That's the "general" rule. People have reported not being charged when they cancel within 24 hours so long as they cancel before midnight on the day before their reservation and the prepaid locations or special events can have different rules.
The"'general" rule is before midnight Eastern time the night before online, but some events have earlier cancellation deadlines (e.g. the Wishes dessert party, pre-paid meals) so check the cancellation information in your reservation confirmations.
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