CCL stock for OBC credit questions

[RedIguana]

25 minutes ago, Mary229 said:

There is no requirement to being a shareholder at the time of sailing.  It is very loosey-goosey.   However considering they are in California short term capital gains rates (fed and state) can be as high as 50%

California treats capital gains as income, they do not distinguish between short and long term (max 13.3% or so). Fed long term is at 15% up to 460-517 (single vs married) 20% after that. Short term is taxed as income. You have to make half a million a year to hit 37% short term. Not sure if the extra 3% medicare on long term is still in effect. So yeah, 50% taxes short term if you over half a mil.

[Mary229]

43 minutes ago, Horizon chaser 1957 said:

No, but you ARE supposed to be a shareholder at the time you apply. And I doubt there’s exactly a  law about it. However, if CCL feels people are scamming the benefit and publicly advising others how it’s done, eliminating the benefit for everyone would be yet another small cost saving measure they can implement at any time. 

The rule is you need to demonstrate that you owned shares in the benefit period and the sailing is in the benefit period and at the time you apply. I am simply reading the CCL form and it says nothing about owning the stock at sailing. CCL could change that if they wanted.  I think they have enough to do with checking vaccine cards, passports and PCR tests 😄.  

Edited March 6, 2022 by Mary229

[ontheweb]

3 minutes ago, Mary229 said:

The rule is you need to demonstrate that you owned shares in the benefit period and the sailing is in the benefit period and at the time you apply. I am simply reading the CCL form and it says nothing about owning the stock at sailing. CCL could change that if they wanted.  I think they have enough to do with checking vaccine cards, passports and PCR tests 😄.  

It would be next to impossible to check at the time of boarding. But, I do think it is implied that one does own the stock at the time that they requested the OBC.

[Mary229]

From CCL:  

 

The benefit is applicable on sailings through July 31, 2023 aboard the brands listed below. Certain restrictions apply. Applications to receive these benefits should be made at least three weeks prior to cruise departure date.

This benefit is available to shareholders holding a minimum of 100 shares of Carnival Corporation or Carnival plc. Employees, travel agents cruising at travel agent rates, interline rates, tour conductors or anyone cruising on a reduced-rate or complimentary basis are excluded from this offer. This benefit is not transferable, cannot be exchanged for cash and, cannot be used for casino credits/charges and gratuities charged to your onboard account. Only one onboard credit per shareholder-occupied stateroom. Reservations must be made by February 28, 2023.

Please provide by email1, fax or by mail your complete legal name, reservation/booking number, ship and sailing date, along with proof of ownership of Carnival Corporation or Carnival plc shares (for example, photocopy of shareholder proxy card, a dividend tax voucher or a current brokerage or nominee statement with your current mailing address and your brokerage account number blacked out) no later than 4 weeks prior to your sail date to your travel agent or to the cruise line you have selected below.

[Horizon chaser 1957]

1 hour ago, Mary229 said:

The rule is you need to demonstrate that you owned shares in the benefit period and the sailing is in the benefit period and at the time you apply. I am simply reading the CCL form and it says nothing about owning the stock at sailing. CCL could change that if they wanted.  I think they have enough to do with checking vaccine cards, passports and PCR tests 😄.  

Assuming I was wrong, I went back and read both the shareholders benefit statement and the form. What you’re saying is simply not correct. 
First, there is no all inclusive ‘benefit period’ with a starting date. There is just a new date every year on which the current agreement expires and may, or may not, be extended for another year.

Owning a minimum of 100 shares is always mentioned in the present tense, never in the past tense. It would be impossible to check at time of sailing, but at time of application you must be a current shareholder.

From the CCL page : “This benefit is available to shareholders holding a minimum of 100 shares of Carnival Corporation or Carnival plc. ” Nowhere does it say ‘who once held’. As for the form, it requires a current brokerage statement. The moment you sell the stock, an old statement from before the sale is no longer current, and not valid. Anything can happen between applying for the benefit and actually sailing. Life happens. However, deliberately applying as a shareholder when you know you’re not using expired documents is fraud, pure and simple.

This is like booking ocean view but using the Neptune Lounge on the strength that you had sailed in a Neptune Suite at some point in the past year or so. And if your luck holds you might be able to carry it off. I’m sure some people have.

I doubt there’s actual legal ramifications, but if caught you would likely be blacklisted from receiving the benefit in the future. Worse, it strengthens the case for not renewing the benefit for the next year, and we all lose out.

(It’s OK everyone, this is my last time rising to this particular bait. I promise.😉,)

[Mary229]

26 minutes ago, Horizon chaser 1957 said:

First, there is no all inclusive ‘benefit period’ with a starting date.

The date of benefit is established at the shareholder meeting every spring.  This past year it was extended for two years as opposed to the traditional one year.  It was done to assure their customers that the benefit would stand. 

 

PS  The quote directly above is the exact quote from the shareholder form.  

Edited March 6, 2022 by Mary229

[ontheweb]

31 minutes ago, Mary229 said:

The date of benefit is established at the shareholder meeting every spring.  This past year it was extended for two years as opposed to the traditional one year.  It was done to assure their customers that the benefit would stand. 

 

PS  The quote directly above is the exact quote from the shareholder form.  

There were so many threads on the different boards of lines owned by Carnival Corporation that they would not renew the benefit to shareholders I was one of those who argued that it would be counterproductive to do away with what is basically a marketing tool.

 

I did not realize that they had extended it 2 years instead of the usual 1. Thank you for pointing that out. And it proves that all those who during the darkest days of the pandemic thought the shareholders OBC would disappear were just plain wrong.

 

 

[Mandalay1903]

4 hours ago, Mary229 said:

There is no requirement to being a shareholder at the time of sailing.  It is very loosey-goosey.   However considering they are in California short term capital gains rates (fed and state) can be as high as 50%

I'll take that risk--the rules don't say anything prohibiting selling shares. You just have to be a shareholder holding a minimum of 100 shares, which I was on the day of application. Besides, CCL nickels and dimes us all the time.

 

BTW, it was not my intent to make this a tax discussion, but I won't be taxed on these earnings.

[Mary229]

55 minutes ago, Mandalay1903 said:

I'll take that risk--the rules don't say anything prohibiting selling shares. You just have to be a shareholder holding a minimum of 100 shares, which I was on the day of application. Besides, CCL nickels and dimes us all the time.

 

BTW, it was not my intent to make this a tax discussion, but I won't be taxed on these earnings.

It is your business , I actually was supporting your position.  As long as you show legitimate documentation in accordance with the stated rules it is legit.   It is in no way fraud.  I have held my 100 shares for years but that is my choice.  I have traded in and out over the years but have kept my “original” shares for a long time. 

[canadianbear]

5 hours ago, Horizon chaser 1957 said:

No, but you ARE supposed to be a shareholder at the time you apply. And I doubt there’s exactly a  law about it. However, if CCL feels people are scamming the benefit and publicly advising others how it’s done, eliminating the benefit for everyone would be yet another small cost saving measure they can implement at any time. 

 

 

Let’s hope some people don’t spoil this benefit for all.  We’ve had stocks for years and enjoy this perk.  

[canadianbear]

Just now, canadianbear said:

5 hours ago, Horizon chaser 1957 said:

No, but you ARE supposed to be a shareholder at the time you apply. And I doubt there’s exactly a  law about it. However, if CCL feels people are scamming the benefit and publicly advising others how it’s done, eliminating the benefit for everyone would be yet another small cost saving measure they can implement at any time. 

 

 

 

Let’s hope some people don’t spoil this benefit for all.  We’ve had this stock for years and appreciate the perks with it.  

[Darfun]

I currently don’t own enough shares to get the credit but I do have a cruise booked in September. By the summer I’ll have 100 shares so I will be able to get the on board credit for that cruise. 

[cruisetravlr]

On 3/5/2022 at 8:47 AM, DaveOKC said:

So, DaveOKC, may I ask where you got this information?  I really appreciate your supplying it as i have never gotten anything like this.

[VMax1700]

2 minutes ago, cruisetravlr said:

So, DaveOKC, may I ask where you got this information?  I really appreciate your supplying it as i have never gotten anything like this.

It is posted on the Carnival Corp (CCL) website. https://www.carnivalcorp.com/shareholder-information/shareholder-benefit

[bobpell]

I've asked that i be emailed when my shareholder benefit is applied to my upcoming cruise but can I see it when I look up in the HAL site under my account prior to getting on board?

Bob

[Yukiie]

The shareholder benefit only appeared for me once I was onboard and look at my account using their Navigator app.

 

I had a copy of the email I received from Holland America stating I would receive the shareholder benefit just in case it did not post correctly to my account.

 

NOTE: I emailed about a week before our cruise requesting the shareholder benefit since I booked the cruise last minute. I did not hear back for a couple days so I emailed them again 2 days before my sail date, asking politely if they needed more information. I made sure to note my sail date in the email subject line since I figured they had a pile of requests and I didn't want them to miss the urgency. 

 

 

[Crew News]

32 minutes ago, bobpell said:

I've asked that i be emailed when my shareholder benefit is applied to my upcoming cruise but can I see it when I look up in the HAL site under my account prior to getting on board?

Bob

My OBC is listed on my HAL website payment page as "Onboard Amenities And More" as + $175.  It is also on my HAL booking receipt that I received after my CCL holdings was accepted.

[VMax1700]

2 hours ago, Crew News said:

Onboard Amenities And More" as + $175.

OK, I am a sucker!  How do you get $175 from Stockholder credit?

[Crew News]

42 minutes ago, VMax1700 said:

OK, I am a sucker!  How do you get $175 from Stockholder credit?

Not all from Stockholder credit but a combo of various sources. 

[VMax1700]

16 minutes ago, Crew News said:

Not all from Stockholder credit but a combo of various sources. 

Understood thanks!  Thought you had discovered a work around 😉

[crystalspin]

On 3/5/2022 at 11:48 AM, Horizon chaser 1957 said:

We bought our first 100 shares at $56 (ouch).

This.

 

We were going to make much of it up on six cruises over the first two years (4 HAL and 2 Princess). All cancelled of course...

Edited March 9, 2022 by crystalspin

[Crew News]

I sent my CCL OBC requests for my 5 cruises between July, 2023 and May, 2023 to my HAL PCC who forwarded them today.  Will report back if all approved.

[Crew News]

On 3/6/2022 at 1:15 PM, Mary229 said:

From CCL:  

 

The benefit is applicable on sailings through July 31, 2023 aboard the brands listed below. Certain restrictions apply. Applications to receive these benefits should be made at least three weeks prior to cruise departure date.

 

I sent my CCL Stock OBC requests to my HAL PCC last week for cruises through May 2023 and just received approval from HAL.

[mystik]

Got my shares at the beginning of covid. We are doing our first cruise since applied to get my obc on a b2b carnival cruise. I was refused because my cruises are is a reduced rate promotion. But most of my cruises are reduced rates. Exem Tahiti with holland doing in 2023 is a casino rate, will not get my obc. Not sure if this is good for me.

[Mary229]

8 minutes ago, mystik said:

Got my shares at the beginning of covid. We are doing our first cruise since applied to get my obc on a b2b carnival cruise. I was refused because my cruises are is a reduced rate promotion. But most of my cruises are reduced rates. Exem Tahiti with holland doing in 2023 is a casino rate, will not get my obc. Not sure if this is good for me.

There are OBC exemptions.  The exemptions are included on the form.  If you only own the stock for the OBC then it may not be for you.   Just so you know RCCL and NCLH has similar programs