Disney Visa 6 month financing question

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Mouseketeer
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Mar 31, 2011
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I have been a Disney card holder for a few years now but have never used the 6 month financing that it offers nor have I learned how it really works. Today I started thinking about taking a trip in the middle of Dec. For awhile I did not think I would be able to make it because I have a big trip coming up this summer, but with the financing I might be able to pull it off!

However, I have no idea how it works! So, let me explain how I hope it works and then hopefully somebody can help me out and really explain it if my idea is just plain wrong.

So, lets say I book my trip on July 1st with a check in day of Dec. 13th. Lets also say the package price is $1200. I know you have to put $200 down when you book. So know it is July 2nd and I still owe $1000 for my trip.

I know you have to pay off your package 45 days before you arrive which would be October 29th. Would the 6th month financing start that day? So, starting on Oct. 29th, I have 6 months to pay off $1000 dollars?

This is the only way I can see it really working. If you were to book your trip 9 or 10 months ahead of time and the 6 months started then, you would really have to pay it all off before the 45 day mark which makes no sense.

If the financing starts when you hit the 45 day mark then I think I could manage it. I would pay the $200 when I book and hopefully another $200 before the 45 day mark. That would leave me around $800 left on financing which is only roughly $135 a month!
 
The 6 mos countdown begins when charges are applied to you card. Well, actually once the statement arrives from those charges. So your $200 deposit will have an expiration date of Nov, assuming your Apr statement closed. So your deposit goes onto May's statement, hence the Nov due date. Then when the balance is due on your package, it will post to your account and the statement goes out then you have 6 mos for that balance. Your statement is capable of listing multiple balances each with their own exp date.
There's no point in making smaller charges prior to the package final payment due date since they will only make for an earlier exp date for those amounts. Unless of course you just want to get some of the cost out of the way so it's not a huge amount at the end.
Just be sure to watch those exp dates.
 
WOW! Ok, so let me get this straight.

Anytime a charge goes onto my account as part of the trip, I get 6 months?

So, my statements end on the 10th of each month. So, on July 1st I purchase a package and charge the $200 to my account. That $200 will appear on the next statement (not the one due in a few days, but the one due on August 10th) and I have will 6 months to pay off that $200?

Then, Oct. 29th rolls around (45 days before the trip) and the rest of the package is placed on my card. So, I will see it on the statement that is due for payment Dec 10th and it will also have 6 months?

If that is true (you have 6 months to pay off the deposit and another 6 months for the 45 days out payment) then could I basically spilt the payments in two? So say the package is the $1200. Could I deposit $600 on the day of the booking (thus giving me 6 months to pay off that $600) and then when the 45 days rolls around, the remaining $600 will get added to my account giving me 6 months to pay off that as well?
 
The 6 mos countdown begins when charges are applied to you card. Well, actually once the statement arrives from those charges. So your $200 deposit will have an expiration date of Nov, assuming your Apr statement closed. So your deposit goes onto May's statement, hence the Nov due date. Then when the balance is due on your package, it will post to your account and the statement goes out then you have 6 mos for that balance. Your statement is capable of listing multiple balances each with their own exp date.
There's no point in making smaller charges prior to the package final payment due date since they will only make for an earlier exp date for those amounts. Unless of course you just want to get some of the cost out of the way so it's not a huge amount at the end.
Just be sure to watch those exp dates.
Wrong! The 6 months begins from the day that the charge is applied, not from the date that the statement is generated or arrives in your mail.

So, in the OP's example, a $200 charge made on 7/1/12 must be paid off in full by 1/1/13. It doesn't matter than their Juy statement is not generated until much later in the month, nor does it matter if the OP's December bill is not due until the middle of January. The promotional rate will end exactly 6 months after the charge was made.
 

WOW! Ok, so let me get this straight.

Anytime a charge goes onto my account as part of the trip, I get 6 months?

So, my statements end on the 10th of each month. So, on July 1st I purchase a package and charge the $200 to my account. That $200 will appear on the next statement (not the one due in a few days, but the one due on August 10th) and I have will 6 months to pay off that $200?
You have 6 months from July 1st, which would be Jan. 1.

Then, Oct. 29th rolls around (45 days before the trip) and the rest of the package is placed on my card. So, I will see it on the statement that is due for payment Dec 10th and it will also have 6 months?
Again, you have 6 months from the date that the charge is applied. Six months from 10/26 would be April 26 of the following year.

If that is true (you have 6 months to pay off the deposit and another 6 months for the 45 days out payment) then could I basically spilt the payments in two? So say the package is the $1200. Could I deposit $600 on the day of the booking (thus giving me 6 months to pay off that $600) and then when the 45 days rolls around, the remaining $600 will get added to my account giving me 6 months to pay off that as well?
You can split the payments however you like as long as all of them are on your Disney Visa.
 
is the 6 months for the disney trips automatic or do you have to ask for it?
I have a trip that I have put the deposit and $300 on my disney visa. I had a visa gift card of $100 that was expiring so I put that $100 on the trip.
When it comes time to final payment, will I still be able to use the 6months even though i paid $100 with a gift card?
 
Wrong! The 6 months begins from the day that the charge is applied, not from the date that the statement is generated or arrives in your mail.

So, in the OP's example, a $200 charge made on 7/1/12 must be paid off in full by 1/1/13. It doesn't matter than their Juy statement is not generated until much later in the month, nor does it matter if the OP's December bill is not due until the middle of January. The promotional rate will end exactly 6 months after the charge was made.

Sorry, not true. I have 4 different qualifying charges running concurrently, charged on different days throughout my last statement and all have a 10/9/12 due date, which was generated when my billing cycle closed on 4/12/12. My statement closes on the 12th of each month but payments are due on the 9th. Hence the 10/9/12 due date.
Also I've paid off around 8 others but their exp date hasn't occured yet so they're still listed on my statement. It lists their original balance, then their remaining balance as 0.

I can scan & post it to clarify.
 
is the 6 months for the disney trips automatic or do you have to ask for it?
I have a trip that I have put the deposit and $300 on my disney visa. I had a visa gift card of $100 that was expiring so I put that $100 on the trip.
When it comes time to final payment, will I still be able to use the 6months even though i paid $100 with a gift card?

To qualify for 0% for WDW it must be a package (room + tickets), a Disney cruise or I believe Adventures by Disney vacation.
Room only reservations and room charges to your KTTW card don't qualify.

Also each charge must be $101 or more to qualify. So if I book a cruise that has a min deposit of $90 it doesn't.
 
Sorry, not true. I have 4 different qualifying charges running concurrently, charged on different days throughout my last statement and all have a 10/9/12 due date, which was generated when my billing cycle closed on 4/12/12. My statement closes on the 12th of each month but payments are due on the 9th. Hence the 10/9/12 due date.
Also I've paid off around 8 others but their exp date hasn't occured yet so they're still listed on my statement. It lists their original balance, then their remaining balance as 0.

I can scan & post it to clarify.
Sorry, I beg to differ with you. All of my promotional rates have ended EXACTLY 6 months after the charge was incurred and NOT on the "payment due" date 6 months in the future.
 
The only alterations I've done was to erase the transaction #s next to the 2 listed on this page. Note that the charge listed as "Reservations WDW" for $412.32 doesn't qualify because it wasn't a package.


Top-50statement.jpg
 
Sorry, I beg to differ with you. All of my promotional rates have ended EXACTLY 6 months after the charge was incurred and NOT on the "payment due" date 6 months in the future.

Maybe they changed it? I've only had mine approx 10 months.
 
Thanks everybody for clearing it up! It looks like the trip is going to happen now. I love that I can spilt the cost in half and pay half at the deposit time and the other half 45 days out.

Its looking like the cost is going to be $1414.63 (right now, no discounts out for Dec. yet). So, that will be two charges of $707.32. Break that down even more and I only have to pay $117.89 a month! Having to pay it in one lump sum was always the bad part. Now that I know I can split it up like this, I might be traveling to WDW more often :thumbsup2
 
Thanks everybody for clearing it up! It looks like the trip is going to happen now. I love that I can spilt the cost in half and pay half at the deposit time and the other half 45 days out.

Its looking like the cost is going to be $1414.63 (right now, no discounts out for Dec. yet). So, that will be two charges of $707.32. Break that down even more and I only have to pay $117.89 a month! Having to pay it in one lump sum was always the bad part. Now that I know I can split it up like this, I might be traveling to WDW more often :thumbsup2

:thumbsup2 :goodvibes
 
If you want to be sure or need clarifications, give Disney Visa a call. They are very helpful. I think they are the nicest people I've ever talked to regarding a credit card :)
 
I just called Disney visa since I'm planning on going next spring and needed to find out anyway. You will have a 6 month expiration date from each payment that you make on your trip. So if you take 5 payments to pay off your trip, then you will have 5 different expiration dates. This will make it sooo much easier for me!!! have a great trip!
 




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