About to take the plunge - few questions

[wishiwereindisney]

For those who have financed through Disney - is the interest an annual percentage? is there a pre-payment penalty?

Has anyone paid the whole thing on Disney Visa? Does it qualify for the 6 month interest free? Does it quaify for reward dollars?

Thanks!!

 

[Disney_Villain]

You can pay the whole thing on a cc - and whatever terms for interest and rewards your card has will apply. It is no different than putting any other items on your cc.

 

[cruiseletters]

Yes I have put the whole thing on a credit card, I had no problem recieving my cc reward for it. It was a nice way to do it in that it took a little more off the price we paid for the points when you add in the reward dollars we were credited from our disney visa.

 

[culli]

For those who have financed through Disney - is the interest an annual percentage? is there a pre-payment penalty?

Has anyone paid the whole thing on Disney Visa? Does it qualify for the 6 month interest free? Does it quaify for reward dollars?

Thanks!!

I'm pretty sure only your required 10% downpay is eligible for the 6month interest free. I have paid the entire amount on a CC for rewards. I financed the larger one and paid it off on my CC before I had to pay DVC interest, no prepayment penalty. The amount was more than my credit limit on the CC so I had to pay on the CC then send them a payment to free up credit limit and then paid the rest. We pay our CC off every month and got a free airline ticket using the CC rewards, sometimes you gotta play the game

You can pay your loan online with your CC with no fees. However, I don't suggest using the loan feature through DVC unless you are going to pay it off right away.....it like 10.75%

 

[shortypots]

I just paid off my Disney financing with a credit card (well 2 since my avail credit wasn't that high on either one) before the interest started accruing. Sounds like, you could make payments with your Disney Visa as well and get the credits towards your next trip! Don't know if I would hold onto it that long to attempt that though since it is a high interest rate.

Not sure about the 6 month interest free or not though.

 

[disneylvrnMS]

We did our financing thru Disney. It is an APR and we did not have any penalties for paying off early.

 

[PutnamDS]

I'm pretty sure only your required 10% downpay is eligible for the 6month interest free. I have paid the entire amount on a CC for rewards. I financed the larger one and paid it off on my CC before I had to pay DVC interest, no prepayment penalty. The amount was more than my credit limit on the CC so I had to pay on the CC then send them a payment to free up credit limit and then paid the rest. We pay our CC off every month and got a free airline ticket using the CC rewards, sometimes you gotta play the game

You can pay your loan online with your CC with no fees. However, I don't suggest using the loan feature through DVC unless you are going to pay it off right away.....it like 10.75%

This is correct. You can keep the 10% down payment on your credit card for six months - no interest. It is a great way to go. I paid for my add-ons with the CC and just paid them off before I had to pay interest.

Deb