As a rule, I don’t open unsolicited credit card offers. They go straight to the trash. But when I recently received one with mouse ears on the envelope, I made an exception. I’ve previously discussed my experience as a Disney Visa card holder . The offer I recently received was to upgrade to the new Disney Premier Visa.
Looking through the information I received, I saw that the difference between the Premier card and the one I currently I have is that I would get Disney Dream Reward Dollars for 2 percent of my purchases at gas stations, grocery stores, restaurants, and Disney locations instead of the 1 percent the standard card offers. This is pretty significant, as most of my charges are in those categories. This would almost double the Disney Dream Reward Dollars I would get.
Another new feature on the Premier card is that in addition to redeeming the Dream Reward Dollars for a Disney gift card, I could also use them to help pay for airline travel on any airline. This is particularly appealing this year as my kids don’t want to go to Disney World . If we don’t go to a Disney destination, there will be a significant part of my normal vacation savings that I won’t be able to use. With the Premier card, I can still use my Dream Reward Dollars even if we don’t go to a Disney park.
There are also a few new designs for the cards, but that wasn’t that big a deal to me. So what was the catch? Ah, there it was at the very end of the brochure—a $49 annual fee. The standard Disney Visa has no annual fee. Another rule I have is that I won’t have a card with an annual fee. Why pay for the “privilege” of giving your business to the credit card company?
But I have to make an exception here. After doing a little quick math in my head, I figured that the extra 1 percent in Dream Reward Dollars on groceries, gas, and restaurants would amount to $15 a month or so, maybe even $20. That’s around $200 a year more. Allowing for the $49 in annual fees, I’m still earning over $100 a year extra for my vacation.
But wait—there’s more! If I acted now, for the first three months I had my Premier card, I would earn a whopping 5 percent in Dream Reward Dollars for gas, groceries, and restaurants. That alone would cover the first couple years of annual fees.
So, needless to say, I signed up for the Disney Premier Visa. I look forward to the extra vacation savings with my new card.
Has anyone else taken Chase and Disney up on this offer?