Bank of America
Royal ONE Plus™ Visa Signature® Credit Card
Key Features
| Annual Fee | $99.00 |
| Sign-up Bonus | 70,000 bonus points |
| Rewards Rate | 4x Points |
| Intro APR | None |
| Regular APR | Standard APR 17.49% - 27.49% variable |
| Other Fees | Balance Transfer Fee 5% of each transaction |
| Network | Visa |
About this card
The Royal ONE Plus™ Visa Signature® Credit Card earns a 'Good' overall rating of 3.7 out of 5.0. This card is a highly specialized product that excels brilliantly for its specific target audience: frequent cruisers of Royal Caribbean, Celebrity Cruises, or Silversea. Its rewards program is the standout feature, offering an exceptional 4 points per dollar on eligible cruise purchases and a strong 2 points on a wide array of travel and everyday spending categories. The generous 70,000-point sign-up bonus, along with valuable perks like Global Entry/TSA Precheck credit and an annual cruise discount, provides significant value that easily offsets the moderate $99 annual fee, especially for those who leverage these benefits. A critical advantage for any travel card, and particularly this one, is the absence of foreign transaction fees, which is excellent. However, the card's overall appeal is significantly hampered by its very poor APR structure. The complete lack of an introductory APR period and a high regular variable APR range (17.49% - 27.49%) are notable drawbacks, especially for a card targeting consumers with 'Very Good' credit. This makes carrying a balance extremely expensive and can quickly erode the value of any rewards earned. Additionally, the 5% balance transfer fee is excessively high, making it unsuitable for balance transfers. While the rewards are outstanding for its niche, the high APR is a fundamental flaw for a credit product, preventing it from achieving an 'Excellent' rating. For cardholders who always pay their balance in full and are loyal to the specified cruise lines, this card offers exceptional value. For anyone who might carry a balance, the high APR becomes a significant detractor. The card represents a strong choice for its narrow demographic but is held back by its uncompetitive lending terms.
Pros & Cons
What's great
- Generous sign-up bonus
- High rewards rate
- No foreign transaction fees
- Luxury perks
- Travel perks
Things to consider
- Annual fee
- No intro APR period
- High regular APR
- High balance transfer fee
What this card offers
Sign-up bonuses
- 70,000 bonus points, redeemable for $700 in onboard credit or cruise discounts, after spending $3,000 on purchases within the first 90 days of account opening
Rewards
- 4 points per dollar spent on eligible Royal Caribbean®, Celebrity Cruises® and Silversea® purchases
- 2 points per dollar spent on eligible airline, hotel, dining, grocery, gas and EV charging station purchases
- 1 point per dollar spent on all other purchases
Other features
- $200 cruise discount aſter spending $20,000 on purchases every year
- Embark with priority suite boarding and luggage, plus
- Up to $120 Global Entry/TSA Precheck in statement credits every 4 years
- Redeem your points for cruise discounts or onboard credit to use toward cruise favorites like specialty dining, beverage packages, Wi-Fi, shore excursions and more.
- We block potential fraud if abnormal patterns are detected and let you know if we suspect fraudulent activity. Plus, you always get a $0 Liability Guarantee for fraudulent transactions.
- Balance Connect® for overdraft protection: An optional service to help prevent declined purchases, returned checks or other overdrafts when you link your eligible Bank of America® checking account to your credit card. No transfer fees. Other fees may apply.
- Paperless Statement Option
- Digital Wallet Technology: Discover more ways to pay by adding your Bank of America® credit card to your mobile device then shop in-store or in-app using Apple Pay®, Google Pay™ or Samsung Pay.
- Online & Mobile Banking: Access to our award-winning Online and Mobile Banking. Bank on the go from almost anywhere quickly and securely. Pay your credit card bill online, transfer funds, check available credit and more.
- Account Alerts: Stay on top of your balances and due dates. Choose from several types of customer email or text alerts and let your phone tell you when payments are due and paid.
- No foreign transaction fees
Additional Notes
This offer may not be available elsewhere if you leave this page. You can take advantage of this offer when you apply now. Note: minimum payments are applied to lower-interest balances first. Additional payments are applied to higher-interest balances first.