Carnival Stock On Board Credit

I own 100 shares of Carnival stock and received the $100 onboard credit on my first cruise after purchasing the stock a year ago. Is this a one time only credit or do I get $100 credit each time I cruise on HAL? If so, how does it show up again?

I own 100 shares of Carnival stock and received the $100 onboard credit on my first cruise after purchasing the stock a year ago. Is this a one time only credit or do I get $100 credit each time I cruise on HAL? If so, how does it show up again?

You will get credit each time you cruise. The amount of the credit depends on the length of the cruise.

Terri

Thanks for the quick reply. Do you know what we need to do to receive it or will the credit automatically show up? Glad I asked because I thought it was a one time deal.

You'll just need to fax in the proof of ownership for each cruise, just as you did the first time.

Our TA takes care of the shipboard credit for us. She has a copy of our purchase and always notifies HAL at the appropriate time.

One year when we did 4 cruises, we got the credit all 4 times.

You can also email to worldcruisereservations@holandamerica.com

Be sure to attach your proof of ownership.

I got a reply confirming within a day.

Our TA takes care of the shipboard credit for us. She has a copy of our purchase and always notifies HAL at the appropriate time.

 

One year when we did 4 cruises, we got the credit all 4 times.

That's not the way it's supposed to work, but apparently HAL reps aren't enforcing the provision to provide proof of current ownership. Think about it: Hypothetically, you could sell all of your CCL stock and your TA could continue to provide HAL copies of your original purchase confirmation to garner you obc indefinitely. That's why they're supposed to ask for current brokerage statements.

How long must one hold stock in order to get the OBC?

How long must one hold stock in order to get the OBC?

You qualify for it immediately upon purchase. There is no waiting period.

That's not the way it's supposed to work, but apparently HAL reps aren't enforcing the provision to provide proof of current ownership. Think about it: Hypothetically, you could sell all of your CCL stock and your TA could continue to provide HAL copies of your original purchase confirmation to garner you obc indefinitely. That's why they're supposed to ask for current brokerage statements.

I always fax my original purchase and have never been asked for anything else. I always receive the OBC.

Terri

Ahoy!

You can email it, as mentioned, as an attachment if you have on-line access to your account (be sure to X out your full account number, any other ID numbers, other holdings, etc.), fax it in or "snail" mail into the HAL office. If your using your local 'brick & mortar' TA they can do it for you also.

Whatever means you use be sure to bring a confirmation aboard with you so you will have some proof of the credit if one computer fails to 'talk' with another computer when it's time to settle up your on-board account.

Here's a link to the current detail page for the current fiscaal year:

http://phx.corporate-ir.net/External.File?item=UGFyZW50SUQ9MzUxMTh8Q2hpbGRJRD0tMXxUeXBlPTM=&t=1

Have a WONDERFUL CRUISE!

Bon Voyage & Good Health!

Bob:)

Hi,

I've just read the "shareholder benefit" from the website you provided. It says that the benefit is applicable on sailing through July 31, 2011.

Is this a limited benefit or is it a benefit that is renewed each fiscal year?

Hi,

 

I've just read the "shareholder benefit" from the website you provided. It says that the benefit is applicable on sailing through July 31, 2011.

 

Is this a limited benefit or is it a benefit that is renewed each fiscal year?

They usually vote on it at the annual stockholders meeting. There is always the chance that they will vote it down, but I don't think so.

Terri

send proof of stock ownership and proof of cruise to HAL and they will issue a shipboard credit.

We have done it many times and the credits now exceed the price that we paid for the stock by couple thousand dollars.

not a bad deal.

Ruth & Jim

I always fax my original purchase and have never been asked for anything else. I always receive the OBC.

Terri

Yes, I know. That was the point.of my post. HAL is processing the obc based on the original purchase document, but shouldn't be.

DUCY?

That's not the way it's supposed to work, but apparently HAL reps aren't enforcing the provision to provide proof of current ownership. Think about it: Hypothetically, you could sell all of your CCL stock and your TA could continue to provide HAL copies of your original purchase confirmation to garner you obc indefinitely. That's why they're supposed to ask for current brokerage statements.

From what our TA has told us -- once she faxes the information to Seattle -- Seattle has a way of checking to determine if you still do own the stock.

Also -- until recently the monthly statements we get from our broker has not included Carnival as they had stopped giving out dividends. Just noticed on our last statement that we did get a small dividend.

That's not the way it's supposed to work, but apparently HAL reps aren't enforcing the provision to provide proof of current ownership. Think about it: Hypothetically, you could sell all of your CCL stock and your TA could continue to provide HAL copies of your original purchase confirmation to garner you obc indefinitely. That's why they're supposed to ask for current brokerage statements.

From what our TA has told us -- once she faxes the information to Seattle -- Seattle has a way of checking to determine if you still do own the stock.

 

Also -- until recently the monthly statements we get from our broker has not included Carnival as they had stopped giving out dividends. Just noticed on our last statement that we did get a small dividend.

KK, I too was told that HAL has a way of checking, by looking up the original stock certificate purchase number, to see if you still own the stock..

I find it strange that your monthly brokerage statement does not include your Carnival stock...Stock prices change daily & our brokerage statement indicates the price as of the end of each month...All stocks, mutuals, bonds etc. in our account are indicated on our monthly statement, even if they don't pay dividends..

Looks like we'll be receiving quarterly dividends for a while...:)

Cheers....:)Betty

KK, I too was told that HAL has a way of checking, by looking up the original stock certificate purchase number, to see if you still own the stock..

That wouldn't work because most stock certificates are issued in "street name." IOW, if you purchase stock through a Schwab account, the certificate is issued in Schwab's name. That's why when you receive proxy maerial or annual reports from CCL or any other company you may own, they are sent from the company to the brokerage firm, and then the broker mails it to their customers who actually own the stock.

Don't purchase stock through a Schawb account.

KK, I too was told that HAL has a way of checking, by looking up the original stock certificate purchase number, to see if you still own the stock..

 

I find it strange that your monthly brokerage statement does not include your Carnival stock...Stock prices change daily & our brokerage statement indicates the price as of the end of each month...All stocks, mutuals, bonds etc. in our account are indicated on our monthly statement, even if they don't pay dividends..

 

Looks like we'll be receiving quarterly dividends for a while...:)

 

Cheers....:)Betty

Betty

I did look up some old reports -- Carnival is listed every month -- I guess I wasn't paying attention since we haven't gotten a dividend in a year or so.

Right around final payment, our TA sends in the request for the various shipboard credits. She has told us that sometimes it takes a day or two for HAL to confirm the shipboard credit as they do have to check the records.

Yonnie

That wouldn't work because most stock certificates are issued in "street name." IOW, if you purchase stock through a Schwab account, the certificate is issued in Schwab's name. That's why when you receive proxy maerial or annual reports from CCL or any other company you may own, they are sent from the company to the brokerage firm, and then the broker mails it to their customers who actually own the stock.

Don't purchase stock through a Schawb account.

This topic came up a while back in a thread that was eventually pulled. Someone quite bluntly told me there was "no way" Carnival could determine who currently held their stock.

A couple of points -

1. It does not matter who you purchased your stock thru, Schwab was just an example, unless you hold the stock certificates in your hands it was most likely purchased under a "street name"

2. 70% of Carnival's stock is held by institutions (mutual funds and the like) or insiders (information from yahoo finance YMMV). Those shares would not qualify for any benefit for anyone.

3. With the remaining stock, with each person holding exactly 100 shares (not likely) there would be around 250,000 names to check. Not a large task in our information age.

4. At the time of the discussion I asked my PCC if she could find out how many cabins were getting a stock benefit for my cruise and the ones right around it. Less than 10 cabins were involved per sailing -- not hard to check (around 150 per week) even if someone has to call each individual brokerage house.

5, While this is a common thread on Cruise Critics as has been mentioned before CC members are a small portion of the cruise population. Most people don't know that this benefit exists. My current investment adviser and a travel agent I used for a while were both unaware that the credit was available.

That wouldn't work because most stock certificates are issued in "street name." IOW, if you purchase stock through a Schwab account, the certificate is issued in Schwab's name. That's why when you receive proxy maerial or annual reports from CCL or any other company you may own, they are sent from the company to the brokerage firm, and then the broker mails it to their customers who actually own the stock.

Interesting, I always thought that Carnival & the other Companies we own has our Brokerage Account Number in their records in order to confirm that we own the stock..

Betty

 

I did look up some old reports -- Carnival is listed every month -- I guess I wasn't paying attention since we haven't gotten a dividend in a year or so.

 

Right around final payment, our TA sends in the request for the various shipboard credits. She has told us that sometimes it takes a day or two for HAL to confirm the shipboard credit as they do have to check the records.

 

Yonnie

Thanks Yonnie for the clarification..

This topic came up a while back in a thread that was eventually pulled. Someone quite bluntly told me there was "no way" Carnival could determine who currently held their stock.

 

A couple of points -

1. It does not matter who you purchased your stock thru, Schwab was just an example, unless you hold the stock certificates in your hands it was most likely purchased under a "street name"

 

2. 70% of Carnival's stock is held by institutions (mutual funds and the like) or insiders (information from yahoo finance YMMV). Those shares would not qualify for any benefit for anyone.

 

3. With the remaining stock, with each person holding exactly 100 shares (not likely) there would be around 250,000 names to check. Not a large task in our information age.

 

4. At the time of the discussion I asked my PCC if she could find out how many cabins were getting a stock benefit for my cruise and the ones right around it. Less than 10 cabins were involved per sailing -- not hard to check (around 150 per week) even if someone has to call each individual brokerage house.

 

5, While this is a common thread on Cruise Critics as has been mentioned before CC members are a small portion of the cruise population. Most people don't know that this benefit exists. My current investment adviser and a travel agent I used for a while were both unaware that the credit was available.

So Rich are you saying that HAL can & do check to confirm that we personally hold their stock by calling our Brokerage House? Imagine that, having to call a Brokerage, would be time consuming.. From now on, will be sure to send them an updated Monthly statement..

BTW, For years Criise Critic posters have touted the stock & I was always reluctant to buy it... I'm pleased that we finally bit the bullet & purchased the stock...Not only have we received the OBC from HAL, but the stock doubled in price since we bought it at $18.25 & it paid a $10 dividend for each share in the last quarter...Only regret is that we didn't purchase more.;) It's been a win win for us.. :):)

Cheers....:)Betty

We bought our stock many years ago when it was about $12 a share -- have really made out on it.

Buy an extra 100 shares doesn't get you any extra shipboard credit.

Here's from the horses mouth i will try to abreviate. Dear sir/madam Hal line offers guest with current reservations and hold CCL stock a ship board credit incentive. amount as fallows: 3-6days $50.total 7-13 days $100.total 14 or more days $250.total. ship board credit can be used for (gift shop purchases,shore excursions, pinnacle grill to name a few). Can not be redeemed for casino purchases nor for cash at end of sailing and must be used for the voyage it was applied for. To apply for the ship board credit due to CCL shares, guest should send in the proof of ownership(statement of shares,letter from Carnival/or finannial advisor)stating how many shares are owned, and who the share holder(s) is/are. the min. number of CCL stock is 100 shares to be eligible for the ship brd. credit incentive SEND REQUEST to one of the following :) Holland America line ATTN:WORLD CRUISE RESERVATIONS or FAX:to 206-281-0627 E-MAIL worldcruisereservations@hollandamerica.com LAST MAIL: 300 Elliot Ave. west; Seattle, WA 98119 Hopes this helps.

am I correct to assume that you need to have 100 shares for each cabin you wish to receive a obc for? ie family of 5 & we always book 2 cabins. DH & I would need to each independently purchase 100 vs 200 on same account? or is there a household maximum ie 1 cabin per family, etc