Dues question

[disneychick05]

Our annual dues are taken out of our checking on a monthly basis. If I call MS can I find out what I owe for the rest of this year and just pay it off? Thanks!

 

[Maistre Gracey]

I would think you could call member accounting and do that. Just a reminder, as I'm sure you already know, there is no interest on paying dues monthly, so there is no benefit to doing that unless your trying to rack up awards on your credit card.

MG

PS- Love your sig!!

 

[pumpkinboy]

Originally posted by Maistre Gracey
I would think you could call member accounting and do that. Just a reminder, as I'm sure you already know, there is no interest on paying dues monthly, so there is no benefit to doing that unless your trying to rack up awards on your credit card.

And even then, the rewards on your credit card (eg $1 for every $100 spent on Disney Visa), is far outweighed by the money spent on interest costs. For example, when I did the comparison on my dues, I used my home equity rate of 3.75% (nice 'n low) as the alternative use of the money; I came out with $9 Disney bux vs maybe $17 interest costs. So nice as it is to have rewards on your credit card, the interest free payment plan is a really good deal (unless you have no other debt, not even a mortgage).

Just my finance wonk's $0.02.