Thursday, 19 September 2019

Disney Premier Visa Review

Disney Premier Visa Review
06 Sep
11:39

The information related to Disney® Premier Visa® Card has been collected by MagnifyMoney and has not been reviewed or provided by the issuer of this card prior to publication.

If movies such as “The Lion King” and “Beauty and the Beast” are among your go-to options for family movie night, and your vacation of preference is visiting Disney World or Disneyland, then the Disney® Premier Visa® Card might be the right credit card for your wallet.

The card is issued by Chase Bank, and is available with a variety of popular characters from Disney movies and Disney-owned properties. Choices include Mickey Mouse (available solo in his sorcerer’s robe from “Fantasia” and alongside his famous pals, Donald Duck and Goofy), Yoda from “Star Wars” and Elsa from “Frozen.”

Its rewards rate is just OK: Earn 2% in Disney Rewards Dollars on card purchases at gas stations, grocery stores, restaurants and most Disney locations. Earn 1% on all your other card purchases But there are perks that might still make this card worth it for hardcore Disney fans.

If you’ve been approved for five personal credit cards with any issuer within the past 24 months, you are likely to be turned down if you apply for this or any other Chase card due to the Chase 5/24 rule. You’ll have to look at your credit history and tally up how many credit cards you’ve been approved for within the past 24 months.

For a full breakdown of what this card offers, read on. But if you’re looking for a cashback card that rewards you a higher cashback rate on all purchases, you may want to take a look at the Citi® Double Cash Card – 18 month BT offer instead.

Where the Disney® Premier Visa® Card stands out

Disney Perks

If Disney vacations and Disney store shopping are a regular part of your life, here’s how this card can help:

  • 10% off select merchandise purchases of $50 or more at select locations at Disney World and Disneyland.
  • 10% off select dining locations most days at Disney World and Disneyland.
  • 15% off the non-discounted price of select guided tours at Disney World and Disneyland.
  • Get exclusive photo opportunities at private cardmember locations at Disney World and Disneyland.
  • 10% off select purchases at Disney store and shopDisney.com.
  • Get access to exclusive cardmember events at Disney store.

Terms may apply.

Statement Credit

Earn a $200 Statement Credit after you spend $500 on purchases in the first 3 months from account opening with a new Disney Premier Visa Card. You’re eligible for this if you don’t already have this card and haven’t received a new cardmember bonus for this card in the past 24 months.

Redeem for Air Travel

When you purchase airline tickets on any airline using your Disney® Premier Visa® Card, you can redeem your Disney Rewards Dollars for a statement credit to cover the tickets. Each Disney Rewards Dollar is worth $1. The minimum amount to redeem this way is $50 in rewards.

Additional Disney® Premier Visa® Card benefits

Disney Rewards Dollars

Earn 2% in Disney Rewards Dollars on card purchases at gas stations, grocery stores, restaurants and most Disney locations. Earn 1% on all your other card purchases The rewards rate isn’t bad, and you can redeem Disney Rewards Dollars toward Disney and Star Wars purchases at most Disney locations — some examples being theme park tickets, resort stays, shopping and dining. Every Disney Rewards Dollar is worth $1 when redeeming toward eligible Disney goods and services.

The issue with these rewards is that before you can use them, in most cases you’ll have to put them on a separate Disney Rewards Redemption Card. You can order one of these as soon as you have earned 20 Disney Reward Dollars. And anytime you want to transfer rewards to the redemption card, you must have a minimum of 10 Disney Rewards Dollars to transfer.

Special Vacation Financing

Get 0% promotional APR for six months on select Disney vacation packages from the date of purchase. After the promo period, the APR increases to 17.99% Variable.

Travel and Purchase Perks

This card comes with:

  • Baggage delay insurance
  • Purchase protection
  • Extended warranty protection

Where the Disney® Premier Visa® Card falls short

Redemption Process

As we outlined above, you have to transfer Disney Rewards Dollars to a separate redemption card before you can use them for most of what they’re eligible for. (Redeeming toward air travel is a situation where you don’t have to put them on the redemption card first.)

In a world where other credit cards will let you redeem rewards as statement credits and bank account deposits, or apply them toward online shopping, having to take the extra step of putting your rewards on a separate card can be a deterrent to use the Disney® Premier Visa® Card.

Annual Fee

There’s an annual fee of $49.00* on this card. While some cards charge higher annual fees, it’s still disappointing — you can get cards with no annual fee that have rewards rates just as good as what the Disney® Premier Visa® Card offers. What you won’t get on other cards is the Disney-specific perks, so you have to decide if those are worth the fee.

Compare it with the Citi® Double Cash Card – 18 month BT offer

The Citi® Double Cash Card – 18 month BT offer sets the standard for flat-rate cashback cards. If you’re not a hardcore Disney fan, chances are you’ll get more value out of the Citi card. You might prefer the Citi card even if you are a Disney fan, but prefer a simpler rewards experience.

  Disney® Premier Visa® Card Citi® Double Cash Card – 18 month BT offer
Annual Fee $49.00* $0
Regular Purchase APR 17.99% Variable 15.99%– 25.99% (Variable)
Rewards Earn 2% in Disney Rewards Dollars on card purchases at gas stations, grocery stores, restaurants and most Disney locations. Earn 1% on all your other card purchases Earn 2% cash back on purchases: 1% when you buy plus 1% as you pay.
Sign-Up Bonus Earn a $200 Statement Credit after you spend $500 on purchases in the first 3 months from account opening with a new Disney Premier Visa Card. No bonus
Foreign Transaction Fee 3% of the amount of each transaction in U.S. dollars. 3%

Both cards charge foreign transaction fees, so they’re best to leave at home if you’re traveling outside the United States.

The bottom line

The Disney® Premier Visa® Card could offer value to Disney fans who frequent Disney World or Disnleyland, who value the opportunity for photos with Disney and Star Wars characters, and who purchase enough Disney merchandise so that the card’s discounts add up.

There’s also a nice option to redeem rewards for travel in a straightforward fashion — purchase your airline tickets on this card, then redeem your rewards for a statement credit.

That said, using your rewards for anything else requires the extra step of first transferring them to a redemption card. We’re not a fan of that extra step slowing down the redemption process.

Read: Best Rewards Credit Cards

In addition, this card charges a $49.00* annual fee. If you don’t want to pay an annual fee, a card such as the Citi® Double Cash Card – 18 month BT offer is probably a better choice. And if you are willing to pay an annual fee, you might consider paying a little more each year for a card such as the Chase Sapphire Preferred® Card, which charges $95 a year but offers significant value for the frequent traveler.

This article contains links to CompareCards, which, like MagnifyMoney, is owned by LendingTree.

Advertiser Disclosure: The products that appear on this site may be from companies from which MagnifyMoney receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). MagnifyMoney does not include all financial institutions or all products offered available in the marketplace.

Glen Luke Flanagan

TAGS:

Recommended by

This Cash Back Number May Surprise You

This Cash Back Number May Surprise You

Best Travel Credit Cards With No Annual Fee

Best Travel Credit Cards With No Annual Fee

Getting Approved For 1 Of These Credit Cards Means You Have Excellent Credit

Getting Approved For 1 Of These Credit Cards Means You Have Excellent Credit

Credit Cards Charging 0% Interest until 2021

Credit Cards Charging 0% Interest until 2021

Source: https://www.magnifymoney.com/blog/reviews/disney-premier-visa-review/

« »

Szemere

Related Articles