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Using Disney visa
- Thread starter Kbullz
- Start date
sxeensweet
Love a little Disney every day!! ;)
Not for 6 months. That is a perk to the card. If you charge your vacation at a Disney Resort, package, room, or dining plan etc you get 6 months interest free to pay that charge off.
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sxeensweet
Love a little Disney every day!! ;)
Your very welcome!! Hope you have a wonderful trip!!
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BigRedDad
Well-Known Member
You will not be charged interest on the Disney vacation for 6 months. However, if there are other charges on the card, there is no separation of what your payments go to.What I mean, if you have $1,000 balanace and another $1,000 for the Disney vacation, all payments are going to $1,000 vacation charge because Visa/Chase can charge interest on the other $1,000. You do not get to choose which charges the payments go to.
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grim-grinning_toast
Well-Known Member
And also, are these extremely hard cards to obtain? My fiance and I are twenty two, and we've both been victim to our parents using our credit when we were very young - but I've finally gotten all of those charges cleared from my record! Is there an average credit score that Disney Visa prefers?
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FrostyNaples
Well-Known Member
So you already booked, and now you want to make a payment that essentially pays off the balance?
You might want to double check you still get the promo. As i read it, the promo exists when booking the package up front, in full. I don't see where it says you also get the promo when making an additional payment (to pay off or not) to an existing balance.
In any case, pay it off before the payment due date each statement period, and you'll remain interest free.
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FrostyNaples
Well-Known Member
I don't think so?
Issued by Chase Bank, give them a ring before submitting an application, saves the credit inquiry ding if you don't need it on your history.
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sxeensweet
Love a little Disney every day!! ;)
This is not correct. When they changed laws back in 2008 or so all payments go towards the charge that is getting charged interest first if you pay over the minimum!
But you need to pay ***MORE THAN THE MINIMUM for the payments to go towards the charge with the interest first.
They changed this and many other things because the card companies were ripping people off that way. ***IT WILL GO TO THE ZERO PERCENT CHARGES LAST IF PAYING MORE THAN THE MINIMUM *** I know this for a fact as I have had both on cards before many times and I also read the laws. If I had the link still I would put it here but I can't find it this second I'm at work.
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Disnee4Me
Well-Known Member
But will they charge interest for other charges on the card? for example, if I had a $1000 balance from my Disney vacation, but then charged other purchases (grocery store, gas, etc) on the card, would they charge interest for those? Or would the best bet be, don't use the Disney Visa for any other purchases until the vacation is paid off.Not for 6 months. That is a perk to the card. If you charge your vacation at a Disney Resort, package, room, or dining plan etc you get 6 months interest free to pay that charge off.
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Lucky
Well-Known Member
That's the simplest and safest thing to do. They'll charge interest on any balance in excess of the Disney vacation charge amount.
If you make payments that reduce your balance below the $1000 vacation charge (in your example) you permanently lose the 0% on the difference. In other words, if you paid the balance down to $500 at any point before the 6 months is up, you'd get 0% on only $500 (instead of the original $1000) until the 6 months is up, even if you buy other stuff so the balance goes back above $500.
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DManRightHere
Well-Known Member
Payments are supposed to go to the highest interest balances first. I believe this was part of the credit card reform years ago? I'm sure there are loopholes though. My BOA cc seems to be working that way.
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zero creativity
Active Member
From what I understand, to get the six months it has to be a package, it can't be room only.Not for 6 months. That is a perk to the card. If you charge your vacation at a Disney Resort, package, room, or dining plan etc you get 6 months interest free to pay that charge off.
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sxeensweet
Love a little Disney every day!! ;)
Yeah I was not charged interest for room only either. Also when I purchased tickets for special events though Disney, or annual passes I was not charged interest in those either for 6 months. I now also buy dining plans by themselves when we stay on points now that we are DVC members and I don't pay interest on that either for 6 months. So that is odd you would have paid interest for a room only as we have done it several times even this year when we added a cash stay to our DVC stay seperately. No interest for a full 6 months.
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sxeensweet
Love a little Disney every day!! ;)
Yep you are correct. A lot of people think it's still the old way before those laws changed back in 2008 or so.
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