Did I miss a policy change on ticket expiration?

[myjourney]

I was told that if I buy a WDW ticket now it will expire 12/31/18 even if unused? Is this true? Also does this mean my non expiring ticket will no longer be good after that date?

 

[AngiTN]

Yes, you must have missed it. This changed happened back in February. It's covered in the Ticket Sticky here

 

[hiroMYhero]

Also does this mean my non expiring ticket will no longer be good after that date

Your non-expiry ticket will always be non-expiry until you use the last entitlement. Expiration dates are only for the new tickets that went on sale in February.

 

[Wish Upon A Starbucks]

Just adding.....If you have non expiring tickets you bought before the change they are not affected and are still non expiring.

 

[Robo]

Also does this mean my non expiring ticket will no longer be good after that date?

No, that's not part of the deal.

(3 identical answers at the same time.)

 

[DebbieB]

It hasn't come up yet but I heard that they will credit you what you paid after expiration towards a new ticket.

 

[tinkerbellandeeyor]

I wonder why they did away with non expectation tickets

 

[goofyernmost]

I wonder why they did away with non expectation tickets

To prevent them from having to allow you into the park after there have been significant price increases. Giving back the money, is a partial thing, but, unless they include interest on that money they are still ripping everyone off. They make it sound good though... "gee, we are giving you your money back so it's not like you will lose anything". I have very secure investments and still manage an average or 5% return. So if I invest $400.00 (+-) I want 5% more per year then I paid otherwise they are stealing my money. Then, I'm sure that they will allow me to repurchase another ticket at the higher price.

There are also accounting concerns, but, that is for their convenience not ours. Outstanding tickets are considered liabilities in accounting and are recorded that way and they artificially considered debt. Something they have to pay off, via services, in the future.

 

[tinkerbellandeeyor]

To prevent them from having to allow you into the park after there have been significant price increases. Giving back the money, is a partial thing, but, unless they include interest on that money they are still ripping everyone off. They make it sound good though... "gee, we are giving you your money back so it's not like you will lose anything". I have very secure investments and still manage an average or 5% return. So if I invest $400.00 (+-) I want 5% more per year then I paid otherwise they are stealing my money. Then, I'm sure that they will allow me to repurchase another ticket at the higher price.

There are also accounting concerns, but, that is for their convenience not ours. Outstanding tickets are considered liabilities in accounting and are recorded that way and they artificially considered debt. Something they have to pay off, via services, in the future.

Makes sense

 

[epcotty]

They had no problem with all tickets being non-expiring until 2005, and the option being available until 2015. They're being lazy and super greedy, as is their newer policy

 

[wilkeliza]

To prevent them from having to allow you into the park after there have been significant price increases. Giving back the money, is a partial thing, but, unless they include interest on that money they are still ripping everyone off. They make it sound good though... "gee, we are giving you your money back so it's not like you will lose anything". I have very secure investments and still manage an average or 5% return. So if I invest $400.00 (+-) I want 5% more per year then I paid otherwise they are stealing my money. Then, I'm sure that they will allow me to repurchase another ticket at the higher price.

There are also accounting concerns, but, that is for their convenience not ours. Outstanding tickets are considered liabilities in accounting and are recorded that way and they artificially considered debt. Something they have to pay off, via services, in the future.

How are they stealing your money? You bought a non-refundable non-transferable item that has an expiration date. Technically Disney is just making a good will gesture by refunding you the original ticket price or offering to apply it towards the cost of a new ticket because they could do what many other places do and simply say sorry sucks to be you no refunds it is written on the ticket.

 

[bumbershoot]

It hasn't come up yet but I heard that they will credit you what you paid after expiration towards a new ticket.

That'show they do it at Disneyland, so while wdw goers might not have had the experience, Disney itself has.

 

[supersnoop]

They had no problem with all tickets being non-expiring until 2005, and the option being available until 2015. They're being lazy and super greedy, as is their newer policy

When did the sarbanes oxley rules go into affect? That's what mandated the accounting changes. Even though you paid for the tickets, they can't do anything with that cash until you use the ticket.

 

[maxiesmom]

Yes, you must have missed it. This changed happened back in February. It's covered in the Ticket Sticky here

That ticket sticky is almost too big for it's own good. Maybe it needs to have sub stickies or something, because I just tried to find something in it and quickly gave up. At over 100 pages that is a lot to look thru.

 

[Robo]

Thank you.

 

[maxiesmom]

As someone who was unaware of the new rules about expiration, I still can't find that info. I know there is a lot to know, but that means there is a lot to look thru too. I don't know if it is covered in one of your links, or if it was part of general discussion. Sorry, not trying to hassle anyone, I'm just finding it frustrating.

 

[danikoski]

As someone who was unaware of the new rules about expiration, I still can't find that info. I know there is a lot to know, but that means there is a lot to look thru too. I don't know if it is covered in one of your links, or if it was part of general discussion. Sorry, not trying to hassle anyone, I'm just finding it frustrating.

FYI In the General Ticket Information link Robo posted above, there is this paragraph:
At this time, if never used, all new MYW tickets have an expiration date within a period of 9-24 months following purchase.
(The date of this expiration will be shown when the ticket purchased.)
However, if this ticket is never used by a guest and allowed to expire,
the purchase price of the ticket is not "lost" to the guest.
The unused and expired ticket can be turned in at WDW and its original purchase price can be applied to the purchase of a new ticket of like or greater value.

 

[cdnjason]

To prevent them from having to allow you into the park after there have been significant price increases. Giving back the money, is a partial thing, but, unless they include interest on that money they are still ripping everyone off. They make it sound good though... "gee, we are giving you your money back so it's not like you will lose anything". I have very secure investments and still manage an average or 5% return. So if I invest $400.00 (+-) I want 5% more per year then I paid otherwise they are stealing my money. Then, I'm sure that they will allow me to repurchase another ticket at the higher price.

There are also accounting concerns, but, that is for their convenience not ours. Outstanding tickets are considered liabilities in accounting and are recorded that way and they artificially considered debt. Something they have to pay off, via services, in the future.

I'm sorry, but accusing Disney of stealing your money, when the expiration date is set forth before you purchase tickets is absurd. You buy tickets for WDW to actually attend and enjoy. Not to make 5% ($20) on a measly $400.

 

[anomamatt]

As someone who was unaware of the new rules about expiration, I still can't find that info. I know there is a lot to know, but that means there is a lot to look thru too. I don't know if it is covered in one of your links, or if it was part of general discussion. Sorry, not trying to hassle anyone, I'm just finding it frustrating.

In addition to Robo's (excellent) ticket FAQ/thread where it is clearly laid out (to me, at least), there were a couple threads in February that gave a week or two advanced warning (of both ticket price increase and addition of expiration dates).

 

[anomamatt]

So if I invest $400.00 (+-) I want 5% more per year then I paid otherwise they are stealing my money.

Buying a theme park ticket is not and should never be considered an investment. You are not investing $400, you are spending $400.