Does the Carnival Rewards Mastercard have an annual fee?

No. Our record lists a $0 annual fee for the Carnival Rewards Mastercard.

What does the Carnival Rewards Mastercard earn?

5x on Carnival Cruise Line purchases, 2x on restaurants, 2x on grocery stores, and 1x on other purchases.

Is the Carnival Rewards Mastercard worth it in the first year?

Using our illustration ($12,000 of yearly spending, $3,000 of it in Carnival Cruise Line purchases), the first year comes out around $440 before credits, including a welcome bonus valued at $200. Year two drops to about $240 before credits.

What credit do I need for the Carnival Rewards Mastercard?

Our record lists "Good" credit as the typical target for the Carnival Rewards Mastercard. Barclays makes the final decision based on its own criteria.

Carnival Rewards™ Mastercard®

Barclays

No Annual Fee

Annual Fee

mastercardGoodno-annual-fee17 days ago

Welcome Offer

20,000 pts(≈ $200)Spend $1,000 within 3 months

OpenCard analysis

Is the Carnival Rewards Mastercard right for you?

The Carnival Rewards Mastercard is a no-annual-fee rewards card from Barclays. Its strongest everyday earning is 5x on Carnival Cruise Line purchases, with 1x on most other purchases. With no fee, the question is simply whether 5x on Carnival Cruise Line purchases beats what your current card earns there.

Who it's for

✓ People who spend steadily on Carnival Cruise Line purchases, where it earns 5x
✓ Anyone who wants Carnival Cruise Line purchases rewards without paying an annual fee

Who should skip it

— Heavy spenders outside Carnival Cruise Line purchases — everything else earns 1x

First-year value estimate

Welcome bonus

$200

Rewards on spending

$240

Annual fee (year 1)

−$0

Year 1, before credits

$440

Year two, without the welcome bonus: about $240 before credits ($240 in rewards minus the $0 fee).

Assumptions

$3,000 a year in Carnival Cruise Line purchases (5x) and $9,000 on everything else (1x) — $12,000 total, about $1,000 a month.
Rewards valued at 1¢ per point or 1% cash back (cash-equivalent).
Welcome bonus: 20,000 FunPoints at 1¢ each (OpenCard valuation) ≈ $200.
No annual fee in any year.

An illustration, not a promise of value. Change the spending to match yours; rewards are not cash until redeemed. Card data reviewed 2026-10-02.

How it compares

Royal ONE Visa Signature →

Bank of America, same $0 annual fee; earns 3x on Royal Caribbean, Celebrity Cruises, and Silversea purchases.

Celebrity Cruises Visa Signature →

Barclays, same $0 annual fee; earns 2x on Celebrity Cruises and Royal Caribbean purchases.

Royal Caribbean Visa Signature →

Barclays, same $0 annual fee; earns 2x on Royal Caribbean, Celebrity Cruises, and Silversea purchases.

Compare side by side →

Rules and gotchas

The welcome bonus requires $1,000 in 3 months — roughly $333 a month. That fits inside the $1,000 a month in our illustration.

Frequently asked questions

Does the Carnival Rewards Mastercard have an annual fee?: No. Our record lists a $0 annual fee for the Carnival Rewards Mastercard.
What does the Carnival Rewards Mastercard earn?: 5x on Carnival Cruise Line purchases, 2x on restaurants, 2x on grocery stores, and 1x on other purchases.
Is the Carnival Rewards Mastercard worth it in the first year?: Using our illustration ($12,000 of yearly spending, $3,000 of it in Carnival Cruise Line purchases), the first year comes out around $440 before credits, including a welcome bonus valued at $200. Year two drops to about $240 before credits.
What credit do I need for the Carnival Rewards Mastercard?: Our record lists "Good" credit as the typical target for the Carnival Rewards Mastercard. Barclays makes the final decision based on its own criteria.

Earning Rates

5×Carnival Cruise Line purchases5x FunPoints per $1 on Carnival cruise purchases

2×Restaurants2x FunPoints per $1 at restaurants

2×Grocery stores2x FunPoints per $1 at grocery stores

1×All other purchases1x FunPoint per $1 on all other purchases

Other Benefits

Insurance

Sources

Last Updated: Oct 2, 2026