I just got 0% financing on my DVC Down Payment

[nadiakim]

Ok, so last month when we bought into DVC I was very disappointed when I called my disney chase card and they told me the 0% was only for buying the magic your way vacation package. Because I already had a vacation package and switched to DVC so I was upset I lost that ability. I called Disney as well and pitched a fit. And now I just went online and they recently seem to have added DVC down payments as qualifiers for 0% Whoohoo. And sure enough it showed up on my statement. Thanks Disney!!!

 

[tjkraz]

AFAIK, that's a standing offer. Not sure why anyone would have told you otherwise. They should know better.

It's 0% for 6 months on DVC downpayments.

 

[nadiakim]

Not according to Chase or Disney. Both of whom I spoke very in depth with on the issue. I have the Disney Visa, that was no option on my account. Because I had looked before I called. I honestly dont know.

 

[DMKEDM]

Very glad you got your 0%...and credit card "sweetener offers" change all the time, so no doubt you're correct about your situation...

BUT...I've gotten 0% for six months five different times (for five add-on purchases)...They even broke up one add-on into two separate purchases so that I could get the 0% on the entire "buy" (it was capped at either $2500 or $5000, I forget which now)...

And I've read about several others getting the 0%, too...

One time I did this I couldn't remember "the process" so I called Chase and they told me, like they told you, that the offer wasn't valid...I just figured it was "over" and so no big deal...but my guide told me it's (or at least was) very much "real" and he got it for me...

Moral of the story: do the Disney Visa purchase w/your guide and you'll get the 6-month 0% payment time frame...

Glad you got yours!

 

[dzorn]

It's been this way for a long time.

Denise in MI

 

[nadiakim]

DMKEDM thats very interesting. Maybe these deals depend on your credit score or credit history kind of like balance transfer offers. What do you mean by Guide? Do you mean the person at DVC that sets you up? Because when I asked he didnt know and advised me to call Chase. And then chase only gave me some scripted speal and told me to call Disney and Disney gave me the same speal.

 

[erionm]

This is available to any Disney Visa cardholder and has been for several years.

Here's the perks page at disneyrewards.com:
http://disneyrewards.disney.go.com/credit/cardperks.html

Developer financing approval is not guaranteed. See the Disney Vacation Club Public Offering Statement for important information. If you use your Disney Rewards Visa Card on the purchase of a real estate interest in a select Disney Vacation Club Resort equal to a 160 or more vacation point Master Contract or a 100 or more vacation point Add On, the Daily Periodic Rate for the first 6 billing cycles following the date of the purchase is a promotional fixed APR of 0% provided that no payment on your account is past due at the time of purchase. The rate will apply to that portion of your purchase charged to your Disney Rewards Visa Card up to $10,000. After this promotional period, the applicable APR for purchases specified in your Cardmember Agreement will take effect on any Disney Vacation Club purchase balance remaining on your Disney Rewards Visa Card account. This 0% APR does not apply to Disney Vacation Club purchases made using any checks that access your account. Subject to these restrictions, use of your Disney Rewards Visa Card for the purchase of a real estate interest in a select Disney Vacation Club Resort equal to a 160 or more vacation point Master Contract or a 100 or more vacation point Add On is subject to the same terms and conditions, including rate and fees, as qualified Disney vacation package purchases. See your Cardmember Agreement for APR details. Offer subject to change or cancellation without notice. Restrictions apply

 

[wishicouldgomoreofte]

DMKEDM thats very interesting. Maybe these deals depend on your credit score or credit history kind of like balance transfer offers. What do you mean by Guide? Do you mean the person at DVC that sets you up? Because when I asked he didnt know and advised me to call Chase. And then chase only gave me some scripted speal and told me to call Disney and Disney gave me the same speal.

Too bad you were given the "speal". It shows up on the website, and as far as everyone knows, always has been a standing offer.
Well, all's well that ends well.
Glad you got it, and enjoy your DVC!
That is------WELCOME HOME!!

Edit to add--
I got Disney Visa Reward Card when it first came out, have Day One on my card.
It was a card perk back then, and I believe has been all along since. I have used it twice in the last few years.

 

[nadiakim]

Thanks everyone for the info. I kinda wish I had looked on here to ask you all back then. I have found such great information on here. I don't know why they gave me such a hard time.

Thanks for the well wishes. We are soo excited I've been wanting to join DVC since 07 and now we're finally home.

 

[LindaLeigh]

Does this offer apply only if you purchase directly from Disney, or is the offer also good on resale purchases of 160 points or more?

 

[palhockeymomof2]

Does this offer apply only if you purchase directly from Disney, or is the offer also good on resale purchases of 160 points or more?

Direct from Disney

 

[tjkraz]

Don't think you can even use a credit card on a real estate purchase like that. Maybe a cash advance but those are typically subject to a high interest rate and ineligible for any sort of rewards program.

 

[vicki_c]

Don't think you can even use a credit card on a real estate purchase like that. Maybe a cash advance but those are typically subject to a high interest rate and ineligible for any sort of rewards program.

I'm not sure I understand your comment Tim -because you can. I did it a few years ago - it was not a cash advance and I got Disney reward dollars for it from what I recall (because we had a lot of reward dollars that year). We didn't use a check which would be a cash advance (and it excludes those in the descriptions above) our guide just charged our down payment to the card.

 

[RachaelA]

We put our down payment on our Disney Visa and didn't get the 0% financing. Then we paid DVC off in two payments on our Visa and didn't get the 0% financing either. I didn't care because we were just paying it off anyways, but I thought it was odd we didn't get it. Even when you pay it off, it still lists it on your bill, but says you owe 0 (needing to be paid off by X date). Our DVC stuff was never listed there, but our previous trip was and so was our upcoming trip that we had canceled.

 

[maburke]

I'm not sure I understand your comment Tim -because you can. I did it a few years ago - it was not a cash advance and I got Disney reward dollars for it from what I recall (because we had a lot of reward dollars that year). We didn't use a check which would be a cash advance (and it excludes those in the descriptions above) our guide just charged our down payment to the card.

I think Tim is answering the question about resale. You can't get the zero interest, you can't even charge a resale directly to the card.

 

[vicki_c]

I think Tim is answering the question about resale. You can't get the zero interest, you can't even charge a resale directly to the card.

Thanks - that makes sense then. I kept wondering - how could Tim not know this? LOL. Now I see.

 

[tjkraz]

I think Tim is answering the question about resale. You can't get the zero interest, you can't even charge a resale directly to the card.

Yeah...resale. Sorry for being unclear.