should i wait and use my new disney visa to pay off my loan?

[imgoingtodisney]

Disney Visa card is in the mail, just applied about a week ago.
Is it beneficial to wait and pay off the loan with the Disney visa or should I go ahead and charge to my Mastercard?
Do I get Disney Rewards on this or not?

 

[TheRustyScupper]

1) Credit cards are a comodity.
2) use the one with the most benfits to yopu.
3) If your Mastercard does not have benefits, wait.
4) Regardless of the card used, go for the bucks.

5) Also note the interest rate. The introductory rate on the Disney card is for a specific period. As long as you plan to pay it off qucikly, this is probably the better choice. If you plan to continue payment, the Mastercasrd "probably" has less interest. Remember, put all sentiments aside, and GO FOR THE BUCKS.

 

[pattison]

I didn't know you could pay off your DVC loan with a credit card. Can anyone confirm this? Can you use a credit card to make an additional payment to your DVC loan (i.e. pay off some principle beyond the normal monthly payment)?

Thanks for the info!

 

[GAIL HAYDEN]

Originally posted by TheRustyScupper
1) Credit cards are a comodity.
2) use the one with the most benfits to yopu.
3) If your Mastercard does not have benefits, wait.
4) Regardless of the card used, go for the bucks.

5) Also note the interest rate. The introductory rate on the Disney card is for a specific period. As long as you plan to pay it off qucikly, this is probably the better choice. If you plan to continue payment, the Mastercasrd "probably" has less interest. Remember, put all sentiments aside, and GO FOR THE BUCKS.

I completely agree with The Rusty Scupper.

 

[goofy4dvc]

Be sure you read the info on loan balance transfers. Sounds like this is what you are wanting to do and it seems like there were some restrictions on that. Can't remember exactly, but there were some limitations on that. Like maybe you paid higher interest or didn't include that transaction in the Disney rewards. I can't really remember, so just make sure you read the contract so you understand the rules on that.

 

[karebear1]

Where did you go to check to see if your card was approved and in the mail?

 

[imgoingtodisney]

I was assuming it was approved and in the mail - have never had a problem before.

 

[Barringer75]

Pattison-- We used our 2 visa cards for our entire DVC initial purchase. Our guide "timed" the charges so that we wouldn't go over our limit and both cards give us 1% back (one card actually was having a 2% special!!) .
Don't know loan agreement particulars but it couldn't hurt to call MS and find out if you can charge some or all of your balance. Good luck.

 

[Happy Birthday Cat]

I didn't know you could pay off your DVC loan with a credit card. Can anyone confirm this?

I paid off my BCV loan a week ago using a credit card. Will pay that off in 30 days when the bill comes. You can also make extra payments that way too.

HBC