Disney visa card confusion...

[sersee05]

My vacation is in August of this year. I'm still getting it planned. I'm going to do the whole target gift card thing to help me pay for food when we go.

I was curious about putting it on a disney visa. I know one has an annual fee, but I think you get a 200 dollar credit. I think it was $49? So basically you get $150 credit. I'm not sure what the free one does or incentives?

I don't know that I want to pay an annual fee every year though..

I have a credit card that give some points. Is the disney visa worth it?

 

[Marionnette]

My vacation is in August of this year. I'm still getting it planned. I'm going to do the whole target gift card thing to help me pay for food when we go.

I was curious about putting it on a disney visa. I know one has an annual fee, but I think you get a 200 dollar credit. I think it was $49? So basically you get $150 credit. I'm not sure what the free one does or incentives?

I don't know that I want to pay an annual fee every year though..

I have a credit card that give some points. Is the disney visa worth it?

You don't have a Disney Visa yet? Not much time to apply and receive that card between now and August. You probably wouldn't accrue enough rewards points to make the card worth your while before leaving for your trip. You need $20 worth of the Disney Dream Dollars (equal to about $1K-$K in spending, depending on where you're making your purchases) in order to be able to order your first redemption cards. So, let's take the benefit off of the discussion table for now.

The incentive would be:

• The 6-months at 0% interest for booking a package.
  
• Getting what amounts to $151 in "free" money.
• Discounts on food and merchandise in the parks when paying with the card.
  
• Free character meet and greet photo in Epcot.

Now ask yourself if there's a better deal out there on a rewards credit card that you might actually use regularly. You might find something that appeals to you more if you look hard enough.

 

[sersee05]

No I dont... the annual fee is killing me hahah. It wouldn't during the $151 in free money but next year...
what is dream dollar and redemption cards?

You save at disney restaurants? I was going to definitely use the gift card strategy and go down with alot of disnew gcs to use on our food.

I have the credit card that gives me points and then I can credit it back..I will have to go see what the payback is on my reg. Card

 

[gljvd]

you also get 2% reward dollars at gas stations , grocery stores and resturants. You get 1% every where else. You get 10% off at Disney store and you get a discount at some places in the park. Oh and you get 2% at Disney locations. I don't have another rewards card that does that

You have to think about how much you need to spend to make back your $50 a year or more. My gf and I signed up because you get $200 bucks back after you spend I believe $500 in the first 3 months. We already have 3 Disney trips planed for the next year ( d23 cali , starwars weekend in may , marathon in nov) so we figure we'd put 5k in spending easily in the next year and then with discountsi n the park I think it will be more than worth it for me. We signed up last week and the card already came in .

 

[Marionnette]

No I dont... the annual fee is killing me hahah. It wouldn't during the $151 in free money but next year...
what is dream dollar and redemption cards?

You save at disney restaurants? I was going to definitely use the gift card strategy and go down with alot of disnew gcs to use on our food.

I have the credit card that gives me points and then I can credit it back..I will have to go see what the payback is on my reg. Card

A Dream Dollar is the the rewards currency of the Disney Visa you earn between 1-2 Dream Dollars for every $100 in spending, depending on where that $100 is spent.

A Redemption Card is the plastic card that you load your Dream Dollars on so that you can spend them. It works just like a gift card but it has an expiration date. When it expires, any Dream Dollars on it will also expire. You have to have a Redemption Card in order to be able to spend your Dream Dollars but you also have to have at least $20 in Dream Dollars to request your first Redemption Card.
Here's a link to the perks at Disney World:
https://disneyrewards.com/wp-content/uploads/sites/2/9100_WDW_ThemeParkPerks_11.pdf

 

[sersee05]

Great information ...thank you! The credit that you get...us it put into dream dollars or can you use it toward what you charge?

There is also a card with no annual fee...is that worth it?

 

[gljvd]

Great information ...thank you! The credit that you get...us it put into dream dollars or can you use it toward what you charge?

There is also a card with no annual fee...is that worth it?

You get $50 for signing up for the regular one plus only 1% off. So its worth reading through the diffrences between the two cards

https://disneyrewards.com/compare-cards/

ignore the $100 statement credit as if you go to the disneystore.com the link there gives you $200 or you can have a friend that has the card refer you and you get $200 and they get $50

But it breaks down what you get

 

[smitch425]

Great information ...thank you! The credit that you get...us it put into dream dollars or can you use it toward what you charge?

There is also a card with no annual fee...is that worth it?

The only thing you can use rewards as a credit towards your bill on is airfare, and only with the premier card (the one with the fee). The no fee card earns 1% on all purchases versus the 2% in gas, grocery, restaurants and Disney purchases that the premier card earns. You can compare the two cards at www.Disneyrewards.com
The ONLY way to make either card work for you is to pay it in full each month.

 

[gljvd]

The only thing you can use rewards as a credit towards your bill on is airfare, and only with the premier card (the one with the fee). The no fee card earns 1% on all purchases versus the 2% in gas, grocery, restaurants and Disney purchases that the premier card earns. You can compare the two cards at www.Disneyrewards.com
The ONLY way to make either card work for you is to pay it in full each month.

I thought you could use rewards to book at Disney ?

 

[sersee05]

Ok..so it says statement credit. So that should mean it doesn't get put into dream dollars .

 

[smitch425]

I thought you could use rewards to book at Disney ?

Yes, you can. They asked if reward dollars could be used to pay your down your credit card balance. You can only pay for airfare that was purchased with the DV. No other purchases can be paid back with reward dollars.

Ok..so it says statement credit. So that should mean it doesn't get put into dream dollars .

From the rewards site:


ETA: OP, I may have misunderstood what you were asking. Lol
If you are asking about the sign up bonus, it is typically a gift card, but I've had my premier card since it came out, and the initial promo was totally different. Hopefully someone who has done it recently can confirm it is a gift card.

 

[NY Pirate Princess]

The offer right now is a statement credit. If you know anyone with a Disney Visa they may have a code that will give you the $200 gift card instead when you sign up. I am not sure you would be able to get either before a trip in August, as you have to spend the $500 first and wait for the gift card to arrive.

 

[ICF]

If you're really worried about the fee after Year 1, just cancel the card. I hate annual fees on CC and have done this with a # of cards that want to charge me a fee in Yr 2.

That said -- I'd be surprised if you can apply for the card, meet the spending requirements and get the rewards in the next 2 months.

 

[Marionnette]

Ok..so it says statement credit. So that should mean it doesn't get put into dream dollars .

If the offer you're seeing says "statement credit", then that's what you will get for your sign up bonus. But any X% on your spending will be in the form of Dream Dollars.

In any event, you probably do not have enough time to get the Disney Visa and acquire any rewards prior to your trip in August. You will only benefit from the 6 months at 0% if you pay for a Disney package by using the card and any discounts/benefits mentioned in the links you're been provided.

You should definitely read the information in those links. And compare the Disney Visa to some other rewards CCs. Some offer an annual bonus that pretty much negates the annual fee.

 

[FairestOfThemAll37]

I'd look at other rewards cards as well. There are a lot out there that give much better bonuses and have better earning potential IMO.

 

[smitch425]

It really just depends on how much you plan on putting on the card per month over the next two months. Two months for us is about $12K. Even one month, which is more realistic in your situation, would be worth it if you spend a lot. Plus the card perks are nice to have in the parks, even if you don't have reward dollars yet. Lol

 

[msmama]

Just to clarify, too, there's not a TON of restaurants that give you a discount with a Disney visa (there's a list of them on the DV website which I can't get to work right now). No CS discounts.

Also, the merchandise discount is 10% off if you spend $50 or more (at select stores, also listed on the website - actually I think it may be the stores that don't have the discount listed on the website). It used to be the big retailers - Mouse Gears, the Emporium, World of Disney, etc, but I think it's expanded to include more the last few years.

 

[hsmamato2]

I'd look at other rewards cards as well. There are a lot out there that give much better bonuses and have better earning potential IMO.

This. There are many other credit cards out there that give WAY more than the Dis visa gives in rewards, which can be used not just at Disney but all over the place..... A SWA cc for one,(free airfare) a Barclays travel card (rebates on travel expenses) a Chase Sapphire preferred (points which can be used in so many ways,incl. travel) - the Dis visa has minimal rewards per dollar spent..... (fwiw, $150 isn't a terrible reward, but it's certainly not the best either)

 

[sersee05]

I was able to find it. I got the $200 statement credit offer in the mail. I couldn't find it though and I went onto the website which said something different. So I finally found it. It did stay you get a $200 statement credit if you spend $500 in 3 months. It said on the disney website , if you pay for the vacation right now with the credit card, you will receive the credit on your next billing statement. So I think I would get it right away. I just had to figure out if $150 is a good discount. It's $150 off my vacation!

I don't normally carry annual fee cards. I have a Chase Sapphire(not preferred) and get points for every purchase and I can do lots of things with the points..I usually pay myself back. So that is probably a better option for me. I love all the information you guys gave me!! I will have to look into annual bonuses that negate the fee...we use our cc and then pay it off...so that would be interesting. I was always afraid of annual fee cards...

 

[hsmamato2]

Annual fee cards can be interesting.... there are quite a few that are 1000% worth paying the fee for.....