Disney Visa Card question

[missysid]

I am looking at applying for a Disney Visa Card to take advantage of the 6 months no interest on trips. We are going the first week of January 2010. Is there a way to figure what rewards we would earn by putting that balance on the card and paying if off prior to the 6 months? I like the idea of getting a gift card to use at the parks.

Also one last question please. I assume I can use this card anywhere I would my regular Visa..... I would pay off the charges each month. Do they apply my payment to current charges first and any extra to the trip we have on there with 0% interest? Some cards I have heard apply it to both 50/50 which leaves you with a balance on current charges so they get interest.

Sorry for the silly questions today - I just want to make sure I dont get stuck with interest or a rewards card with $2 on it.

Thanks

Mel

 

[pooh4evr]

We just got ours last week- it is 0% on all charges right now for 12 months- then it goes to 9 - and yes it is 0% on "select" disney vacations for 6 % after booking- and it is 1 Disney reward dollar fo every 100 you spend on the card. We got it for the reward $$ and for the low interest rate capital one was getting rediculous!

 

[mybabesuz]

The rewards card gives you 1% back.
So for a $2000 Trip... you would get $20...

And don't forget you also get $40 off your trip...

 

[Poohs#1fan]

They apply your payment to your regular purchases first not to the 0%. Hope that made sense.

 

[KAYLI'S DAD]

and yes it is 0% on "select" disney vacations for 6 % after booking- QUOTED

Does this mean they charge you 6% fee for financing on the visa?
I thought it was 0% for 6 months when charging you vacation.

 

[Crystal824]

It is usually 0% on most Disney packages that you put on the card for 6 months. There are sometimes specials that give you longer...there may be packages that don't qualify. Read the fine print. Usually you earn $1 for every $100 you charge on the card. There are occassionaly specials where you earn $4 or $5 per $100 on certain items like gas, groceries, etc. You usually have to register your card for this after receiving notification of the special.

 

[mary0305]

When paying my card, I would always note on my check how much was to pay my vacation balance and how much was for my card balance. I never had a problem having them post my amounts correctly. We put all of our expenses on the card for a few months before our trip and our rewards added up pretty quickly.

 

[Pats Dragon]

Sorry to burst any bubbles but many people, including me, had Chase Disney Visa raise the interest rate from 9 to 14. It was not due to specific credit problems etc but just because they "were not making enough money on the interest" Capitol one just raised mine as well.

 

[missysid]

Thank you to everyone who posted here. I think I will go ahead and get the card and just pay it off each month. Or twice per month as someone above suggested. The 0% interest would be nice on the package to keep the money in savings but I could just pay it off in 30 to prevent any problems too.

The increased interest rate would not worry me as long as I paid it off. By putting gas and groceries on the card it would add up fast vrs using my debit card at the stores.

 

[eyor44]

I got the card for the specific reason of our trip last year. It worked out very well. I used it for regular purchases and paid off the balance each month. I also paid extra on the trip. Worked out very well and earned a lot of rewards that I used for DD's visit to the BBB.

 

[pooh4evr]

sorry I must have been typing with the help of my 2 yr old didn't mean to say anything about 6% it is 0% for 6 months after booking. SORRY!

 

[KAYLI'S DAD]

So it is 6 months after your booking? If you book through disney you dont have to pay it in full until 1 month before your arrival. Or can you charge the trip 1 month before arrival and still get another 6 months at 0% ?

 

[Baltazar]

We pay for everything possible on Disney Visa.

It is Six months from when the charge goes on.

At 45 days you pay for the trip and 6 months after that is free interest.

 

[nowellsl]

Thank you to everyone who posted here. I think I will go ahead and get the card and just pay it off each month. Or twice per month as someone above suggested. The 0% interest would be nice on the package to keep the money in savings but I could just pay it off in 30 to prevent any problems too.

The increased interest rate would not worry me as long as I paid it off. By putting gas and groceries on the card it would add up fast vrs using my debit card at the stores.

The Disney Visa is great for booking a trip, but if you're going to use a card for gas and groceries the Chase Freedom pays 3% for those categories. Also, when you accumulate $200 in rewards you can get a check for $250. Just a thought...

 

[dclfun]

There are cards with a much better ratio for reward dollars. That said, we got the Disney Visa just for financing Disney cruises and packages with the 0% interest for 6 months. I have a Signature Visa that I've had for years with only 4.99 interest ( hoping they don't raise it like many of the card companies have done) that we earn more rewards with, so I put most of my purchases on that card and do have a small balance sometimes but usually no balance. The Disney visa gets paid off before I would have to pay any interest charges so I really don't care what they are - but mine was originally 5.99 and went to 9.99 %. Most of us got the letter saying that our rates were going up to a certain amount plus prime. I've had my Disney Visa for 3 years now and still have only earned $95 which I have yet to redeem. This year alone I got $600 back on my other card for the 500 reward points I'd earned. I'll take any rewards I can get which is why I DO use my cc for almost all purchases and then come home and go online and pay them via my bank which doesn't charge me for doing so.---Kathy