Paying off w DVC visa to get points

[Dano1182]

I am thinking of Paying off my remaining balance using my DVC Disney Visa.
I will them pay that off right away.
I can't seem to find any info onthe Disney rewards program.
What will I get if i pay off $6,000.
What are the points good for?

Has any one done this?

 

[new_yawka]

The points are good for many things. What we will be using the points for is tickets, food and merchandise on our trip down to Disney in February.

We paid off approximately $10,000 on our DVC with the visa card and then paid the visa bill immediately. You receive 1% back in Disney Reward Dollars.

The Disney Visa also just instituted a Disney Rewards card...a crdit card-shaped card which you use as a debit card to use your disney rewards. It seems like it will be accepted almost all over WDW like cash.

 

[DebbieB]

$6,000 = $60 in rewards

 

[pumpkinboy]

Little known and not well publicized benefit of the Disney Visa is 0% interest for 6 months on DVC membership payments. Do NOT, I repeat, do not let them get away with avoiding this. Be sure top call ahead to the smart and helpful folks at BankOne, and make sure you can do this (note: you can, and if they tell you otherwise, tell them to look it up again or check with supervisor), and let them know you are going to do it. Then when you make the payment, ensure that the DVC ppl know that this is what you are doing. Then as soon as the charge hits your card (check on the on-line account management site) call in again to the BankOne folks to make sure they have it as 0%.

Also, clean off the account of other (interest bearing) charges, so you start the month with a clean card. The reason for this is that BankOne will apply your payments to the 0% portion first! ! So you're gonna pay interest for 6 months on whatever was already on the card before you paid down DVC, so be careful.

This is a particularly good strategy if you are going to pay off the charge eventually from your home equity line. Ours is at a wonderful 3.5% at the moment, so if I can get 0% on 10,000 for 6 months on my Disney Visa (giving me an extra 100 D$), then I pay it off , what, $175 in interest on my home equity line, plus the 6 months savings on the usurious 9.75% financing from DVC (or $487.50 more or less)!
Fellow finance geeks, back me up here (no I'm not gonna do a present value calculation, but we're talking real money here).

Oh, and the D$ are good for Disney gift cards usable anywhere in WDW, at Disneyland and at any Disney Store including on-line. You just have them give you a gift card, then load it up with D$ (at guest relations in DTD or on-line, mailed to your home)