The Disney Platinum Visa® Card, issued by Bank One, is designed for those with very good credit who plan to take advantage of the reward program offered.
Through the reward program, cardholders earn a 1% rebate for general purchases and for special Disney offers. Rebates are converted into Disney Dream Reward Dollars at the rate of one reward dollar per each $100 spent. There is a yearly limit of 750 Disney Dream Reward Dollars that can be earned and rewards expire in five years (once issued, certificate expires in 1 year). Reward Dollars can be redeemed for a variety of Disney merchandise and vacations. Also, cardholders will receive 25 Disney Dream Reward Dollars if the card is used by June 30, 2005.
In addition to the reward program, cardholders have access to common platinum benefits provided by Bank One that include up to $1,000,000 in travel accident insurance, auto rental insurance, and various travel and emergency assistance services.
For those who qualify, the card has a reasonably low interest rate for purchases and balance transfers in comparison with other reward cards. There is also a 0% introductory rate for purchases and balance transfers for six months with no annual fee.
Those who plan to occasionally carry a large revolving balance may find doing so costly due to the "Two Cycles Average Daily Balance" method used by this credit card to determine finance charges, which ends up costing more to maintain an occasional balance as compared to the "Average Daily Balance" method used by many credit card issuers.
Therefore, those who qualify for the lowest rate offered, can afford to pay in full each month after the introductory rate expires (to avoid finance charges), and plan to take advantage of the special Disney offers (to earn the additional rebate), will benefit most from what the Disney Platinum Visa® Card has to offer.
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