HI! I have a few questions about my NEW Carnival Mastercard through Capital One:
1. Do I have to pay off the charge before I can redeem the points for that charge?
2. If I transfer unrelated Carnival charges to my Carnival card do I get points for the unrelated charges?
3. If I use my Carnival card on any of the islands....do I get points for those charges since they are related to my cruise?
Thanks in advance for any info!
RX, I had this card for a few years. Anything you use the card for will earn you points. At the time you could only accum 500 points per year and it was good for 2 years then the points would start going away. You have to spend alot to get those points. My husband is an owner/operater and he used his card and then I had a card with him on it and he would use this for all his expenses. One year we had a total of $1600 off on 2 cabins and then later that year we had $800 off which we took on the Fantasy and it cost us only $199! We really loved racking up these points and the cheap cruises we were able to get. Unfortunately we hit upon hard times and lost our cards and business but we are back at it and hope to be able to qualify for another Carnival card real soon. If you have any other specific questions that maybe I could answer let me know otherwise you should call the number and hold til you get a "live person".
Golden Princess 12/04
Enchantment of the Seas 4/02
Ok! First of all.....After taking someone's advice and calling Capital One direct with the questions I had, I found out the reps at Carnival didn't know what they were talking about when the rep told me I had to have TA call to make the switch from my Visa to Carnival card!!!!!! The Carnival rep was VERY insistant that I HAD to have my TA call Carnival to refund my Visa and then charge it to Carnival Capital One card. I thought that seemed odd!!! But who was I to argue with Carnival???
Anway, I called Capital One..and here is the lowdown!
1. A transfer to Capital One in the maximum amount from another credit card is $5,000.
2. That transfer can be used right away for 5000 points on the Carnival cruise. (After calling Capital One for the points and confirmation number and then 48 hours later call to Carnival with the # and what you want to redeem the points for.)
3. All purchases whether they are Carnival related (in the amount of credit given you on the Carnival card, which is determined by your credit history) are applicable to use for cruise. Purchases don't have to be Carnival related.
4. You do not have to pay charges off before accumulating and using points.
5. If you charge your cruise THROUGH Carnival or TA, that charged amount will automatically be 24 monthly installments paying off the full amount charged. BUT, if you do like we are by transferring the amount, you can pay the minimum (or more)payment as you would on any other charge card.....(no monthly installment). SO, I am glad that we are transferring balance because I didn't want a monthly installment plan!
6. The interest rate that Capital One has is the same as my Visa so....I would be crazy not to transfer the $5000. AND if Capital One interest rate goes up.....I can always transfer to a different credit card company!
Cathy in Indiana!
Well....I guess it pays to have great credit! In fact, I am going to call to reduce the credit line available in case credit card is lost or stolen! It looks like we will enjoy our moonlit balcony every night with a fresh bottle of champagne! We will even have enough to bring home! Cheers!!!
Cathy in Indiana
I've tried to resist posting this, but I must. Just a couple brief points with all due respect:
1) There's really no reason to reduce your credit limit for fear your card will be stolen. It won't reduce your liability, which amounts to 50 bucks pretty much no matter what. I carry very high limit cards which have been used fraudulenty and I've never paid anything.
2) If you're financing the cruise through a credit card (or transferring other credit card balances to a new card), I'd think real hard about whether you should drink champagne every night or apply the price of the bubbly to your card payment to lower the balance and pay a little less interest.
Credit card interest is usurious, and 5000 points doesn't begin to make up for the excessive interest charges you'll pay over those two years.
There's only one way to beat the credit cards: take their perks AND pay your balance in full every month. Without fail. If you do it any other way, frankly you lose bigtime. Because short of the guy from Jersey in the pinstripe suit and wide-brimmed hat, in the long run they're about the highest-priced loan you can float.
And in some ways they have to be. After all, somebody's got to pay for those of us who use the credit company's money and never pay a cent to do it. Ever. The only acceptable interest rate is zero. And not for six months. For always.
Again, my apologies. Don't mean to preach. I've simply seen so many people get hurt by this.
Actually, I was surprised that no one had written about those things you mentioned before this! I agree with you 100% about not paying interest to the banks for the use of their money. I am willing to pay a little extra (in interest) to have piece of mind that if emergency cash is needed it will be available and therefore charge things only occasionally when there is a decent rate available, which I did get on this card.
As far as taking 24 months to pay, I am not doing the installment plan since I TRANSFERRED the balance of cruise. I will pay it off in a couple of months after we return home, so the interest payed is not that much. Like I said before, I would rather have that amount of cash in the bank if I need cash and pay off later.
Another thing......as for being held liable for the $50.00 on a HUGE credit card limit....try telling that to the companies who are sending you bills. It may take up to a year or more to get yourself in good standing while you are trying to prove you did not make those charges! NO THANKS!!! It will also not look good on your credit rating if you try to refinance a home, or other major refinance to have basically open credit card limits.
Like you, I just couldn't resist the reply....and no I don't think you were preaching....hopefully, you were just trying to save us all a few bucks! Thanks for your input!
Good for you guys! I'm glad you've got credit card "religion."
Paying in full may increase your credit line. I'm not sure.
But I've been told that credit card companies have a term they use to describe those who pay off their balances every month and don't pay any interest. The term is "deadbeat."
Interesting, isn't it? Publicly, they would have to agree that we are wonderful customers. Privately, they hate us because they're losing money on our accounts. But don't cry too many tears. . .they're making it up in spades on the unfortunates who haven't figured out how to play the game--or don't have the discipline to do it.
Sears makes more money from their financial service charges on their charge cards than they make from all their merchandising sales. They do not like those of us who pay off the card every month. When we pay off our cards every month they are not making the money from us they are making from others who carry a balance. In effect, they're giving us an interest-free loan. From us they are only making the profit from the merchandise minus the time value of money for the period until the balance is paid. That's why they are not real happy to increase the credit limits on our cards.
When you make 15% or more on all the cards carrying a balance you can afford to lose a few once in a while. Hence, they are real happy to extend the limits on cards owned by people who carry big balances.
Carol and I had Carnival credit cards when they first became available. Boy did we have a system and we took advantage, big time. The point system was about the same, with the exception of, on board points were double and no point limit. We would go on a cruise and go to the casino each night and get the maximum $1,000 on the card, knowing full well that we would not use that cash, and we would pay the card off with their own money as soon as we got home before interest started. We would accumulate about 14,000 points a cruise. We received a few, almost free, cruises this way. I guess Carnival saw that many of us were using this system and they started a new policy. In the casino. They have started charging a 3% fee, for this service, and have asserted a maximum for points per year. It is not cost effective to use in the ship’s casino anymore with this service charge. We still use the cards but we pay the balance each month to take advantage of the point benefits. As Grandpa always said, theirs more than one way…… And we still get our max points each year.
Jason If a grin is transmittable, and laughing is contagious, here’s hoping for an epidemic!