Bank of America Unveils Royal ONE Credit Cards; Allspring Raises Stake 9.4%
Bank of America will roll out Royal ONE™ and Royal ONE Plus™ Visa cards with 3X–4X points on cruise brands, no foreign transaction fees, and travel perks starting weeks from launch. Separately, Allspring Global Investments boosted its BAC stake by 9.4% to 3.26 million shares in Q4.
1. Royal ONE Card Partnership
Bank of America is set to introduce the Royal ONE™ Visa Signature® and Royal ONE Plus™ Visa Signature® cards in collaboration with Royal Caribbean Group. These represent the cruise industry’s first tri-branded cards, enabling cardholders to earn and redeem rewards across Royal Caribbean, Celebrity Cruises, and Silversea.
2. Card Features and Benefits
The no-fee Royal ONE card offers 3X points on cruise brand spending, 2X on grocery, gas, and EV charging, plus priority boarding and a $100 anniversary reward. The $99-fee Royal ONE Plus card delivers 4X points on cruise brands, 2X on travel and essentials, suite boarding, a $200 reward, and TSA PreCheck/Global Entry credit.
3. Allspring Holdings Stake Increase
In its latest 13F filing, Allspring Global Investments increased its Bank of America stake by 9.4% during Q4, raising its holdings to 3,264,245 shares. This marks a notable uptick in institutional confidence ahead of the new card launches.