Disney credit card can earn theme park tickets

An idea that is overdue from the likes of Disney. Universal started this program at least a year or two ago.

You know how many people will get the card just because they want a card with Mickey on it? This is a can't miss.

Im very surprised that this just came to be. I wonder what percentage will earn you the most towards Disney goods. My Amazon Visa entitles me to 4% on Amazon.com purchases, my Six Flags card gets me 6%, my Shell credit card offers me 5%, and my Toys R Us Visa gets me 4%.

"We've designed this unique card to help fulfill the dreams of our Disney guests and families,"

Yes, fulfill your dreams and go into endless debt with Disney. Now Eisner will own you too!

And what makes this card so "innovative"? Does it pay itself off?

-Matt*** This post was edited by Matt D 3/5/2003 11:13:36 AM ***

Yeah, I've known about this for a while. Disney sent a mailing to all its shareholders encouraging them to sign up. They gave out a special "preview" code where you could sign up and your card would say Member Since "Day 1". It was cute, and I may indeed switch over at some point. but I wasnt able to get information about the interest rate right then (maybe I didnt look hard enough :)) so I had to let it go.

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"I will break away, I'll find myself today"

Matt: Your debt is with Bank One, not Disney.

I might actually look into this myself. Even though I generally don't carry a balance if I can help it, it may be worth it. Just charging my big vacation this November and all of my volleyball travel would probably earn me goodies.

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Jeff - Webmaster/Admin - CoasterBuzz.com - Sillynonsense.com
"The world rotates to The Ultra-Heavy Beat!" - KMFDM

According to www.bankone.com the percentage rate is *as low as 11.15%* to me that is extremely high. And you only get 1% on rewards. If you ask me this card isnt worth the plastic its on.

*** This post was edited by NoLimitChic 3/5/2003 12:40:56 PM ***

Jeff: Agreed. I worked for the mouse for two years, so I tend to be skeptical about their involvement sometimes.

NoLimitChic: 11.15% is pretty high by todays standards. 3 years ago this would have been pretty low. It seems by the article that they are targeting the "buy everything on the credit card and pay it off every month" type family. I do that with my AMEX and it's definately rewarding. To those people, APRs are meaning less because no balance is carried.

-Matt

I don't know too many people that can charge an entire Disney vacation and pay off the balance when the next statement comes. Better go with the GM card and earn money towards a car that you can drive to Florida.

That's just the published rate. Nobody with good credit pays that.

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Jeff - Webmaster/Admin - CoasterBuzz.com - Sillynonsense.com
"The world rotates to The Ultra-Heavy Beat!" - KMFDM

Matt, I'd agree with your notion that one could find lower APRs, but Disney/Bank One actually is less than the national average for standard, gold, or even platinum credit cards, according to Bankrate.com. So that *is* a competitive rate. A little higer than my Citibank and Providian cards, but not outrageous (I've gotten offers in the mail with APRs in the twenties...they were immediately shredded ;))

But yes, they seem to be marketing them to people who have the cash to pay for the purchaces outright. I'm *mostly* like that. It's one of the reasons that I loved my Discover card so much. To me, it was an organization thing. Where I would usually write several checks a month, I'd put everything on my Discover card and simply write one check a month. AND they had that cashback thing. If you pay the balance in full all the time, ON TIME, it can be to you benefit. But the companies get over because if you hold over a balance *just once* they can start charging interest until you FINALLY pay everything off.

lata, jeremy

--who thinks "Credit Card 101" should be a required High School course.

Also, in regards to paying for your Disney vacation with the card, they give you six months intrest free for all Disney Vacation Package purchases. I am interested in it and will give them a call to try to talk them down on the rate as my current Visa has 7.8% APR...

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--George H
---Superman the ride...coming to a SF park near you soon...
Currency tracking experiment... http://www.wheresgeorge.com (Referring to The "George" on the $1 bill - Not Me)

redman,

You have a card that is 7.8%? Is that fixed or variable? That is a heck of a good rate if it is fixed.

I've got 5.9% fixed.

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Jeff - Webmaster/Admin - CoasterBuzz.com - Sillynonsense.com
"The world rotates to The Ultra-Heavy Beat!" - KMFDM

This card comes at the expense of the Disney Club and American Express, which two great ways of getting discounted tickets, accomodation and vacations at ALL Disney Parks.

It was also two of the only available means for foreign visitors like myself to score some discounts for my annual CA/FL trips in September. Now AP is the only means left to overseas visitors which sucks considering the cost of a WDW AP.

This Visa card is only available to US citizens and does look like its gonna give as much benefits as their previous loyalty schemes (eg Magic Kingdom Club aka Disney Club and Amex)

I did see the Universal card which may have spurred Disney to react. This is in-line with an article on www.MiceAge.com (a very informative, inside look at the dark side of Disney)

Shame on you Mickey, but Im making like the Superbowl MVP and heading to Six Flags and Cedar Point ... so there!

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If Lifes a Rollercoaster, I want a Flawless

If you want to get a better rate, just call. It's kind of like buying a car, they want to get the highest rate that people are silly enough to pay. If you have good credit you can usually talk them down a little.