Purchasing DVC with Credit Card

[BobH]

I have Citibank AAdvantage Mastercard. They are out of Sioux Falls South Dakota. Citibank has a website and so does American Airlines: Http://www.aa.com. I put my entire DVC purchase on my card and then paid some college tuition on it and got enough miles for an airline ticket. As you are probably aware it takes $25000 to get a domestic ticket so this practice isn't for everyone. I think the average person would either need a business or a couple kids in college to build up milage quickly enough. I run the tuition and most bills through the card and have gained enough miles for 8 tickets over about 3 years. It can work but you need to be able to pay the balances or plan on financing your credit card debt with home equity etc. Use it carefully. My Citibank AAdvantage card cost $50 per year so you can say the first ticket cost $50. If you don't pay your balance off monthly it is not worth it. Your finance charges will probably exceed the cost of your airline tickets. Good Luck.

 

[tfrank]

If you are about to pay for it with a Home Equity Loan wait. First put it on the card and get the miles as stated above. Then use your home equity loan to pay off the entire purchase and get the deduction.

 

[KNWVIKING]

Use a Universal Studio's card to purchase DVC, get free tickets to U.S. and I.A.

 

[ralph]

This sounds like an excellent idea for me. I've been using the GM MasterCard for a number of years (have cashed in credits on two car purchases already, one in '94 and the second in '96). You get a credit of 5% on purchases up to a maximum of $500 credit per year ($10,000 in purchases per year). I'm usually close but always end up looking for something to charge in the January through mid-March period (I have a mid-March anniversary on the card) to assure the full $500 credit for the year. I think I'll charge the annual dues next January. I always pay off my credit card(s) every month, but this 5% credit has been a really generous benefit. My DW should be ready for a new car in another two years (her's is the 1994) and likely there will be another Pontiac in her future. I should be up to $3500 credit by then (which is the maximum benefit available under this program). The GM M/C is free (and there is a pretty nice web site; you can check your account status on-line, pay your bill by direct debit from your checking account, etc.). Only useful if you buy or lease a new GM vehicle (no Saturns, however), but a substantial benefit if you do.

Ralp

 

[Macnjac87]

What I thought was funny is that they don't accept the Disney Credit Card!! <IMG SRC="/infopop/emoticons/icon_confused.gif" alt="confused">

Jackie
Dixie Landings '95
Dixie Landings '96
Port Orleans '98

Old Key West 2000

Vero Beach 2001

Next trip: OKW and Vero Beach 4/2002


PROUD NEW DVC MEMBERS!!!

 

[mikesmom]

We have a SW Airlines VISA card. They only take 16,000 miles to make a round trip ticket. We put the entire add on points on it because hubby was out of town when BWV was about to sellout and it was simpler. We pay it off at the end of each month 'cause the interest would kill you if you let it run. I think it was around $50/year also.

I do have a business which lets us use it quite a bit. I hadn't thought about college tuition, though, and since DS starts in the fall it's a great idea. Thanks!!

 

[bearville]

Great ideas on using credit cards and thanks for the ones with miles. It sure helps with traveling cost! Thanks.......Bearville

 

[sumessefui]

When we bought our initial purchase, I put half on a visa card and financed the other half with Disney for 1 year with no interest.

 

[Pooh Bear Dad]

Before charging my DVC membership to my American Express, I called AMEX to make sure they would process such a large purchase. They said they would only OK $12,000 without a phone call verification, etc. So I charged $12,000 on my AMEX and the remainder on a VISA.

So you may want to call AMEX first before you try to charge all on that card.

Scott

 

[fan of the mouse]

Rather than pay for our DVC membership directly out of our savings in Sept '99, we ran our entire DVC purchase through on this card. We took advantage of their rewards program...airfare on the airline of your choice. If memory serves me correctly, it was put on in 3 installments (the down payment and two partial payments). I believe the credit card company has a monthly cap on the amount of points they will credit...stretching the transaction out over three months helped us to avoid exceeding that limit. The net benefit for us on this transaction was approx. half an airline ticket.
Every little bit helps, I always say.

Forgot to mention that the annual fee is ~$50. We always pay the balance in full, we run EVERYTHING through this card. And have earned 5 airline tickets in 2-3 years.

1990-offsite
1999-WL
2000-BW
2000-BWV
2001-Cruise

[This message was edited by fan of the mouse on 04-07-01 at 12:31 AM.]