Does anyone know if you can pay off your DVC purchase using a Disney Visa

[drakethib]

Here is the deal.

We did an addon earlier this year and financed through Disney so as not to tie up cash flow.

I am now wanting to pay it off but would like to do so with my Disney Visa if I could so that we can get the reward points.

Has anyone done this or know if it is possible?

 

[Good Ol Gal]

yep you sure can!

 

[wildernessDad]

Yep! You can do that!

 

[Eddie]

I am assuming you can did it on a different credit card as we got more $ back.

 

[drakethib]

Thanks All !

 

[Jeremy&Susan]

Then you can always add on with your reward dollars.

 

[DisDaydreamer]

Then you can always add on with your reward dollars.

Words of wisdom from the addicted.

 

[mydogdrew]

I would suggest you make sure that 1% is your best deal. We recently added on using the rewards cad for 10% down to get the $500 rewards bonus (just received - thank you) and put the 90% balance on a Citi card with a three month 5% promo cash return. We got another $850 back on this card. About a 7% rebate overall.

 

[hellerjw]

I'm also considering doing this.

I think the only gotcha from moving the loan to a credit card is that it would no longer be considered a "mortgage loan" and you could no longer write off the property tax amount on your taxes. This is usually a pretty small amount for most people so it may not be a consideration for you.

 

[hellerjw]

_

 

[mousestruck]

We took out a home equity loan to finance our DVC. I was planning to simply pay cash, but instead will charge the full amount on my Disney Visa to get the points, then pay it off in full right away. That gives me the dual benefits of tax advantage (interest on home equity loan) and reward dollars.