Disney Premier Rewards Visa Credit Card
The Walt Disney Company is one of the biggest companies in the world, and one that owns some of the most sought-after brands. It’s a corporation that dominates the film and theme park industry, and one that also owns companies in many sectors. It’s no surprise, therefore, that Disney also has a credit card, and one that offers a wealth of features and rewards.
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The question is, how does the Disney rewards card compare to other credit cards, what sort of features does it offer, and who can benefit the most from using this card?
- Issuer: Visa
- Sign-up Bonus: Spend $500 in first three months to get a $200 statement credit
- Annual Fee: $49
- Foreign Transaction Fees: 3%
- Rewards Rate: 2% cash back on select merchandise, gas stations, restaurants, and grocery stores
Pros of the Disney Card
The Disney Rewards Credit Card offers a number of benefits. Most of these will appeal only to consumer who make frequent trips to Disney parks and spend a lot of money on Disney merchandise.
All new cardholders can get $200 in statement credit when they spend $500 in the first three months of the account opening. It’s an intro offer similar to what you’ll find on many top cash back credit cards, with a target that’s low enough to ensure all cardholders can collect.
As an example, if you spend $200 a month on your Disney Premier Visa Card and repay this balance in full, then at the end of the third month you will have paid $600 in total and for your most recent balance, you can use your statement credit to pay it in full.
Fund a Vacation
You can use your new card to fund Disney vacation packages, with 0% APR for the first 6 months. It’s a risky strategy, but if you want to book a visit to Walt Disney World for the upcoming spring or summer season and won’t have the money until the Fall, it could be just what you need.
You can pay for your trip over several months without accruing interest for the first 6 months. This is an offer that will appeal to all Disney lovers and help them make regular trips to the Happiest Place on Earth.
Merchandise Purchases and More
Many store and brand-specific credit cards are limited to purchases made within those stores, while others limit their bonuses to those purchases. But the Disney card is a genuine Visa rewards card and offers cash back purchases for all.
These points are known as Disney Reward Dollars and cardholders can earn double reward dollars when they purchase at Disney locations (including Disneyland and Disney World), as well as gas stations, grocery stores, and select dining locations. But that’s not all, as the Disney Visa Card also offers single points for every other purchase.
Character Meet Experiences
Cardmembers can take advantage of unique experiences, including photo opportunities with Disney characters, which are held at select Disney theme parks with both Disney (Mickey, Minnie) and Star Wars characters (Chewbacca, Darth Vadar). It’s an added extra that you won’t find with any other Visa credit card and one that will no doubt appeal to Disney fans.
Cardholders can save money on select merchandise purchases, including a 10% discount on Star Wars and Disney related merchandise worth at least $50. Users can also get many traditional Chase and Visa benefits, including card protection, zero fraud liability, warranties, and more.
Disney Rewards Dollars can be redeemed in Disney theme parks and at DisneyStore.com. You can purchase merchandise, resort stays, and dining at Disney resorts. This is arguably the best way to spend, because if you have a Disney Premier Card then you’ll likely spend a lot of time and money at Disney.
However, if you run up some big bills on Disney purchases, you can also use these dollars as statement credit.
Cons of the Disney Card
The Disney Card also has its fair share of cons, so before you rush off to apply, keep all of the following in mind.
Limited Redemption Options
The Disney card allows you to redeem your reward dollars on Disney purchases and statement credit, but unlike many other reward credit cards and travel credit cards, this is where the redemption options stop. You can’t redeem them for travel discounts and perks, nor can you transfer them or swap them for cash and freebies.
This may not seem like a huge issue on the surface, but branded merchandise stores are not exactly famous for selling affordable, rock-bottom merchandise. You tend to pay over the odds in these stores, which means you’re not getting the best bang for your buck.
The Disney Rewards Credit Card has an annual fee of $49. If you spend a lot of money on the card and most of those purchases are made in the Disney Store or Disney Theme Parks, you’ll likely have enough points to offset that cost. But if you’re only using it for the occasional purchase, the card will cost you more than it earns.
Foreign Transaction Fees
Many credit cards have foreign transaction fees, so these are not unusual. However, they tend not to be included on travel reward cards and cards that are designed with global users in mind.
The Disney credit card advertises itself as a card that can be used globally at all Disney locations, from Paris to Florida. But it would be a big mistake to do so, as you’ll pay 3% on all transactions and outside of the United States.
If you’re using your card to pay for theme park tickets, merchandise, meals, and hotel stays outside of the United States, you could run-up bills in the thousands of dollars, in which case these fees will escalate quickly.
Cards Similar to the Disney Credit Card
If the Disney Rewards Visa seems very generous to you, it’s likely because you haven’t seen the alternatives. Sure, the Disney card is great for those obsessed with the brand, but if you don’t have a Disney trip on the horizon, take a look at some of these options instead:
- Chase Freedom
- Chase Freedom Unlimited
- Capital One Venture
- Discover It Cash Back
- Wells Fargo Cash Wise
- American Express Blue Cash Everyday
- American Express Blue Cash Preferred
In all cases, you will need at least a Good credit score, but the same is true for the Disney card, and if you qualify for the Disney card you’ll qualify for these better cards.
Bottom Line: Is this Card Right for you?
Disney perks and benefits revolve around Walt Disney World Resorts, as well as Disney merchandise. These benefits are great if you’re a big fan of the brand and/or have a large family to please. However, if you’re just making the odd visit to Walt Disney World Resorts and purchase the occasional gift or movie, it’s not the right card for you.
If you don’t pay your balance, this is not the card for you, either, as those extras rewards and benefits will likely not offset the extra cash and fees you pay thanks to that higher interest rate. The Disney Visa has a relatively low APR when compared to other branded credit cards, but at 18.24%, your interest is likely to cost you much more than the rewards will earn you.