Full Review of Celebrity Cruises Visa Signature Credit Card
Bonus requires only a single transaction
Points can be earned on multiple cruise lines
No annual fee
No foreign transaction fees
Limited points redemption options
Low points earning rates on purchases in an infrequently used category
The program caps the points you can earn
- 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.
- 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
Resists or refuses an annual fee on principle or due to cost
Seeks to maximize points or miles earnings across spending categories
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.
- No foreign transaction fees
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.
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.
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.