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Bank of America Royal Caribbean Cruise Line Credit Card – “Tri-Branded” Reward Card?

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For all those cruise aficionados planning their next cruise trip, the Bank of America Royal Caribbean Cruise Line Credit Card might just be tailor-made especially for you. A Visa Signature credit card rolled out by the partnership of Royal Caribbean and Bank of America, the card promises to its cardholders more than a 100 rewards to choose from by earning loads of “MyCruise Rewards” under the rewards program of the card. Since the card has been rolled out, it has become extremely popular since the Royal Caribbean continues to be one of the most popular and sough-after cruises in the United States.

Bank of America Royal Caribbean Cruise Line Credit Card – the delights

The rewards program of the Bank of America Royal Caribbean Cruise Line Credit Card is titled “MyCruise”, which enables cardholders to earn MyCruise Points with every qualifying card purchase that they make. Moroever, those earned points can be redeemed for a plethora of more than 100 rewards which includes cruise vacations on the Royal Caribbean International cruise as well as those of sister brands of Azamara Club and Celebrity Cruises, discounts on cruise-related packages, stateroom upgrades, specialty gifts, cash, merchandise, and even onboard credit. The card enables cardholders to earn 2x MyCruise points for every $1 that they spend on Azamara Club Cruise, Celebrity Cruise and Royal Caribbean Cruise purchases. The card further allows cardholders to earn 1x points for every $1 that they spend on other everyday purchases such as groceries, gas, medicines, local travel and the likes. New cardholders also receive sign up perks for this card – they are rewarded with a sign up bonus of 10,000 bonus points after they make their first qualifying transaction with the Bank of America Royal Caribbean Cruise Line Credit Card, which is redeemable for onboard credit of $100. This is irrespective of the fact whether the transaction is a balance transfer or a purchase, and it is perhaps the most attractive feature of the card.

The Bank of America Royal Caribbean Cruise Line Credit Card also offers two airline tickets at the cost of only one to its cardholders under the rewards program, provided that the cardholders make at least $3,500 in purchases within the first 3 months of them having opened their accounts. However, students are not eligible for this perk under the card. The reward redemptions for this card start at 1000 points and then go up to 5,000 points, 10,000 points and so on. Cardholders of this particular card could potentially earn upto a handsome 250,000 points every year (including every al all bonus points), and can redeem a maximum of 1,250,000 points over a period of five years. The points have an expiry period of five years.

Apart from the rewards program, the Bank of America Royal Caribbean Cruise Line Credit Card comes with all the Visa Signature perks including the zero liability guarantee which covers the cardholders and does not hold them liable for any unsanctioned and unauthorized purchases made against the card. The card also provides car rental damage and loss insurance which covers car rentals charged to the card in case of theft or collision. The card also offers common carrier travel accident insurance to cardholders and their immediate dependents in case of accidental death or dismemberment in case of accidents during travel charged to the card. The Bank of America Royal Caribbean Cruise Line Credit Card also provides emergency cash worldwide assistance which helps out cardholders with in case they are strapped of cash in emergency situations anywhere overseas. The card also offersthe lost luggage protection where cardholders are eligible to receive refund for the luggage losses that they endure when they pay for the tickets with the card. The card also features other Visa-specific benefits of roadside dispatch, lost/stolen card reporting, purchase security, and cardholder inquiry services.

The Bank of America Royal Caribbean Cruise Line Credit Card also has a 0% introductory APR program on purchases for its cardholders for the first 9 months of card membership, although the balance transfer fee of 4% is pretty hefty and steep. After that initial period, a variable APR interest rate of 12.99% to 20.99% depending on the cardholders’ credit will be applicable only on purchases. If cardholders have a fair credit, then the APR rises to 20.99%, and if they have a good credit, then the APR on purchases is a moderate 12.99%. Cardholders can check out the features of the card here http://www.royalcaribbean.com/dealsandmore/offer/visa.do?cS=NAVBAR&pnav=3&snav=5.

Last but not the least the Bank of America Royal Caribbean Cruise Line Credit Card is a no-annual fee card.

The unpleasing aspects of the Bank of America Royal Caribbean Cruise Line Credit Card

The Bank of America Royal Caribbean Cruise Line Credit Card, when examined carefully, has some drawbacks. Most cards already offer a minimum of 1 point for every $1 on every day purchases anyway, and the card, being a travel credit card, needs to offer better and offer more than a mere 1% rebate that it is currently offering. Additionally, being a travel credit card, its reward points system falls short. 2x points on purchases for cruise travel is quite vanilla, with a lot of its contemporaries giving out 4 or 5 points. For example, the Barclay Arrival World MasterCard not only gives out 2x points but also gives out lots of bonus miles, cash back, and rebates for not only airline miles but also discount travel engines and hotels. Also, the card has a very high foreign transaction fee of 3%.

However, the most interesting twist and good aspect about the Bank of America Royal Caribbean Cruise Line Credit Card is that it is essentially “tri-branded”, that is using one card can get cardholders benefits across three popular cruise liners. Hence, this card is essentially a multi-travel credit card in terms of the rewards points’ structure and system. Moroever, the 10,000 points sign up bonus of the card is extremely attractive and the standout feature and perk of the card. Also, this cards virtually like the Norwegian Cruise Line MasterCard, the only dissimilarity being the cruise line sponsor. In the end, there are better travel reward cards out there in the market which will appeal to the cardholders, but if anyone is looking for an exclusive cruise credit card, then this card is for you.

 

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