Disney Rewards Visa - Why?

[CajnMom]

I'm planning a trip in June 2007 and debating whether it will be worth it for me to get the Disney Visa card. We've worked hard in the last five years to get our credit rating up, and I know that the more credit lines open, the lower your score. So, we are pretty picky about opening new lines of credit and usually only do so for major purchases such as our house and cars. I'm trying to find out exactly what benefits I can expect to recieve by having the Visa card. Will it be worth it for me to have this card? Will I be able to expect a savings on my trip? Oh, BTW, we will be using our American Express Members Rewards points to pay for transportation on our trip, so we use the AmEx card as much as we can to get more and more points accumulated. So, I don't want the Visa card to earn points for spending on our trip.

 

[dawn8226]

You do get 6 months no interest when you pay for a disney vacation package with the disney visa. And you also get disney reward dollars, $1 for every $100 you spend. Otherwise the interest rate is pretty high (13.9% I think).
The only reason I got it was to get the reward dollars, and I only charge to it when I know it will be paid off immediately. I also am charging my DCL vacation package to it and will get 6 months no interest, but I do have all the money saved for that ahead so the 6 months no interest isn't really a benefit.

 

[Wigit12]

If you don't want the reward dollars for spending during your vacation, don't bother. There haven't been many other benefits for awhile. We're all patiently waiting to see if they put out any more offers.

We did save enough to pay for our meals the past two trips though.

 

[G8RFAN]

Your beacon/FICO score may not penalize you with more trade lines. An inquiry from Chase may impact you negatively if you are also applying for any additional debt from other sources at the same time; however, the more history with multiple trade lines with no delinquincy and very importantly, low or no balances on these trade lines (ie pay off your credit cards monthly) will result in a higher score. It is actually detrimental to a person's score if they pay off a card and then close the account. Pay off the balances and keep it open. It shows financial wherewithal and discipline.

BTW, DW has one and uses it religiously. I use a Citi Dividends, as the cash back earnings is slightly better than Chase's Disney card.

 

[byoung]

We try to get all the rewards we can, but don't pay interest it will only get you behind.