For those that are being denied their Carnival shareholder's benefit/onboard credit.

[1912]

I'm wondering if those being denied their Carnival shareholder benefit/onboard credit are the ones who may only have the minimum 100 shares. Perhaps those being denied can list the number of shares they own and maybe even those approved can do the same. Just an idea, perhaps it can establish a pattern, if there is one. I will get the ball rolling by saying that in my 70 odd cruises or so (the majority under the Carnival umbrella of cruiselines), I have never been denied/turned down. I own 3305 shares (started out with 2000 shares back in the 90's when Carnival had just gone public). Nowadays buying 100 shares at the current market price is very affordable and perhaps Carnival is trying to minimize the damage, though they can always up the ante by requesting say, 500 shares as a minimum vs 100 shares that has been the same for as long as I can remember.

Just some food for thought.

[redsox1584]

We bought the minimum 100 shares just a couple of months ago. We were approved and given our onboard credit for a cruise in September within 3 weeks of submitting the documentation. 

[IntrepidFromDC]

I have over 3,000sh, I show that when I send in the partially-redacted brokerage statement, and have been denied the last two cruises.  It seems they're just enforcing some writing in the policy that they hadn't until the last six months or so.  I was on a "free" casino offer cruise both times and that surely meets the policy no-no's.

[MaryZ]

We cruise free and they give us free drinks and money to gamble with on Carnival.  On Princess we also get a free cruise or a casino rate, depending.  The same for HAL
I own their stock and used to get the shareholder credit before covid.  It's not a stock that is worth holding more than 100 shares, but I do dividend reinvestment so I have a few shares extra.

Their rules now state free cruises no longer get stockholder credit.  I'm sorry you pay for your cruises.  

It's the same for the other cruise lines of which I also have the required 100 shares.  We sail those ships for free or an extremely discounted casino rate also. 

It's more than likely they will take away shareholder credit than raise it to having to own more than 100 shares. 

[Joe817]

In other words, 1912, it matters not if you own 100 shares or 3,000 shares....or more. The shareholder benefit is the same. 

[1912]

Hey Joe buddy, you doing good? 👍

 

[Joe817]

Just now, 1912 said:

Hey Joe buddy, you doing good? 👍

 

Hanging in there, my friend! Thanks for checking in! Trying to battle this gawdawful Texas summer heat(106 today, and continuing that way for the rest of the week), & keeping the lawn watered. It's a never ending battle. And I'm trying(with the wife's encouragement,  if you know what I mean), to get in shape by going to our neighborhood YMCA. It's about to kill me! LOL. Trying to get in shape for our upcoming 8 day cruise on the Dream beginning Sept. 24. Other than that, just staying under the A/C. 

 

How about you? What's going on at your end? 

[BlerkOne]

Never been denied and was never interested in holding more than the minimum to get the shareholder benefit. Currently own none but will buy 100 shares to get the benefit for a cruise I booked recently. Already have the OBC for the other cruises remaining this year.

[sailorfool57]

I only realized we had 1000 shares the week before our cruise last week and told my husband about the credit.  He sent an email along with statement but we never heard anything back.  I realize it was short notice, but figured we’d get some kind of response.

[1912]

6 minutes ago, Joe817 said:

Hanging in there, my friend! Thanks for checking in! Trying to battle this gawdawful Texas summer heat(106 today, and continuing that way for the rest of the week), & keeping the lawn watered. It's a never ending battle. And I'm trying(with the wife's encouragement,  if you know what I mean), to get in shape by going to our neighborhood YMCA. It's about to kill me! LOL. Trying to get in shape for our upcoming 8 day cruise on the Dream beginning Sept. 24. Other than that, just staying under the A/C. 

 

How about you? What's going on at your end? 

 

I hear you about the heat Joe......primarily the reason I am going up North for those Alaska cruises next month. Don't let the Mrs. boss you around, Joe. My good friend Jose that I befriended many years ago when I moved here, told me once "Let me tell you something about women in this country, you have to teach them that MEN ALWAYS HAVE THE LAST WORD.......YES DEAR"......lol...lol...lol...As always, please pardon my attempt at humor, Joe.

[Joe817]

3 minutes ago, 1912 said:

 

I hear you about the heat Joe......primarily the reason I am going up North for those Alaska cruises next month. Don't let the Mrs. boss you around, Joe. My good friend Jose that I befriended many years ago when I moved here, told me once "Let me tell you something about women in this country, you have to teach them that MEN ALWAYS HAVE THE LAST WORD.......YES DEAR"......lol...lol...lol...As always, please pardon my attempt at humor, Joe.

Too funny!! LOLOLOL! There's some truth in that, pilgrim!  Good to hear from you! Stay cool! 

[1912]

Check this link out Joe, I know you like trains.......I have visited this landmark a few times over the years .... before when it was derelict and also after being restored. It is about a 2-hour drive from me. The small "town" around the depot still stands and houses people.

 

https://www.nps.gov/moja/learn/historyculture/kelso-depot.htm

 

Now, do I get penalized for hijacking my own thread? lol

[BlerkOne]

53 minutes ago, MaryZ said:

  It's not a stock that is worth holding more than 100 shares,

 

Preaching to the choir 

 

53 minutes ago, MaryZ said:

 

but I do dividend reinvestment so I have a few shares extra.

I would do the same but periodically sell off the excess 

 

53 minutes ago, MaryZ said:

 

It's the same for the other cruise lines of which I also have the required 100 shares. 

Cruise lines like Royal have a similar program, but as I understand it, deny even more people than Carnival. Plus their stock price requires a much higher investment to maybe get the same OBC.

[1912]

1 hour ago, MaryZ said:

....... It's not a stock that is worth holding more than 100 shares.....................

 

13 minutes ago, BlerkOne said:

Preaching to the choir.......

 

I beg to differ......I purchased my Carnival stock when they first went public.....over the years they TWICE had a 2for1 stock split so I am in at just under a $1 a share......plus the dividends they have historically always paid until this financial mess caused by Covid. Even at $8 a share I am still way ahead, let alone when the shares reached a high of what, $71 or so?

I purchase my stock for the long term ROI not the obc, the latter is just icing on the cake.

Hopefully Carnival will recover from the mess they are in, especially now being burdened with a debt of $35 billion, make that a Capital B !!!

Not worth holding more than 100 shares you say???

Edited July 18, 2022 by 1912

[BlerkOne]

34 minutes ago, 1912 said:

 

 

I beg to differ......I purchased my Carnival stock when they first went public.....over the years they TWICE had a 2for1 stock split so I am in at just under a $1 a share......plus the dividends they have historically always paid until this financial mess caused by Covid. Even at $8 a share I am still way ahead, let alone when the shares reached a high of what, $71 or so?

I purchase my stock for the long term ROI not the obc, the latter is just icing on the cake.

Hopefully Carnival will recover from the mess they are in, especially now being burdened with a debt of $35 billion, make that a Capital B !!!

Not worth holding more than 100 shares you say???

My money, my choice. You could have done better with other investments. Just sayin' 

 

CCL did suspend dividends after 9/11. This isn't the first time.

[1912]

11 minutes ago, BlerkOne said:

My money, my choice. You could have done better with other investments. Just sayin' 

 

CCL did suspend dividends after 9/11. This isn't the first time.

 

Just like you said, my money, my choice! I know better than to get drawn into an argument with you, I have seen you in action on plenty of your posts. I certainly do not need YOUR kind of financial advice. Just sayin'.

Based on historical performance and not speculation, I feel confident the stock will rebound. 

I wish you the best of luck with YOUR investment.

Edited July 18, 2022 by 1912

[Moviela]

The wording of the agenda item the board of directors approves each year

has not changed. What has changed is lower management that has been ordered to save money where ever possible. They have now classified "Casino Rates" as discounted or free cruises. What we don't know is how much the casino operator pays the cruise line for the room. I can't imagine it is less than block rooms sold to the large travel agencies. 

 

I have been denied for ten journeys going forward. They changed the policy after I paid in full. Not very sporting in my view, but I simply take a matching amount off my casino bankroll, and put it in my "take it off the ship pocket." Problem solved.

Edited July 18, 2022 by Moviela

[BlerkOne]

4 minutes ago, Moviela said:

The wording of the agenda item the board of directors approves each year

has not changed. What has changed is lower management that has been ordered to save money where ever possible. They have now classified "Casino Rates" as discounted or free cruises. What we don't know is how much the casino operator pays the cruise line for the room. I can't imagine it is less than block rooms sold to the large travel agencies. 

 

I have been denied for ten journeys going forward. They changed the policy after I paid in full. Not very sporting in my view, but I simply take a matching amount off my casino bankroll, and put it in my "take it off the ship pocket." Problem solved.

 

As you say, the wording hasn't changed (although I think some words have changed), so the policy hasn't changed. What did change was enforcement of a policy already written. And enforcement has already been relaxed in many cases.

 

I do give you credit for not saying you will pull tips as a result.

 

 

[pe4all]

Have 200 shares.  Was approved for July 2022 cruise, denied by same person for January 2023 cruise- both submitted same time with correct paperwork and with same casino rate.  No rhyme or reason.  Will re-apply for January cruise around November just to see what happens.

[bar1068]

So, um I have more than the required 100 shares, but right now, wondering why I've not heard anything about my latest request I submitted on July 1, for our cruise that leaves on July 26. I know their auto reply says not to check, the approval could come the week of the cruise, but this is the 4th request I've made in the last 9 months, and the past ones I have the approval within about a week or so. Would I be wasting my time contacting them again, or wait them out?

[LHARTWICK]

We own 100 shares - bought in not long after the whole COVID fiasco started.  We've been denied for a couple of cruises, being told by CCL our fare was too cheap for us to get the OBC.  We've been approved for others where we paid more for the cruise.  As someone else said, there doesn't seem to be any rhyme or reason to it.  Seems to be the luck of the draw as to who gets the e-mail on the other end at CCL, which is stupid IMO.  CCL reps should have hard and fast guidelines as to who gets the SH OBC and who doesn't.  I submitted a request last week for our OCT cruise.  Waiting to hear back, but I'll be surprised if it's approved.  

[bar1068]

31 minutes ago, LHARTWICK said:

We own 100 shares - bought in not long after the whole COVID fiasco started.  We've been denied for a couple of cruises, being told by CCL our fare was too cheap for us to get the OBC.  We've been approved for others where we paid more for the cruise.  As someone else said, there doesn't seem to be any rhyme or reason to it.  Seems to be the luck of the draw as to who gets the e-mail on the other end at CCL, which is stupid IMO.  CCL reps should have hard and fast guidelines as to who gets the SH OBC and who doesn't.  I submitted a request last week for our OCT cruise.  Waiting to hear back, but I'll be surprised if it's approved.  

Curious, when you say CCL told you your "fare was too cheap", why was the fare cheaper? A VIFP offer, or a Casino deal or something else? I'm curious because the one I'm waiting to hear back on that I submitted on 7/1, was a really cheap VIFP fare. But I've not yet heard yay or nay.

 

[LHARTWICK]

7 minutes ago, bar1068 said:

Curious, when you say CCL told you your "fare was too cheap", why was the fare cheaper? A VIFP offer, or a Casino deal or something else? I'm curious because the one I'm waiting to hear back on that I submitted on 7/1, was a really cheap VIFP fare. But I've not yet heard yay or nay.

 

VIFP Fare - but the CCL agent who sends the denial doesn't say how cheap is too cheap.  At least that's been my experience.  For our DEC 2021 cruise, we basically paid $600 total for a balcony cabin over Christmas week and were denied the credit.    

[mrpayroll]

I have never been turned down for the O.B.C 

[farjar]

5 hours ago, pe4all said:

Have 200 shares.  Was approved for July 2022 cruise, denied by same person for January 2023 cruise- both submitted same time with correct paperwork and with same casino rate.  No rhyme or reason.  Will re-apply for January cruise around November just to see what happens.

We have 100 shares.  Applied in May for 2 upcoming cruises at the same time, one for 16 days in Sept. 2022 and one for 8 days in Dec. 2022. We were approved for both, $250 for the 16 day and $100 for the 8 day.  We were surprised they approved the second cruise so far out but I would definitely resubmit closer to your sail date.  Perhaps it was too early for a cruise in 2023.