Disney Visa - charging for rewards then paying it immediately?

Discussion in 'Disney Rewards Programs' started by Lorix2, Aug 6, 2015.

  1. Lorix2

    Lorix2 <font color=blue>Pixie and Dylan's mom<br><font co

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    New to a rewards card and was wondering if for example, I paid my electric bill with the Disney Visa, then I immediately went to the credit card site and paid that bill from my bank account. It may show as a credit because the charge might not appear right way. Would I still earn rewards or must I wait for the statement to be generated and pay by due date?
     
  2. kphamousbr

    kphamousbr Mouseketeer

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    Yes, you will earn rewards and do not need to wait for statement . We like to use disney visa card to pay our electric but they will charge us extra , so we do not want to pay it with credit card. Have a magical day.
     
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  4. sharona

    sharona DIS Veteran

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    There is no need to pay it immediately. Just pay it in full when you get the statement and you won't be subject to any interest or fees.
     
  5. Lorix2

    Lorix2 <font color=blue>Pixie and Dylan's mom<br><font co

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    The utility company charges you for using a CC as payment? I wonder if mine will too. It's usually coming out of my bank account.
     
  6. Lorix2

    Lorix2 <font color=blue>Pixie and Dylan's mom<br><font co

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    I want to pay it immediately so I will not forget or spend the money designated for the bill while it's in my bank account. I haven't been so diligent in the past.
     
  7. smitch425

    smitch425 DIS Veteran

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    You don't have to wait for the statement to pay, but you DO have to wait for the statement to close out before you will actually earn and be able to use the rewards. And most gas/electric companies charge a fee for credit cards. Cable, cell companies, etc, do not.
     
  8. sharona

    sharona DIS Veteran

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    We have National Grid for both gas and electric. Credit card payments are made through Wells Fargo and there is a small fee which wiped out any rewards earned so not worth it...
     
  9. Lorix2

    Lorix2 <font color=blue>Pixie and Dylan's mom<br><font co

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    I see, you're right. We have Eversource (PSNH) so I will have look into this. Thank you.
     
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  10. Lorix2

    Lorix2 <font color=blue>Pixie and Dylan's mom<br><font co

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    Of course, that would make sense. Thank you.
     
  11. hollymc3

    hollymc3 Earning My Ears

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    I called today to ask this very question and was told that you do not have to wait for the statement to get the points
     
  12. hollymc3

    hollymc3 Earning My Ears

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    I have PSNH as well and have not been charged a fee
     
  13. lanejudy

    lanejudy Moderator Moderator

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    Have you actually received your reward points earlier than your statement date? Even if I paid early, I've never been able to actually receive the reward points (as in they are available to download to a Redemption Card) prior to the statement date. Points are earned when you make a purchase, but they don't post to your account until the statement date. If that can be done now, it must be new. Just wondering if you unfortunately received an incorrect response from Chase, or if the program has changed.

    This is from the website:
     
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  14. MrPTato

    MrPTato DIS Veteran

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    PSNH, now Eversource, does charge a fee.
     
  15. smitch425

    smitch425 DIS Veteran

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    They either misunderstood what you were asking or were misinformed. You cannot access your newest month's reward dollars until they post to your rewards balance, which is after your statement closes out for that month. You can pay your balance everyday if you want to, but you can't get the rewards until they post to your account.
     
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  16. Volfan1

    Volfan1 Earning My Ears

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    Just set your Chase card payment option to Autopay and it will pay each month's statement on the due date without any penalties and without you forgetting to pay it.
     
  17. SCPixie

    SCPixie Mouseketeer

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    We do exactly this -- put all bills, groceries, etc. on the Disney Visa. We pay it off in full at the end of each month. We redeem for points when we are ready to travel. It's a great, easy way to get free Disney dollars!
     
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  18. Mike D.

    Mike D. Mouseketeer

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    We do this as well. We charge everything that doesn't have a fee. Then whatever rewards are on the card is what the kids get to spend on souvenirs.
     
  19. mpdej8

    mpdej8 Earning My Ears

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    We charge everything we can to the card, and pay it off monthly. We never pay any interest. We usually charge about $35,000 a year to it. I'm getting ready to book a trip for October and have $800 in reward money waiting to use. Free money.
     
  20. fifthdimensiondweller

    fifthdimensiondweller DIS Veteran

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    We do this- some utilities charge a fee and others so not. our Natural Gas company does, so we don't do it with them, but our Electric Company does not, so we autopay on there. We earn rewards so fast doing this! Sometimes our American Express card actually has special offers for paying your internet bill or cable bill on their card. Last month we got 10% back as a statement credit if we paid our internet bill with them. Well woth it especially considering it's money we would have spent anyways!
     
  21. sharona

    sharona DIS Veteran

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    The return percentage on the Disney Visa is not great. The initial bonus of $200 for spending $500 is a good enough deal but after you earn that, you are much better off switching to one of the Chase no fee cash back cards like the Freedom. That one has 5% cash back categories every quarter with no annual fee. You'll earn points faster and you can use the cash back for WDW or anything else instead of getting a smaller payout with the Disney card and locking yourself in to only one option for spending your rewards.
     
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