Rewards Plan
Welcome Bonus
Credit Rating
0% Intro
Annual Fee
APR
- Introductory APR
- Flexible Redemptions
- Low Rewards Rate
- Balance Transfer Fee
Rewards Plan
Welcome Bonus
0% Intro
PROS
- Introductory APR
- Flexible Redemptions
CONS
- Low Rewards Rate
- Balance Transfer Fee
APR
20.24% - 29.99%
Annual Fee
$0
Balance Transfer Fee
5% or $5, whichever is greater
Credit Requirements
Good - Excellent
The Princess Cruises Rewards Visa is a solid card for those who enjoy taking cruises with this line and its sister companies. Since you earn a higher rewards rate for Princess Cruises purchases and can redeem your rewards as statement credit against your cruise purchases, there is the potential to save a great deal.
However, there are some downsides to this card. Firstly, the introductory rate is only available for balance transfers and the standard rate applies to purchases from day one. Next, the benefits package for this card is a little limited. Despite being a co-branded card, there are no perks related to the cruise line, such as a discount for onboard purchases or travel insurance.
So, unless you are highly brand loyal to Princess Cruises, if you are looking for a card that offers a good suite of travel benefits, you may want to consider a general credit card.
- Introductory APR
- Flexible Redemptions
- Free Access to Your FICO Score
- No Foreign Transaction Fees
- Access to Concierge Service
- Security Features
- Low Rewards Rate
- No Fixed Redemption Value
- Balance Transfer Fee
Can I get pre-approved?
There is no option for pre approval on the Barclay’s website, but Barclays may occasionally send out mailers and other marketing material offering pre approval for select customers. This will provide you with a code and link to click to complete your application.
How do I redeem rewards?
You can redeem your rewards for statement credit against cruises, onboard purchases and amenities, discounts on partner airline airfares, or gift cards. However, the redemption value of your points depends on the statement amount. The current values are:
- One cent per point for statement credit of $50 to $499
- 25 cents per point for $500 to $2000.99
- 5 cents per point for $2001 to $4000.99
- Two cents per point for $40001 or higher.
When you’re ready to redeem your points, you’ll need to log into your account and you can explore the redemption options. From there, you can select which transactions you would like to apply the statement credit to.
In this Review
Rewards Simulator: Unveiling Your Potential Benefits
Getting the exact rewards calculation for this card is tough because it depends on how you actually use it. Whether you use it often or only sometimes, and if you use it for certain types of purchases, it affects your rewards.
But no worries, we did some calculations and can give you an estimate of the rewards you might earn with the Princess Cruises card. We looked at how people usually spend on things like groceries, travel, and dining, and came up with an average estimate of the total rewards you could receive.
| |
|---|---|
Spend Per Category | Princess Cruises Rewards Visa Card
|
$10,000 – U.S Supermarkets | 10,000 points |
$3,000 – Restaurants
| 3,000 points |
$5,000 – Airline | 5,000 points |
$4,000 – Cruise | 8,000 points |
$4,000 – Gas | 4,000 points |
Estimated Annual Points | 30,000 Points |
Pros and Cons
Similar to other credit cards on the market, the Princess Cruises Rewards has its own set of pros and cons
Pros | Cons |
|---|---|
Introductory APR | Low Rewards Rate |
Flexible Redemptions | No Fixed Redemption Value |
Free Access to Your FICO Score | Balance Transfer Fee |
No Foreign Transaction Fees | |
Access to Concierge Service | |
Security Features |
- Introductory APR
New customers can enjoy a 0% APR for 15 billing cycles on balance transfers. However, you need to have the balance transfer post to your account within 45 days of opening your account and balance transfer fees still apply.
If your balance transfer does not post within 45 days, the standard APR of 20.24% – 29.99% will apply.
- Flexible Redemptions
Many co-branded credit cards typically have fairly rigid redemptions, but this is not the case with the Princess Cruises Rewards Visa. With this card, you are not limited to only Princess Cruises.
You can redeem your points for statement credit towards Carnival Cruises, Cunard Line, Costa Cruises, Holland America Line, P&O Cruises, Seabourn, Fathom and Aida. There are also other travel related redemption options along with gift cards.
- Free Access to Your FICO Score
With this card, you can enjoy free access to your FICO score online via the Barclays website or app. This means that you can monitor your credit score and check to see what impact your activities have on your credit score
- No Foreign Transaction Fees
You won't be charged any fees for making purchases abroad with the Princess Cruises card.
- Access to Concierge Service
Cardholders can receive personal assistance via phone. This includes recommendations or reservations for travel, dining, entertainment and more. While the concierge service is free of charge, you will be responsible for any associated charges for the products or services that you receive.
- Low Rewards Rate
The rewards rate is low compared to top travel cards. There are cards that offer 5X, 10X, and even 20X points when it comes to their brand.
- No Fixed Redemption Value
Although there are multiple redemption methods available, the redemptions can be a little complicated, since there is no fixed redemption value.
This card has a tiered system for redemption values, so the more you redeem for statement credit, the higher the redemption rate.
- Balance Transfer Fee
While there is a 0% APR introductory period, you not only have to have the transfer posted to your account within 45 days of opening your account, but you will need to pay a balance transfer fee.
The fee is $5 or 5%, which can add up to hundreds of dollars on a large transfer.
- Security Features
The Princess Cruises Rewards Visa has a decent suite of security features including $0 fraud liability protection. This means that you won’t be held responsible for any unauthorized or fraudulent charges on your account.
The card also features chip technology for greater security when you’re paying for your purchases at chip terminals both here and abroad.
Is the Princess Cruise Rewards Card Right for You?
Since this is a co-branded credit card, it is obviously designed for those who are brand loyal to Princess and take cruises on a regular basis. This will not only allow you to get the most reward points on your purchases, but you can get the best redemption rates.
The card could also be a good choice for those who aspire to take a cruise, but need to pay down a credit card balance. Since the card offers a generous 0% APR, it could make it easier to clear an existing credit card debt and earn rewards on your purchases.
If you would like to check more alternative travel cards, here are some good candidates:
Card | Rewards | Annual Fee |
| 2X – 5X
5x total points on travel purchased through Chase Ultimate Rewards, 3x points on dining and online grocery purchases and 2x on other travel purchases. Plus, earn 1 point per dollar spent on all other purchases
| $95
|
|---|---|---|---|
| 1x – 2x
2 points per dollar on all Holland America purchases, including any onboard purchases. 1 point per dollar on all other purchases. | $0 | |
| 1x – 2x
2x on Royal Caribbean and Celebrity Cruises and 1x on all other purchases
| $0 | |
| 1X – 3X
3X points on restaurants, travel, gas stations, transit, popular streaming services, and phone plans. Also, earn 1X points on other purchases
| $0 | |
| 1x – 2x
2x FunPoints for every dollar spent with Carnival Cruises and World Leading Cruise Lines brands and 1x FunPoints on all other purchases
| $0 | |
| 1X – 10X
5X total points on air travel and 10X total points on hotels, car rentals when you purchase through Chase Ultimate Rewards®, immediately after earning your $300 annual travel credit. Also, earn 3x points on dining at restaurants and travel (after meeting the $300 travel credit), then 1x points per dollar spent on all other purchases
| $550 | |
| 1X – 5X
5X points on up to $500,000 spent on directly-booked airfare and flights and prepaid hotels booked through American Express Travel (per calendar year), 2X points on prepaid car rentals through American Express Travel and 1X points on all other purchases
| $695 (Rates & Fees) |
FAQs
What are card income requirements?
There are no official income requirements for this card, but you do need to have good to excellent credit to qualify. This means that while income is a factor, it is not the only consideration when your application is being evaluated for an approval decision.
When this card may not be a good idea?
This card is not a good idea if you don’t take cruises regularly. Since the rewards and redemptions are weighted towards Princess Cruises, you won’t be able to get the best value from this card unless you book cruises at least once per year. In this case, you would be better suited to a general travel rewards credit card.
Does the card provide travel insurance?
Although this is a travel themed credit card, the Princess Cruises Rewards Visa does not offer travel insurance, regardless of whether you purchase your fares with your card.
