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So I bought 100 shares in Carnival last week and applied for the shareholder OBC on 2 booked cruises.  Still have not heard anything or gotten anything. Is Carnival still doing the shareholder OBC or does anyone know how long it takes to hear from them?  Do I need to have them paid off first?  Thanks

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40 minutes ago, tennboy1981 said:

So I bought 100 shares in Carnival last week and applied for the shareholder OBC on 2 booked cruises.  Still have not heard anything or gotten anything. Is Carnival still doing the shareholder OBC or does anyone know how long it takes to hear from them?  Do I need to have them paid off first?  Thanks

Takes about three to four weeks.  You do not have to have cruise paid off.  We got confirmation on 5 of 8 cruises that we have booked and advised to resend in info for cruises after July 2021 with ownership proof that is current at that time.

 

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1 minute ago, PaulMedik said:

Takes about three to four weeks.  You do not have to have cruise paid off.  We got confirmation on 5 of 8 cruises that we have booked and advised to resend in info for cruises after July 2021 with ownership proof that is current at that time.

 

Great, thank you.  Did you have to send in booking numbers individually?  I sent a fax in last week for 2 bookings.

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37 minutes ago, tennboy1981 said:

Great, thank you.  Did you have to send in booking numbers individually?  I sent a fax in last week for 2 bookings.


I can say i have done it for as many as three bookings at once before. I think I put them all on separate sheets but faxed them all together.

 

Edited by Saint Greg
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59 minutes ago, tennboy1981 said:

Great, thank you.  Did you have to send in booking numbers individually?  I sent a fax in last week for 2 bookings.

I included all booking numbers, ships / sail dates on one and sent in.

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I'm wondering if, since so many people were able to get their 100 shares cheaply recently, they'll eventually increase the amount of shares you need to have to qualify. I doubt they'll do it soon, because anyone wanting to buy their shares right now is a big plus for them while the cost of OBC won't hit them until after cruises resume. But eventually.

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3 hours ago, tennboy1981 said:

So I bought 100 shares in Carnival last week and applied for the shareholder OBC on 2 booked cruises.  Still have not heard anything or gotten anything. Is Carnival still doing the shareholder OBC or does anyone know how long it takes to hear from them?  Do I need to have them paid off first?  Thanks

I sent in two cruises for this September three weeks ago, received an e-mail two days later . It said they are looking into to it, and will get back to me as soon as they can. Will let you know when it’s approved.

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2 hours ago, PaulMedik said:

Takes about three to four weeks.  You do not have to have cruise paid off.  We got confirmation on 5 of 8 cruises that we have booked and advised to resend in info for cruises after July 2021 with ownership proof that is current at that time.

 

I’ve always heard back within 24 hours with approval and an updated confirmation. My experience consists of a minimum 60 submissions (two staterooms for 30 eligible cruises).

 

Lately I’ve seen it applied to the booking within four hours. I submit via fax.

Edited by xDisconnections
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I ended up calling the phone number listen on the shareholder OBC.  Spoke to a nice lady, she looked up and said that the fax I sent in last week wasn't in their system, so I resent the fax today.  I called back, and she was able to locate the new fax, she applied the OBC to both my bookings and sent me confirmation emails.  Was easy peasy.

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2 hours ago, Earthworm Jim said:

I'm wondering if, since so many people were able to get their 100 shares cheaply recently, they'll eventually increase the amount of shares you need to have to qualify. I doubt they'll do it soon, because anyone wanting to buy their shares right now is a big plus for them while the cost of OBC won't hit them until after cruises resume. But eventually.

It looks like this shareholder benefit is valid through bookings made by February of 2021.  I am not sure reneging on their shareholder OBC mid-offer would be a good move right now considering how low and volitile their stocks are.  Could anger a lot of people who may choose to sell those shares.  By next year, their stock value will (hopefully) have improved significantly.

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3 minutes ago, tennboy1981 said:

I ended up calling the phone number listen on the shareholder OBC.  Spoke to a nice lady, she looked up and said that the fax I sent in last week wasn't in their system, so I resent the fax today.  I called back, and she was able to locate the new fax, she applied the OBC to both my bookings and sent me confirmation emails.  Was easy peasy.

Glad it worked out for you, OP.

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The OBC offer is voted on at the Shareholder meeting each July.  I am not sure if it runs for a calendar year or a fiscal year, but they can't post the OBC for cruises after the current authorization runs out.

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3 minutes ago, K&RCurt said:

The OBC offer is voted on at the Shareholder meeting each July.  I am not sure if it runs for a calendar year or a fiscal year, but they can't post the OBC for cruises after the current authorization runs out.

Interesting.  Do you have to have a certain amount of shares in order to vote?

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2 minutes ago, tennboy1981 said:

Interesting.  Do you have to have a certain amount of shares in order to vote?

I don't thinks so.  Your vote, however carries the weight of your number of shares.  IIRC we get a proxy notice late May / Early June.

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Board of directors would not necessarily need shareholder approval to cancel/suspend  this benefit. That is after all why we elect a board of directors, to make these kind of operational decisions between shareholder meetings.

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1 minute ago, K&RCurt said:

I don't thinks so.  Your vote, however carries the weight of your number of shares.  IIRC we get a proxy notice late May / Early June.

ah, cool.  Im a novice at this all, just started investing last month.  

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Just the suspension of the dividends will save hundreds of millions per quarter... that being said, seeing what a bad year this will end up being, I would expect that the shareholder benefits may not be renewed at the end of this year. 

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6 minutes ago, tm_aw_love said:

Just the suspension of the dividends will save hundreds of millions per quarter... that being said, seeing what a bad year this will end up being, I would expect that the shareholder benefits may not be renewed at the end of this year. 

I would love to know how much the shareholder's credit costs them per year. I don't think it would be enough to have them suspend it but you never know.

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When someone goes to the casino and cashes them out and doesn't spend money on the cruise, 100%. Understand, you are asking per year and most people use OBC correctly probably around 30%.

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7 hours ago, bury me at sea said:

 

What does "most people use OBC correctly" mean?

 

I think what Coevan means is, if you don't use all your OBC on a particular cruise that amount IS NOT REFUNDED TO YOU, therefore if you see this may happen you can have that amount put on your casino account and then cash out your account at the casino afterwards. I had to do it on in order to use all the OBC on my 25th "white card" cruise.

Edited by glrounds
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3 hours ago, glrounds said:

 

I think what Coevan means is, if you don't use all your OBC on a particular cruise that amount IS NOT REFUNDED TO YOU, therefore if you see this may happen you can have that amount put on your casino account and then cash out your account at the casino afterwards. I had to do it on in order to use all the OBC on my 25th "white card" cruise.

 

I understand that.  I don't understand the poster's reference to using it correctly.  What is incorrect?

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