Summer Incentives

[JamieW]

Dropped from 800 to 665. I had 6 hard inquiries for 6 new credit cards.

Got it, thanks! I applied for 2 new cards in the past few weeks and was wondering how that would affect my score.

 

[WordyMouse]

Did you check on the My Chase Plan offers by fake doing a plan for a current eligible transaction? Asking because mine looked like they had fees until I went through the steps like I was going to set up a plan.

Right now, I don't have any qualifying purchases on the card, so I don't think there's a way for me to do it other than their planning tool.

If you really want to own at RIV and can afford to get the 150 right now, I would go that route. It gives you access to whatever membership extras will exist, and gives you points good everywhere.

If you buy SSR resale, those points won't be good at RIV, VDH, or presumably any future resorts...which means, even if you add on direct RIV later, you can't use them.

For RIV resale, you will have to use them there, but if RIV is your top choice resort, that is less of an issue, especially if you buy direct points later on. We own RIV resale and have no problem using them since we stay at RIV at least part of each and every trip.

The incentives may or may not get better, but right now, with everything one can get, it is pretty good as a new buyer getting in in the $170's!

We almost bought VGF earlier in the year before our Disney trip in March, but decided to hold off since we'd never visited as a family yet. I thought RIV was an absolute no because of restrictions. lol I've flipped now. RIV is my #1 choice, but I do want to visit other locations. We have a young family, so hopefully many years of trips in our future!

It’s a hard inquiry. I opened the Chase Visa and another credit card the same month. I also applied for an additional card but didn’t complete the process. (I was trying to close accounts and open new accounts with better benefits). These hard inquiries DRASTICALLY reduced my credit score.

From my googling last night, cards that show pre-approval won't do a hard inquiry, but any others will. I only have one hard inquiry on my report from the card I just opened, and a max of 3 in the last 24 months, so Chase Disney seems like my way to go if no better options come along.

Since we are buying direct, my husband and I may try to utilize some other card bonuses too to make it the lowest overall price. Chase Sapphire as a referral bonus we could each get extra points with.

 

[KalamityJane]

Right now, I don't have any qualifying purchases on the card, so I don't think there's a way for me to do it other than their planning tool.

Their planning tool shows me fees but if I use an eligible purchase (anything over $100 should work, will look like this on the app, then click into the transaction to see more) I have no fees and interest. If you have never used My Chase Plan before, you *should* still have the first free one available.

 

[DanCali]

Add us to the folks who took the plunge on 150 VGF with MB!

Timing wasn't great because of our use-year preference, but it was either do it now or probably wait until our 2024 March DCL cruise, and there's no guarantee MB will be ongoing by then.

Really curious to see the sales numbers for June...

 

[Simba06]

We changed our 50 CCV direct add on to 150 RIV. RIV was never in our radar, but we did a tour last week and the rooms are amazing.

We bought our first contract resale CCV earlier this year. The plan was to do a small direct CCV add on, then wait for Poly2 to round out our collection. But there is so much up in the air regarding Poly2 in terms of rooms, association, potential cost. We couldnt pass up this deal to get our blue card. We could get 3x the points for only 2x the cost of what our CCV addon was going to be, plus direct benefits (I didnt realize I would have fomo on that).

I keep going back and forth between being really excited, and feeling like I made a mistake. I guess thats to be expected with a large purchase like this, though!

 

[Mikey15]

We changed our 50 CCV direct add on to 150 RIV. RIV was never in our radar, but we did a tour last week and the rooms are amazing.

We bought our first contract resale CCV earlier this year. The plan was to do a small direct CCV add on, then wait for Poly2 to round out our collection. But there is so much up in the air regarding Poly2 in terms of rooms, association, potential cost. We couldnt pass up this deal to get our blue card. We could get 3x the points for only 2x the cost of what our CCV addon was going to be, plus direct benefits (I didnt realize I would have fomo on that).

I keep going back and forth between being really excited, and feeling like I made a mistake. I guess thats to be expected with a large purchase like this, though!

Second-guessing yourself totally makes sense, but I’d say you did well!

1. You love the rooms
2. 3x the points for only 2x what you were going to spend
3. Direct points mean you can use them at Riv, or 7 month availability at any other resort… meanwhile there’s an ever-growing number of resale buyers of other resorts who can’t use their points at Riv
4. Thinking down the road, we don’t know what 2042 will bring for Boardwalk and Beach Club, and when those are out of the system (& people can’t use their Sleep Around Points there either), you’ll still be able to stay a short Skyliner away from International Gateway or Hollywood.

My thoughts anyway,

 

[Simba06]

Second-guessing yourself totally makes sense, but I’d say you did well!

1. You love the rooms
2. 3x the points for only 2x what you were going to spend
3. Direct points mean you can use them at Riv, or 7 month availability at any other resort… meanwhile there’s an ever-growing number of resale buyers of other resorts who can’t use their points at Riv
4. Thinking down the road, we don’t know what 2042 will bring for Boardwalk and Beach Club, and when those are out of the system (& people can’t use their Sleep Around Points there either), you’ll still be able to stay a short Skyliner away from International Gateway or Hollywood.

My thoughts anyway,

Exactly how I feel. We are a young family, so hoping to enjoy for many years. And we love the skyliner! We also like the food selections compared to other resorts.

And theres nothing stopping us from adding on at Poly2 either

 

[ARobyn]

We changed our 50 CCV direct add on to 150 RIV. RIV was never in our radar, but we did a tour last week and the rooms are amazing.

We bought our first contract resale CCV earlier this year. The plan was to do a small direct CCV add on, then wait for Poly2 to round out our collection. But there is so much up in the air regarding Poly2 in terms of rooms, association, potential cost. We couldnt pass up this deal to get our blue card. We could get 3x the points for only 2x the cost of what our CCV addon was going to be, plus direct benefits (I didnt realize I would have fomo on that).

I keep going back and forth between being really excited, and feeling like I made a mistake. I guess thats to be expected with a large purchase like this, though!

When we looked into purchasing Riviera direct about ~2 years ago, for the 150pts we were looking at close to $35k, somewhere in that ballpark. I couldn't justify it and we spent another 2 years renting. We ended up buying CCV resale (75 points) earlier this year, and had no plans on purchasing direct anytime soon. With the current summer incentives, we ended up deciding to purchase the 150 direct at VGF (I, too, didn't realize that the blue card fomo would set it so soon, haha). We ended up paying almost the same for 225 pts total (150 VGF direct, 75 CCV resale) that we would have for just the 150 direct at RIV.

 

[TheDailyMoo]

I'm assuming that if you want a June UY under this incentive program and for them to buy back the June points from '22 a purchase has to be made/closed? by the end of this month?

 

[WDWfantasy]

I'm assuming that if you want a June UY under this incentive program and for them to buy back the June points from '22 a purchase has to be made/closed? by the end of this month?

Use year is June 1 - May 31, so you would have had to have purchased by May 27 or 28 (4 days prior to end of use year) in order to sell back 2022 points.

 

[TheDailyMoo]

Use year is June 1 - May 31, so you would have had to have purchased by May 27 or 28 (4 days prior to end of use year) in order to sell back 2022 points.

Thank you and just to clarify:
If I need a March/April/June UY as we always travel in the summer, then this incentive will not work for me considering I would want to have sold my '22 points to make it affordable and worth it correct?

 

[WDWfantasy]

Thank you and just to clarify:
If I need a March/April/June UY as we always travel in the summer, then this incentive will not work for me considering I would want to have sold my '22 points to make it affordable and worth it correct?

Correct. Only use years August, September, October and December (there are no July or November use years) are currently in their 2022 use year.

 

[WDWfantasy]

Not sure when you travel in summer, but you might consider a December use year as the banking deadline is July 31st.

 

[DanCali]

Thank you and just to clarify:
If I need a March/April/June UY as we always travel in the summer, then this incentive will not work for me considering I would want to have sold my '22 points to make it affordable and worth it correct?

"Work" is a relative term. You're essentially talking about 1 use year and when the next one starts. All the other costs, including the prorated dues are the same under any use year purchase scenario.

Say that you go with a March use year because that is what you want to have. They will take your 2023 points and you get the first batch of points to use starting March 1, 2024 - about 8 months from now (that's better than a June use year where your first batch of points would be usable about 11 months from now). How much does that matter to you? Will you need to rent points until then? Are there any other expenses involved because of the relatively bad timing? If not, then I'd think of it this way:

You can either:
1) Do the deal now with a March use year and MB. Get first batch of points to use from March 1, 2024.
or
2) Do the deal in Feb 2024 with a March use year and MB. Get first batch of points to use from March 1, 2024.

Your timing in Feb 2024 will be "perfect" for MB, but how did that affect the outcome? You still got the first batch of points starting March 1, 2024. Assuming the deal in Feb 2024 is exactly the same as it is now, then the only difference is the timing on when you make the purchase which affects (i) and any potential interest/gain you might earn by keeping your money invested for the next 8 months (maybe $800-$1000) and (ii) saving 8 months of prorated annual dues (about $750 on 150 points). Otherwise, it really doesn't matter financially. But if you wait until Feb 2024 then:
(i) the deal might be worse,
(ii) MB may be discontinued,
(iii) the resort may sell out (if considering VGF), and
(iv) the 2024 points would mostly apply to 7-month reservations, unless you book for late 2024 and beyond.

 

[cdirazonian]

"Work" is a relative term. You're essentially talking about 1 use year and when the next one starts. All the other costs, including the prorated dues are the same under any use year purchase scenario.

Say that you go with a March use year because that is what you want to have. They will take your 2023 points and you get the first batch of points to use starting March 1, 2024 - about 9 months from now (that's better than a June use year where your first batch of points would be usable a year from now). How much does that matter to you? Will you need to rent points until then? Are there any other expenses involved because of the relatively bad timing? If not, then I'd think of it this way:

You can either:
1) Do the deal now with a March use year and MB. Get first batch of points to use from March 1, 2024.
or
2) Do the deal in Feb 2024 with a March use year and MB. Get first batch of points to use from March 1, 2024.

Your timing in Feb 2024 will be "perfect" for MB, but how did that affect the outcome? You still got the first batch of points starting March 1, 2024. Assuming the deal in Feb 2024 is exactly the same as it is now, then the only difference is the timing on when you make the purchase and any potential interest/gain you might earn by keeping your money invested for the next 8 months. Otherwise, it really doesn't matter financially. But if you wait until Feb 2024 then:
(i) the deal might be worse,
(ii) MB may be discontinued,
(iii) the resort may sell out (if considering VGF), and
(iv) the 2024 points would mostly apply to 7-month reservations, unless you book for late 2024 and beyond.

Agree with everything stated, but have a question and was wondering…

If everything was same deal and going on in February 2024..MB would take your 2023 UY pts but because you didn’t own in 2023 you wouldn’t have to pay MF’s on those pts.

If you do the deal now with a March UY..MB will take your 2023 UY pts and you’d still have to pay MF’s on those pts because you own in 2023…

so you’d actually get extra money if you could have same deal in 2024…Right?? Am I looking at this wrong and totally confused?

Anyway probably doesn’t matter coz of everything DanCali stated:
“But if you wait until Feb 2024 then:
(i) the deal might be worse,
(ii) MB may be discontinued,
(iii) the resort may sell out (if considering VGF), …”

But just wanted to know if I’m looking at this all wrong

 

[DanCali]

Agree with everything stated, but have a question and was wondering…

If everything was same deal and going on in February 2024..MB would take your 2023 UY pts but because you didn’t own in 2023 you wouldn’t have to pay MF’s on those pts.

If you do the deal now with a March UY..MB will take your 2023 UY pts and you’d still have to pay MF’s on those pts because you own in 2023…

so you’d actually get extra money if you could have same deal in 2024…Right?? Am I looking at this wrong and totally confused?

Anyway probably doesn’t matter coz of everything DanCali stated:
“But if you wait until Feb 2024 then:
(i) the deal might be worse,
(ii) MB may be discontinued,
(iii) the resort may sell out (if considering VGF), …”

But just wanted to know if I’m looking at this all wrong

That's a good point. I'll clarify in the earlier post too. Thanks!

 

[Cfabar1]

I’ll be curious to see the June sales data. The incentives I’d imagine would move the needle. But these resorts have all been on sale for a year. I wonder when and how much VGF will be sold before they declare it sold out.

I can’t imagine they want to be selling three Mk resorts at the same time.

 

[maui22]

I’ll be curious to see the June sales data. The incentives I’d imagine would move the needle. But these resorts have all been on sale for a year. I wonder when and how much VGF will be sold before they declare it sold out.

I can’t imagine they want to be selling three Mk resorts at the same time.

VGF should be so close to sold out that Disney shouldn't be too concerned.

Based on Wil from DVCNews.com's May numbers (VGF had 57,690 of contracts appear on the occompt web site in May). 7 months (June-Dec) of the 57,690 (May sales pace) would leave DVC with approximately 306,000 VGF points remaining. If summer promotion exceeds May sales (which is highly likely), reasonable to expect it to be below 200,000 by end of 2023. Some UYs will sell out before others, so we could be hearing reports of last chance to buy before it's sold out before 2023 ends.

 

[TheDailyMoo]

"Work" is a relative term. You're essentially talking about 1 use year and when the next one starts. All the other costs, including the prorated dues are the same under any use year purchase scenario.

Say that you go with a March use year because that is what you want to have. They will take your 2023 points and you get the first batch of points to use starting March 1, 2024 - about 8 months from now (that's better than a June use year where your first batch of points would be usable about 11 months from now). How much does that matter to you? Will you need to rent points until then? Are there any other expenses involved because of the relatively bad timing? If not, then I'd think of it this way:

You can either:
1) Do the deal now with a March use year and MB. Get first batch of points to use from March 1, 2024.
or
2) Do the deal in Feb 2024 with a March use year and MB. Get first batch of points to use from March 1, 2024.

Your timing in Feb 2024 will be "perfect" for MB, but how did that affect the outcome? You still got the first batch of points starting March 1, 2024. Assuming the deal in Feb 2024 is exactly the same as it is now, then the only difference is the timing on when you make the purchase which affects (i) and any potential interest/gain you might earn by keeping your money invested for the next 8 months (maybe $800-$1000) and (ii) saving 8 months of prorated annual dues (about $750 on 150 points). Otherwise, it really doesn't matter financially. But if you wait until Feb 2024 then:
(i) the deal might be worse,
(ii) MB may be discontinued,
(iii) the resort may sell out (if considering VGF), and
(iv) the 2024 points would mostly apply to 7-month reservations, unless you book for late 2024 and beyond.

Agree with everything stated, but have a question and was wondering…

If everything was same deal and going on in February 2024..MB would take your 2023 UY pts but because you didn’t own in 2023 you wouldn’t have to pay MF’s on those pts.

If you do the deal now with a March UY..MB will take your 2023 UY pts and you’d still have to pay MF’s on those pts because you own in 2023…

so you’d actually get extra money if you could have same deal in 2024…Right?? Am I looking at this wrong and totally confused?

Anyway probably doesn’t matter coz of everything DanCali stated:
“But if you wait until Feb 2024 then:
(i) the deal might be worse,
(ii) MB may be discontinued,
(iii) the resort may sell out (if considering VGF), …”

But just wanted to know if I’m looking at this all wrong

Haha I had such a long day at work and my head is barely able to grasp anything right now! I just got lost reading that but will come back to it later and make sense of it! Thank you for laying out the options.

 

[Disfamwa]

Hey everyone. Wife and I were looking at buying resale for our first purchase, but this deal looks pretty good even for new members at VGF.

I noticed most of the posts are for existing members and was hoping my post could help out some potential new members like me. This is my first time really look into this so please feel free to correct me if I missed something.

New Member 150p at VGF
$32,550
- 1,085 for the 5 free points
- 1,500 for developer credits (members get 2500)
- 1,000 for "Welcome Home"
- 500 for "Dream it Forward" (referral program)
- 3,300 for Magical Beginnings @ 22/p * 150 points
= $25,165 or 167.8/p


Note: This is not including closing costs which I think are around $800?

An agent sent us this after talking to her. https://dvcexplorer.com/fin/g/GrandFloridian_Prospect_Welcome_DreamItForward.pdf

And to answer Disfamwa, there is a $1000 "Welcome Home" credit for new members with a currently booked reservation. Not 100% sure on details here, but sounds like you can have any reservation in the future and can book one just for this discount even if you don't have one booked already. Wife and I are looking at a 2024 trip and they said that should count as long as we book before we purchase.

Thank you! This is exactly the info I was looking for!