My family of 5 goes for two weeks every 1-3 years at Christmas time at HHV and I do not spend $5,000 for the entire trip lol. I use Hilton points for the hotel and airlines points for the flights. And apparently we eat a lot cheaper than other folks.
The holiday tickets are really expensive.
paid $600 delta FIRST from LAX-OGG in june
(one way) since were leaving on a tuesday well probably fly standby home (work for southwest)
$1500 for 4 tickets in comfort+? You must live in CA.
We can’t get there with two people sitting in economy for that price. Let alone Christmas time!
Yeah, that is what I am doing for the deposit, but was trying to think of what to do for the other $19,000
I did try and they let me go up from $1500 to $2500 :/
I did this 20+ years ago when I purchased my first timeshare. I purchased directly from the developer, so I used their financing onsite. Once I got home I transferred it all to a 0% credit card. I paid it all off within the promotional period. It worked out well for me. However, you have to pay it in full when the promotion ends or they will charge you interest on the entire 19k from day 1 of the balance transfer!
I was going to ask @DeniseM where she is getting 4 tickets for $5k, but if you're getting them for $1.5k, I'll ask you! What booking site and airline are you using? I must be doing something wrong because every time I consider Hawaii the airfare is a lot more than that.
a HGVC wk that comes with at least 22K or so pts (my guesstimate, may be many more), with each pt able to save you $0.10 or more of value vs retail prices for equiv hotel, and then add the "Have to have Christmas Wk for the kiddies" value.
LoL.
There were a bunch of changes to what credit cards can and can’t do as part of a slate of consumer protection laws passed in the late 2000’s and I’m pretty sure making this practice unlawful was one of them. You should still absolutely pay off your balance before the promo rate expires, but when it expires they don’t ”backdate” the interest to the inception date of the loan.
It might be unlawful, but plenty of them still do it. I got a laptop from Dell on their charge card and it is 0% interest, but if I have $1 still left to pay on April 19th, they will charge me all of the accrued interest sitting in the background. A couch we got with Nebraska Furniture Mart's credit card is the same way. I will pay them both off before it hits the payoff deadline, since I don't want to ruin the 0% interest. Maybe different for company branded credit cards even though they are still mastercard/visa?
I believe store branded cards still do this where they have accumulated interest. But it doesn't apply to major credit card promotional interest rates.
Really? I never carry a balance on credit cards unless there is 0% promotion so I don't keep up with current policies. My personal experience is from the early 2000's, but my niece (college student) got a card when her dog required emergency surgery last year. She paid a big chunk back but didn't get it paid in full by the end of the promotion. They took almost all of what she paid and put it towards interest. I'd love to tell her this was illegal.
I don't think it is for co-branded credit cards. Very likely the credit she received through the vet isn't a major credit card (Visa, MC). I know I get emails all the time from Best Buy about promotional financing and it has to be paid off before the expiration or they charge the accrued interest.
What kills me is most of my credit cards were around 5% in the early 2000's, then they all jumped way up. Now everything seems to range from 17-30%. :/
That isn't for me to judge. Let people spend their money how they wish. I don't ask people to judge how I spend mine.
It shouldn't be illegal but education on financing should be part of any high school math curriculum. We should better educate more people on how to play the system. Of course if more people did, the system would be less lucrative for those who know how to exploit the loopholes.
Based on the number of smart people who (a) have undergraduate degrees (or better) and (b) do not understand the time-value of money, I think this is a hard row to hoe.