The end of the Disney Rewards Card program ???

[Kathy Jetson]

I put EVERYTHING on my disney card. I love pulling it out and thinking my upcoming vacation just got a little cheaper. I would hate it if they took the rewards away and would switch to another card also.

[Hull-onian]

Fellow "deadbeat" checking in. Amassed about $350 for this past trip. Nice perk, but if it goes away, so does the card for me.

[magicofdisney]

Standing in line with the deadbeats and adding my 2cents. My husband would much prefer I use a different reward program but I love my Disney Reward Dollars. Reiterating what others have said, if the Rewards go, so does the card.

On a side note, we were recently told that closing an account (whether you do it or the bank does it) counts against your credit score. I was always under the impression that me closing my account was OK, but the banker said it would be better to just stop using the card (and possibly lower the limit-can't be positive about that part). If this is true, then just sending out an FYI for those who monitor their scores.

[Toad_Passenger]

Standing in line with the deadbeats and adding my 2cents. My husband would much prefer I use a different reward program but I love my Disney Reward Dollars. Reiterating what others have said, if the Rewards go, so does the card.

On a side note, we were recently told that closing an account (whether you do it or the bank does it) counts against your credit score. I was always under the impression that me closing my account was OK, but the banker said it would be better to just stop using the card (and possibly lower the limit-can't be positive about that part). If this is true, then just sending out an FYI for those who monitor their scores.

I'm also of the opinion that if the rewards part of my card goes, then I'm gone too.

As to your second point, I was also told that keeping an unused card can hurt you while getting a loan. I guess banks feel that you can only get a certain amount of credit, and they will count that unused $10,000 credit limit on an old card as money that's already been extended to you. Thus if you're looking for a $30K loan, they can say we're only giving you 20K.

Of course these are banks we're talking about, and I've had 2 offices of the SAME bank give me 2 different explanations of the same account.

[Crow]

Im going to try to stop using it, since i dont plan a trip back anytime soon.
Ill have to look into closing it and whether is it better to keep it if detrimental.

[Boost]

Sign of the times...

[mikelynn91]

Way to go on paying off those balances! Even Dave Ramsey would be proud (NOT!). Keep up the great work - go ahead and transfer your dollars onto your cards and keep those cards handy - for just in case!

[NancyinCt]

Received their info changes letter, it seems at this time, most changes are going to be with cash advances and balance tranfers, with a interesting line that says they can increase, decrease or suspend your line of credit if they feel the need.

Interesting news but at least there not pulling any rewards dollar promo at this time, hope this is good news, were not going til Nov. and would like to have as many pts as possible.

I am one of those who pay my entire balance every mo. Until I hear otherwise I'll keep using the card and racking up those Disney dollars.


Nancy in ct

[andreallybadeggs]

In the same boat here. Hope it's not true. I'd sure miss paying for our lunch every Sunday and hearing DH say "Oh good-- there's another 17 cents off our next $5,000 trip to Disney."

[NancyinCt]

Heard on the news that Chase will be upping the minimum balance amounts, so I guess this is hopefully the only thing they will do. Since I pay in full every month, this will not effect me.

Hope this is good news for now for us deadbeats.

Nancy in Ct

[Donald's Girl]

Just received another 5X rewards offer (even though it's gone up to spending $1000/month in specific categories!)
But, just the fact that they are still offering this tells me they rewards are staying, at least for awhile!

[DisneyAndRedSox]

Just received another 5X rewards offer (even though it's gone up to spending $1000/month in specific categories!)
But, just the fact that they are still offering this tells me they rewards are staying, at least for awhile!

If you don't use the card or sign up for the bonus they might lower the minimum in future mailings. I got one for $500 spend in gas/food/airline. I didn't opt-in and later I got one for $250. Just got another for 3rd quarter for $250.

[BMan62]

I have not received one of the 'bonus' offers in well over a year. Could have used one this past month -- racked up a lot of charges - DW's car inspection (brakes, tires, alignment); pool filter went to heck in a handbasket; "paid off" September WDW trip.

What's really rough is that balance before these things was $0.00!!!!!

[goofygirl67]

If they end the program I will just go back to using Discover for the rewards. Right now I use my Disney card for everything just to get the rewards for my WDW trips.

[DisneyAndRedSox]

I have not received one of the 'bonus' offers in well over a year. Could have used one this past month -- racked up a lot of charges - DW's car inspection (brakes, tires, alignment); pool filter went to heck in a handbasket; "paid off" September WDW trip.

What's really rough is that balance before these things was $0.00!!!!!

I think the 5x rewards are only good on gas, airline, restaurant and grocery (if I am not mistaken). Hope this makes you feel a little better about not getting the bonus in the mail! Also if you read the fine print, it looks like grocery at warehouse stores and specialty stores does not count. I am curious to see if I get bonus rewards on groceries from a Super WalMart store and Trader Joe's.

[lockedoutlogic]

1) We do have one card with an annual fee.
2) By paying $80/year, we amassed over 750,000 air miles through purchases.
3) We still have a 322,000 mileage balance.
4) Of course, we put almost EVERY purchase on the card, including groceries.
5) I thought the annual fee was worth this reward.
6) I guess one has to determine if paying fees fit with your spending habits.

We also have one card with a fee....

The Southwest Visa.

3X points on southwest purchases and one rapid rewards credit per 1200 spent.

by my calculations...it will provide a nice benefit even with the 59 dollar fee.

Of course, our only other card - the Disney Card - gets us around $250 dollars annually.
I don't know if i would cancel the card if they instituted a fee or eliminated the rewards (probably "yes" for the rewards and "no" for the fee)...but i'd have to think about it.

But i am not horribly anti-bank when it comes to this issue - as i am when it came to the TARP bailout and the ridiculously unscrupulous real estate practices.

Like it or not....you are borrowing money when you use a credit card. Whether or not it's only a couple of days or weeks until you pay off your balance...you do keep the money in your hands for an amount of time that allows you alot of fleixibility to do other things.
It IS a service.

And irregardless of terminal fees - the cardholder does not pay anything for this service with no interest and fees.

I am, of course, an offender - as we never carry a balance....but i do understand the point to a change and/or elimination of some of the perks that are used this way.

[Momof2boys]

We put everything on our Disney Visa & pay it off each month. I've never gotten a bonus offer til last week - it wasn't great but it offered $25 bonus dollars if we put any of our telecommunications bills on autopay. We just switched to AT&T and was going to do it anyway, so we should be getting the bonus dollars. Like I said, not much -- but at least it's something.

[DizneyRox]

It's actually equivalent to charging $2500 so it's a decent deal if you ask me. We'll do it, get the bonus and then stop probably. Depends on how it works out for us. I can't imagine it could be that bad, but we'll see.

[Marilyn Michetti]

If they end the program I will just go back to using Discover for the rewards. Right now I use my Disney card for everything just to get the rewards for my WDW trips.

We just decided to get rid of our Discover when we discovered they only pay .25 per cent in rewards. That just isn't worth it.

[EPCOT84]

Just last Thursday I got an offer in the mail for the Disney Rewards Card. (I do not have one).