Quick ? on Disney Visa Payment

[Aimros]

I'm sure this has been asked a million and one times...

I have my next trip (August) booked. I paid the deposit (and ONLY the deposit) with my Disney Visa. How does the 6 months interest-free work? Did I already "void" it by not putting the full balance on the card? I'm a bit confused about making payments and what would have interest and what wouldn't, I wasn't sure if you had to put the entire balance on the card or not. TIA!

 

[Marionnette]

I'm sure this has been asked a million and one times...

I have my next trip (August) booked. I paid the deposit (and ONLY the deposit) with my Disney Visa. How does the 6 months interest-free work? Did I already "void" it by not putting the full balance on the card? I'm a bit confused about making payments and what would have interest and what wouldn't, I wasn't sure if you had to put the entire balance on the card or not. TIA!

Your statement should show the charges made with the promotional rate separately. It will also say how much the deposit was and when the zero per cent rate expires. It wont matter that it was only the deposit. But it has to be a package. There is no zero per cent promotional rate for room only reservations.

 

[eyor44]

You can even wait until the 45 days out when the balance is due to Disney and use your card. You will have 6 months from then to pay it off.

When doing a package, I use my card to make payments as I get the money. Even though I pay it off each month. The package payment I made shows in a separate area with the six months calculated out.

I can atest that rooms only do not qualify for the six months promotion.

 

[Aimros]

No worries, I have a package deal so that doesn't matter...

So whenever I make a payment, I get the 6 months free interest on that specific payment?

 

[WDWorBUST]

Each payment has 6 months from then to be paid off. If you are using your card for other purchases they actually do put payments toward your promo package last - HOWEVER, (and I found out this the hard way), if you make more than one payment during a billing cycle the "extra" payments (anything after the first one) do go towards the promo balance. Even if you just do a return that credit will go towards the promo balance instead of your regular one.

 

[Aimros]

Each payment has 6 months from then to be paid off. If you are using your card for other purchases they actually do put payments toward your promo package last - HOWEVER, (and I found out this the hard way), if you make more than one payment during a billing cycle the "extra" payments (anything after the first one) do go towards the promo balance. Even if you just do a return that credit will go towards the promo balance instead of your regular one.

Good to know - you answered my next question.

I once used those promo checks some credit cards send out - 0% interest on a check "cashed", but it gets posted to your statement - I used $500 or something for Christmas gifts, but forgot about a $50 charge that was being put on for Microsoft Office Suite (it was a promotion to buy it for $50... I had to mail in the form, and forgot I put down that credit card until 8 weeks later when it got charged). So I had to pay back the $500 in order to get the $50 paid off that was accruing some ridiculous amount of interest, like 20%. Those sneaky CC companies really know how to get you sometimes if you don't read the fine print!