Ways to maximize savings when purchasing direct DVC contract.. (credit card rewards etc)

[Rupert's Best Friend]

Everyone named on the deed becomes DVC-Y and gets the perks. They also get responsibility for paying dues, and the contract counts as an asset for them when applying for loans, etc. That’s more of an issue with college loans, but something to consider.

And, to be an owner someone must be at least 18 years old.

One final thought to ponder - if sister in law and her husband got a divorce, and both were owners along with you and your wife, things could get very complicated. One party could force a sale of the contract. IOW, I wouldn’t make them co-owners with you. Y’all can let them use the points - could even make them Associate Members so they can book directly, but they would not be DVC-Y in that case.

Thanks for confirming and while I think you're giving good general advice for most people out there, I think we'll be okay. My wife and I have been together since were high school students and I've known my sister-in-law since she was 10. I officiated their wedding and my wife and I have a 75% share in their house, while they have a 25% share. We make all the mortgage payments and property taxes; they take care of my parents-in-law and everyone is happy. So aside from being committed "ride or dies," we're financially intertwined...and prefer it that way.

I'm planning on picking up the cost of this DVC contract and will treat their ownership and usage of it as a gift.

 

[Sandisw]

Thanks for confirming and while I think you're giving good general advice for most people out there, I think we'll be okay. My wife and I have been together since were high school students and I've known my sister-in-law since she was 10. I officiated their wedding and my wife and I have a 75% share in their house, while they have a 25% share. We make all the mortgage payments and property taxes; they take care of my parents-in-law and everyone is happy. So aside from being committed "ride or dies," we're financially intertwined...and prefer it that way.

I'm planning on picking up the cost of this DVC contract and will treat their ownership and usage of it as a gift.

Just to add, once owners, they can use the points anyway they want.

You also won’t be able to sell unless all owners agree.

We did add our adult kids to our contracts but we paid for it all and pay the dues.

Doesn’t seem you are worried about it working but it’s good to know the legal aspects just in case.

 

[CarolynFH]

Thanks for confirming and while I think you're giving good general advice for most people out there, I think we'll be okay. My wife and I have been together since were high school students and I've known my sister-in-law since she was 10. I officiated their wedding and my wife and I have a 75% share in their house, while they have a 25% share. We make all the mortgage payments and property taxes; they take care of my parents-in-law and everyone is happy. So aside from being committed "ride or dies," we're financially intertwined...and prefer it that way.

I'm planning on picking up the cost of this DVC contract and will treat their ownership and usage of it as a gift.

That’s great to hear, and I’m sincerely happy it will work for y’all. I post cautions like that whenever someone posts about adding their child to a deed, purchasing with someone they’re not married to, etc., just to help them think through all the implications of co-ownership. I’ve read a few sad stories here over the years when things didn’t work out.

 

[Steelers0854]

I'm getting ready to buy a direct 150pt contract for Polynesian and was wondering if Chase Sapphire Reserve card is the best route for me to sign up for to maximize the rewards. As I understand it, there's a $795 annual fee and number of benefits including 125,000pts when spending $6K in the first 3-months, as well as 8X pts booking travel through Chase and 4X when booking travel/lodging direct.

My wife already has the Amex Platinum card so some of the benefits overlap with the CSR. We also have a Fidelity Visa card that gives 2% rewards and a Citi Strata Premier card (not sure if the DVC contract is coded for their 3X pts hotel/travel bonus or not).

Also, my wife and I plan on visiting a DVC resort maybe once every 3 years. We're mostly buying it for my sister-in-law's family (husband, 4 year old, and 1.5yr old really love Disney at this point). If we can have up to 6 owners on the DVC contract...who gets the Blue Card membership?

I would be careful about this. I read 1 person post they paid dues with their CSR and it coded as Hotel, which is 4x with the new model. I would assume that a purchase would code the same? But this is also just 1 data point, and if it doesn’t code as a hotel you get 1 point. Whereas other cards may give a smaller amount but you know what you’re getting. Venture X gives you 2x on everything, I can speak to it since I have it but im sure there are better ones. If it were me I would wait to hear more confirmation that a DVC transaction codes as a Hotel, if it does, 4x is insane, if it doesn’t then I would go with another card.

 

[VGCgroupie]

I would be careful about this. I read 1 person post they paid dues with their CSR and it coded as Hotel, which is 4x with the new model. I would assume that a purchase would code the same? But this is also just 1 data point, and if it doesn’t code as a hotel you get 1 point. Whereas other cards may give a smaller amount but you know what you’re getting. Venture X gives you 2x on everything, I can speak to it since I have it but im sure there are better ones. If it were me I would wait to hear more confirmation that a DVC transaction codes as a Hotel, if it does, 4x is insane, if it doesn’t then I would go with another card.

Purchase does not code as hotel.