I recently cashed in points from Princess purchases to be applied as a credit to my statement.

For 42,500 in points that was a credit of $850.00
For 5,000 in points that was a credit of $50.00

To take $900.00 off my $5000.00 charge was wonderful.

I just looked @ my statement and it was applied immediately to what is owed. That was good.

What myself and most others were having an issue with was not getting the double points for a Princess purchase. Well it seems they have finally fixed it (took over a year) and as long as they have no other issues we will continue to keep the card.

It takes time to build up the points that is for sure. We are not big credit card users and try to keep it to large purchases.
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Teresa
Upcoming:

Completed:
Disney Wonder - Bahamas - October 2008 - 5 days
Golden Princess - Hawaii - April 2013 - 14 days
Ruby Princess - Caribbean - November 2014 - 7 days
Golden Princess - Alaska-August 2015 - 10 days
Crown Princess - Hawaii - October 2016 - 15 days

Ruby Princess - Mexican Rivera-October 2017 - 7 days
Island Princess-Panama canal- April 2018 - 19 days