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Royal Caribbean Shareholder Perk - All you need to know

Published On
May 9, 2022
Written by
James LePage
Read time
4 mins
James LePage
Co-Founder and Director of Operations of Perk

Royal Caribbean is part of a group of cruise line companies that offer discounts to their shareholders.  The company was founded in 1968 by three major Norwegian cruise lines, and is currently headquartered in Miami, FL.  Royal Caribbean sails out of multiple ports all over the world.

Number of Shares Needed to Redeem:  100 shares

Summary of Reward

Shareholders who qualify will be able to receive a:

$250 onboard credit per stateroom on sailings of 14 nights or more. 
$100 onboard credit per stateroom on sailings of 6 to 13 nights
$50 onboard credit per stateroom on sailings of 5 nights or less.

How to Redeem

In order to receive the credit, a shareholder must download an application at https://www.rclinvestor.com/faqs/shareholder-benefit/ or call (954) 628-9325 and option #3.  

Be prepared to provide your contact information and proof of ownership for the 100 shares.

Restrictions, Other Information, and FAQs

Ownership of Shares

You must own the 100 shares of Royal Carribean at the time that you apply for the shareholder perk.  The shares have to be held by the person who is applying.  A person cannot get the discount for a friend or family member.  

What Can the Credit be Used for?

Onboard credits can be used for purchases of drinks, food, souvenirs, excursions, or other types of onboard purchases.  It cannot be applied towards an unpaid cruise balance or towards any type of pre-paid purchases or activities.  It's also important to note that onboard credits are not transferrable. Unlike other types of onboard credit any money that is not used at the end of the trip will be forfeited; it will not be refunded in cash.  

On Royal Carribean, be aware that onboard credit cannot be used to purchase some types of services, such as leaving tips for certain crewmembers.  In general, though, the list of prohibited expenditures is fairly short.  Most people will use up the credit pretty quickly on drinks, excursions, or onboard shopping.

What kind of proof of ownership for the shares do I have to show?

A photocopy of a brokerage statement is acceptable as long as the statement is no more than 90 days old.  You will need to highlight the area where it shows you own 100 shares of RCL.  While the official policy does not state that you need to own the shares directly, it will be difficult to show ownership of shares with a simple brokerage statement.  If you really want to go this route, expect for it to take much longer for it to process, and there's a good chance the request won't be approved.

Can I get multiple credits if I own more than 100 shares?

According to policy, each shareholder can qualify for one onboard credit per cruise.  If you want to qualify for multiple onboard credits, you will need to transfer shares to those individuals and have them apply for an onboard credit separately.

My wife and I each own 100 shares of RCL.  Can we each get our own credit?

The way the offer is written, it's only possible to claim one onboard credit per cabin, not per person.  

Summary

The Onboard credit perk is one of the best perks available to shareholders, and many people who have used this benefit claim that it is relatively easy to apply for and receive.  Because there is no time limit on how long a shareholder has to hold their shares in order to qualify, many people have purchased shares before a cruise simply to claim the perk.  If you cruise with Royal Caribbean frequently, the perk can pay for itself in just a few cruises.

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