Getting closer, a few more ?'s about the first step into DVC

[Sandisw]

Hi -- do you happen to know the standard disney visa interest rate after the 6 months? Also, if you continue to have charges after the 6 mo. period, do you then have to pay interest on the whole initial balance? (Some credit card companies do that. In other words, you have to pay off the entire initial balance, and if you don't, you retroactively get charged interest for the entire amount, even though you paid it off. Usually not that much, though, since you paid it off quickly.)

The standard rate for purchases on the Disney Visa varies and is not the same. I think it is based on the individual. We have two Disney Visas and the interest rate for purchases is different on each.

I believe that if you do not pay the entire deferred balance off by the end of the 6 months, you will owe all the interest. But, if you are concerned about this, ask Disney to submit the amounts in multiple payments (my deposit was automatically done this way--it was billed as two charges).

Each one will be treated separately (since they are separate charges). This way, if you didn't get it all paid off, your retroactive interest would only be on the specific charge that didn't get paid off.