Chase Disney premier visa and 0%APR

[amandaC]

Has the Chase Disney Premier visa stopped offering the 0% APR for six months on DVC purchases? I can’t seem to find it on the website anymore. Has anyone been successful using it recently?

 

[emchen]

Oh! Following to find out the answer. I'll also email my guide to see if he knows.

 

[Lorana]

Has the Chase Disney Premier visa stopped offering the 0% APR for six months on DVC purchases? I can’t seem to find it on the website anymore. Has anyone been successful using it recently?

I had my final deposit payment for my RIV purchase in June hit my account on 9/17, and it is showing on my statement with the 0% 6 month financing.

 

[Lorana]

It's also on the Chase website here:
https://disneyrewards.com/parks-and-vacations/vacation-financing/
https://www.referyourchasecard.com/200n/KJHKDB494S
Modified by mod.

 

[RuntheMouse]

I still see the offer for vacation packages and I don’t remember ever seeing DVC mentioned specifically in the past, I think it fell under the package offer. Hopefully it’s still available!

 

[RuntheMouse]

1. 
   
   
   
2. Disney Vacation Club® Special Financing
   After your promotional APR expires, your standard purchase APR will apply. Offer is not valid for Disney Vacation Club annual dues or loan payments. Developer financing is separate from the credit card offer and is not guaranteed. For complete details see your Cardmember Agreement. New Applicants: Please refer to the applicable Pricing & Terms for pricing details: Disney Premier Visa Card pricing ; Disney Visa Card pricing . If you received an offer in the mail, please refer to the Pricing & Terms included with that offer. You will receive complete terms and conditions for this offer once you become a cardmember. Existing Cardmembers: For complete details please refer to your Cardmember Agreement.
   
   https://disneyrewards.com/parks-and-vacations/vacation-financing/
   
   

 

[loreli13]

From what I understand it's not able to be used on Loan Payments, but can be used for Down payments. I'm hoping to use this later this month, but won't know until then.

 

[Cfabar1]

From what I understand it's not able to be used on Loan Payments, but can be used for Down payments. I'm hoping to use this later this month, but won't know until then.

It can be used for initial purchases/the entire contract as well.

Could be particularly useful for say an add on that you want to pay off over 9 months.

 

[Lorana]

It does not work on loan payments (I tried), though you do still get 2% back. However, loan payments count as travel, so I recommend using Chase Sapphire Reserve for loan payments to get 3% back.

With down payments, you get the 2% back and 0% financing on the premier card.

 

[Cfabar1]

It does not work on loan payments (I tried), though you do still get 2% back. However, loan payments count as travel, so I recommend using Chase Sapphire Reserve for loan payments to get 3% back.

With down payments, you get the 2% back and 0% financing on the premier card.

I actually think DVC would be very smart to lower the interest rates they charge as a way to spur sales….

If they had a 20% down payment option with 3% interest for example, and then people could code on CSR at 3% that would be a great deal! I bet that would help spur sales! I bet they could dupe a lot of first time buyers into getting the cabins with that!

 

[lukemorenus]

We used it this spring

 

[Brian Noble]

If they had a 20% down payment option with 3% interest for example

If wishes were horses, ….

 

[davidhr]

I actually think DVC would be very smart to lower the interest rates they charge as a way to spur sales….

If they had a 20% down payment option with 3% interest for example, and then people could code on CSR at 3% that would be a great deal! I bet that would help spur sales! I bet they could dupe a lot of first time buyers into getting the cabins with that!

If they ever do that (they won’t), they’d run out of points in a week.

 

[Kingkonig]

I mean I understand the idea behind it, but that would be a terrible financial decision. While I do agree that the 10-10.5% interest rate is pretty high, pricing the loans below the US treasuries is rather absurd. That's the "risk-free" rate. Now if you add 3% on top of the 30 day treasuries, that would probably help spur sales as well - though I'm sure they have a risk department that has a little sway on setting rates too. I don't know what normal default rates are on a DVC contract, but those buyers who actually pay the monthly fee (with the 10% interest) help offset those who fully default on the loans.

 

[amandaC]

Hmmmm. I called and I was told “I don’t see that promotion.” I also cannot find it when I search my member benefits through the chase portal.

 

[VGCgroupie]

For down payment it worked for me with a purchase in August statement in September.

 

[EM Lawrence]

Just a warning here to others. I put an entire 153 point purchase at the Poly Tower on my Disney Visa so I could pay it off over six months. I have the cash on hand to pay it, but I'd rather keep that money in my savings account a little longer to earn interest and also collect the 2% back.

Anyway, based on comments I've read on these boards in the past, I thought that each payment divided into six increments would automatically show up in the "Interest Saving Balance" on my credit card statement, and make it easy to pay the amount each month that would pay off each of the charges (I had them spread over 60 days) by the six month mark.

I called today to inquire why the Interest Savings Balance feature on my statement did not reflect the three large charges I made with Disney, and the rep told me that each of the charges had a promotional 6 month APR of 0.00, but that they would not be reflected in my Interest Savings Balance on my statement each month. Also, there is no way to set it up so that the monthly amount due could be reflected in my Interest Savings Balance. So at the six month mark the entire lump sum will show up as a payment due on that monthly statement.

This is annoying because it is not how I understood things would work. I'll be able to pay it off regardless, but I was planning to spread the payments out monthly instead of as one lump sum. I could calculate in manually, but that's just not how I thought it would work.

 

[davidhr]

Just a warning here to others. I put an entire 153 point purchase at the Poly Tower on my Disney Visa so I could pay it off over six months. I have the cash on hand to pay it, but I'd rather keep that money in my savings account a little longer to earn interest and also collect the 2% back.

Anyway, based on comments I've read on these boards in the past, I thought that each payment divided into six increments would automatically show up in the "Interest Saving Balance" on my credit card statement, and make it easy to pay the amount each month that would pay off each of the charges (I had them spread over 60 days) by the six month mark.

I called today to inquire why the Interest Savings Balance feature on my statement did not reflect the three large charges I made with Disney, and the rep told me that each of the charges had a promotional 6 month APR of 0.00, but that they would not be reflected in my Interest Savings Balance on my statement each month. Also, there is no way to set it up so that the monthly amount due could be reflected in my Interest Savings Balance. So at the six month mark the entire lump sum will show up as a payment due on that monthly statement.

This is annoying because it is not how I understood things would work. I'll be able to pay it off regardless, but I was planning to spread the payments out monthly instead of as one lump sum. I could calculate in manually, but that's just not how I thought it would work.

This is correct. Unless you set up a plan (which won’t give you 0% interest for this case), it works exactly like a regular credit card balance. The only difference is they will give you 0% APR for 6 months.

It can be annoying if you use your card regularly for those 6 months, as you’ll have a balance with 0% and another balance with interests, which you need to be sure to pay in full and add the extra for the Disney purchase.

 

[Mikey15]

This is correct. Unless you set up a plan (which won’t give you 0% interest for this case), it works exactly like a regular credit card balance. The only difference is they will give you 0% APR for 6 months.

It can be annoying if you use your card regularly for those 6 months, as you’ll have a balance with 0% and another balance with interests, which you need to be sure to pay in full and add the extra for the Disney purchase.

Chase is a company that at least shows you on each statement what the “Interest Saving Balance” is. In other words, they directly tell you how much of the statement you need to pay to avoid interest if you have 0% financing on the go on a Disney package or such.

 

[sethschroeder]

Yup works like a normal card purchase it's not a loan.

There are better cards for general purchases so I try to keep my Disney card for Disney specifically. So reason I never even though if saying you would have to verify yourself what your pay in full for interest payments is.