New Disney Visa "Inspire" card

[AttheParks]

My closing was yesterday. Received the $300 credit for spending $1,000 immediately a couple weeks ago. I haven't received the $100 for renewing my annual pass on 2/19. Hope it posts soon!

 

[Lorana]

Is 0% financing on Disney cruise purchases a perk of the card? If so, how do you activate it?

I’m guessing WDW LLs? We’ve probably hit the $200 on hard tickets and LLs at this point (each!) but all at DLR.

All Disney Visa cards offer the 0% financing if you pay the cruise vacation with your Disney Visa. It does not count for purchases made onboard the cruise, however.

And, Yes, WDW LLs.

 

[HyperspaceMountainPilot]

All Disney Visa cards offer the 0% financing if you pay the cruise vacation with your Disney Visa. It does not count for purchases made onboard the cruise, however.

And, Yes, WDW LLs.

I can see now on my statement that there is some sort of special balance amount— but it’s a few purchases made on different dates— do I just need to keep track of how much I have to pay by when or is there a way to look that up?

 

[RuntheMouse]

I can see now on my statement that there is some sort of special balance amount— but it’s a few purchases made on different dates— do I just need to keep track of how much I have to pay by when or is there a way to look that up?

On your statement, it should tell you the expiration of the 0% financing. It will also give you your minimum payment as well as an interest saving payment. If you pay more than that amount, it will tell you that you are prepaying on your special offer.

 

[eticketplease]

I can see now on my statement that there is some sort of special balance amount— but it’s a few purchases made on different dates— do I just need to keep track of how much I have to pay by when or is there a way to look that up?

As @RuntheMouse stated it is the Interest Saving Payment.

As long as you pay that there will be no interest until it tells you the interest period is up somewhere on your statement.

Unlike some credit cards that offers 0% interest, Chase does not divide your purchase by six to add to that payment amount. Basically the amount of the interest savings payment is the amount of all your purchases that don’t qualify for 0% interest plus one or two dollars.

If you’re trying to do a budget, take the number in the interest balance and divide by five and pay that amount in addition to the interest savings payment for no surprises otherwise you can just keep that money in a HYSA and pay the whole thing when due.

 

[gottalovepluto]

If I call, can I get them to charge the entire stay to my card now and not just the deposit?

Yes. They can charge any amount you want up to the remaining balance due.

 

[HyperspaceMountainPilot]

As @RuntheMouse stated it is the Interest Saving Payment.

As long as you pay that there will be no interest until it tells you the interest period is up somewhere on your statement.

Unlike some credit cards that offers 0% interest, Chase does not divide your purchase by six to add to that payment amount. Basically the amount of the interest savings payment is the amount of all your purchases that don’t qualify for 0% interest plus one or two dollars.

If you’re trying to do a budget, take the number in the interest balance and divide by five and pay that amount in addition to the interest savings payment for no surprises otherwise you can just keep that money in a HYSA and pay the whole thing when due.

This is great, thank you! I usually don't carry any balance on a credit card and often the 0% rates end up being a gotcha, but I did once take advantage of a Chase offer to pay over time (with no fees or interest as a teaser) and was able to just pay the "interest saving balance" over time (I think buying DVC actually, lol)-- so it looks like this is basically the same system, which is extremely user friendly, I just need to remember to set up the default payment to interest saving balance and not total balance, and I can leave my money in t-bills longer!

 

[Lorana]

I can see now on my statement that there is some sort of special balance amount— but it’s a few purchases made on different dates— do I just need to keep track of how much I have to pay by when or is there a way to look that up?

The easiest way to look it up is to check your statement. At the bottom of the statement, there's a summary of all special financing. If it was several purchases over a statement period, they'll just add it up and give you a total with the date that the financing ends.

A really important thing to note -- my experience has been that Chase does NOT include the coming-due balance of special financing in the "interest savings balance." What this means is that the month your payment is due for the 0% financing, you have to remember that it is due, as it won't reflect in that interest savings balance amount. Usually the date is your statement end date (as opposed to your payment due date).

Also, sometimes if the purchase was very close to start of the statement, sometimes they give you only 5 months instead of 6 -- though I suppose you could look at this in the reverse and say that sometimes payments made in prior month near start of statement period get 7 months instead of 6. ;-)

I have a spreadsheet I used to track finances, and so I have a listing there of any 0% offers on cards that we've taken advantage of so I can more easily check due dates and amounts.

 

[AttheParks]

Just received the statement credit for my ticket purchase from 2/19.

On another note-saw an offer on my Chase page for 30% cash back on Sam's Club membership purchase. up to $20 online only. The language is vague, not sure if that means to purchase a membership or can be used to buy items online. Would be a good deal if includes eDGC.

 

[mlittig]

I had 4 to 5 pending charges on my new Inspire card that have been sitting there all weekend! Several of them would have put me over the spend $1,000 in the first 3 months, get the $300 statement credit. Today they finally posted and there was a note that it could take 6 to 8 weeks for the statement credit to be applied. But the $300 statement credit was already applied today

 

[airjay75]

A really important thing to note -- my experience has been that Chase does NOT include the coming-due balance of special financing in the "interest savings balance." What this means is that the month your payment is due for the 0% financing, you have to remember that it is due, as it won't reflect in that interest savings balance amount. Usually the date is your statement end date (as opposed to your payment due date).

Chase is actually unique in that if you pay the Interest Savings Balance every month, you will not be charged any interest. I recently tested this with my DVC purchase which qualifies for the 0% 6 months financing rate. So, even though the expiration date on the promotional rate will be the end of your 6th statement period, you will actually get an additional month to pay that balance as that is when it will be reflected in your Interest Savings Balance.

When Chase says paying the Interest Savings Balance by your due date every month to avoid paying interest on new charges AND to avoid paying off any promotional balances early, they actually mean it. I'm not aware of any other bank that does that with their credit cards and promotional rates.

 

[MattB2G]

I had 4 to 5 pending charges on my new Inspire card that have been sitting there all weekend! Several of them would have put me over the spend $1,000 in the first 3 months, get the $300 statement credit. Today they finally posted and there was a note that it could take 6 to 8 weeks for the statement credit to be applied. But the $300 statement credit was already applied today

Yeah, I hit the $1000 requirement this weekend and the $300 credit hit my account the next day....... too bad it wasn't enough to cover my Disney Tickets.

 

[Lorana]

Chase is actually unique in that if you pay the Interest Savings Balance every month, you will not be charged any interest. I recently tested this with my DVC purchase which qualifies for the 0% 6 months financing rate. So, even though the expiration date on the promotional rate will be the end of your 6th statement period, you will actually get an additional month to pay that balance as that is when it will be reflected in your Interest Savings Balance.

When Chase says paying the Interest Savings Balance by your due date every month to avoid paying interest on new charges AND to avoid paying off any promotional balances early, they actually mean it. I'm not aware of any other bank that does that with their credit cards and promotional rates.

Wait, really?? I just thought it wasn't included in the calculations! So when it expires, I actually have until the payment date of the next statement period to pay it off??

 

[airjay75]

Wait, really?? I just thought it wasn't included in the calculations! So when it expires, I actually have until the payment date of the next statement period to pay it off??

Yes, I can confirm unequivocally that that is true. My 0% promo rate on over $50k expired on the last day of my statement in mid-January. After the statement closed, my Interest Savings Balance included the amount remaining in that promo balance plus any new purchases. I paid that entire amount on my due date in mid-February and was not charged any interest or fees whatsoever.

 

[DaviVascaino]

so if you don't go to Disney at least once a year, the card is not worth it, since it has a $150 annual fee???

 

[#1Disfann]

so if you don't go to Disney at least once a year, the card is not worth it, since it has a $150 annual fee???

If you have Disney+(Hulu) you get a 10$ statement credit each month 120$ per year) basically offsetting that to a 30$ annual fee which is less than the Premiere version of the card. You also earn 10% rewards on Disney+ & Hulu purchases....3% on gas, etc. making it at least a better version than the Premiere.

 

[chri3060]

Card approved Feb 11. First payment is scheduled for Apr 7.

I am another of our test cases. My $2k+ purchase was Disney Dining Plan on a DVC stay. Same here: instant $300 statement credit and we will see about that $200 bonus.

Empirical finance!

Hi Zubon! Any update on the DDP counting towards the $2k resort spend?

 

[AquaDame]

If this is for a cruise the folio charges won't work there so you can use your gift cards to pay for merch or other add-ons.

It does not count for purchases made onboard the cruise, however.

Well that's annoying... wonder why that specifically is called out? So it does not qualify for 0% financing, but does it count towards the spend to 200 Disney reward dollars? It may not even matter tbh, we're going to DL for a couple days in April and will be at Aulani this Christmas, I'm sure I'll find a way to spend 2K between the two one way or another.

I've never had a Disney card before, but the free $600 at the very least makes this seem like a no-brainer. I could cancel before the $149 fee comes up again, but odds are it'd be at least a wash year to year since we tend to hit one theme park or another every year.

 

[Dawn Albert]

I had registered for the Wine & Dine Half and taken a short trip to WDW before my Inspire card arrived and was slightly annoyed with the timing but . . . . . . thanks to info on this board I just "paid myself back" using rewards credit from my already existing regular Disney visa and paid for the race, dinner at French Quarter, drinks at Dahlia Lounge, some pins plus all of my Disney outlet shopping purchases! Shoutout to eticketplease as I went through the math, thank you!

Whoohoo!

 

[Zubon]

Hi Zubon! Any update on the DDP counting towards the $2k resort spend?

My statement has not closed for the first month. I will update in a week or two when it does.