Pay Yourself Back with Disney Visa vs. using a Rewards Card

[Bellex917]

One more Q for the pros...

Let's say I go to Disney and come home on the 18th of the month. My credit cycle goes through the 12th. So, do I need to wait until the 12th for those rewards to officially post to pay myself back and keep the rewards, or can I pay myself back prior to the credit cycle ending? I usually pay my credit card off the day I return home from a vacation so I know it's all done and paid for, I don't wait for the billing cycle to end. However, if I choose to do the PYB my reason would be to earn the points on those purchases, so I don't want to NOT bc I paid them early.

 

[disneychrista]

For those that are confused about @eticketplease explanation, this might help.

I had $0.50 left on my DVC dues after using gift cards. I charged the $0.50 to my Disney visa, and $0.01 in rewards is pending on my account. I then used PYB to wipe out the $0.50, and the $0.01 in rewards is still pending. I expect to see that penny added to my rewards at my statement close.
(This is not about earning a penny - I couldn't care less about the 50 cents or the penny. It is just a data point.)

Now, maybe I am misunderstanding the conversation above, because some of it was hard to follow (read it quickly), but it seems as if you do earn rewards on anything you purchase, even if you use PYB to pay for it.

I will be curious if that penny is actually posted or not. Because everything I have read says the total rewards you get is based on your statement balance (purchases less any credits) What I posted above, if you read past what I highlighted, states that if your statement balance is negative they will deduct rewards. My experience shows that this is the case.

 

[trenty]

I will be curious if that penny is actually posted or not. Because everything I have read says the total rewards you get is based on your statement balance (purchases less any credits) What I posted above, if you read past what I highlighted, states that if your statement balance is negative they will deduct rewards. My experience shows that this is the case.

I haven’t used PYB in a long while, so I don’t really remember. I am confident that the penny will post. I will check when the statement closes. I have always understood that rewards are based on purchases (minus any returns), not statement balance on closing date.

If what you state is true - one would not get rewards if charges are paid off before a statement closes. I often have a zero balance since I pay off my cards every ten days or so. I have always gotten full rewards from Chase even though my statement balance is usually $0.

 

[disneychrista]

I haven’t used PYB in a long while, so I don’t really remember. I am confident that the penny will post. I will check when the statement closes. I have always understood that rewards are based on purchases (minus any returns), not statement balance on closing date.

If what you state is true - one would not get rewards if charges are paid off before a statement closes. I often have a zero balance since I pay off my cards every ten days or so. I have always gotten full rewards from Chase even though my statement balance is usually $0.

You are correct. I have never paid my balance before my statement closes, so I didn't take that into account. What I am meaning is that you get rewards paid on the net of your purchases minus returns, refunds & credits. PYB would post like a credit, reducing your net. $1350 in purchases - $150 PYB statement credit would net $12 in rewards. I would be happy to be incorrect in my interpretation of this. But I can't imagine it works in any other way. I wish I could easily test this out but I don't have any charges that would qualify for PYB.

 

[trenty]

You are correct. I have never paid my balance before my statement closes, so I didn't take that into account. What I am meaning is that you get rewards paid on the net of your purchases minus returns, refunds & credits. PYB would post like a credit, reducing your net. $1350 in purchases - $150 PYB statement credit would net $12 in rewards. I would be happy to be incorrect in my interpretation of this. But I can't imagine it works in any other way. I wish I could easily test this out but I don't have any charges that would qualify for PYB.

I will let you know if I get my penny after my statement closes in about a week. PYB is essentially a payment, so I expect to get the reward.