Disney Information Station Logo

Go Back   The DIS Discussion Forums - DISboards.com > Disney Trip Planning Forums > Budget Board
Find Hotel Specials & DIScounts
 
facebooktwitterpinterestgoogle plusyoutubeDIS UpdatesDIS email updates
Register Chat FAQ Tickers Search Today's Posts Mark Forums Read





Reply
 
Thread Tools Rate Thread Display Modes
Old 12-04-2012, 11:45 AM   #1
sayheyrenee
Mouseketeer
 
Join Date: Nov 2012
Posts: 309

received 2 disney credit card offers-help

I received 2 credit card offers in the mail. Need help. Looked at both and can't decide.

Both from Chase Visa, both earn $200 gift card after $500. in 3 months, same APR % etc

Here's the only difference I can tell:

The one that is no annual fee earns 1%
The one with free fee fir first year, then $49.00 after earns 2% on gas, rest, disney locations and 1% all others.

I want to earn the gift card and put my trip (May) on when due.

Which would you choose?
I'm leaning towards no annual fee since I
have other better rewards cards (southwest, RCCL)
sayheyrenee is offline   Reply With Quote
Old 12-04-2012, 12:05 PM   #2
DisneyFansInLINY
DIS Veteran
 
DisneyFansInLINY's Avatar
 
Join Date: Sep 2008
Posts: 1,021

I would take both of them to get $400 in rewards.
DisneyFansInLINY is offline   Reply With Quote
|
The DIS
Register to remove

Join Date: 1997
Location: Orlando, FL
Posts: 1,000,000
Old 12-04-2012, 12:20 PM   #3
sayheyrenee
Mouseketeer
 
Join Date: Nov 2012
Posts: 309

What does it do to your credit to open both at the same time?

It is addressed to the ***** family. Can I open one and my husband the other? He doesn't understand the value of opening them for the "gift" He see it as potential open credit. But we've never had an issue with credit.
sayheyrenee is offline   Reply With Quote
Old 12-04-2012, 12:25 PM   #4
DisneyFansInLINY
DIS Veteran
 
DisneyFansInLINY's Avatar
 
Join Date: Sep 2008
Posts: 1,021

I took out two Southwest cards and my husband took out one so we could get the companion pass for our dd. So far so good with my credit score. I haven't applied for a credit card in years. So as long as you do not make a habit of it, it shouldn't be a problem. Just do not close your accounts all at once because that hurts your credit score. And since it was addressed to a last name and not a specific person, any person with that last name can apply. So yes, you can take out one and your husband can take out one.
DisneyFansInLINY is offline   Reply With Quote
Old 12-04-2012, 12:29 PM   #5
sayheyrenee
Mouseketeer
 
Join Date: Nov 2012
Posts: 309

Thank you for the response. Now to talk him into the free money. I already did with southwest and should get the points at the close of this statement. Hoping to book air by mid December. Between all these offers and my sales on eBay this trip should be practically 1/3 of the original cost.
sayheyrenee is offline   Reply With Quote
Old 12-04-2012, 12:51 PM   #6
scard192
DIS Veteran
 
Join Date: Jun 2009
Posts: 2,966

Quote:
Originally Posted by sayheyrenee View Post
What does it do to your credit to open both at the same time?

It is addressed to the ***** family. Can I open one and my husband the other? He doesn't understand the value of opening them for the "gift" He see it as potential open credit. But we've never had an issue with credit.
My sis and BIL both applied for the $200 offer a couple of years and both got it. was address to "family".
__________________
scard192 is offline   Reply With Quote
Old 12-04-2012, 12:58 PM   #7
hsmamato2
Tink in Training-Good Girl,Bad temper
Little house on the prairie was the HEIGHT of t.v
 
hsmamato2's Avatar
 
Join Date: Mar 2005
Posts: 6,059

Quote:
Originally Posted by sayheyrenee View Post
What does it do to your credit to open both at the same time?

It is addressed to the ***** family. Can I open one and my husband the other? He doesn't understand the value of opening them for the "gift" He see it as potential open credit. But we've never had an issue with credit.
it doesn't do much of anything just keep careful track of what card is which.....don't get finance charges,and get your $400.00!
BTW, 1-2% is so tiny an amount back,If I were chossing only one,I'd choose the fee-free card..... if I'm paying an annual fee, it has to be for BIG rewards LOL
__________________
Ohana means family
stitch2:ug:
hsmamato2 is offline   Reply With Quote
Old 12-04-2012, 01:02 PM   #8
sayheyrenee
Mouseketeer
 
Join Date: Nov 2012
Posts: 309

Quote:
Originally Posted by hsmamato2 View Post
it doesn't do much of anything just keep careful track of what card is which.....don't get finance charges,and get your $400.00!
BTW, 1-2% is so tiny an amount back,If I were chossing only one,I'd choose the fee-free card..... if I'm paying an annual fee, it has to be for BIG rewards LOL
I didn't see a difference in benefits either. I just can't see opening the one that charges an annual fee after a year. I want to open both for the free money but wonder how to avoid the fee after the first year.

Do you think we can both apply for the same one with the offer code? or is it a one time code?
sayheyrenee is offline   Reply With Quote
Old 12-04-2012, 01:44 PM   #9
Firefly09
going through Disney withdrawals
 
Firefly09's Avatar
 
Join Date: Jun 2010
Posts: 446

Get both. Opening a new credit card dings your credit score about 5 points for a few months. As long as you are paying off the card every month, your score should rebound and possibly go up. I would use the 1% just enough to get the giftcard offer and then continue using the 2% card to maximize the amount back. That is unless you have another card that you use that offers you better benefits.

As for the 2% card, at the end of the first year call them up and asked to be downgraded to the 1% fee free card. They *might* offer you to stay at the 2% with some incentive or just go ahead with the downgrade

Last edited by Firefly09; 12-04-2012 at 01:49 PM.
Firefly09 is offline   Reply With Quote
Old 12-04-2012, 08:51 PM   #10
jenrose66
DIS Veteran
 
jenrose66's Avatar
 
Join Date: Mar 2005
Location: New York
Posts: 1,880

Quote:
Originally Posted by sayheyrenee View Post
I received 2 credit card offers in the mail. Need help. Looked at both and can't decide.

Both from Chase Visa, both earn $200 gift card after $500. in 3 months, same APR % etc

Here's the only difference I can tell:

The one that is no annual fee earns 1%
The one with free fee fir first year, then $49.00 after earns 2% on gas, rest, disney locations and 1% all others.

I want to earn the gift card and put my trip (May) on when due.

Which would you choose?
I'm leaning towards no annual fee since I
have other better rewards cards (southwest, RCCL)
I have the fee card...however, I put EVERYTHING on that card and just pay it off in full every month. I earn about $20 a month so after the fee I end up with roughly $200 a year in rewards. It's not making me rich, but it's the only card I use so it was worth it to me.

In your case, it sounds like the no fee card may be a better choice, since you do have other cards you use.
__________________
Me 32 DH 34 DS 7! DS 5! DD 3!
jenrose66 is offline   Reply With Quote
Old 12-04-2012, 08:56 PM   #11
sydneysmom
ready to go back to Disney..... NOW!
 
sydneysmom's Avatar
 
Join Date: Sep 2009
Location: Mississippi
Posts: 3,477

Quote:
Originally Posted by jenrose66 View Post
I have the fee card...however, I put EVERYTHING on that card and just pay it off in full every month. I earn about $20 a month so after the fee I end up with roughly $200 a year in rewards. It's not making me rich, but it's the only card I use so it was worth it to me.

In your case, it sounds like the no fee card may be a better choice, since you do have other cards you use.
We did this too....we had the regular card and switched to the premier card. I put everything on it... food shopping / gas / car insurance payment / restaurants.....we are on the Dave Ramsey plan w/ cash envelopes, so I've got a Chase envelope and for everything we charge, we put the cash in the envelope so it gets paid off each month. We have roughly $ 1450 in Disney dollars that (as of now) that we will use towards our trip in June ! So for the $ 49 annual fee, (we got that card this year) it was totally worth it. (for us, anyway...)
__________________
Sydney's Step Mom
me DH DD8 bebe ellie chloe phoebe

2010 : Grand Floridian and MNSSHP
2013 : Grand Floridian and DH's birthday!
2016 : First trip to Universal

Last edited by sydneysmom; 12-04-2012 at 09:59 PM. Reason: updated amount shown
sydneysmom is offline   Reply With Quote
Old 12-05-2012, 12:36 AM   #12
OLT2004
DIS Veteran
 
OLT2004's Avatar
 
Join Date: Apr 2004
Location: PA
Posts: 636

We got sort of the same offer -
Ours went something like this...
$200 Disney gift card after 1st purchase
$49 Fee waived for the 1st year
Chase Epcot Lounge with Free Photo...

We applied and received...
Used it for a tank of gas and put it away
Paid the bill when it arrived
30 or 45 days later we got our $200 Disney Gift Card
We will cancel the card when the $49 fee comes due
Thank You Chase...It pays to have Good Credit...
__________________
Started Going In 1996...
Went In 1997 & Y2K...
OLT Was One Last Trip...In 2004...

Christmas 2007
Went Again In 2207...Very Last Trip!


Went Again In 2010...

Now Planning For January 2013...
OMG Can Our Youngest Really Be 21?
She Was Pre-School Our 1st Trip...Now I Am Planning A Drink
Around World Showcase Tour...

OMG Can This Really Be My DW 50th Bday Trip?


OMG - How Time Fly's...
OLT2004 is offline   Reply With Quote
Reply



Thread Tools
Display Modes Rate This Thread
Rate This Thread:

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump

facebooktwitterpinterestgoogle plusyoutubeDIS Updates
GET OUR DIS UPDATES DELIVERED BY EMAIL



All times are GMT -5. The time now is 12:39 AM.

Powered by vBulletin® Version 3.8.4
Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.

Copyright © 1997-2014, Werner Technologies, LLC. All Rights Reserved.