How to pay Annual Due Balance

[rothesay]

I have closed on my first DVC resale contract approximately a month ago. Can anyone share with me whether DVC will be sending me an invoice for the annual dues or I have to logged into my account to pay that amount? And what is the due date? Is it January 1?

Many thanks

 

[maburke]

Look closely on your closing documents. Sometimes, when the closing is close to the end of the year, the dues are paid at closing. If not, check your account. I found that they did not send me anything extra about a new contract that closed in November, that it was just added on to the bill. The due date is January 15, and late fees set in after February 14. (And they are serious about that, so don't be late!)

 

[LisaS]

The 2017 dues bills will be arriving soon. I haven't received mine yet but expect to see it before the end of the year. If you don't receive one in the next couple of weeks, you can view it online by logging into your DVC account.

 

[LisaS]

I just logged into the members' website and my dues bill is already posted there. After you log in, hover over "My DVC Membership" and in the menu that appears, select "Annual Dues".

 

[rothesay]

Thanks for the information. I will look into it when I get home tonight.

 

[BillPA]

I checked on my dues and if I take the listed monthly amount time 12 it looks like they are adding $48/$4 month to the annual fee. Is this new?

 

[supersnoop]

I checked on my dues and if I take the listed monthly amount time 12 it looks like they are adding $48/$4 month to the annual fee. Is this new?

You'll need to read the entire statement. There be be some extra charges from last year's estimated taxes.

 

[LisaS]

I checked on my dues and if I take the listed monthly amount time 12 it looks like they are adding $48/$4 month to the annual fee. Is this new?

DVC doesn't have the actual property tax figures at the time they determine the dues for the coming year so they use an estimate. When the actual tax is determined, the estimate we paid may be too high or too low. If the estimated property tax for 2016 was less than the actual tax, the additional amount you owe is due in January 2017 and is added to your dues bill. If you pay your dues monthly, the lump sum is added to the January payment. If the estimated tax was too high, they subtract the overpayment from the total dues for the next year and divide that amount by 12, spreading the underpayment amount over the entire year.

Your dues bill will indicate whether you have a credit or an amount due for the difference between the estimated property tax for 2016 and the actual tax amount for 2016. I suspect that will account for the difference you are seeing.

 

[BillPA]

Thanks, after all these years you would think I would remember about the actual tax being different than what was collected during the year. Ah... one more perk of growing older. LOL

 

[drusba]

For those looking online, make sure you look at the 2017 dues bill. When you go to the Annual Dues Statement page, what is shown is the 2016 bill so you have to go to the top right "Statement Year" and switch to 2017. Most probably realized that quickly but it took me more than 5 minutes before I realized the bill I was looking at showed the same exact amount I paid in 2016.

As to any new owners, if you can already get online, then your bill should also be there with a dues date of January 15, but no late fee if paid by Feb 14. If you wanted monthly withdrawal from your checking account, you needed to set that up after closing and I do not know whether you can still do it this late for 2017.

Having some small addions, or even small subtractions, are common. An addition covers an underpayment of property taxes in the prior year and a subtraction covers an overpayment (and we have had both in the past).

 

[buzzrelly]

I have my annual dues deducted from my checking account each month. If I just paid them in full on my Chase Disney card would I earn 2%? Also, is it possible to have them automatically charge my Disney Card each month INSTEAD of deducting from my checking? I would like to earn the points if I could but I'm not sure if I want to pay it in full right now. Thanks!

 

[DebbieB]

I have my annual dues deducted from my checking account each month. If I just paid them in full on my Chase Disney card would I earn 2%? Also, is it possible to have them automatically charge my Disney Card each month INSTEAD of deducting from my checking? I would like to earn the points if I could but I'm not sure if I want to pay it in full right now. Thanks!

Not sure about the 2% but the monthly deduction is only available from a bank account.

 

[Disneybuckeye]

Yes, you receive the 2% credit if you pay them using the Chase Disney Visa that gives you 2% back on Disney purchases.

 

[LisaS]

I have my annual dues deducted from my checking account each month. If I just paid them in full on my Chase Disney card would I earn 2%? Also, is it possible to have them automatically charge my Disney Card each month INSTEAD of deducting from my checking? I would like to earn the points if I could but I'm not sure if I want to pay it in full right now. Thanks!

If you pay your dues in full at the start of the year, Disney allows you to pay with a credit card. I guess they are willing to lose 2% to 3% to the credit card company in exchange for getting all the money for the whole year up front. If you prefer to "pay as you go" (monthly), then they apparently don't want to lose that 2% to 3% each month, so they won't charge the monthly payment to a credit card.

If money is tight at the start of the year, you can use autopay for the first month or two, then pay off the balance with a credit card to get at least some of the points, but you must pay the entire balance. You cannot make partial payments with a credit card.

 

[kristenrice]

If you pay your dues in full at the start of the year, Disney allows you to pay with a credit card. I guess they are willing to lose 2% to 3% to the credit card company in exchange for getting all the money for the whole year up front. If you prefer to "pay as you go" (monthly), then they apparently don't want to lose that 2% to 3% each month, so they won't charge the monthly payment to a credit card.

If money is tight at the start of the year, you can use autopay for the first month or two, then pay off the balance with a credit card to get at least some of the points, but you must pay the entire balance. You cannot make partial payments with a credit card.

If you want the convenience of "pay-as-you-go" and also earn your credit card rewards, set up a bank account and "pay" your dues to that account every month. Then, when January rolls around, use your credit card to pay the lump sum, earn your rewards, and pay off the credit card from the bank account.

This has worked very well for me since we joined in 2008. I pay myself $40 out of each paycheck. Then, I use the money in the account to buy gift cards from Target at a 5% (or more!) discount. When it comes time to pay the dues, I use the Disney gift cards and any additional funds needed come from the bank account. With this system, I am not earning the 2% rewards from my credit card, but I am saving at least 5% off of the cost of our dues. For the past 2 years, Target has ran a promotion around the holidays where you can buy a Target gift card for 10% off. Since this promo is often run late in the year, you have the potential to maximize your savings since you should have at least 10 months of "dues funds" in your account already.

 

[Dean Marino]

An update....

The DVC Website is AGAIN having issues.

Scenario: You attempt to pay online with a CC. Your CCV STARTS with a ZERO. FAIL - known issue with the DVC Website. You will see a CC Charge, followed within seconds by a CC debit.

The problem: DO NOT KEEP DOING THIS - your CC company, if they are good, will LOCK your account - perceiving an attack.

Instead? IF you have a CCV starting with a "Zero"? CALL CALL CALL CALL... Happened to us, Agent asked RIGHT out if our CCV started with a Zero, fessed up ("IT is having an issue")..... Basically? If your CCs CCV starts with a ZERO - CALL Member Services. Online Billing is broken. Again.

All personal opinion - I'm not necessarily right, no one else is necessarily wrong - do what you choose to do.