Financing with Disney Visa

[rafiki14]

Can anyone give me a Disney Visa 101 class on this?

Just paid my $200 deposit with my Visa card. Is that now 6 months 0% interest before I need to pay it?

And then on my due date for the rest of the amount (July 15 or so).... Can I pay with the visa and get another 6 months 0% interest?


TIA!

 

[robin09]

Can anyone give me a Disney Visa 101 class on this?

Just paid my $200 deposit with my Visa card. Is that now 6 months 0% interest before I need to pay it?

And then on my due date for the rest of the amount (July 15 or so).... Can I pay with the visa and get another 6 months 0% interest?


TIA!

I do this with each vacation.... You will need to make a minimum payment each month, just be sure to pay the 200 before the end of 6 months. Then charge what you could afford to pay off in 6 months... another Free interest period.... I've done that and paid off my cruise without interest... Have fun

 

[rafiki14]

What separates the $200 from my other charges on the card?

Say I pay off all my charges for the month.... and want to pay of $25 of the $200...

Can I do that?

 

[robin09]

What separates the $200 from my other charges on the card?

Say I pay off all my charges for the month.... and want to pay of $25 of the $200...

Can I do that?

I'm not 100% on that, I use my card for our vacations only... sorry

 

[rafiki14]

I'm not 100% on that, I use my card for our vacations only... sorry

No problem... Thank you anyway!

 

[girli565]

I believe the way the CC will do it is all payments will go to the 0% APR balance first. Most Ccs do it this way so they can get as much APR from the other things you charge.

 

[juliebug]

I believe the way the CC will do it is all payments will go to the 0% APR balance first. Most Ccs do it this way so they can get as much APR from the other things you charge.

Nope not true any more. laws changed, Now your money goes first to higher interest part then to lowest interest.

i have my 200 balance on and my payment goes first to my purchases then to my $200 deposit.

 

[Claire&TheBoys]

Nope not true any more. laws changed, Now you money goes first to higher interest part then to lowest interest.

i have my 200 balance on and my payment goes first to my purchases then to my $200 deposit.

This is correct. The transactions with "special financing" show up in a separate box on the statement and as long as you pay more than your current charges, your account won't accrue interest. For example, you might have a sitation like this:

Current charges:
Target $75.00
Exxon $50.00
Disney $200.00

If you pay $150 on your account that month, you'd be left with $175 still interest-free. You won't accrue interest on anything.

Hope this helps!

 

[girli565]

Nope not true any more. laws changed, Now your money goes first to higher interest part then to lowest interest.

i have my 200 balance on and my payment goes first to my purchases then to my $200 deposit.

That's great! i hardly use my Disney chae anymore because I like the points from my Amex better. I should start using it again.

 

[rafiki14]

This is correct. The transactions with "special financing" show up in a separate box on the statement and as long as you pay more than your current charges, your account won't accrue interest. For example, you might have a sitation like this:

Current charges:
Target $75.00
Exxon $50.00
Disney $200.00

If you pay $150 on your account that month, you'd be left with $175 still interest-free. You won't accrue interest on anything.

Hope this helps!

This makes sense! Is there a minimum amount you have to pay on the 0% part? In this case... the $200

 

[schmcktgt]

What Claire said is exactly what happened for my vacation last year. The $ I paid went to the charges for that month first, and the extra $ went to the "Disney financing". It's broken out into a separate section of the card so it's really easy to keep track of it.

Enjoy your vacation!

 

[Marionnette]

This makes sense! Is there a minimum amount you have to pay on the 0% part? In this case... the $200

There is no way to really tell you what your minimum payment would be. Some people have lower minimum percent payments than others. Check the terms and conditions under your cardholder agreement. It should spell out what your minimum payments are (usually a set dollar amount OR a percentage of the outstanding balance, whichever is higher).

 

[rafiki14]

Thanks for all the help everyone!