Another ? about buying DVC

[cwnhokie]

Can you put you deposit on a Disney Visa so you can earn Disney Dollars?

 

[mydogdrew]

You can put the entire purchase on your credit card if you want. Many do this and pay off the card with either cash or a home equity loan.

 

[bobbiwoz]

Yes you can if you're buying from Disney. Also, there is presently a "special" about 6 months of no interest charges on the purchase. I don't know the details, but our guide mentioned it to me.

Bobbi

 

[athenna]

Can you put you deposit on a Disney Visa so you can earn Disney Dollars?

Yes, you can! I did this w/my add-on!

 

[redmomof4]

Yes you can if you're buying from Disney. Also, there is presently a "special" about 6 months of no interest charges on the purchase. I don't know the details, but our guide mentioned it to me.

Bobbi

If anyone knows of this, please post. I thought we could only defer payment of up to 10% of the purchase price. If I could put the whole thing on my Visa, earn dollars and then pay it off in 6m i'm in!

 

[bobbiwoz]

If anyone knows of this, please post. I thought we could only defer payment of up to 10% of the purchase price. If I could put the whole thing on my Visa, earn dollars and then pay it off in 6m i'm in!

Check your latest "brochure" that comes from Disney Visa. The information is there. P. 8 under Cardmember Corner.

Bobbi

 

[cwnhokie]

Yes you can if you're buying from Disney. Also, there is presently a "special" about 6 months of no interest charges on the purchase. I don't know the details, but our guide mentioned it to me.

Bobbi

If we can do that, we may be sold. We can put a bunch on the Visa, get reward dollars, pay it off in 6 months and still take advantage of the incentive. I have another question, may have to post it to the entire board, but I'll try here first. How hard is it to rent your points out if you decide not to use them any given year and don't want to or need to bank them?

 

[JimC]

The VISA offer has been around for most of the year in one version or another. Make sure that you follow the rules very carefully or you could end up paying interest on other charges. It is a nice free use of credit if you work it right.

 

[byoung]

I also charged my 200 BWV points in full,last June.

 

[GAN]

Does anyone have a link to where we could find details on the 6-month No Interest offer on the Disney Visa? I went through my last statement but didn't see anything -we intend on putting the entire amount on our Visa anyway, so we're definately interested! Thanks.

 

[cobbler]

The Visa offer is no interest for 6 months for 10% of your purchase up to $2500.

 

[AFMom]

I believe if you go to the DVC member website there is a Disney Visa link you can click on that has the details - but yes - it's only up to the 2500 for the interest free part. You can charge the entire add-on/ purchase - but the interest free will only be on the 10%. If you do this - do not use your card for anything else until that balance is paid off! Basically - anything else you charge sits on your card and accrues interest until you completely pay off the interest free charge! I think that's how it works. We charged it - but paid it off the next month anyway just likewe always do. Love using those reward doallars to pay our maintenance fees!

 

[redmomof4]

I also charged my 200 BWV points in full,last June.

did you get interest free for 6m on the whole purchase or just on 10%?

Check your latest "brochure" that comes from Disney Visa. The information is there. P. 8 under Cardmember Corner.

bobbi, I don't have that brochure any longer. Do you know if it is 10% or more? It seems some say one way others another. Thanks.

 

[go cowboys]

I just recently did this and was only able to put 10% down at the no intrest option. I was also told the no intrest was only for purchases through Disney. I bought SSR so I do not know it you bought another resort through Disney how it would work.

As above, that portion of your balance gets credited first so everything else will accrue intrest until you have paid the intrest free part . I guess you could put the whole thing on the card, get the reward points and the get another loan privately to pay off the balance. We financed through Disney as it was so easy.

 

[castleri]

A lifetime of magical memories awaits you once you discover the best kept Disney secret—Disney Vacation Club! And now—as a Disney’s Visa® Cardmember, you’ll receive 0% APR for 6 months on your down payment towards a Disney Vacation Club Membership!*


From the Disney VISA website. Apparently maximum is on $2500 downpayment.

 

[redmomof4]

Thanks Castleri
When I tried to get on the site last night it was down. here is the fine print...

"*This does not guarantee developer financing approval. See Disney Vacation Club Public Offering Statement for important information. If you use your Disney's Visa(r) Credit Card in making the down payment on your purchase of a real estate interest in a Disney Vacation Club Resort, the Daily Periodic Rate for the down payment for the first 6 billing cycles following the date of the purchase is a promotional fixed rate of 0% corresponding to an APR of 0%, so long as any payments due on your Account are not past due at the time of purchase. This rate will apply to your initial down payment and add-on purchase for the lesser of $2,500 or 10% of your total purchase price. After this promotional period, the applicable APR for purchases will take effect on any remaining Disney Vacation Club purchase balance. This 0% APR does not apply to Disney Vacation Club purchases made using a Convenience Check. Payments and credits are allocated to balances with lower Annual Percentage Rates (APRs) (such as promotional APRs) before balances with higher APRs except promotional balances on qualified Disney Vacation Club or Disney vacation package purchases. Offer valid 2/1/05-12/31/05. "

I have put vacation packages on my disney visa without having to pay interest on them for 6m. I usually just call customer service to make a payment and make sure it goes to the right balance. The fine print says you can pay off your other balances and still hold 0% for 6m.

hth