Just Paid My Dues

[miTnosnhoJ]

No, but in exchange for allowing us to "pay as we go", the only payment option is direct debit from a US bank account. If you pay in advance (either in full in January or by making partial payments throughout the year), Disney accepts payments by gift card, rewards card, credit card, etc. and eats the processing fee.

That is good to know. I thought I had to pay the entire balance in January if I were not doing monthly debit.

 

[Tinkerbell58]

You could set up monthly payments instead. Then it won't come out all at once especially when the bills from the holidays are coming in.

Yes, I realize that's an option. Fortunately, I have a Christmas club that I use to pay the dues all at once in January with a little extra to pay off the Christmas bills.

 

[LisaS]

That is good to know. I thought I had to pay the entire balance in January if I were not doing monthly debit.

If you're not signed up for monthly payments, you do have to pay in full no later than Feb 15. But if you sign up for monthly payments, you can pay off some or all of the balance at any time during the year, to take advantage of discounted gift cards or to get credit card rewards.

Looking back at what I wrote, I see that it was confusing. Sorry about that! I just updated it with what I hope is a less confusing explanation.

 

[ILoveMyDVC]

Ouch. It always stings a little bit.

Went from $56/pt (1994) to $193/pt

 

[Bellecruiser]

Hola all, $56 1994 dollars adjusted for inflation is $94.48 today vs $193/pt. (ILoveMyDVC’s Actual cost) What do you think accounts for that other than Disney GREED? I think the facilities are older, and require more upkeep. I for one think it is a good thing to keep up with it. I just hope they aren’t telling new buyers that upkeep won’t cost much over the life of the contract.

 

[Shelly F - Ohio]

Love paying our dues with our Chase Reserve card and getting a $300 travel credit from the credit card company. DVC dues are coded with the credit card company as travel expenses so we get the $300 credit when we pay our dues. Then we rent out one of our 50 point contracts for $15 a point and that offset the cost of the dues.

 

[miTnosnhoJ]

If you're not signed up for monthly payments, you do have to pay in full no later than Feb 15. But if you sign up for monthly payments, you can pay off some or all of the balance at any time during the year, to take advantage of discounted gift cards or to get credit card rewards.

Looking back at what I wrote, I see that it was confusing. Sorry about that! I just updated it with what I hope is a less confusing explanation.

I just tried to make a partial payment with a credit card. Here is the message I received.

Partial payments made to contracts already enrolled in Auto-Pay must be paid with a Disney Gift Card or Disney Rewards Redemption Card.

Please select a different payment method or deselect the partial payment for the contract already enrolled in Auto-Pay.

 

[Pluto80]

Can you pay monthly if you’re outside the US?

 

[fitnessmouse]

Can you pay monthly if you’re outside the US?

You need a US bank account for paying monthly

 

[Pluto80]

You need a US bank account for paying monthly

Thank you. I don’t have one of those, not sure if it’s possible to get one if you’re outside the US.

 

[GaSleepingBeautyFan]

I just paid mine too. I only have 155 points though so it's not as painful as it could be!

 

[LisaS]

I just tried to make a partial payment with a credit card. Here is the message I received.

Partial payments made to contracts already enrolled in Auto-Pay must be paid with a Disney Gift Card or Disney Rewards Redemption Card.

Please select a different payment method or deselect the partial payment for the contract already enrolled in Auto-Pay.

Thanks for the update on this. The time I made a partial payment with a VISA card, it may have been a VISA gift card rather than a credit card, so perhaps that's why it worked. Also, I did it over the phone rather than online.

I guess if I want credit card reward points, I either have to pay off the balance in full or for a partial payment, use my credit card to purchase Disney gift cards, then apply the gift cards to my balance.

 

[KAT4DISNEY]

I've been wondering what this message on the member website means?

"Auto Pay for International DVC Members

For our International DVC Members who have opted for Auto Pay, we have updated the statements to reflect this payment method."

Still requires a US bank account or has DVC changed something?

 

[JETSDAD]

.

 

[KAT4DISNEY]

I just took a look and it appears that we can now set up monthly payments. The only payment option seems to be credit card. Nice to have this option now (not sure if we will do that or just pay annually).

Thanks for looking! Very nice to finally have that option rather than having to establish a US bank account. I'm guessing it's just for international as it hasn't otherwise been brought up by others setting up auto pay.

 

[Ben E N]

Hola all, $56 1994 dollars adjusted for inflation is $94.48 today vs $193/pt. (ILoveMyDVC’s Actual cost) What do you think accounts for that other than Disney GREED? I think the facilities are older, and require more upkeep. I for one think it is a good thing to keep up with it. I just hope they aren’t telling new buyers that upkeep won’t cost much over the life of the contract.

Disney is a publicly traded company. As a stock holder of theirs, I demand that they be as greedy as possible. As long as we live in a Captalistic society, Disney needs to take full advantage. If people don't want to pay those prices, they do not have to.

 

[miTnosnhoJ]

Thanks for the update on this. The time I made a partial payment with a VISA card, it may have been a VISA gift card rather than a credit card, so perhaps that's why it worked. Also, I did it over the phone rather than online.

I guess if I want credit card reward points, I either have to pay off the balance in full or for a partial payment, use my credit card to purchase Disney gift cards, then apply the gift cards to my balance.

It does allow you to pay each contract separately. But you have to pay the whole amount for each contract. At least this allowed me to use my Chase Sapphire Reserve for one contract to try to get the $300 and my other visa for the rest. The transaction seems to code as “timeshares” rather than travel, so I am not optimistic.

 

[Bellecruiser]

Disney is a publicly traded company. As a stock holder of theirs, I demand that they be as greedy as possible. As long as we live in a Captalistic society, Disney needs to take full advantage. If people don't want to pay those prices, they do not have to.

My apologies for not being clearer. I don’t mind Disney making a profit either, and was being sarcastic about “greed.” I didn’t know that dues could be a profit center, though.

However, I think there is more going on here than using dues as a revenue stream. The increase over time is way beyond the inflation rate (I know someone here is smart enough to do the math). So I think what the dues is covering, or the scope of the dues, has changed significantly. I know they are having to refurbish more frequently, for example, and they have been transparent about it. I bet they knew they were going to have daily trash pickup, and put the cost for that in 2018, for example. I see that as a scope change.

I’m just trying to figure it out. I hope DVD are clear when they are selling contracts. Would you have bought if you had known your dues would increase around 244% in 23 years vs an inflation rate of 69% (if I’m doing the math right)? I thought they would go up based on inflation, and the occasional repair from hurricanes.

 

[Ben E N]

My apologies for not being clearer. I don’t mind Disney making a profit either, and was being sarcastic about “greed.” I didn’t know that dues could be a profit center, though.

However, I think there is more going on here than using dues as a revenue stream. The increase over time is way beyond the inflation rate (I know someone here is smart enough to do the math). So I think what the dues is covering, or the scope of the dues, has changed significantly. I know they are having to refurbish more frequently, for example, and they have been transparent about it. I bet they knew they were going to have daily trash pickup, and put the cost for that in 2018, for example. I see that as a scope change.

I’m just trying to figure it out. I hope DVD are clear when they are selling contracts. Would you have bought if you had known your dues would increase around 244% in 23 years vs an inflation rate of 69% (if I’m doing the math right)? I thought they would go up based on inflation, and the occasional repair from hurricanes.

Dues cannot be part of the revenue stream. Direct sales cash is the only source that I am aware of.
The only way that dues could help Disney at all is by paying for more staff, which Disney could then somehow use as a tax write-off, or something along those lines. I doubt they are trying to trick us all that badly, though.
More likely insurance rates have increased well beyond the rate of inflation. We have certainly seen that happen. Property taxes, too. The better Disney World does compared to the rest of the economy, the more it worth compared to the rest of the country, so buildings on their property are taxed at a higher increase.
When i bought in this year, I bought knowing that these increases will outpace inflation, but not by a huge chunk all at once. I am also aware, though, that I will not be hit with any special assessments like owners of other timeshares can have.
Yes, DVC is expensive, but it is showing that the expense is worth it in the long run, as is evidenced by the higher buy-in costs despite less years remaining at all the resorts, and the higher MFs then when people initially bought in.

 

[Bellecruiser]

Very good points...insurance rates and property taxes! I was astounded more than complaining.