Celebrity Cruises® Visa Signature® Credit Card Review

The Celebrity Cruises® Visa Signature® card is not one of our highest rated travel credit cards. You can consult our list of best rewards credit cards for what we think are better options.


Complete Visa Signature® Celebrity Cruises® Credit Card Review


Advantages
  • The bonus only requires one transaction

  • Points can be earned on multiple cruise lines

  • No annual fee

  • No foreign transaction fees

The inconvenients
  • Limited point redemption options

  • Low point earning rate on purchases in a low-use category

  • Points expire

  • The program caps the points you can earn


Benefits explained

  • The bonus only requires one transaction: The Celebrity Cruises® Visa Signature® card allows you to earn a bonus of 10,000 MyCruise points in 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 may 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 with three cruise lines: Celebrity Cruises, Royal Caribbean and Azamara. This gives you more ways to earn points if you enjoy cruising on different lines rather than regularly sailing on just one.
  • No annual fee: This card does not charge an annual fee. You can keep it in your wallet without worrying about an ongoing cost.
  • No foreign transaction fees: No foreign transaction fees will be charged with this card. It could save you money when visiting ports in other countries.


Disadvantages Explained

  • Limited point redemption options: Virtually all MyCruise Points redemption options are associated with cruises, cruise related merchandise, or charitable donations. If you’re still not sure whether you like cruising, you’re probably better off using a credit card that offers more flexible redemption options.
  • Low point earning rate on purchases in a low-use category: The category that earns the most points only offers 2 MyCruise points per dollar spent. Other cards often have higher reward rates in expense categories more commonly used than cruising. All other purchases only earn one MyCruise point per dollar, which is significantly lower than many other cashback and rewards credit cards.
  • Points expire: Points expire five years after the month they were earned. Cardholders who save their Points for a future cruise may need more time to collect enough to pay for them. 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 close to this limit, but other cards offer unlimited point earning potential.


The Celebrity Cruises® Visa Signature® Card is for loyal Celebrity Cruises fans who want a branded credit card in their wallet. The bonus rates and ongoing rewards aren’t impressive, except in the rare cases where frequent cruisers can maximize the value of redemption options.


Celebrity Cruises® Visa Signature’s® Award

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 are generally worth $ 100 when redeemed for cash back or another common redemption option, as Investopedia values ​​them. Celebrity Cruiseline points average $ 0.01.

For a limited time, new cardholders can also get a $ 100 credit on their statement after spending at least $ 1,000 within the first 90 days of opening the account. This bonus is only available to customers opening a new account. Points and statement credit are credited to your account approximately six to eight weeks after you qualify.


Reward Details

You will 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 are limited to 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.


Details on how to use rewards

You can redeem your points from 1,000 MyCruise points. Exchange options include cabin 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 this will depend on what you are spending them for.

For example, an exchange option allows you to upgrade a Royal Caribbean cabin on a four- to eight-night sailing for two from an inside cabin to an ocean view cabin minimum available 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 normally costs less than $ 300, you will not receive the full value of 2 cents per MyCruise point.


How to Maximize Your Rewards

To maximize your rewards, place all of 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 with a total 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 scored 798 out of 1,000 in JD Power’s 2019 U.S. Credit Card Satisfaction Survey. The average score among issuers of national cards was 806.

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


Security functions

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


Fees to watch out for

The fees on this card are relatively standard for these types of cards. It has no annual fees or overseas 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 likely won’t find much value in the offers on this card. The 10,000 MyCruise bonus points for completing an initial transaction and the 2 MyCruise points per dollar spent on Celebrity Cruises, Royal Caribbean and Azamara purchases could help frequent cruisers build up a points balance. If they are then able to redeem their points for the maximum value of 2 cents each, this card could be a decent addition to their wallet. However, many other cards have higher reward rates and more flexible redemption options.

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