Carnival™ World MasterCard® review: Only for the most enthusiastic cruise addicts

Carnival cruise in the CaribbeanImage: Carnival cruise in the Caribbean

In a Nutshell

The Carnival™ World MasterCard® might sound appealing to frequent cruisers, but its lackluster rewards structure doesn’t stack up against top general travel cards.
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The idea of getting credit card rewards that you can put directly toward your next trip on the high seas can be attractive.

But like other co-branded credit cards, your options with the Carnival™ World MasterCard® can be limited when it comes to earning and redeeming your rewards.


Who should consider a co-branded credit card?

A co-branded credit card is a joint partnership between the credit card issuer and a merchant or travel company.

In some cases, co-branded credit cards offer exclusive perks specific to the partner brand. For example, an airline credit card might offer priority boarding or a free checked bag. Similarly, a co-branded hotel card might offer elite status or a free night’s stay when you renew your card membership.

However, these cards often limit you to using your rewards based on that specific partner’s rewards program. General travel credit cards, on the other hand, typically offer rewards that you can redeem for just about any travel purchases.

If you’re loyal to a travel brand, getting these special perks can be worth it. Before you choose one, though, consider the whole package, including rewards, fees and other features.


  1. The rundown: Everything we like about the Carnival™ World MasterCard®
  2. Heads up: What you should consider before applying for the Carnival™ World MasterCard®
  3. Do the math: How to get the most out of the Carnival™ World MasterCard®
  4. The competition: How the Carnival™ World MasterCard® stacks up against similar cards
  5. Bottom line: Is the Carnival™ World MasterCard® right for you?

The rundown: Everything we like about the Carnival™ World MasterCard®

If you’re a serial cruiser and Carnival Cruise Lines is your top choice, you might consider adding the Carnival™ World MasterCard®, issued by Barclays, to your wallet.

To give you an idea of what to look forward to, here’s what we like about the card.

Sign-up bonus with no minimum spending requirement

You’ll earn 20,000 Carnival Bonus FunPoints® after your first purchase. That’s good for a credit of up to $200 toward your next cruise purchase. Many credit cards require that you spend a certain amount before qualifying for a sign-up bonus, but this one doesn’t.

Get extra rewards when you cruise

Whenever you spend money with Carnival Cruise Lines, you’ll earn two points per $1. That includes onboard purchases with the Sail & Sign® program, Carnival’s cashless onboard credit program. For non-Carnival purchases, you’ll get one point per $1 spent.

No foreign transaction fees

If you’re heading on a cruise that docks in another country, some credit cards might tack an extra fee on your foreign purchases — typically 3%. The Carnival™ World MasterCard® can save you money on souvenirs and excursions because it doesn’t charge that fee.

No annual fee

When a credit card charges an annual fee, you have to do extra math to make sure you’re getting enough value out of the card to make it worth the cost. With this card, however, you don’t have to worry about that.

Balance transfer promotion

The Carnival™ World MasterCard® offers a 0% intro APR for 15 billing cycles for each balance transfer that posts to your account within the first 45 days of card opening. There’s a balance transfer fee of $5 or 3% of the transferred balance, whichever is greater. After the promotional period, you’ll have a variable balance transfer and purchase APR of 14.99%, 19.99% or 23.99%.

Remember those 20,000 bonus FunPoints you can earn after your first purchase? You can also earn them after a balance transfer is made. That’s impressive, considering you typically don’t earn rewards on that kind of transaction.

Heads up: What you should consider before applying for the Carnival™ World MasterCard®

While the Carnival™ World MasterCard® has a few respectable features, there are a few reasons why you might want to look elsewhere.

The sign-up bonus is subpar

A 20,000-point sign-up bonus is decent, but the most you’ll get out of it when you redeem is $200.

The ongoing rewards are mediocre

Unless you cruise with Carnival multiple times a year, you won’t get many chances to earn bonus rewards with this card. When you get your rewards, your redemption options are limited to Carnival and some other cruise lines.

No special Carnival perks

The main advantage that many co-branded travel credit cards have over general travel cards is that they offer specialized perks to loyal customers. But the Carnival™ World MasterCard® doesn’t offer priority boarding, elite status or any other cruise-related benefits besides a 10% statement credit for excursions booked on carnival.com prior to your cruise.

You won’t want to carry a balance

With the Carnival™ World MasterCard®, your variable APR could be 14.99%, 19.99% or 23.99%, depending on your credit. To avoid paying high interest rates, be sure to pay off your balance in full each month.

Do the math: How to get the most out of the Carnival™ World MasterCard®

As with any credit card, it’s crucial to analyze your spending before choosing a credit card. With the Carnival™ World MasterCard®, the most important factor is how much you spend on Carnival cruises.

Since the card earns two points per $1 spent with Carnival, you stand to get a lot of value only if you’re a serial cruiser. But if you go on only one or two cruises a year at most, you might be better off with a general travel credit card that generates more rewards on everyday spending and allows you to use your rewards to book cruises.

If you do plan to apply for the card and have high-interest credit card debt, seriously consider using the card’s balance transfer promotion.

Just keep in mind that the card charges a balance transfer fee of $5 or 3% of the transfer, whichever is greater. The bonus points help mitigate the cost, but don’t do it just for the points.


Bottom line: Is the Carnival™ World MasterCard® right for you?

When picking a travel credit card, you want to find a card that will get you on your next vacation the fastest. Unfortunately, the Carnival™ World MasterCard® doesn’t offer a robust rewards program, even compared with some general travel credit cards that have no annual fee.


About the author: Ben Luthi is a personal finance freelance writer and credit cards expert. He holds a bachelor’s degree in business management and finance from Brigham Young University. In addition to Credit Karma, you can find his wo… Read more.