Discover vs. SPG AMEX vs. Chase i-card

[disneysteve]

To chris1gill - How did you find a car dealer who would let you charge your car purchase? We bought a new car last month and they wouldn't let me charge it. They said everyone asks but the dealers won't do it because of the fees they have to pay.

To debi - The credit limit you are given on any card is partly based on your income and partly on your credit score. Be careful if you cancel any existing credit cards. Credit score is based partly on how long you've had the account - the longer the better. So if you cancel an old account to keep a newer one, that can actually lower your credit score, even though you've reduced your potential credit.

As for credit limits, it seems like our card issuer raises our limits a couple of times a year even though we never charge anywhere close to the limit. Our 2 main cards are a Marriott Visa and an AOL Visa. One has a $25,000 limit and the other has $27,500. We'd never come anywhere near using those limits but they keep raising them anyway.

We've only had our Marriott card since June but we've already earned enough points for 6 nites at a category 1 hotel. I'm figuring that by next year, we'll be able to go to WDW on points at the Residence Inn or SpringHill Suites in Lake Buena Vista.

Steve

 

[chris1gill]

Hey Steve,

We've actually done it twice over the five years... the first time it was the remainder after trade, which turned out to be like 8K... I guess with that one we just got lucky, they said yes... A few months back, we bought a new van & they weren't so generous, they said they'd let us charge the downpayment, which I think was somewhere in the 4K range... That was a little disappointing, but I can understand why some, if not most dealers limit what you can put on the card... We just lucked out with the Toyota dealer the first time around though... It sounds like you put most of your major purchases on your card too, the benefits can be worth it...

Hey Kacey, SPG stands for Starwood Preferred Guest

 

[Kacey]

chris1gill,

Thanks, I don't think I would have ever figured it out!

 

[Paperina]

Debi,

Please tell me more about the Chase I-card. How do the web certificates work? Are there any hidden charges for the wc? What have you spent them on for your Disney trip?

Thanks!!

 

[mhopset]

Debi,

Every credit card company wants your business. Believe me I know I work for Discover Card! I hate to see anyone stop using their Discover Card. It puts bread and butter on my table LOL.

Anyway I know Discovers interest is high. If I were you I would call Discover and falt tell them the decesion you are trying to make. If they won't lower your interest, then so-be-it. Tell them to close your account immediately and you will go with your AMEX. Once they hear CLOSE MY ACCOUNT. They will lower your rate.

 

[Debi]

Paperina: There are no hidden costs or anything for the WC. For each $1,000 you charge to your i-card, you get a $10 WC. It's that simple. You can order the plastic WC card and then use it like a credit card throughout WDW. Only, your credit limit is the amout of $$ you have in your WC account.

mhopset: Interest is not a problem because I pay off my balance in full each month. I'm just trying to decide which would be best for WDW.