Disney Visa Payment

[wdw.dreamer]

I know that with my DV I have 6 months to pay off my vacation with 0% interest...(unless something has changed)

Do I just pay my monthly bill minus what I paid for my package when the bill comes. Do I need to call Chase for any reason?

Any one ever had any problems?

 

[mickey2000]

http://www.consumeraffairs.com/credit_cards/chase_credit_cards.html

 

[PIRATEGIRL007]

Since the PP reply has nothing to do with your question I'll try and answer it. I have booked w/ our DV many times (including a week ago! yeah!). On your invoice you will see a 0% apr w/ your trip listed seperately. It will usually appear above/below the other APR info w/ the rest of your purchases and if you have any balance transfers or cash advances that appears on a 3rd line. You do not need to call them when they get the charge from WDTC it automatically reads it in thier system and attaches the 0% APR. As far as your payment it will probably change b/c the credit card companies are requried to have you pay X amount toward your balance (before finance charges). Also most companies have a rule (should be law next year I think) that your payments apply to higher APR balances first. Be sure and keep up w/ the minimum payment amount as if you default or are late at all you will lose your 0% deal on your trip.

Hope that helped a little.

 

[ILoveDisney-Angie]

Another thing that you might want to keep in mind is that you definitely want to have that balance paid off in 6 months. My Chase Disney Visa interest rate has recently been raised to 31.99%. I was never late on payments and always made more the minimum payment. I have heard several more people complain about Chase upping their interest and/or minimum payments. I now refuse to use that card and am trying hard to pay it off - and that was my favorite card because it earns points at Disney. Be careful.

 

[Tam1067]

I've done this many times. I have never paid a finance charge.

If you pay your balance in full each month, just continue to do that for your new charges. It's up to you if you pay off all, part, or none of the 0% package for those six months.

As Pirategirl says, the 0% portion is very clearly separated on the statement, so you will know exactly how much of the balance you have in the 0% portion as well as when that six month interest free period is over. You do not need to contact Chase.

Be aware--if you return something, the return gets applied to the 0% portion of your balance, so if you want to avoid all finance charges, you will need to pay the new charges in full, regardless of any returns.

 

[Disneyvirg]

BE CAREFUL!!!

I have the Disney VISA. I thought the 0% financing would work like my other CC - it does not!

I charged my $200 deposit to my card. I figured I had 6 months to pay that, so I paid my full balance less the $200 Disney portion since I pay my charges off every month. Chase applied my payment towards the Disney $200 first, then I had a finance charge for two months for the remaining balance of non-Disney $200. I called them, but they explained that was the way the card is set up. I was pretty ticked, but there wasn't anything I could do at that point. Live and learn...and pass along my new knowledge on the DIS!

Good luck!

 

[wdw.dreamer]

Thanks for the replys.

I normally pay off my balance each month, but would like the extra time to pay off the cost of the vacation.
We normally book through a room only reservation so we have normally been able to wait and pay upon arrival, but wiht booking a package this time I didn't realize that I had to pay in full within 45 days of arrival. I just booked for October last week, and my 45 day mark is in 3 weeks!!
But it sound like it should all be OK with the 6 months 0% as long as I keep everything else paid off

 

[Sandisw]

BE CAREFUL!!!

I have the Disney VISA. I thought the 0% financing would work like my other CC - it does not!

I charged my $200 deposit to my card. I figured I had 6 months to pay that, so I paid my full balance less the $200 Disney portion since I pay my charges off every month. Chase applied my payment towards the Disney $200 first, then I had a finance charge for two months for the remaining balance of non-Disney $200. I called them, but they explained that was the way the card is set up. I was pretty ticked, but there wasn't anything I could do at that point. Live and learn...and pass along my new knowledge on the DIS!

Good luck!

That stinks for you. Did you wait to pay the full balance (without the $200) until after you got the statement? If you did, then you should have gotten the deal.

If you paid off the charges you made before you were actually billed for them, then they take it from the Disney first.

Some make the mistake and pay off during the cycle and this will cause the lowest paid balances to be paid first.

The other piece, I believe (correct me if I am wrong) is that you have to pay a part of the Disney balance as well. I have my DVC purchase on the card and pay my charges and 1/6 of the DVC balance each month. I have yet to get finance charges and I am going on month 5.

 

[francie57]

We have used our DV severaly years now for our trips. I just take the cost of the Disney trip that is charged and divide it by 6 and send in a sixth of the payment each month plus any charges made that month. I have never had a problem doing it this way. I just make sure that my payment is received several days before the due date. We have charged our $200 deposit and I took two months to pay that off and just made my monthly payment for any new charges plue the extra $100 and it was applied without any trouble.

 

[Disneyvirg]

That stinks for you. Did you wait to pay the full balance (without the $200) until after you got the statement? If you did, then you should have gotten the deal.

If you paid off the charges you made before you were actually billed for them, then they take it from the Disney first.

Some make the mistake and pay off during the cycle and this will cause the lowest paid balances to be paid first.

The other piece, I believe (correct me if I am wrong) is that you have to pay a part of the Disney balance as well. I have my DVC purchase on the card and pay my charges and 1/6 of the DVC balance each month. I have yet to get finance charges and I am going on month 5.

I always pay the entire statement amount online a day or two before my payment due date. So the time I thought I had 0% for Disney, I paid my balance - for example:

Non-disney purchases = $500
Disney downpayment = $200

I paid $500. The rep at Chase told me they applied my $500 as follows:
Disney portion = $200
Non-disney portion = $300

This left a $200 balance of non-Disney purchases and resulted in my first finance charges on the card. I tried arguing my point with her, but she pointed to something in the policy language which showed that this is how they process. What alerted me to this was a thread on the DIS discussing other people having this problem.

The way I understand it, is if you only use the card for qualifying Disney purchases, then you shouldn't have a problem with the 0% deal. Otherwise, you're SOL.

 

[miprender]

We pay off our balance too every month and I was afraid they would do just what happened to the PP. Luckily I had the money and paid off the balance in 30 days.

Very misleading about the no interest for 6mths. And 30+% is outragous.