Direct Purchase - Disney Visa Cap to 0% interest ($10,000)

[Lorana]

Disney Visa is just a branded Visa card. You are really dealing with JP Morgan Chase. You can charge any amount up to your credit limit. I am not sure where the $10K limit came from but it is not correct. Keep in mind, at the present, the time value of money is zero so 0% financing is not much of a bargain. When going direct, I would focus on maxing out the rewards. Right now, I would say the Citibank double cash back rewards is one of the best bets for buying direct.

You can charge any amount, but Chase will only offer the 0% financing for DVC if the charge is under $10k (at least, that is how it was explained to me), which is why charges over $10k need to be broken up over multiple days.

Disney Visa is just a branded Visa card. You are really dealing with JP Morgan Chase. You can charge any amount up to your credit limit. I am not sure where the $10K limit came from but it is not correct. Keep in mind, at the present, the time value of money is zero so 0% financing is not much of a bargain. When going direct, I would focus on maxing out the rewards. Right now, I would say the Citibank double cash back rewards is one of the best bets for buying direct.

The Chase Disney Visa rewards at a 1 to 1 rate (1% in Disney dollars), whereas a card like Citi double cash rewards at 1 to 2 rate (2% cash back) -when you pay off the charge.

The Chase Premier card offers 2% back on DVC, rather than 1% back, in addition to the 6 month 0% financing. I prefer to use it because in addition to that 2% back, I can let my cash sit investments for another 6 months before paying off my balance. This makes it a better bet for purchasing direct than the Citibank double cash back rewards (unless you've just opened the card and have the 18 months 0% financing with the Citibank card).

Chase Sapphire, fyi, gets 3% back on DVC (and dues), if you are just looking to maximize award points. Because it counts as travel, the $300 back each year for travel does count towards dues, too!

 

[DebLovesPooh]

you don’t pay interest until the six months are over. That’s the point of the promotion.
Normally I pay my balance in full every month. Now, I have six months to pay off this large amount. They won’t get any interest money from me.

Yes. I was responding to the person who stated that the Citibank double cash back card was a better option. I explained why that may not be the best option for everyone.