5% cashback from credit card on restaurants work if loaded on magic band?

[Rosanne]

Sorry about the confusing wording. Two of my credit cards offer 5% cashback at restaurants. Clearly, Disney will be an excellent place to make use of this bonus.

Since I'm mostly wearing sundresses this trip instead of my usual multi-pocket shorts I thought about actually using the magic band for charges.

Does anyone know if the charges will still be broken down into categories so I would still receive my 5% cash back when using the magic band?

If I don't get the 5% cash back then I won't load it. I will be carrying a small purse. Most of my charges would be restaurant charges.

TIA!

 

[Marionnette]

Sorry about the confusing wording. Two of my credit cards offer 5% cashback at restaurants. Clearly, Disney will be an excellent place to make use of this bonus.

Since I'm mostly wearing sundresses this trip instead of my usual multi-pocket shorts I thought about actually using the magic band for charges.

Does anyone know if the charges will still be broken down into categories so I would still receive my 5% cash back when using the magic band?

If I don't get the 5% cash back then I won't load it. I will be carrying a small purse. Most of my charges would be restaurant charges.

TIA!

No. You would have to actually use the CC at the restaurant to get the 5% back. Any charges made with the MB will be put thru as a single charge by the resort, either at the end of your stay or when you meet the preset spending limit for guests at that resort.

 

[SGMCO]

I looked at my CC reward for 5% Restaurants and there was a list of Chains Restaurants that seemed to qualify for the 5% extra, not sure if all restaurants qualify or not?
I will be Using my Disney Visa Rewards CC for an Extra 10% on a few Restaurants at Disney (some at Epcot and at Disney Resorts).

 

[georgina]

I looked at my CC reward for 5% Restaurants and there was a list of Chains Restaurants that seemed to qualify for the 5% extra, not sure if all restaurants qualify or not?
I will be Using my Disney Visa Rewards CC for an Extra 10% on a few Restaurants at Disney (some at Epcot and at Disney Resorts).

Not sure which CC with 5% you are talking about, but with Chase Freedom it is all restaurants. There is a winery near me that does not code as a restaurant when we go there for dinner, but the others have worked.

I am traveling to WDW and Universal this month and think I will just go with the gift cards I get from my grocery store with fuel perks, because sometimes I have trouble getting the 5% there (and I get 6% back on grocery store purchases)

 

[Rosanne]

Thanks for your responses!
It is the Chase Freedom. I'm pretty sure the 5%at restaurants will work if I use the card directly but not so sure if I use it for the magic band. I know for one of my cards I couple of years ago it had a 5% for them parks and I learned that it didn't count for tickets from Undercover Tourist or anything I purchased at a park to eat or take home as a souvenir. I think I'll just use the card directly to be safe.

 

[Rosanne]

No. You would have to actually use the CC at the restaurant to get the 5% back. Any charges made with the MB will be put thru as a single charge by the resort, either at the end of your stay or when you meet the preset spending limit for guests at that resort.

Thank you! That clears it up perfectly. Definitely going to go the direct route

 

[gottalovepluto]

Thanks for your responses!
It is the Chase Freedom. I'm pretty sure the 5%at restaurants will work if I use the card directly but not so sure if I use it for the magic band. I know for one of my cards I couple of years ago it had a 5% for them parks and I learned that it didn't count for tickets from Undercover Tourist or anything I purchased at a park to eat or take home as a souvenir. I think I'll just use the card directly to be safe.

Agree it will not work because ALL magic band charges will code as travel as they are ultimately processed through the hotel.

 

[jmmess]

I would think you'd do better buying discounted Disney GCs and paying with those over the 5% Freedom?

 

[Ava]

It depends on how much of a discount you can get on the gift cards, and if you can transfer that 5% back into Ultimate Rewards points and how you value those. I stopped buying discounted gift cards when I found out the Chase Freedom 5% category for Q3 was going to be restaurants; I'm saving my UR points to put towards a cruise so 5X UR points on all my restaurant spend at Disney is more valuable to me than the discount I can get buying GCs.

 

[jmmess]

It depends on how much of a discount you can get on the gift cards, and if you can transfer that 5% back into Ultimate Rewards points and how you value those. I stopped buying discounted gift cards when I found out the Chase Freedom 5% category for Q3 was going to be restaurants; I'm saving my UR points to put towards a cruise so 5X UR points on all my restaurant spend at Disney is more valuable to me than the discount I can get buying GCs.

Most places you can get a minimum of 5% off GCs - Target redcard is 5% off Disney GCs or buying Target GCs at a discount with a cash back credit card can be more. Sam's and BJ's are 5% off plus any cash back eligible cards. I would think you'd be better off that way than the 5x UR?

 

[Ava]

Most places you can get a minimum of 5% off GCs - Target redcard is 5% off Disney GCs or buying Target GCs at a discount with a cash back credit card can be more. Sam's and BJ's are 5% off plus any cash back eligible cards. I would think you'd be better off that way than the 5x UR?

Possibly, it depends on the total % discount you can get on GCs and how you value UR points. I value UR points at 1.5 cents per point, because I have a CSR that I can transfer them to and redeem through the Chase travel portal at that rate. I'd have to get over a 7.5% discount on GCs to get more value out of that than the 5X UR. Plus I can use UR points for destinations other than just Disney.

 

[jmmess]

Possibly, it depends on the total % discount you can get on GCs and how you value UR points. I value UR points at 1.5 cents per point, because I have a CSR that I can transfer them to and redeem through the Chase travel portal at that rate. I'd have to get over a 7.5% discount on GCs to get more value out of that than the 5X UR. Plus I can use UR points for destinations other than just Disney.

I didn't realize the UR was worth 1.5! In that case then, makes sense!

 

[kandb]

All Chase Freedom cards give you a 5% discount at all TS and CS in WDW?

 

[jmmess]

All Chase Freedom cards give you a 5% discount at all TS and CS in WDW?

Chase Freedom has 5% on restaurants this quarter.

 

[Ava]

All Chase Freedom cards give you a 5% discount at all TS and CS in WDW?

It's not a 5% discount at point of sale; it's a 5% credit that you can redeem for cash back or gift cards, or convert into Ultimate Rewards points if you have a UR-earning card like the Sapphire Preferred or Sapphire Reserve.