Credit Cards Credit Card Reviews

Royal Caribbean Visa Signature Review

overall rating
3.5

We publish unbiased product reviews; our opinions are our own and are not influenced by payment we receive from advertisers. Learn more about our review process and read our advertiser disclosure for how we make money.

The Royal Caribbean Visa Signature card offers a bonus of 10,000 MyCruise points, worth up to $100 for certain redemptions, for making a transaction within 90 days of account opening. It also offers 2 MyCruise points per dollar spent on eligible Royal Caribbean, Celebrity Cruises, and Azamara purchases. You don’t have to pay an annual fee or foreign transaction fees, either.

Royal Caribbean® Visa Signature® Credit Card

overall rating
3.5
Royal Caribbean® Visa Signature® Credit Card
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

Full Review of Royal Caribbean Visa Signature

Pros
  • Easy to earn bonus worth up to $100

  • $50 airfare discount on Royal Caribbean’s Air2Sea program with qualifying purchases

  • Higher points earning rate available for three cruise lines

  • No annual fee

Cons
  • MyCruise points only good for cruising redemption options

  • Point earning rates aren’t outstanding

  • Points expire after five years

  • Limit of 540,000 MyCruise points per year

Pros Explained

  • Easy to Earn Bonus Worth Up to $200: You can earn the 10,000 MyCruise points bonus simply by making a single transaction within the first 90 days of account opening. That transaction can be a purchase, a balance transfer, or a cash advance. Many other cards require you to spend anywhere from $500 to $5,000 or more to earn their bonuses.
  • $50 Airfare Discount on Royal Caribbean’s Air2Sea Program with Qualifying Purchases: As a new Visa cardholder, you can receive $50 off an airline ticket purchased using Royal Caribbean’s Air2 Sea program if you make at least $3,500 in purchases on your card in the first 90 days of account opening. This discount, which expires 18 months after it is issued, will be credited to your reservation after the final payment on your cruise reservation. You must also book your airline ticket in connection with a Royal Caribbean cruise reservation. Additionally, there is a non-refundable reservation fee of $15 for North American destinations and $25 for international destinations. Overall, this benefit could be useful if you would have earned the $50 discount anyway through spending you had already intended to put on this card, and you also planned to use the Air2Sea program. Otherwise, you're putting thousands of dollars of spending on a credit card for a relatively small benefit compared with the bonuses offered by other cards with similar spending requirements. 
  • Higher Points Earning Rate Available for Three Cruise Lines: You aren’t limited to earning 2 MyCruise points per dollar on only Royal Caribbean purchases. This higher earning rate extends to Celebrity Cruises and Azamara, as well. 
  • No Annual Fee: This card does not charge an annual fee. That means you can keep your card without having to evaluate whether the rewards and other benefits potentially justify the cost of the annual fee.

Cons Explained

  • MyCruise Points Only Good for Cruising Redemption Options: You can redeem your MyCruise points for a variety of rewards, but they all involve cruising, cruise-related merchandise, or charitable donations. For people who may not always want to redeem their rewards for cruises, this can be a significant drawback compared with cash back cards that allow you to use your rewards for virtually anything.
  • Point Earning Rates Aren't Outstanding: You earn 2 MyCruise points per dollar spent only on eligible Royal Caribbean, Celebrity Cruises, and Azamara purchases. Many other rewards credit cards offer a wider variety of earning categories and some have higher rewards rates. The 1 MyCruise point per dollar spent is lacking compared to simple 1.5% or 2% cash back credit cards.
  • Points Expire After Five Years: MyCruise points expire five years after the month they were earned. If you’re saving up to redeem your points for a free cruise, this may not be sufficient time to accumulate enough of them. Some other credit card rewards programs have points that never expire.
  • Limit of 540,000 MyCruise Points per Year: The rewards program limits the number of MyCruise points you can earn each calendar year to 540,000. While this limit is lofty, many other rewards programs set no cap on how many points you can earn.

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 Royal Caribbean Visa Signature card may be worthwhile for frequent Royal Caribbean, Celebrity Cruises, or Azamara cruisers—if they spend enough money with these cruise lines and carefully redeem their points for the maximum value. However, the low points rate on all other purchases and the less than optimal rewards redemption options mean that another credit card would likely provide more value.

Royal Caribbean Visa Signature's Bonus

You can earn 10,000 MyCruise points for making a single transaction on your card within the first 90 days of account opening. For the purposes of this bonus, a transaction is considered to be a purchase, balance transfer, or cash advance. When redeemed for their maximum value, these 10,000 MyCruise points could be worth up to $200 for certain premium cruise options, although their average value of $0.01 per point (according to Investopedia's valuation) would make the bonus only worth $100. The bonus is only for new accounts and will not apply to account conversion requests. The bonus points take about six to eight weeks to be posted to your account after you qualify.

Rewards Earning Details

The Royal Caribbean Visa Signature card allows you to earn 2 MyCruise points per dollar on eligible purchases made through Royal Caribbean, Celebrity Cruises, or Azamara. You'll also earn 1 MyCruise point per dollar on all other purchases. These reward earning rates are low when you consider other credit cards offer as much as 2% cash back on all purchases and sometimes higher reward earning rates in specific spending categories.

The points you earn expire five years after the month they were earned. Additionally, you’re limited to earning 540,000 MyCruise points in any given calendar year. If your account is closed for any reason, points that have not yet been redeemed will be forfeited.

Rewards Redemption Details

You can redeem your MyCruise rewards points for several options starting at 1,000 points. Unfortunately, all of the redemption options deal with cruising, cruise merchandise, or charitable donations. The rewards options result in per point values of roughly 1 to 2 cents.

You have to be careful when redeeming your rewards to make sure you get the maximum value. For example, you can redeem 50,000 MyCruise points for a three- or four-night Royal Caribbean cruise. The cruise can have a value of up to $1,000, but the reward is only good for the minimum available oceanview stateroom. If this stateroom is worth less than $1,000 for the cruise you book, you won’t receive the full value of 2 cents per MyCruise point.

How to Maximize Your Rewards

Maximizing your rewards with the Royal Caribbean Visa Signature card is a two-part process. First, you need to earn all of the MyCruise Points and benefits possible. This includes making a transaction in the first 90 days to collect the 10,000 points bonus as well as spending $3,500 in the first 90 days to earn the $50 discount on Royal Caribbean’s Air2Sea program. 

You'd also want to put all of your qualifying Royal Caribbean, Celebrity Cruises, and Azamara purchases on the card to earn the 2 MyCruise points per dollar spent. Bear in mind that you can likely earn a higher value on all other purchases by putting them on a different credit card that earns higher than 1% cash back.

Then, once you've earned enough MyCruise points, redeem them for an option that allows up to 2 cents in value per point and consider any cash back earned on another card as a partial offset to any additional cruise-related costs.

Standard Benefits 

  • $50 Air2Sea discount with $3,500 in spending in first 90 days
  • No foreign transaction fees

Cardholder Experience

In J.D. Power’s 2019 U.S. Credit Card Satisfaction Study, Bank of America, which issues the Royal Caribbean Visa Signature card, received a score of 798 out of 1,000. The national issuer average score was 806.

This card gives you free access to your FICO score, updated on a monthly basis, through the mobile banking app or bank website. If you have questions and need to reach customer service, it’s available 24/7 at 800-421-2110. 

Security Features

The Royal Caribbean Visa Signature card has chip-and-PIN technology. That allows you to make purchases at unattended terminals overseas that only accept chip-and-PIN transactions. Otherwise, the security features for this card are in line with industry standards.

Fees to Watch Out For

The fees on this card are relatively standard for the industry. On the plus side, it has no annual fee and doesn't charge foreign transaction fees, which can be a money saver when visiting overseas ports. However, If you make a late payment, you’ll be subject to a variable penalty APR of up to 29.99%. And once you trigger the penalty APR, it will apply to new purchases indefinitely.

Our Verdict

The Royal Caribbean Visa Signature card may be useful for people who frequently cruise with Royal Caribbean, Celebrity Cruises, or Azamara. It doesn't charge an annual fee or foreign transaction fees, and the 10,000 MyCruise points bonus for making a transaction in the first 90 days could help pay for part of your cruise. But for non-qualifying, non-cruise purchases you would likely get more value by using a separate card, like the Citi Double Cash, which offers 1% cash back on purchases and an additional 1% cash back when you pay for those purchases.

Apply Now
For Royal Caribbean® Visa Signature® Credit Card
on Bank of America's Secured Site.
Compare This Card
See how this card compares to similar cards
CURRENT CARD
Royal Caribbean® Visa Signature® Credit Card
overall rating
3.5
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.