Credit card classification for DVC charge?

Discussion in 'Purchasing DVC' started by cseca, Jun 16, 2013.

  1. jillmc40

    jillmc40 DIS Veteran

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    Just to clarify...I called Disney Visa about my credit limit, since it was hit with the charge today and they allowed it to go over the limit. While I was on the phone I decided to ask about the 0% interest. This is what I was told. As long as I pay the minimum amount due, along with the charges for the month, I will not be charged interest...SO, if I charge 500.00 next billing cycle on random things, and when I get my statement the min due is 40.00, I have to pay 540.00 in order to avoid being charged the interest. Interesting how each company works.

    As far as the category goes...I believe on my Discover card Disney falls under entertainment, not theme parks, and the restaurants do not fall under restaurants. They had a 5% on theme parks a few years ago and I went to WDW charging everything on Discover...When I got home I was totally disappointed to see that it didn't count :/
     
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  3. cseca

    cseca <font color=darkorchid>My legs are wimpy but my wi

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    Thanks everyone for checking, I really appreciate it :)
     
  4. ChrisNY2

    ChrisNY2 Mouseketeer

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    FYI, here's a charge for a DVC loan payment on my American Express:


    800-********
    Description
    DVC LOANS SERVICING
    Doing Business As: LOAN SVCNG E-COMMERCE
    Merchant Address: 200 CELEBRATION PL
    CELEBRATION
    FL
    LEESBURG
    34747-5483
    UNITED STATES
    Reference Number: [redacted]
    Dispute/Inquire about this charge
    Category: Travel - Lodging
     
  5. calypso726

    calypso726 Escaping reality one Disney vacation at a time

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    Remember with the Freedom card it is only 5% up to $1500 in purchases. The rest will be at 1%. If you have a Chase Sapphire preferred card as well, you can pay the rest of it with that one and get 2% as it will come up travel. This is what we did when we bought our VGF points a few weeks ago.
     
  6. twinsouvenirs

    twinsouvenirs Mother of Dragons :)

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    it is typical for ccs to use payment towards lowest interest balances first
     
  7. jillmc40

    jillmc40 DIS Veteran

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    It really depends on the cc company. I would call and ask since they all do it different.
     
  8. Missyrose

    Missyrose DIS Veteran

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    Right, but in the case of a Disney Visa, they allow six months, no interest for charging Disney trips or DVC purchases, it's a special perk of that card.
     
  9. LauraLea

    LauraLea DIS Veteran

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    It used to be this way until the Credit Card Reform Act of 2009. You will find most now have to apply funds to the highest interest rate purchases first.

    Laura
     
  10. jillmc40

    jillmc40 DIS Veteran

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    With the Disney visa just make sure that if u are using the card as well for regular purchases to pay the amount you charged PLUS the minimum payment due. That is what they told me when I called.
     
  11. Dean

    Dean DIS Veteran<br><a href="http://www.wdwinfo.com/dis

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    It's real easy to get caught with the low or no interest situations and end up paying a ton of interest. IMO, it's like playing russian roulette unless you consistently pay it off every month with some type of online electronic connection, preferably initiated on their end.
     
  12. twinsouvenirs

    twinsouvenirs Mother of Dragons :)

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    Oooh good to know!
     
  13. jillmc40

    jillmc40 DIS Veteran

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    Yes it is! I got an intro to that a couple of years ago. I am proceeding with caution on this one and if I see interest on my bill I am prepared to call and pay it off right away. If I can get 6 months no interest I will take it for sure. 2 things I don't like to pay for. Interest and shipping :)
     

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