Creative Ways to Finance DVC

[JulieBeeRN]

You can also ask DVD to spread out the charges to your card up to 90 days, instead of doing the loan. I did that when buying VGF in 2022. Paid my 10% deposit March 2nd....had them bill part of the balanced then on April, May, and June 1sts...

We did the same thing and got an insane number of Delta miles.

 

[ARobyn]

Almost all Chase cards have first Plan It free with no fees and no interest until 6/30. You can see if you're eligible by clicking on a purchase over $100 where it says Plan It and it will show you if there is a fee. I was able to use a Chase cc for 24 months no interest, no fees this month.

I called Chase. That's only available to select customers unfortunately. Would have been nice to get the 3x points and no interest, no fees. You're lucky!

 

[bravo2zero]

I called Chase. That's only available to select customers unfortunately. Would have been nice to get the 3x points and no interest, no fees. You're lucky!

That's a shame! I will say that I asked Chase to verify I had the offer and they repeated something from their website that was completely unhelpful via the phone, secure message, and chat. I didn't know for sure that it was available for me until the transaction posted (EXCEPT I could see what would happen if I chose Plan It for another qualifying purchase and that was $0 fees and 0% interest). It is quite a good deal if you can get it, particularly with the incentives of the day.

 

[JamieW]

I called Chase. That's only available to select customers unfortunately. Would have been nice to get the 3x points and no interest, no fees. You're lucky!

Did you look on your account yourself to see if it was available? It should be available for any purchase over $100.

 

[ARobyn]

Did you look on your account yourself to see if it was available? It should be available for any purchase over $100.

I did. I chose a random charge over $100 and it showed a fee to "Plan It". No interest, but fees. I've been a customer for a while, so I'm scratching my head why I wouldn't be eligible.

 

[JamieW]

I did. I choose a random charge over $100 and it showed a fee to "Plan It". No interest, but fees. I've been a customer for a while, so I'm scratching my head why I wouldn't be eligible.

Yeah, that sucks and doesn't make any sense.

 

[arich35]

If I were to get the Chase Freedom Unlimited card, put let's say $10,000-$15,000 down to take advantage of the 15 month 0% APR do I have to make monthly payments on that amount or can I wait 6 months or so and just pay it all?

We are really thinking about buying direct but we would sell our resale contract come January, so was wanting to put a sizeable down payment on a credit card with 0% interest, getting some of those rewards and then paying it off when we sell the contract.

If there is a better credit card for doing this please let me know!

 

[ARobyn]

That's a shame! I will say that I asked Chase to verify I had the offer and they repeated something from their website that was completely unhelpful via the phone, secure message, and chat. I didn't know for sure that it was available for me until the transaction posted (EXCEPT I could see what would happen if I chose Plan It for another qualifying purchase and that was $0 fees and 0% interest). It is quite a good deal if you can get it, particularly with the incentives of the day.

Exactly! That's what the rep told me, that it COULD give me the option of no fee/no interest, but there wasn't a way to know until the transaction posted. Bummer.

 

[ARobyn]

If I were to get the Chase Freedom Unlimited card, put let's say $10,000-$15,000 down to take advantage of the 15 month 0% APR do I have to make monthly payments on that amount or can I wait 6 months or so and just pay it all?

We are really thinking about buying direct but we would sell our resale contract come January, so was wanting to put a sizeable down payment on a credit card with 0% interest, getting some of those rewards and then paying it off when we sell the contract.

If there is a better credit card for doing this please let me know!

Yes, with any CC, regardless of which it is, you'll need to make the minimum monthly payment each month. That could be a few hundred dollars each month until you're able to pay in full once your resale sells. The alternative is that you put 10% down (minimum needed for direct purchase) and ask them to extend your payments over 60-90 days in hopes you sell your contract in that time.

 

[arich35]

Yes, with any CC, regardless of which it is, you'll need to make the minimum monthly payment each month. That could be a few hundred dollars each month until you're able to pay in full once your resale sells. The alternative is that you put 10% down (minimum needed for direct purchase) and ask them to extend your payments over 60-90 days in hopes you sell your contract in that time.

How does the extending payments work?
We can't close until January!

 

[ARobyn]

How does the extending payments work?
We can't close until January!

When purchasing direct, depending on your guide (as I've seen this vary), they can have it written as a "pay in full" but extend the payments over 60 to 90 days. So you'd pay the minimum 10% down, get your points, and have to make the remaining payments to pay the contract in full by the end of 60 days. Helps if you want to break out the amount going on a CC into multiple statements.

 

[Traveling on cc points]

I did. I choose a random charge over $100 and it showed a fee to "Plan It". No interest, but fees. I've been a customer for a while, so I'm scratching my head why I wouldn't be eligible.

I have read here and elsewhere that it only shows for travel purchases over $100.
I am interested in going this route too.
Tempted to put $100 on my sunpass or something to see if it has no fees or interest.

I have several dining purchases over $100 that do have fees.

 

[Sunnyore]

I have read here and elsewhere that it only shows for travel purchases over $100.
I am interested in going this route too.
Tempted to put $100 on my sunpass or something to see if it has no fees or interest.

I have several dining purchases over $100 that do have fees.

It was literally any purchase over $100 for me. Bought a Dior purse when I was in Greece and it would let me do the plan with no interest no fees since I never used the plan it option before.

Back to OP, I would like for you to double check how you checked your plan it option. I noticed when I was looking into this that if I clicked on an actual charge with the plan it button next to it, it’ll take me to the page where it shows me the 18/20/24 month options and fees and the fees would be $0. But if I went through the webpage where I can plan a possible purchase, the 3 options would show fees. I’m sure you were probably doing it right and it is true it’s only select customers who have the promo, but I figured I put this out there just in case. It was super nice to get my CSR 3% points and also 2 yrs to pay it off.

 

[Traveling on cc points]

It was literally any purchase over $100 for me. Bought a Dior purse when I was in Greece and it would let me do the plan with no interest no fees since I never used the plan it option before.

Back to OP, I would like for you to double check how you checked your plan it option. I noticed when I was looking into this that if I clicked on an actual charge with the plan it button next to it, it’ll take me to the page where it shows me the 18/20/24 month options and fees and the fees would be $0. But if I went through the webpage where I can plan a possible purchase, the 3 options would show fees. I’m sure you were probably doing it right and it is true it’s only select customers who have the promo, but I figured I put this out there just in case. It was super nice to get my CSR 3% points and also 2 yrs to pay it off.

Thanks. I just checked all my charges over $100 and the all have fees.
I don’t have a balance so there is a slim possibility that is why.
I will pay attention to future charges. Thanks again for the DP.

 

[davidhr]

If you have Amex check your cards, they're running a no fee Plan It promotion until 07/30 for travel purchases, which DVC triggers it. It's targeted, so not everyone will have it.

 

[ARobyn]

I have read here and elsewhere that it only shows for travel purchases over $100.
I am interested in going this route too.
Tempted to put $100 on my sunpass or something to see if it has no fees or interest.

I have several dining purchases over $100 that do have fees.

Let me know if you have success!

 

[Jayunit09]

Will it trigger on Amex though? I put 1/3 of our first dvc purchase on my platinum delta Amex and it was excluded from the 3x miles on hotels because it’s considered a timeshare by Amex

 

[davidhr]

Will it trigger on Amex though? I put 1/3 of our first dvc purchase on my platinum delta Amex and it was excluded from the 3x miles on hotels because it’s considered a timeshare by Amex

At least for me it did. I used it and worked.

It doesn’t post as Hotel. It posts as travel.

 

[Jayunit09]

At least for me it did. I used it and worked.

It doesn’t post as Hotel. It posts as travel.

Great point! It did show up as travel.

 

[davidhr]

Great point! It did show up as travel.

If you have a green card, you get the 3x points. Ironically, that’s the only card I didn’t have the plan it promo.