purchase or balance transfer, 2 FunPoints per dollar spent on purchases with Carnival and World's Leading Cruise Lines, and a 10% statement credit for select Carnival shore excursion purchases, with no annual fee. Unfortunately, other cards can beat the rewards this card offers.

Carnival® World Mastercard®

Overall Rating
Carnival® World Mastercard®
On Barclaycard's Secured Site.
Current Offer

Earn 20,000 FunPoints® after making your first purchase or balance transfer. That's enough FunPoints® to redeem for a $200 statement credit towards your next cruise.

Recommended Credit
Score Our recommended ranges are based off of the FICO® Score 8 credit-scoring model. Credit score is one of the many factors lenders review in considering your application.
350 579
580 669
670 739
740 799
800 850
Good - Excellent
Regular APR (%) 14.99% - 23.99% variable
Annual Fee $0
Rewards Earning Rate Earn 2X FunPoints for every dollar spent on any purchases with Carnival Cruise Lines and 1X FunPoints on all other purchases.
INTRO PURCHASE APR 0% for 6 Billing Cycles
INTRO BALANCE TRANSFER APR 0% for 15 Billing Cycles
Balance Transfer Fee Either $5 or 3% of the amount of each transfer, whichever is greater.
Foreign transaction fee (%) 0%
how this card stacks up
When compared among all rewards cards in our database:
Low Fees
Security/Customer Experience
Low Interest
worst best

The Carnival® World Mastercard® is not one of our top rated rewards credit cards. You can review our list of the best rewards credit cards for what we think are better options.

Full Review of Carnival World Mastercard

  • Bonus is awarded after making a purchase or balance transfer

  • 10% statement credit for select Carnival shore excursion purchases

  • Introductory 0% APR for 15 months on  balance transfers made within 45 days of account opening, with the ability to earn points

  • Promotional 0% APR for six months on Carnival cruise bookings

  • Must redeem points on large Carnival purchases to get higher redemption value

  • Points earning rates are low

  • Redeeming FunPoints for non-cruise-related expenses results in a lower value

Pros Explained

  • Bonus Requires only a Modest Spending Requirement: To earn the 20,000 FunPoints bonus, you only have to make a single purchase or transfer a balance to the card. The bonus is worth $200 toward a Carnival Cruise.
  • 10% Statement Credit for Select Carnival Shore Excursion Purchases: Purchases of shore excursions on prior to your cruise qualify for a 10% discount on the shore excursion package before taxes and fees. The 10% discount shows up on the same statement as your shore excursion purchase. Shore excursions booked elsewhere or through third-party companies do not qualify.
  • Introductory 0% APR for Balance Transfers, with the Ability to Earn Points: This card offers an introductory 0% APR on balance transfers for 15 months as long as the transfers are made within 45 days of account opening. In addition, you earn 1 FunPoint per dollar transferred within the first 30 days, for up to 5,000 FunPoints. You do have to pay a balance transfer fee of $5 or 3% of the amount transferred, whichever is greater.
  • Promotional 0% APR for Six Months on Carnival Cruise Bookings: The Carnival World Mastercard offers a 0% promotional APR on Carnival cruise bookings for six months. This can help you pay for your cruise interest-free as long as you pay the balance off before the introductory period expires.

Cons Explained

  • Must Redeem Points on Large Carnival Purchases to Get Higher Redemption Value: In order to get the most value out of your FunPoints, you must redeem them for a statement credit on Carnival purchases of $1,500 to $5,000. This results in a 1.5 cents per FunPoint value. While it isn't difficult to spend at least $1,500 on a cruise, many people make payments on their cruise over time. If your payment isn’t at least $1,500, you won’t qualify for the higher redemption rate.
  • Points Earning Rates Are Low: This card's points earning rates are low when you consider that you only earn 2 FunPoints per dollar spent on purchases with select cruise lines. All other purchases earn just 1 FunPoint per dollar spent. A 2% cash back credit card or a credit card that earns bonus points in the categories where you spend the most money would likely provide more rewards.
  • Redeeming FunPoints for Non-cruise-related Expenses Results in a Lower Value: If you don’t redeem your FunPoints for a cruise on Carnival Cruise Line or World’s Leading Cruise Lines, your FunPoints will likely be worth less than a penny each. Combine this with the low points earning rates on this card and it isn’t hard to see how other credit cards can provide more value. 

This Card is Best For

  • Avatar for Annual Fee Averse Persona
    Resists or refuses an annual fee on principle or due to cost
    Annual Fee Averse
  • Avatar for Rewards Strategist Persona
    Seeks to maximize points or miles earnings across spending categories
    Rewards Strategist

This card is for Carnival Cruise Line fans who have to have a Carnival credit card in their wallet. The card’s points earning rates are low and it offers bonus points only on cruise-related purchases. A simple 2% cash back credit card could provide an equal or greater value, while offering more flexibility in redeeming your rewards. The exception is if you redeem the points you earn from qualifying cruise purchases for a Carnival cruise purchase of $1,500 or more. In this rare case, you’d get a 3% value from your purchases. 

Carnival World Mastercard's Bonus

You can earn 20,000 bonus FunPoints after making a single purchase or transferring a balance. The bonus will show up on the statement in which you earn the bonus. Additionally, you can earn 1 FunPoint for each dollar of balance transfers made within the first 30 days after your account is opened, up to a maximum of 5,000 FunPoints. 

The bonuses are intended for people who don’t currently have and have not previously had a Carnival Mastercard. If you receive a bonus you aren’t eligible for, Barclays U.S. may revoke the bonus or charge your account for the fair value of the bonus.

Rewards Earning Details

You earn 2 FunPoints per dollar spent on Carnival Cruise Line purchases as well as purchases with the brands of World’s Leading Cruise Lines. You’ll also earn 1 FunPoint per dollar spent on all other purchases.

There aren’t any limits to the number of FunPoints you can earn and they don’t expire. However, the program must continue and your credit card account must be open, active, and in good standing. To maintain eligibility for the program, your account can’t have been inactive for six billing cycles in a row. You cannot earn or redeem FunPoints during billing cycles where you fail to make the minimum payment due by the due date, your account becomes delinquent, or you are otherwise in default. You may forfeit your points if your account becomes seriously delinquent, you are in default, or your account is closed for any reason.

Rewards Redemption Details

You can redeem your FunPoints in many ways, but the highest value option is redeeming them for a statement credit for Carnival transactions of $1,500 up to $5,000. This option values your points at 1.5 cents per point. You can also redeem your FunPoints for a statement credit on Carnival purchases of $50 up to $1,499.99 as well as World’s Leading Cruise Line transactions at a 1 cent per point value. The minimum redemption option for statement credits is $50 and the maximum is $5,000 with $50 increments in between.

Other options include airline or hotel statement credits at a value of 0.9 cents per point, onboard amenities, gift certificates starting at a value of roughly 0.76 cents per point, and merchandise and travel redemptions through Loyalty Edge at varying rates.

How to Maximize Your Rewards

To maximize your rewards, make sure you put all your Carnival Cruise Line and World’s Leading Cruise Lines purchases on the card to earn 2 FunPoints per dollar. You will qualify for the bonus of 20,000 FunPoints after making your first purchase, as well. Once you have enough points to redeem for at least a $50 statement credit, redeem your points on a Carnival Cruise Line purchase of $1,500 to $5,000 to receive the higher 1.5 cents per FunPoint redemption rate.

Standard Benefits

  • Discount on some shore excursions, via a 10% statement credit 
  • No foreign transaction fee on international purchases

Cardholder Experience

Barclays US, which issues the Carnival World Mastercard, received a score of 796 out of 1,000 in J.D. Power’s 2020 U.S. Credit Card Satisfaction Study. This score is below average and they ranked ninth out of 11 issuers.

Barclays US offers FICO score access for accounts that have had activity in the last 150 days, are open and in good standing. If you have questions about your account, you can call 877-523-0478 or the number on the back of your card. Barclays U.S. also has a mobile app. Once logged in to your online banking account, you can also send a secure message.

Security Features

The Carnival World Mastercard has the standard security features you’d expect from a credit card. Additionally, it offers chip-and-PIN functionality, which can be useful in cruise ports that have unattended terminals that only accept such transactions. You can also temporarily lock or unlock your card for any reason.

Fees to Watch Out For

The fees on this credit card are fairly standard. On the plus side, it has no annual fee and no foreign transaction fees. However, it does charge for balance transfers—$5 or 3% of the amount, whichever is greater. Some other cards have introductory offers with no balance transfer fees.

Our Verdict

The Carnival World Mastercard can provide a little bit of value to loyal Carnival Cruise Line customers who put their cruise purchases on the card and then redeem their FunPoints for Carnival Cruise Line purchases of $1,500 to $5,000. Otherwise, you could earn more flexible rewards with a 2% cash back credit card or one with higher bonus levels in particular spending categories.

Next Steps
For Carnival® World Mastercard®
on Barclaycard's Secured Site.
Compare This Card
See how this card compares to similar cards
Carnival® World Mastercard®
overall rating
Recommended Credit
Score Our recommended ranges are based off of the FICO® Score 8 credit-scoring model. Credit score is one of the many factors lenders review in considering your application.
350 579
580 669
670 739
740 799
800 850
Good - Excellent
Regular APR (%) 14.99% - 23.99% variable
Annual Fee $0
Rewards Earning Rate Earn 2X FunPoints for every dollar spent on any purchases with Carnival Cruise Lines and 1X FunPoints on all other purchases.
Investopedia Credit Card Rating Methodology
Investopedia is committed to delivering the best credit card recommendations in the industry. We’ll tell you when a card is good, we’ll tell you when a card is bad, and we’ll only call a card the best if we would recommend it to our friends or family members.
Overall Star Rating Explained
To rate credit cards we objectively assess, score and weight nearly 100 individual card features which roll up into five major feature sets: fees, interest, rewards, benefits and security/customer service. Here’s how we weighted those feature sets for the overall star rating of a card:
We have applied our proprietary rating methodology to every generally-accepted credit card in the U.S. domestic market to allow consumers to make fully informed choices. It’s important to note that for our overall score that we make a number of assumptions about how you would be using your credit card:
  1. While we make no assumption as to whether balances are carried on a given card we do assign varying weights to all credit cards’ introductory APR (if present) in addition to the regular, long term purchase and balance transfer interest rates.
  2. We utilize BLS (U.S. Bureau of Labor Statistics) income and average category spending data to calculate annual earnings rates for rewards cards that offer cash back, points or miles rewards at a set rate on all spending or in consideration of bonus rewards for certain spending categories, like gasoline, groceries, restaurants or travel.
  3. We determine the maximum points value of rewards cards by dividing the points, cash back or miles required to exchange for the retail price of the most valuable redemption option (for example, in the case of a card that offers a domestic roundtrip airline ticket as a redemption option vs. another redemption option of lesser value that requires the same amount of points or miles to acquire, we would base the rewards value on the airline ticket).
  • Cards that are selected best overall in their respective categories generally feature most if not all of the following attributes:
  • Low or Reasonable Fees Credit card fees come in many forms but the primary ones involve those for annual card membership and balance transfer. There are a myriad of reward and non-reward card options that charge no annual fee but for the many that do assess an annual fee the cost is often justified by their lucrative ongoing rewards and initial signup bonuses. Balance transfer fees are occasionally waived during introductory periods with certain cards, a factor which is heavily and positively weighted in our scoring model for cards offering this benefit. When charged, balance transfer fees range between 3% - 5%, which we grade accordingly. Other standard fees can generally be avoided, such as those for paying late or taking cash advances but we rate those relative to other cards in the market for reference, though with less weight assigned
  • Competitive Interest Many cards offer 0% introductory APR on purchases and balance transfers for varying lengths and then revert to a permanent or regular APR (based on a variable rate tied to the prime rate) that applies to any balances not paid in full. We rate both introductory APR percentage and length (in months) along with the midpoint of the variable regular APR interest rate range.
  • Valuable Rewards Credit card reward programs can be based on cash back, points or travel rewards (which can be generic or travel partner-specific, as with airline and hotel co-brand card programs). For cards that offer rewards we determine the value per dollar spent along with average redemption values and assign more favorable ratings to cards that offer superior consumer value. We also assign value to sign-up bonus offers and their initial spending requirements, when present.
  • Excellent Benefits Credit card benefits cover a range of offerings like concierge service, TSA Pre-check, auto rental coverage, travel accident insurance, lost luggage assistance and free credit scores. We rate cards on the number and level of over a dozen standard and upscale benefits and provide extra weighting emphasis for those travel-related perks that apply to premium travel cards when present.
  • Solid Security/Customer Service Security and customer service features like lost or stolen card replacement, being able to lock one’s card from an issuer app and 24 hour customer support are becoming more standard across the card market and we provide a significant amount of weighting to features in this area.
  • You can also read the full version of our methodology for a more in-depth look at how we assess cards and award them the best in various categories.