Paying off DVC with Disney Visa????

[anniet]

Just wondering if anyone has paid off a DVC loan with Disney Visa?

Can you do it through a credit card transaction and get the points or do you have to use a check, which I know won't get any points.


Has anyone done this?

 

[Disney Hot Mama]

I know when we bought resale we couldn't use the Disney Visa. Darn, as I really wanted the rebate for our upcoming trip. Not sure if your loan is with Disney if you can use this or not. I have a feeling you can though.

GOod luck

 

[CarolMN]

If you are talking about monthly loan payments or paying your annual dues monthly, no you cannot use Disney Visa or any credit card. You must have your account directly debited to use the monthly option.

You can charge your initial DVC point purchase to your Disney Visa, and if you pay your annual dues in one lump sum each year, you can also charge them to your Disney Visa.

IMHO, DV charges a pretty hefty interest rate. I wouldn't use it for either of the above unless I knew I could pay the entire amount right away - i.e., when the first statement arrived.

Best wishes -

P.S. The above applies to purchases made directly from Disney, not resale.

 

[arminnie]

If you buy direct and use Disney financing for DVC, you can put the remaining balance on your Visa (Disney or other) at anypoint.

I did this after my first month's payment, got the points, and then did a balance transfer to an account with no transfer fee and no interest for a year.

 

[lsutigger2]

And if you want to make payments to apply to the principal you can charge those to your Disney Visa. I agree about the interest rate. I only make an extra payment when we have "extra" to put on the loan.

 

[RAD]

I've used the Disney CC for both a one time principle payment and to pay off the rest of the balance, no problem.

 

[pumpkinboy]

Originally posted by anniet
Just wondering if anyone has paid off a DVC loan with Disney Visa?
Can you do it through a credit card transaction and get the points or do you have to use a check, which I know won't get any points.
Has anyone done this?

Yes you can do it! Just call up Member Accounting on the MS phone #, tell them you want to pre-pay your DVC loan using a credit card, and go to it! You get the rewards points, and if you pay off the balance right away, no interest charges on the CC.

If you're running a balance, or are going to run a balance on the Card, it is probably best not to do this, as the interest costs are likely higher on the CC than on the DVC loan.

If you have the cash to do it, then by all means pay the loan off with your Disney Visa, get the "rewards points", then pay off the CC with the cash you have set aside for it. Rewards Points are covering the cost of DD's Annual Pass this year.

 

[FreeTime]

I have been looking for ways to rack up some more rewards. I didn't know that you could make your monthly payment with a cc. Do you just write the account number on the slip? Or, do you have to call in each month and make the payment?

 

[pumpkinboy]

Originally posted by FreeTime
I have been looking for ways to rack up some more rewards. I didn't know that you could make your monthly payment with a cc. Do you just write the account number on the slip? Or, do you have to call in each month and make the payment?

I am not sure about this, but I think it only works for pre-payments, not your regular monthly payments. But then I suppose, if you were paying by phone that month, and were paying more than the minimum it might qualify. You should check with member accounting before doing anything tho.