Disney Visa APR Promo Question

[HLAuburn]

We've done this enough times so you think I'd know, but this is a new one for me...

If you charge 2 or 3 packages at different times (so with different 6 month promo expiration dates), how does pay off work? If you pay extra toward the balances, will it go toward the one that expires soonest?

We are booking a cruise and the deposit will be charged first and then the balance in a few months, so they'll have different expiration dates. Want to make sure I will actually have 6 months to pay off each.

Thanks!

 

[HLAuburn]

Anyone?

 

[Leeanne]

This is a great question that I hadn't thought of. We are putting ours vacay on the card (no interest and interest bearing checking means more $$ in my pocket!!) and if we get a decent bounce back will probably put that on the card as well.
I always understood that you had 6 months to pay each one (I have two appliances on a Lowes card and have two different dates on them). In addition to this question, you might want to look at how your money is applied. Again with my Lowes card. I thought the money would be applied to the purchase that came off first. However when I went in to look back in January it had actually been splitting the money in half!! I had to call and have them change it to apply to the money to the first purchase.
Anybody else know I this is the way the Visa works??

 

[StitchesGr8Fan]

Someone else had a similar issue a few months ago. The gist of it was she paid online and her money went towards the highest interest things first. Not the same as your situation, but I think the advice she got will help you. Call Chase and tell them which package to apply the money to. Legally they have to apply it to highest interest items first, and then they SHOULD go by promo expiration, but you can't guarantee that if you pay online. Call for every payment until that first package is paid for.

 

[wannagoback]

I had this situation last year and the way it appeared to work for me was:

Payment applied to the non-promotional statement balance.
Any extra applied to the oldest promotional balance.
Any extra applied to new charges.

I always paid off my balance each month, so I am not sure what would have happened if I was carrying an interest-baring balance from a previous month. I had to manually subtract my promotional balance from the statement balance to figure out my minimum balance to avoid interest.

Hope this makes sense!

Edit to add: payment toward promotional balances from old to new, not just the oldest. I had 3 separate charges for cruise payments that I was watching closely until all three were paid off.