Credit Cards Credit Card Reviews

Celebrity Cruises Visa Signature Credit Card Review

overall rating
4.0

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The Celebrity Cruises Visa Signature card offers 10,000 bonus MyCruise points for making a transaction within 90 days of opening your account and 2 MyCruise points per dollar spent on qualifying Celebrity Cruises, Royal Caribbean, and Azamara purchases. It doesn’t charge an annual fee but doesn’t offer any premium benefits or lucrative rewards, either.

Celebrity Cruises®

Overall Rating
4.0
Celebrity Cruises®
On Bank of America's Secured Site.
Current Offer

Get 10,000 MyCruise points after making a transaction within the first 90 days of account opening - enough for a $100 onboard credit.

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% - 22.99% variable
Annual Fee $0
Rewards Earning Rate 2 MyCruise points for every $1 spent on qualifying purchases with Celebrity Cruises® and our sister brands, Royal Caribbean® and Azamara®.1 MyCruise point per $1 on all other purchases.
Balance Transfer Fee Either $10 or 3% of the amount of each transaction, whichever is greater.
Foreign transaction fee (%) 0%
how this card stacks up
When compared among all rewards cards in our database:
Rewards
Benefits
Low Fees
Security/Customer Experience
Low Interest
worst best

The Celebrity Cruises Visa Signature Card is not one of our top-rated travel credit cards. You can review our list of the best rewards credit cards for what we think are better options.

Full Review of Celebrity Cruises Visa Signature Credit Card

Pros
  • Bonus requires only a single transaction

  • Points can be earned on multiple cruise lines

  • No annual fee

  • No foreign transaction fees

Cons
  • Limited points redemption options

  • Low points earning rates on purchases in an infrequently used category

  • Points expire

  • The program caps the points you can earn

Pros Explained

  • Bonus Requires Only a Single Transaction: The Celebrity Cruises Visa Signature card allows you to earn a 10,000 MyCruise points bonus with a single transaction. The transaction can be a purchase, balance transfer, or cash advance. This requirement is much lower than other credit cards where you might have to spend $500 or even thousands of dollars to earn a bonus.
  • Points Can Be Earned on Multiple Cruise Lines: You earn 2 MyCruise points per dollar spent at three cruise lines: Celebrity Cruises, Royal Caribbean, and Azamara. This gives you more ways to earn points if you like to take cruises on different lines rather than cruise consistently on just one.
  • No Annual Fee: This card doesn't charge an annual fee. You can keep it in your wallet without worrying about an ongoing cost.
  • No Foreign Transaction Fees: You won’t be charged foreign transaction fees with this card. This could save you money when visiting ports in other countries.

Cons Explained

  • Limited Points Redemption Options: Virtually all of the redemption options for MyCruise point are associated with cruising, cruise-related merchandise, or charitable donations. If you’re not sure you love cruising yet, you would likely be better off with a credit card that offers more flexible redemption options.
  • Low Points Earning Rates on Purchases in an Infrequently Used Category: The highest points earning category only offers 2 MyCruise points per dollar spent. Other cards often have higher rewards earning rates in spending categories that are more commonly used than cruising. All other purchases only earn 1 MyCruise point per dollar, which is significantly lower than many other cash back and rewards credit cards.
  • Points Expire: Points expire five years after the month they are earned. Cardholders who are saving their points toward a future cruise may need more time to collect enough of them to pay for it. Other credit card rewards programs often offer points that never expire.
  • The Program Caps the Points You Can Earn: This program limits what you can earn in a calendar year to 540,000 MyCruise points. Most people won’t come near this limit, but other cards offer unlimited points earning potential. 

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

The Celebrity Cruises Visa Signature card is for loyal Celebrity Cruises fans who want to have a branded credit card in their wallet. The bonus and ongoing reward earning rates aren't impressive except in the rare case where frequent cruisers can maximize the value of the redemption options. 

Celebrity Cruises Visa Signature's Bonus

You can earn 10,000 MyCruise points after making a purchase or balance transfer, or taking a cash advance, within the first 90 days of opening your account. The 10,000 points are worth up to $200 when used for certain redemption options but generally worth $100 when redeemed for cash back or other common redemption option, as Investopedia values Celbrity Cruiseline points at $0.01 on average. This bonus is only available to customers opening a new account. The points are credited to your account about six to eight weeks after you qualify.

Rewards Earning Details

You’ll earn 2 MyCruise points per dollar on qualifying purchases with Celebrity Cruises, Royal Caribbean, and Azamara. All other qualifying purchases earn 1 MyCruise point per dollar. You’re limited to earning a maximum of 540,000 MyCruise points per calendar year. MyCruise points expire five years after the month they were earned, and if the account is closed, unredeemed points are immediately forfeited.

Rewards Redemption Details

You can redeem your points starting at 1,000 MyCruise points. Redemption options include stateroom upgrades, cruise discounts, companion fares, cruise vacations, onboard credits or amenities, merchandise, and charitable donations. Some redemption options offer a maximum value of 2 cents per MyCruise point, but that will depend on what you spend them on.

For instance, one redemption option lets you upgrade a Royal Caribbean stateroom on a four- to eight-night sailing for two from an interior to a minimum available oceanview stateroom between the months of September and May. This redemption option costs 15,000 MyCruise points and has a maximum value of $300. If the upgrade would ordinarily cost less than $300, you won’t receive the full value of 2 cents per MyCruise point.

How to Maximize Your Rewards

To maximize your rewards, put all your Celebrity Cruises, Royal Caribbean, and Azamara purchases on the card to earn 2 MyCruise points per dollar. Then, redeem your MyCruise points for a reward that offers the full value of 2 cents per point.

Standard Benefits

  • No foreign transaction fees

Cardholder Experience

The Celebrity Cruises Visa Signature card is issued by Bank of America, which received a score of 798 out of 1,000 in J.D. Power’s 2019 U.S. Credit Card Satisfaction Study. The average score among national card issuers was 806. 

This card offers a free FICO score that’s updated monthly and available through the mobile banking app or website. You can also reach customer service 24/7 by calling 800-421-2110.

Security Features

This card has chip-and-PIN capability, which can be useful when traveling overseas if you need to make a purchase at an unattended kiosk that only accepts such transactions. Otherwise, the security features for this card are standard for the industry.

Fees to Watch Out For

The fees on this card are relatively standard for these types of cards. It has no annual fee or foreign transaction fees. However, it charges a variable penalty APR of up to 29.99% if you make a late payment, and the penalty APR will apply. 

Our Verdict

Unless you’re a loyal Celebrity Cruises, Royal Caribbean, or Azamara cruiser, you won’t likely find much value in this card’s offerings. The 10,000 bonus MyCruise points for making an initial transaction and the 2 MyCruise points per dollar spent on Celebrity Cruises, Royal Caribbean, and Azamara purchases could help frequent cruisers build a points balance. If they’re then able to redeem their points for the maximum value of 2 cents each, this card could be a decent addition to their wallets. However, many other cards have higher rewards earning rates and more flexible redemption options.

Apply Now
For Celebrity Cruises®
on Bank of America's Secured Site.
Compare This Card
See how this card compares to similar cards
CURRENT CARD
Celebrity Cruises®
overall rating
4.0
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% - 22.99% variable
Annual Fee $0
Rewards Earning Rate 2 MyCruise points for every $1 spent on qualifying purchases with Celebrity Cruises® and our sister brands, Royal Caribbean® and Azamara®.1 MyCruise point per $1 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.