johnatsis Posted April 1, 2019 #1 Share Posted April 1, 2019 I understand Princess is going to start EZpay - Its a monthly payment plan option that allows you to spread the cost of your cruise over time and the payment will be automatically charged to your debit or credit card. Supposed to have no interest charges or additional fees. Sounds like a good plan - has anyone know if its true 1 Link to comment Share on other sites More sharing options...
capriccio Posted April 1, 2019 #2 Share Posted April 1, 2019 I thought that you can make incremental payments now without interest or additional fees as long as the cruise is paid in full by the final payment date. That gives you much more control over having Princess do it automatically. 1 Link to comment Share on other sites More sharing options...
cruzsnooze Posted April 1, 2019 #3 Share Posted April 1, 2019 24 minutes ago, johnatsis said: I understand Princess is going to start EZpay - Its a monthly payment plan option that allows you to spread the cost of your cruise over time and the payment will be automatically charged to your debit or credit card. Supposed to have no interest charges or additional fees. Sounds like a good plan - has anyone know if its true I'll keep control of money and collect my interest up until final payment. 2 Link to comment Share on other sites More sharing options...
Astro Flyer Posted April 1, 2019 #4 Share Posted April 1, 2019 My TA recently informed me about this new program & here’s a FAQ with more details. PC_PrincessEZpayProgramFAQs.pdf 1 Link to comment Share on other sites More sharing options...
satxdiver Posted April 1, 2019 #5 Share Posted April 1, 2019 It is a monthly payment plan to periodically make payments. It starts soon after booking and ends on the normal cruise final payment date. I see no advantage to this and like to see the money in my account until final payment date. 4 Link to comment Share on other sites More sharing options...
Ep010835 Posted April 1, 2019 #6 Share Posted April 1, 2019 12 minutes ago, satxdiver said: It is a monthly payment plan to periodically make payments. It starts soon after booking and ends on the normal cruise final payment date. I see no advantage to this and like to see the money in my account until final payment date. Agreed. A new "enhancement" that rolls out with 2 pages of Q&A leaves me wondering. Link to comment Share on other sites More sharing options...
Thrak Posted April 1, 2019 #7 Share Posted April 1, 2019 This is not for me but I'm sure there are some folks to whom this will have great appeal. 3 Link to comment Share on other sites More sharing options...
caribill Posted April 1, 2019 #8 Share Posted April 1, 2019 Need to go back to the EZPay plan they used to have for shore excursions, pay when on board, not months before you have to make the final payment for the cruise itself. 3 Link to comment Share on other sites More sharing options...
pms4104 Posted April 1, 2019 #9 Share Posted April 1, 2019 (edited) Hasn't Carnival offered this for at least a couple of years? Edited April 1, 2019 by pms4104 Link to comment Share on other sites More sharing options...
CC Rider 69 Posted April 1, 2019 #10 Share Posted April 1, 2019 2 minutes ago, pms4104 said: Hasn't Carnival offered this for at least a couple of years? Yes Link to comment Share on other sites More sharing options...
pms4104 Posted April 1, 2019 #11 Share Posted April 1, 2019 I might consider this if, and only if, the payment plan offered me a financial incentive ... such as a 10-15 percent discount off my fare. Otherwise, I'm perfectly capable of budgeting and remembering to make my payments on time. 3 1 1 Link to comment Share on other sites More sharing options...
skynight Posted April 1, 2019 #12 Share Posted April 1, 2019 I see no downside, only upside for those that want to use it. 2 Link to comment Share on other sites More sharing options...
Rare Tak8 Posted April 1, 2019 #13 Share Posted April 1, 2019 For some people who need help budgeting or not spending their cruise money on something else, it could be helpful. 6 Link to comment Share on other sites More sharing options...
pathi Posted April 1, 2019 #14 Share Posted April 1, 2019 Been doing this on my own for years. It's nice only owing 500$ or so at final payment. 2 1 Link to comment Share on other sites More sharing options...
Rare Cruise Junky Posted April 1, 2019 #15 Share Posted April 1, 2019 how does this differ from just calling your TA saying, hey put $1,000 on my card please. Link to comment Share on other sites More sharing options...
Colo Cruiser Posted April 1, 2019 #16 Share Posted April 1, 2019 17 hours ago, johnatsis said: I understand Princess is going to start EZpay - Its a monthly payment plan option that allows you to spread the cost of your cruise over time and the payment will be automatically charged to your debit or credit card. Supposed to have no interest charges or additional fees. Sounds like a good plan - has anyone know if its true Thanks for the heads up! 😉 IMO..... I agree it is probably a good way for some to go...........I guess If you don't like to don't use it. 3 Link to comment Share on other sites More sharing options...
Cruiser_1977 Posted April 1, 2019 #17 Share Posted April 1, 2019 I feel no need for this. From the date I book, I spread the payments out to the final payment date. Then each paycheck I transfer the funds from my checking to my savings. That way I keep my money and earn any interest. The only benefit I see could be if you may have trouble not touching the funds before final payment. That also keeps me from spending my savings and sometimes puts me into a higher interest rate for awhile. Ex: I book Feb 15th with $100 deposit. Balance due Sept. 30th is $1600. I would take the $1600/13 (2 pay periods per month) and move the $123 each paycheck into savings. 2 Link to comment Share on other sites More sharing options...
bemis12 Posted April 1, 2019 #18 Share Posted April 1, 2019 40 minutes ago, JennyB1977 said: I feel no need for this. From the date I book, I spread the payments out to the final payment date. Then each paycheck I transfer the funds from my checking to my savings. That way I keep my money and earn any interest. The only benefit I see could be if you may have trouble not touching the funds before final payment. That also keeps me from spending my savings and sometimes puts me into a higher interest rate for awhile. Ex: I book Feb 15th with $100 deposit. Balance due Sept. 30th is $1600. I would take the $1600/13 (2 pay periods per month) and move the $123 each paycheck into savings. Go ahead and compute the interest you earn on the $1,600 for the 7 months. That would be interesting. 5 1 Link to comment Share on other sites More sharing options...
gatour Posted April 1, 2019 #19 Share Posted April 1, 2019 1 hour ago, bemis12 said: Go ahead and compute the interest you earn on the $1,600 for the 7 months. That would be interesting. Better for you get the interest no matter how small it is, compared to the cruise line getting it. 1 Link to comment Share on other sites More sharing options...
capriccio Posted April 1, 2019 #20 Share Posted April 1, 2019 (edited) 38 minutes ago, gatour said: Better for you get the interest no matter how small it is, compared to the cruise line getting it. I agree. Why should customers be providing any business an interest free loan? Edited April 1, 2019 by capriccio Link to comment Share on other sites More sharing options...
pms4104 Posted April 2, 2019 #21 Share Posted April 2, 2019 My guess is that, while the EZ Pay option sounds as though it is for client convenience, this was a business decision meant to help Princess. If people opt for EZ Pay, Princess will not lose some bookings at final pay if people forget or are unable to meet that deadline. And, Princess won't need to bargain-bucket those cabins to fill the ship. Only Princess knows how many clients are in this group. Possibly this move is a way to attract a younger or different demographic, based on some bean-counter's research on today's versions of yesterday's lay-away. I think the program is a creative way to get heads in beds ... with minimum cost and effort from Princess. Link to comment Share on other sites More sharing options...
emmak8 Posted April 2, 2019 #22 Share Posted April 2, 2019 Overall, this seems like a great deal for Princess. Not a deal for me. 1 Link to comment Share on other sites More sharing options...
damiross Posted April 2, 2019 #23 Share Posted April 2, 2019 I just make payments every two or three weeks so the final payment is not that much. As some one said here, if there was a financial incentive to use their payment plan, I would. Even if it was only 5%. Link to comment Share on other sites More sharing options...
Thrak Posted April 2, 2019 #24 Share Posted April 2, 2019 (edited) I use FCD to pay the deposits and then just pay the entire thing on the credit card when final payment is due. We normally pay the credit card off completely each month. When we make a cruise payment we generally take 2 months to get back to a zero balance but we never pay interest. Last month we made final payment on a cruise and paid off a big chunk of the credit card balance. This month we paid off the rest and have a zero balance again and didn't accrue any interest. I'm totally "allergic" to paying interest to a credit card company. (This is a nasty month. I never like April as we have to pay income tax and we also have to pay half of the annual property tax. Bah.) Edited April 2, 2019 by Thrak Link to comment Share on other sites More sharing options...
Cruiser_1977 Posted April 2, 2019 #25 Share Posted April 2, 2019 @Cruise Junky I hear what you're saying....Happy Cruising 🙂 1 Link to comment Share on other sites More sharing options...
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