Disney Rewards Visa seems like a total crock.

[ICF]

In the end of all of this, the Chase Disney Rewards Visa is still a crock to me and my family and I will not be getting it.

Do you even know what being a "crock" means? You've been proven wrong in this thread time and time again, yet you wont let it go.

We get it....you don't like the card and / or understand how to use it to benefit your family.

Just because you choose to invest in cows, are afraid of banks, and dont like credit cards doesnt mean that the rest of the world cant use them as an effective tool. I'm glad your way works for YOU -- but that doesnt mean it will work for 99% of the country or that this card (or any other) is a crock.

 

[ICF]

OK so I charge (and pay off) about $4000/mo of household expenses ie: cable/internet/food/gas/electric etc. on the Disney CC (and pay it in full) but I only have about $250 in rewards???? Does that sound right. I think they limit me on how much I can earn quarterly Anyone else with that scenario?

How many months have you been using to get the $250 in rewards?

I've never heard of a cap...you need to look at the statement to see how many you are being rewarded with each month. With their card being a straight 1% rounded to the nearest whole $, it should be pretty simple to see and determine if it's right.

$4000 in charges SHOULD be $40 in rewards....so if you've been using it for 6 months at that rate, you should have about 240 in rewards earned by now.

 

[StitchandPooh'sMom]

OK so I charge (and pay off) about $4000/mo of household expenses ie: cable/internet/food/gas/electric etc. on the Disney CC (and pay it in full) but I only have about $250 in rewards???? Does that sound right. I think they limit me on how much I can earn quarterly Anyone else with that scenario?

How many months have you been using to get the $250 in rewards?

I've never heard of a cap...you need to look at the statement to see how many you are being rewarded with each month. With their card being a straight 1% rounded to the nearest whole $, it should be pretty simple to see and determine if it's right.

$4000 in charges SHOULD be $40 in rewards....so if you've been using it for 6 months at that rate, you should have about 240 in rewards earned by now.

There is no cap on rewards (it used to be capped at 750 per year). Rewards credit when your statement closes, so if your statement balance is $4000, you should have earned $40 in rewards that month. At that rate, it would take you about 6 months to earn $250.

 

[bonoriffic]

My argument was the way this cc company (along with others I have mentioned, for those who said I was pointing out this one card, which was used as an example because it was the one I got in the mail) did business. I think it is beyond making a profit and is crooked. I am allowed to think that way.

IMO, the card is still a crock and picking apart someones way of living is only diverting the fact that you do not want to stay on topic and admit, that anyone of us could have to end up paying interest or fees. I don't care who you are or what you have, the situation could arise that could cause this to happen. Is it the end of the world? Of course not. But you are only fooling yourselves if you think you are immune to it. Im not saying its likely, only possible.

The two main points of your original post were:

1. The Disney card will give you $200, but they are a horrible company for establishing very clearly defined rules to punish those who choose of their own free will to be reckless.

2. According to you, everyone can (and will) pay interest on credit cards.

I think enough people have shown that the offer is $200 free Disney cash, which you can take and never do business with Chase again. It literally is free money. Anything that happens after that point is the fault of the individual. You somehow seem to think we don't have free will and must hold the corporation as partly responsible. Whatever. You seem to hold a grudge against credit cards and will never change your mind. I'll be getting $200 free dollars. Sorry free cash doesn't work into your lifestyle.

As for paying interest on cards, again your position won't change. Even though it will literally take an alien invasion, magic, and the downfall of world governments for me to pay credit card interest, you still think it will happen. Of course people have pointed out horrible situations where you will face certain financial ruin, but your answer is "no, you are wrong, it will never happen to me".

So to sum up, you are against free money and are awaiting the eventual alien apocalypse.

 

[ilovemk76]

I agree that savings are important. I'm just not a fan of banks and in order to keep money from laying around in my house, I invest it back into more livestock or some other asset. Buying cattle at $.85/lb and selling it for $1.25/lb 6 months later is not hard. Especially if you don't have to buy feed or hay. Do that on 10 steers and you can net $4k in 6 months. Also, we have a slaughterhouse. Buying a blind cow or one with a broken foot (makes it no good to a farmer for breeding) for $.30/lb at the market means $300 for a 1000 lb cow. Selling fresh beef at $2.00 a lb straight through @ 600 lbs dressed weight would net me $1200. My facility is state inspected with a score not lower than 98 in the last 10 years so finding people who want steaks, roasts, ground beef, etc all at $2/lb isn't hard.

If someone were to look in my purse - I am broke. However I do have ways of earning or obtaining money. Your savings account is in your bank, and thats fine. My savings account walks around in the pasture.

Its not that I think credit cards are evil. I don't. Im just a tight wad and can't see handing over my money to a bank. Farming is not easy work. Spending 10 hours a day in 105 degree temps cutting hot, sticky tobacco and burning your skin till it blisters is not fun. Gutting a cow and having her stomach bust and blow its contents all over you is not fun. Standing in 10 degree weather skinning a deer while being soaking wet from the water you use to wash the carcass off is brutal. I earn my money to the fullest and don't want to give it away. Im not saying that none of you work hard. I know you do. I could not do some of the jobs you all do. Im also not saying that any of you hand over your money to a bank. I'm only stating that for me and my family, I would not ever have a cc where I had to pay 14% interest (such as the cc I posted about).

To me, a bank that would punish someone indefinitely for being one day late on one payment is as crooked as they come. Even if Jesus told me I would never have a late payment, I don't want to do business with a bank that treats their customers that way. If they will screw people like that, they will screw you any way they can. And since most all banks do business that way, I will not be doing business with them. I have personally seen the rules changed in the middle of the game before. For most of you, you know exactly what your income will be for the month. Its not like that for me. Market prices change. Supply and demand changes. Some months I may not bring in much money at all and in other months I will make 3 months worth of "salary".

I do not have the ability in this 'career' to say "I will have 4k coming in from my income this month so I can spend 4k on my cc and then pay it off at the end of the month". Farming is based on weather, market prices, and luck. Many paydays come for us once a year, not every week or every month. So its different for me than it is most of you.

You make 400% profit and you are against a company who charges 25% interest? IMHO that is crap.

 

[HeyIt'sMe]

I haven't read this whole thread but....

I'm a "Day One" Disney Visa cardholder and I love it. We use it for everything we can and pay it off every month so we've never paid finances charges. We usually have between $500-$700 in reward dollars when we go on our Disney trips. Love that FREE money!

We also got the $200 Disney GC offer so DH opened an account, used the CC once, and we got the $200 GC in less than 2 weeks. Again, love that FREE money.

We could pay cash for all our purchases if we wanted to but we choose to use a CC with rewards to get free moola!

 

[kiddo76]

Do you even know what being a "crock" means? You've been proven wrong in this thread time and time again, yet you wont let it go.

We get it....you don't like the card and / or understand how to use it to benefit your family.
Just because you choose to invest in cows, are afraid of banks, and dont like credit cards doesnt mean that the rest of the world cant use them as an effective tool. I'm glad your way works for YOU -- but that doesnt mean it will work for 99% of the country or that this card (or any other) is a crock.

I think this is what it all boils down too. Many of us have said time and time again that we do not pay our credit card bill from a large accumulation of savings and that we treat our credit cards the same as cash, yet she keeps arguing her point to the contrary. She doesn't get it and seeing as she also doesn't understand the importance of diversifying ones investments, she likely never will.

 

[bonoriffic]

You make 400% profit and you are against a company who charges 25% interest? IMHO that is crap.

Now I understand the original posters anger. They are making massive profits, but on a very small scale. Chase is making marginal profits, but on a massive scale. It seems one pirate is jealous of another.

 

[Disneyliscious]

You make 400% profit and you are against a company who charges 25% interest? IMHO that is crap.

Is it all profit or might there be costs involved with processing that beef? Maybe increased electricity to hang the beef in a walk in cooler for 10 days and a walk in freezer to store it in until it is picked up. Maybe its wrapped in freezer wrap instead of handed back to them in tubs. Maybe it takes a saw blade to saw through those bones and knives to cut the meat. Just maybe it takes money to upkeep grinders, hoists, licenses, tenderizers, cooling units, aprons, hair nets, gloves, hand saws, special casings for flourescent lighting, floor seals, drains, scrap removal too. And I have yet to find a State Inspector (required to be present during processing by law) who does his job for free. Oh, and I guess I work for free killing it, skinning it, gutting it, and then processing and wrapping it just like the others who help in the process. Bringing in $1200 doesn't mean it all goes in my cookie jar.

Might want to re-think your figures.

 

[ilovemk76]

Is it all profit or might there be costs involved with processing that beef? Maybe increased electricity to hang the beef in a walk in cooler for 10 days and a walk in freezer to store it in until it is picked up. Maybe its wrapped in freezer wrap instead of handed back to them in tubs. Maybe it takes a saw blade to saw through those bones and knives to cut the meat. Just maybe it takes money to upkeep grinders, hoists, licenses, tenderizers, cooling units, aprons, hair nets, gloves, hand saws, special casings for flourescent lighting, floor seals, drains, scrap removal too. And I have yet to find a State Inspector (required to be present during processing by law) who does his job for free. Oh, and I guess I work for free killing it, skinning it, gutting it, and then processing and wrapping it just like the others who help in the process. Bringing in $1200 doesn't mean it all goes in my cookie jar.

Might want to re-think your figures.

"net me $1200"

Do you know what NET means?

 

[ICF]

"net me $1200"

Do you know what NET means?

Ok, that was just funny.

 

[Disneyliscious]

"net me $1200"

Do you know what NET means?

I do. And I mis-used a word. I'm human. SURELY all these great savers out there would have known that paying $300 for something, selling it for $1200 could not have possibly "netted" a 400% profit (when sold at $2/lb at 600 lbs dressed weight) unless it was made with air.

I mean, can we not see that $2/lb = $1200 @ 600 lbs? So even though my word "net" was improperly used......its funny no one caught that till now. And given that common sense tells us that any type of work involves costs, how could it possibly been a 400% profit? My mistake in wording should not have stopped others from seeing the obvious. How quick people are to ASSuME.

And we wonder why the country is in the shape its in.


I have thick skin. You can pick me a part all day and I could care less. I walk away from my computer when I want to and go on about my business. I have said over and over that how you all choose to live/save is fine and its your business yet you all can't seem to get over how I do it.

OMG! It must be WRONG that she dont use a bank! What will we do since she doesn't like the Disney Visa?? Its the end of times!!! I mean really, who cares?

I voiced my opinion that the Chase Disney Rewards Visa (among others) is a crock and I stand by it. Im sorry if you don't like my opinion, but thats really not my problem. BY all means, continue to get any free rewards you can. Im all for you doing that. However, the card is (let me say it again) a CROCK to me and mine and we won't be getting it. I haven't had a credit card in over 10 years and I don't need one. I looked at this one when it came in the mail because there is so much talk of it here.

You all have twisted my words, accused me of saying things I did not say, and tried to pick me to the bone. I hope you all feel better about yourselves. If thats what it takes to get you through your day just because someone doesn't agree with the things you do, by all means make me your target. I can take it.

I have stated my reasons why I do not like this card and others like it. Whether you agree or not is your issue, not mine.

 

[bonoriffic]

I have stated my reasons why I do not like this card and others like it. Whether you agree or not is your issue, not mine.

The problem people have, and the points you continue to ignore, is your original argument was Chase gives you $200, but then puts your feet to the fire with the insane interest rate which you WILL pay at some point.

That is why people are mad. You are calling us all suckers to our face. You have stated over and over that you will never pay interest on a credit card by not having one, but all of us other chumps will. Despite all the crazy scenarios you come up with, it seems to personally pain you to know that there are people out there such as myself who will take the free $200 and then walk away. Never to pay interest.

If you weren't so insistent that there is a scenario out there, lurking to one day strike, that will cause us to pay interest, people would have dropped this by now.

So I will again sum it up. Prove me wrong. You are against free money and think an alien apocalypse is a likely undoing to our financial responsibility.

 

[kiddo76]

So I will again sum it up. Prove me wrong. You are against free money and think an alien apocalypse is a likely undoing to our financial responsibility.

No you're wrong. It's gonna be zombies, definitely zombies. Considering the first floor of my house is more windows than walls, I'm a gonner with the first wave of attack. At least I won't have to pay those evil late fees.

 

[SuzanneSLO]

The problem I have with the OPs characterization of the Disaney Visa as a "crock" is that there seems to be confusion between the tool and what a person does with that tool.

I might know someone who was injured using an axe, so I think the axe is a "crock" and refuse to use an axe. I certainly am entitled to that opinion but should not be surprised when others think I am making my life more difficult by trying to cut firewood without using an axe.

Some have learned to use the Disney Visa as a tool, even though they know of others who have been injured while using it. I am in that group. -- Suzanne

 

[gardenia]

But...but...your house might get hit by a meteorite and then you'd get stuck paying those outrageous fees!

I have an emergency fund for contingencies like meteorites, zombies, and alien invasions. EVERYONE SHOULD.

 

[Tink-aholic]

The problem I have with the OPs characterization of the Disaney Visa as a "crock" is that there seems to be confusion between the tool and what a person does with that tool.

I might know someone who was injured using an axe, so I think the axe is a "crock" and refuse to use an axe. I certainly am entitled to that opinion but should not be surprised when others think I am making my life more difficult by trying to cut firewood without using an axe.

Some have learned to use the Disney Visa as a tool, even though they know of others who have been injured while using it. I am in that group. -- Suzanne

I think this sums it up perfectly. Back in the first few pages, OP mentioned that people close to her had gotten into some trouble with credit...and it just happened to be this card, I think. So I can understand that she gets upset when other people don't fall "victim" to their "scheme" -- because that would mean that others could have avoided it, too.

It's irrational, but I can totally see OP's side of it now. Even though she has come across as personally rude to me and like an ostrich with her head stuck in the sand to the rest of us, I get it.

OP, there are lots more who use credit irresponsibly than the way the way most of us who are responding on this thread. In fact, did you know that the credit companies actually call people like us "deadbeats"?? It's true. They hate us because we cost them money. But we are small potatoes compared to the millions they make in interest and late fees every month on everyone else. And you're right that they use incentives to lure in unsuspecting or the fiscally irresponsible to sign up for their card, just hoping that they will mess up and overcharge or forget to pay the bill a few times.

But for those of us who are careful with credit and know how to play their game by their rules, it means that we can rack up the rewards for free.

Okay everybody? Can we just hug it out now?

 

[Disneyliscious]

The problem people have, and the points you continue to ignore, is your original argument was Chase gives you $200, but then puts your feet to the fire with the insane interest rate which you WILL pay at some point.

That is why people are mad. You are calling us all suckers to our face. You have stated over and over that you will never pay interest on a credit card by not having one, but all of us other chumps will. Despite all the crazy scenarios you come up with, it seems to personally pain you to know that there are people out there such as myself who will take the free $200 and then walk away. Never to pay interest.

If you weren't so insistent that there is a scenario out there, lurking to one day strike, that will cause us to pay interest, people would have dropped this by now.

So I will again sum it up. Prove me wrong. You are against free money and think an alien apocalypse is a likely undoing to our financial responsibility.

Please quote me where I have said what you quoted me as saying (red text). I would really like to see it. You asked me to prove you wrong. Finding quotes which use the words I noted in red text will do just that.

 

[Plaid Sheep]

Well mother love a milkman.... I didn't know about the $200.00 GC. I opened my card last month to start saving for ou 2013 trip. Poo cakes.

 

[smitch425]

in your opening post, you said it was foolish to use this card. I use the card, however, I am no fool. I have several thousands of dollars in the bank for emergencies, so no...I do not believe their would ever be a time when I will have to pay interest on my Disney Visa. It's not that I think I am "immune" to emergency situations, but it is that I am finacially responsible enough to handle those situations correctly without having to owe anyone interest. As for having to charge $9000 to earn a park ticket, well...yeah...it is that much. When you charge 60,000 a year on the card like we do, the rewards add up quickly. Also, there are other perks to having the card besides the rewards dollars. Just because you believe it is not a product beneficial for you, doesn't qualify it as a "crock". It is far from a "crock" for those who use it for all of it's advantages. I don't know how you expected this thread to go...probably not quite like it has, but that was a risk taken, I suppose. I mean, I would never think to post a thread like "I will never buy a Ford because they make terrible cars" because those with Fords would be all over me. And before anyone flips out, we own a Ford Escape and love it, so this was just an example. LOL!

What it boils down to is that you don't like the card. That is your position and you are free to feel that way. To those who do feel it is the card for them, that is fine too. No one's preference is better than another's. There should be no reason for any type of personal attacks on a topic such as this. You either throw away the card offer or you take advantage of it. To each his own. I'm in on the hugfest.