Disney Rewards Visa seems like a total crock.

[Disneyliscious]

Regarding my post above.....


Let me help you out in showing just how bad my words have been twisted by some on here. Its really quite shameful. Its ok to disagree with me, but to comment that I have said things I clearly have not (meteors, alien encounters, that you are chumps who WILL pay interest, that my lifestyle is a smarter choice than yours, etc) really shows the character of some of you. Show me once where I have said any of that!

No one is immune to this possibility.

I would be realistic and know that it can happen...hopefully that it wouldn't, but that it could.

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.

Regarding those who said I was saying my lifestyle was the right way or somehow better than theirs:

My lifestyle is not the norm, it is not recommended for most, and it isn't perfect or even financially smart but its "me" and Im ok with that.

God knows Im not one to be giving financial advice because I don't even deal with banks for one.

B) I have stated before (and even in this thread that my own way of life is not for everyone and isn't the smartest financially.

For those who said I ONLY referred to the Disney card:

It got lumped in because BoA is yet another bank who, if you have any other kind of account with them (loan, mortgage, etc) and you are 1 day late on ANY of those payments, your CC interest will go to the maximum rate. Whats more, is once you are late on ANY payment with BoA they can go in your checking account and pull out the funds to pay that bill, and if you have outstanding checks - tough.

Brushing off others experiences because it hasn't happened to you (yet) is foolish.

....and then I go on to mention Wells Fargo later in the post.

I'm still looking for where I said this WOULD happen to everyone...

What is foolish is the mentality that you are immune to paying a late fee. No one is immune to it. ....
No one knows if anything like this will ever happen to you, or me, or our neighbor next door. Telling yourself that it will never happen to you is, as I said earlier, foolish.

A) This can and does happen every day to people, even the several hundred thousand dollar kind.

And Smitch, thank you for "getting me". I understand others do not feel the way I do about the card. I'm not trying to change any minds. I was only trying to make those who do not have it aware of the risks involved with the temptation of getting that $200. I knew the thread would be hit with hostility, however I was not prepared for it to go into the onslaught of mocking that it did with assumptions, mis-informed quotes, accusations of tax evasion, and being a pirate. We all dis-agree on this board at times. Dis-agreeing is a lot different than being accused of the things I have been in this thread.

 

[bonoriffic]

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.

insane interest rate which you WILL pay at some point.

I assume you want proof that you think we WILL pay at some point, which is proven next. But just in case it was the insanity portion you questioned...

"your credit card interest rate going to 24.24% indefinitely is insane"

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

By telling us you don't have a credit card, that proves you will never pay interest on one. You can't do one without the other. So to prove to you that you said this.

"I am once again reminded today that I am thankful I don't have a single credit card."
"I haven't had a credit card in over 10 years and I don't need one."

The crux of the argument is of course that you think everyone else WILL pay interest. Still not convinced that is what you said?

"No one is immune to this possibility."
"What is foolish is the mentality that you are immune to paying a late fee. No one is immune to it."

And of course, the smoking gun itself...

"But Im pointing out that no one is immune to paying interest or fees. No one."

You are against free money

This is a valid assumption based on your comments. You have made it perfectly clear you received the offer for free money, and made it perfectly clear you will turn it down.

"Of course I looked at the card and even considered it when I got it in the mail."

There is no catch. It is free money. Thankfully you are OK with anyone else getting free money, just not yourself.

"BY all means, continue to get any free rewards you can. Im all for you doing that."

There was also a confusing bit where you use a WalMart prepaid debit card, at a cost of $3 a month when a credit card (or even most checking accounts) are free to use. You seem to be seeking out the option that costs you money. You shun free options at every turn.

alien apocalypse is a likely undoing to our financial responsibility

This one is a logical leap. Unfortunately you never directly said you believe in aliens. Although you do live on a farm, and cattle mutilations are an alien calling card. But I digress. I pointed out that a scenario involving aliens is the only possible outcome that would result in me being charged credit card interest. As we have already established, you believe everyone WILL pay this at some point. If you believe I will pay interest, and the only way for that to happen is aliens, then you must believe that the alien disaster is a valid possibility.

 

[Disneyliscious]

insane interest rate which you WILL pay at some point.

No where in any of my posts have I said this. The only thing even close to that was the comment of:

A) This can and does happen every day to people, even the several hundred thousand dollar kind. I mean, if your spouse or family member was given a life threatening diagnosis that only an expensive operation (not covered by insurance) could try to help, would you give up your savings to save their life or keep your money and wish them well on their way out? If you chose to give up your savings for the operation and your cc changed the rules the next day.....what would you have to pay off the balance with? Thus, in a situation like this (which could happen to any of us) would mean you will be paying interest and possible late fees.

When read in context, instead of posting a partial sentence that I can't even find, you would see that saying someone WILL pay was given in a theoretical situation which is not the same as saying that everyone of you will be paying interest and late fee's.

Could you please directly quote me on where I said this again? Instead of just typing it out? I have looked through every post and cannot find it.

 

[MomToOne]

I understand others do not feel the way I do about the card. I'm not trying to change any minds. I was only trying to make those who do not have it aware of the risks involved with the temptation of getting that $200.

Maybe, if you truly just wanted to educate people, you could have labeled the thread something like "Why I decided the Disney Visa Card $200 Offer Wasn't For Me" or even "Issues I see with the Disney Visa Card". When you used a thread title that accused the card of being "a crock", you set yourself up for the hostility. You clearly came out of the gate out hostile, so it can't be any surprise to you that that's what you got back.

 

[marie1203]

I do not understand where the OP is trying to get too. All credit cards are going to charge you interest if you let it accumulate. I got the $200 and got the gc. We put everything on that card every month and accumulate the rewards and never in over 2 years have paid ANY interest, but we have gotten money back in rewards. So I think you are loosing more money if you don't use. At least I get 1% back on my purchases v. nothing + the 200 gc.

 

[Disneyliscious]

You clearly came out of the gate out hostile, so it can't be any surprise to you that that's what you got back.

Sigh.....

As stated in post 121 (5 posts above this one)

I knew the thread would be hit with hostility.....

Do people even read anymore?

 

[MomToOne]

Sigh.....

As stated in post 121 (5 posts above this one)

I knew the thread would be hit with hostility.....

Do people even read anymore?

Yes I can read. Thank you for your concern. But I'm done with this and your completely insulting manner. You clearly started this thread looking for a fight, and have no real interest in educating people or having a reasonable debate. I've reported the thread to the moderators, hopefully they will shut it down.

 

[DawnM]

Well, I hope you have one of THESE or you really aren't well protected.

http://all-that-is-interesting.com/post/4956385434/the-first-zombie-proof-house

Dawn

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

 

[bonoriffic]

Could you please directly quote me on where I said this again? Instead of just typing it out? I have looked through every post and cannot find it.

I directly quoted you above. I think your quotes were effectively used to show every statement you claimed I invented were in fact accurately summarizing your point of view.

Just because you don't like your own quotes being used against you, doesn't change that you said it, in context. There is a very easy search feature on any browser that you can use to find the quotes above. You said them. They are your words.

Just because someone says "You like flowers" and your only defense is to say, I never said that. I said "I like plants, especially those cultivated for their blossoms", you still said it. If your only argument is you did not say those things word for word, but provided dozens of examples where you said almost that word for word... well my friend you aren't going to win that battle.

 

[DisneyFairytale]

You know, you have to remember that those guys are running a business. It's very common for credit card companies to run those kinds of deals. I think it's quite fair.

 

[distherapy]

I have a question, and I am not trying to stir the pot. How do you book trips to Disney? Do you deposit cash and then write a check? What do you for things which are not local and therefore cash isn't possible. I know wiring is available, but you seem fee-averse and the fees for wiring are exorbitant. Just curious.

 

[DisneyFairytale]

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.

I know eh! I wish I could even start one, they never started the program for Canadian customers *sniff*

 

[jtopicz1]

Ok. Where to start! First off, there is no doubt that some people cannot handle credit cards. You really have to know how to use them and have very strong self-discipline. When people that fall it to this category recognize the problem and deal with it by not having a CC, this is great. I have no disagreement with the OP there.

There is no doubt that any CC sign-up bonus is intended to lure those who WILL pay interest or who WILL get into trouble into having the card. I read somewhere that all they need is 1 out of 20 signups to carry a balance for them to profit. It's a business.

Now onto the problems I have with this thread.

1) The OP insists that the Disney Visa CC is a "crock." This business practice is by no means exclusive to that particular card. Almost all card issuers will jack up your interest rate, often for life, if you are late with one payment. In fact, thanks to our governments new regulations that help protect the financially irresponsible and penalize those who are responsible (but that's another thread), most rewards cards now also carry an annual fee. Disney Visa is actually a winner in this category because it does not!

2) The OP absolutely insists that "nobody is immune" to the possibility of paying late fees and finance charges. This is the main problem I see. If you use any credit card responsibly, you ARE immune to paying fees. A credit card is really no different than cash if you use it correctly. When you make a charge, simply put the amount of the charge in cash in an envelope, or transfer it to a separate bank account if you wish. That money is now spent. At the end of the month pay your bill. There you have it - zero possibility of fees / penalties! This argument is like saying you should never have a mortgage, because if you miss a payment or are late on a payment or two, they will repossess your home. It doesn't make sense!