Best credit card to pay DVC dues

[eticketplease]

Looks like the female version is still on the website.

Could always plan a trip just to burn the credit in DS.

Don’t they give annual pass discount as well or DVC?

 

[PolyRob]

Don’t they give annual pass discount as well or DVC?

I'm honestly not sure about that. Maybe 10%? There could even be a D23 discount. I know Columbia D23 is usually higher in DS.

 

[WinterSolider]

You mentioned that the BCP caps out at $6,000 and while that is true the original poster, @muppets3d didn't specify how much in GC was needed

The issue with the $6,000 cap isn't that you need $6,000 of gift cards, though that would also be a problem. It's that you're cannibalizing your NORMAL grocery points-earning. If you're going to spend at least $6,000 on groceries every year, you're already going to receive the full $360 benefit that the card allows. Meaning the marginal benefit of using that card to also buy your Disney gift cards is $0.

 

[Brian Noble]

A small aside on credit scores.

The "free" scores I get from the bureaus are VantageScore, not FICO. I recently applied for a mortgage, and the lender used FICO scores, all of which were lower and in one case by a non-trivial amount. It didn't make any difference to the loan terms, I still qualified for the lowest rate for the term I was financing.

The lesson I took away from this: I don't need to pay much attention to small movements in my credit score, despite the breathless advertising from the three bureaus and the associated credit-monitoring ecosystem. First, because the score I have access to is meaningless. Second, because those small differences are immaterial anyway.

 

[WinterSolider]

A small aside on credit scores.

The "free" scores I get from the bureaus are VantageScore, not FICO. I recently applied for a mortgage, and the lender used FICO scores, all of which were lower and in one case by a non-trivial amount. It didn't make any difference to the loan terms, I still qualified for the lowest rate for the term I was financing.

The lesson I took away from this: I don't need to pay much attention to small movements in my credit score, despite the breathless advertising from the three bureaus and the associated credit-monitoring ecosystem. First, because the score I have access to is meaningless. Second, because those small differences are immaterial anyway.

Even within FICO, there are different scores. FICO 8, FICO 9, FICO Bankcard, FICO Auto, etc. You can never be 100% sure which a lender will look at, but it's certainly never be VantageScore.

You can get your Experian FICO 8 score from the Experian app for free, and your Equifax FICO 8 for free from the MyFICO app.

 

[Brian Noble]

I can, but that would be spending attention I will never get back. And I'm not about to make it even easier for surveillance capitalism by installing more apps on my phone. (Yes, I'm a curmudgeonly luddite.)

Instead, I'll just pay my cards off each month and make sure I don't miss a mortgage payment. The rest will sort itself out.

 

[WinterSolider]

I can, but that would be spending attention I will never get back.

Instead, I'll just pay my cards off each month and make sure I don't miss a mortgage payment. The rest will sort itself out.

Yup, that's what I tell everyone who gets overwhelmed with understanding credit.

Pay your bills, in full, on or before the due date, every month until you die. That's literally it.

 

[eticketplease]

The issue with the $6,000 cap isn't that you need $6,000 of gift cards, though that would also be a problem. It's that you're cannibalizing your NORMAL grocery points-earning. If you're going to spend at least $6,000 on groceries every year, you're already going to receive the full $360 benefit that the card allows. Meaning the marginal benefit of using that card to also buy your Disney gift cards is $0.

While that can be true (I don't personally come close to $6,000 in groceries without GC Spend) the original post was alternatives to the target red cards 5%
We don't know the users situation perhaps the user eats out constantly and never shops at a grocery store. Perhaps the PP poster only needs to get a small amount of gift cards for their dues and disney spend.
Perhaps they have other grocery cards such as the AMEX Gold that earns 4% up to $25,000 that they are willing to put their normal grocery spend on.
Personally I don't feel like I am cannibalizing my spend when I can recive more value out of the MR from that 4% earned but we all play the game differently.

I believe you with your example of BJ's + a 2% card and @VGCgroupie with the AMEX Blue Cash Plus provided solid alternative solutions over the red card and now @muppets3d can make a choice in the route they wish to persue or can continue to use the Target red card.

 

[VGCgroupie]

The issue with the $6,000 cap isn't that you need $6,000 of gift cards, though that would also be a problem. It's that you're cannibalizing your NORMAL grocery points-earning. If you're going to spend at least $6,000 on groceries every year, you're already going to receive the full $360 benefit that the card allows. Meaning the marginal benefit of using that card to also buy your Disney gift cards is $0.

I buy more DGC than your average person. I feed a household of 6 people. I am at 5700 spend on groceries on my Amex blue cash YTD. I buy a lot of my groceries at Walmart, Costco and Sam’s club which no credit card recognizes as a grocery store.

 

[WinterSolider]

which no credit card recognizes as a grocery store.

That's an important distinction that confuses a lot of people.

The Amex category is often shorthanded as "groceries" but it's actually "US Supermarkets." That means a supermarket in Canada, a wholesale club in the US, a bakery, etc. don't count.

 

[eticketplease]

I buy a lot of my groceries at Walmart, Costco and Sam’s club which no credit card recognizes as a grocery store.

A friend of mine has limited grocery options near her said she actually get the 2% for Groceries on her Disney premier card when shopping at Walmart.

I was shocked.

 

[coreynyc]

Just want to add to the GC discussion that you can get the Venmo Visa (credit, not debit) and they will give 3% back on the top spend category every month, 2% on the next, and 1% on the others. They lump BJ's and all warehouse clubs into the groceries category so that's an extra 1-1.5% back vs. most other cards if you are buying GCs at a warehouse club.

There's also the higher level BJ's Capital One card that offers 5% back at BJ's.

 

[eticketplease]

There's also the higher level BJ's Capital One card that offers 5% back at BJ's.

Neither the 3% or the 5% credit card will earn you anything on gift cards unfortunately.

If you are buying gift cards at BJ's it is best to use another card just like at Sam's it is best to use a different card.


From https://www.capitalone.com/credit-cards/bjs-wholesale-club/


From https://www.samsclub.com/credit

 

[PolyRob]

View attachment 1022121

View attachment 1022122

Completely forgot to check until I saw the news about statements coming out. I can confirm the WF Autograph Journey codes dues as 3x

 

[Disdreaming479]

CSR is coding DVC dues as timeshares, which has now shown as 4x for rewards points.

 

[coreynyc]

Neither the 3% or the 5% credit card will earn you anything on gift cards unfortunately.

If you are buying gift cards at BJ's it is best to use another card just like at Sam's it is best to use a different card.


From https://www.capitalone.com/credit-cards/bjs-wholesale-club/
View attachment 1023581

From https://www.samsclub.com/credit
View attachment 1023586

Thanks for pointing that out, didn't know.

 

[WinterSolider]

Neither the 3% or the 5% credit card will earn you anything on gift cards unfortunately.

If you are buying gift cards at BJ's it is best to use another card just like at Sam's it is best to use a different card.


From https://www.capitalone.com/credit-cards/bjs-wholesale-club/
View attachment 1023581

From https://www.samsclub.com/credit
View attachment 1023586

Note that they WILL give you incorrect information at the customer service desk when they try to sell you the credit card. I don't think they're lying, it's either that they don't know any better and/or their systems give them bad information.

But they'll tell you "You spent $15,000 last year, this is worth $X in rewards if you get the BJ's credit card," and the $15,000 will include all of the gift cards you bought.

 

[eticketplease]

Thanks for pointing that out, didn't know.

No problem it’s a mistake many have made myself included.

I am not sure about capital one and BJ’s but Sam’s turns over every item that you purchase to synchrony so they know not to give you the rewards.

 

[eticketplease]

Note that they WILL give you incorrect information at the customer service desk when they try to sell you the credit card. I don't think they're lying, it's either that they don't know any better and/or their systems give them bad information.

But they'll tell you "You spent $15,000 last year, this is worth $X in rewards if you get the BJ's credit card," and the $15,000 will include all of the gift cards you bought.

Yea I’m sure the person at the desk is just seeing that large number, not the breakdown and thinks they can convert someone to open an account. I don’t know if BJ’s does but many moons ago when I worked retail in college the company would give us cash for every card we opened.

 

[eticketplease]

Rats. I was hoping for hotels. I guess I’ll just stick with the no af journey for now since it earns the same 3x