Disney Credit Card - Will It Really Benefit You?

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Disney Credit Card - Will It Really Benefit You?

Postby CreditCardGuru » Mon Sep 14, 2015 9:41 am

You really need to read my review of the Chase Disney Visa! Previously, this credit card was not worth it because its rewards were only worth 1%. But last year the program was re-done and now it’s been improved.

photo of Disney park
Overview: Officially called the Disney Premier Visa® Card, this program is totally different than the lackluster rewards of the past. Not only will you earn more rewards, but the benefits have been boosted. However it probably only makes sense getting if you will regularly take advantage of the park benefits that come with it. Because even though the rewards programs has improved, you can still do better with some other cards.
  • The card has a $49 annual fee and it's not waived for the first year (at least none of the offers I've seen waive it).
  • This card offer is no longer available. If you want to apply for a new credit card and get a signup offer, I would recommend one of the below offers.
Going back to the topic of the Disney credit card, please note that since we do not advertise it, all info and opinions about it are ours alone and presented without warranty. With that said, let's continue the review of it...

Previously the only version available used "Dream Reward Dollars" and when it came time to redeem them, the conversion typically was the equivalent of 1% rewards on your spending, without any special categories. Not bad, but certainly nothing to write home about!

However the all-new version has kicked it up a notch:
  • 2% in reward dollars at grocery stores, gas stations, restaurants, and most Disney locations. And I'll let you in on a secret - this is the only card I know of that counts Target and Walmart as grocery stores. That means you are earning 2% at Target and Walmart, too.
  • 1% in reward dollars on everything else
  • There’s no cap on the amount you can earn
Is this the absolute best out there? No, as there are a plenty of others out there that will give more than 1% on non-category spending and more than 2% on categories That being said, the new Disney Visa rewards are certainly better than what some credit cards offer.

How the benefits work...
At the end of the day it’s the benefits which really make this card attractive, for the right person. If you frequently visit their theme parks, then the perks will outweigh the card’s $49 annual fee.

Walt Disney World Resort Benefits:

  • 20% off the non-discounted price of select guided tours. When I checked there were qualifying tours at Magic Kingdom, Epcot, and Animal Kingdom.
  • 10% discount on select merchandise. Please note the same requirement of $50+ per transaction applies here, too.
  • A private meet 'n greet location with characters and a free 5x7 photo
Disneyland Resort Benefits:

  • 20% discount on some guided tours
  • 10% discount on select merchandise. Please note that to get this there is a transaction minimum of $50 pre-tax… so don’t spread your merchandise purchases across a lot of small transactions.
  • 10% discount at select dining locations. There are a few exclusions like alcoholic beverages, buffets, tip, etc.
  • 10% discount at participating Downtown Disney dining and merchandise locations.
  • A special cardmember vacation package is available for purchase.
  • There is a private cardmember location for meet ‘n greet with Disney characters, where you will receive a free 5x7 photo.
  • A private phone line for cardmembers
Other Benefits:

  • At the Disney Store and DisneyStore.com you can save 10% every time you spend $50+ on qualifying purchases.
  • $50 onboard credit for a Disney Cruise. Please note this discount is not automatic, as you will have to mention it at booking and pay for it in full with your Disney credit card to get it.
  • 0% APR financing for your Disney vacation. You get 0% for 6 months when you book qualifying Disney vacations and cruises. This is a great benefit but please be careful as you should not go into debt to pay for a vacation.
  • 0% APR for 6 months (on up to $10k) for a down payment or add-on purchase on your Disney Vacation Club.
  • Get 0% APR for 6 months on your Disney Vacation Club down payment or add-on purchase up to $10,000
Should you get it for 2015?
The "Premier" version of the Disney Rewards Visa might make sense if you and your family visit their theme parks and/or you a fair amount of Disney merchandise. When that's the case, the benefits can be worth paying for. And outside their parks, the 2% categories help, especially considering the fact that they classify Target and Walmart as grocery stores (I don't know of any other credit cards that do that).

But if you don't frequently visit their parks with your kids, then I would recommend going with something different.

Why? Because rather than getting 1% on regular purchases and 2% on just a few categories of spending, did you know you can get rewards worth 2.2% on every purchase, everywhere:
Each "mile" on this Barclaycard is worth 1 cent, redeemable towards any travel purchase. Since you earn 2 miles per dollar spent, that's 2%. And since you get back 10% of your miles to re-use, your total rewards value is 2.2% on everything you buy!

The bottom line is that the reason to get the Disney card is for the park benefits. If you aren't using those heavily, then it's not worth paying a $49 annual fee for the Premier version. Instead, you will probably be much better off by going with one of these travel credit cards.
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