DVCTigger
DIS Veteran
- Joined
- Jan 30, 2011
been crunching numbers to see if purchasing the TIW makes sense for our trip during Thanksgiving this year...I currently have a premier AP..
have priced out which restaurants we plan on eating at (meals only, not alcohol) and come up with around $650.00.
is my math correct???
$650.00 food x 18% gratuity = $767.00 x 6.5% sales tax = $816.00 - $100.00 for TIW card grand total would be $716.00 so I would save $66.00???
know I will have some discounts with my AP, just trying to if it really makes sense to get the TIW?
Thanks
Bottom line is you need to spend $500 (if DVC or AP) in order to pay itself off. I don't see where you have added your 20% off in your calculations. You have taken off $100 though?!? The $100 should be added to your total, it's the added cost of purchasing the card. Then you take 20% off every bill you get. That's where the $500 comes in. Savings will cover the card purchase after $500 spent. So according to your total, you will save 20% off your $150 (650-500) or $30. That's your savings after recouping the $100 spent on the card. From this point on, you are saving money every time you use your card.
Hope that helps and doesn't confuse you more!
ETA - check out the breakdown of savings in post #3 of this thread!