my3princes
<font color=red>Looking for a milestone to claim<b
- Joined
- Mar 23, 2004
I think that we have decided to buy into DVC. For 200 points at SSR it will cost $16,600 (thanks Skunka and Marti for the Friends 15% discount). We can finance through Disney for 9.95%. I checked out all our credit cards for any great promo offers. It turns out that we can do a balance transfer to our Disney Card at an interest rate of 3.99% for the life of the balance. It seems like a no brainer. I would initially charge it to Discover and get the 1% cash back (if we charge it directly on the Disney Card it would be the regular interest rate) then transfer the balance to the Disney Card. That would mean that we would need to stop using the Disney Visa as any payment would go to the lowest rate items and the rest would pile up. To remedy that as we always use the Disney Visa and pay it off monthly I decided to apply for one in my name as the first one was in Chris's. This sounds complicated and I'm wondering if there might be anything that I'm missing. Anyone see any drawbacks? 3.99% vs 9.75% is a big savings. I'll also take any advice on purchasing DVC. We have discussed it so much I think we've over thought it. Thanks to Skunka and Tammi for answering so many questions.
Deb
Deb