Has anyone ever been able to re bank banked points?

DenLo said:

I would think by ruining the resale market folks would not be inclined to buy DVC at all or at least question their decision.

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IMO this is unlikely to be true. Even most who say they would take this position would likely buy when it came down to it. And for the few that wouldn't, the few DVC would lose from that direction, they would more than make up for on the rest. Kind of like when a company raises their prices, they know they'll lose a few sales but make more on the sales they complete. They often do this to control volume at a workable level, some say this is part of the reason VGF & the Poly are so expensive.

skier_pete said:

Actually, I am not even sure why they would necessarily want to discourage resale. A healthy resale market keeps prices up. Prices up makes people LESS likely to buy resale.

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I don't agree, Disney doesn't want a healthy market. The best case scenario for DVD is for those few buyers that care or know enough to check and consider to think there's a good exit option when there really isn't. But there really isn't enough they can do to active prop up the resale prices that are reasonable. The ONLY way to actually drive people to retail is to hurt resale.

OP, I have seen a few reports in the situation you are in. I agree it's not likely but it's possible. I'd definitely ask. One way to phrase the question is to state that you can't use them before X expiration date and ask what options they can offer you. I'd definitely talk to a supervisor and ask the same question if you don't get anywhere the first time. Be nice and appreciative. I'd have a second option in mind though so you can hit the group running if needed, maybe a rental option or even an RCI deposit as a last resort. Not that RCI will give you much value in this situation but some. Another option, and one that's likely better but more work, is to deposit to one of the independent exchange companies like SFX or DAE. If this were the direction I was planning, I'd talk to them now so you know what options they'll give you. You'd want to find the one that penalizes you the least for a late deposit, my guess is that'll be DAE.

Dean said:

IMO this is unlikely to be true. Even most who say they would take this position would likely buy when it came down to it. And for the few that wouldn't, the few DVC would lose from that direction, they would more than make up for on the rest. Kind of like when a company raises their prices, they know they'll lose a few sales but make more on the sales they complete. They often do this to control volume at a workable level, some say this is part of the reason VGF & the Poly are so expensive.

I don't agree, Disney doesn't want a healthy market. The best case scenario for DVD is for those few buyers that care or know enough to check and consider to think there's a good exit option when there really isn't. But there really isn't enough they can do to active prop up the resale prices that are reasonable. The ONLY way to actually drive people to retail is to hurt resale.

OP, I have seen a few reports in the situation you are in. I agree it's not likely but it's possible. I'd definitely ask. One way to phrase the question is to state that you can't use them before X expiration date and ask what options they can offer you. I'd definitely talk to a supervisor and ask the same question if you don't get anywhere the first time. Be nice and appreciative. I'd have a second option in mind though so you can hit the group running if needed, maybe a rental option or even an RCI deposit as a last resort. Not that RCI will give you much value in this situation but some. Another option, and one that's likely better but more work, is to deposit to one of the independent exchange companies like SFX or DAE. If this were the direction I was planning, I'd talk to them now so you know what options they'll give you. You'd want to find the one that penalizes you the least for a late deposit, my guess is that'll be DAE.

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Wow, I've never even heard of those last two options! I really appreciate the advice. Looks like I have some reading to do !

Banking previously banked points can definitely upset the inventory apple cart, so to speak. Like most of the others I agree that it is highly unlikely for you to salvage those points. Is your resale a September use year?? If so you would have had to book a rez with dates PRIOR to September 1st this year in order to use the points.

MS used to have a "one-time exception" for unusual circumstances, but please know that even if they still allow that (and it isn't for just any scenario!), it is ONCE for the LIFE of the membership. If I were just starting a membership that was for another 30-45 years or so, I would NOT choose to use that one-time salvation now. Not in the circumstances you describe. JMHO.

pangyal said:

Wow, I've never even heard of those last two options! I really appreciate the advice. Looks like I have some reading to do !

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For RCI you'll need 15 days out to deposit at all and even then the deposit would be restricted to stays with an advance notice of under 45 days. For an exchange company you'd need a full week that ends no later than 1 Sept (last reservation day of 31 Aug) which only gives you a few days. The likelihood is you will lose them. You could also try to rent them cheaply last minute and take your chances on getting paid.

southerngirl528 said:

Banking previously banked points can definitely upset the inventory apple cart, so to speak. Like most of the others I agree that it is highly unlikely for you to salvage those points. Is your resale a September use year?? If so you would have had to book a rez with dates PRIOR to September 1st this year in order to use the points.

MS used to have a "one-time exception" for unusual circumstances, but please know that even if they still allow that (and it isn't for just any scenario!), it is ONCE for the LIFE of the membership. If I were just starting a membership that was for another 30-45 years or so, I would NOT choose to use that one-time salvation now. Not in the circumstances you describe. JMHO.

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I would do it for 275 points but not a handful.

Dean said:

I don't agree, Disney doesn't want a healthy market. .

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I tend to think that they should. And why? Because the value is with staying onsite in cheaper accommodations and there isn't much they can do to end that so it means the contracts will always have value. And that's the rub. Although they might want to make it unappealing the core product is what it is and that has the greatest value. So might as well make it healthy so that the difference between it and direct is minimal enough to make people feel that the ease of direct is worth that extra bit. I wouldn't be terribly surprised to see numbers that eventually gave a boost to resale once the dust settled after their first foray into squashing the resale market.

KAT4DISNEY said:

I tend to think that they should. And why? Because the value is with staying onsite in cheaper accommodations and there isn't much they can do to end that so it means the contracts will always have value. And that's the rub. Although they might want to make it unappealing the core product is what it is and that has the greatest value. So might as well make it healthy so that the difference between it and direct is minimal enough to make people feel that the ease of direct is worth that extra bit. I wouldn't be terribly surprised to see numbers that eventually gave a boost to resale once the dust settled after their first foray into squashing the resale market.

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Let me approach it a different way. Disney's goal is that every contract that is sold is bought from them. Anything else is a lost potential retail sale, even when someone swears they'd never have bought if it weren't resale. With that end in mind, they really don't care about the sale price for resale per se. However, price and other factors affect the likelihood of whether an informed buyer will go retail or resale, many buyers are not informed though. When the price difference was 15% one may as well go retail if it's available. Ideally they'd want market forces to drive the price up basically to retail prices and therefore most everyone would just buy retail so high prices and few sales. The problem they have, something they learned with the next to the last economic downturn, is that ROFR isn't a viable tool to do that. All it really does is prevent fire sales. The economic risk and cost of using ROFR to artificially prop up the prices is simply too great.

For those that are thinking it, they are not going to make a killing buying resale and selling retail. So since they can't control prices and they want every purchase to be retail, all they can do is create roadblocks to resale or ramp up the sales intensity. Is it futile for DVD in this regard, it likely is for the most part simply because they haven't shown the willingness to be more aggressive to increase the volume for sales or the intensity to increase their % of closed sales. And in reality they haven't shown the fortitude to create enough separation for resales to make any real difference. Actually they did resale buyers a favor because they forced them to evaluate the real value of what they were getting retail and lowered the resale prices a little. There are many things they can do to make resales less appealing and really not much they can do to make retail more appealing all else equal. The smaller proportion of high demand locations will do that to some degree. About all that's really left is hurting the resales in some way. There are a lot of things they could change to hurt resales. I'm surprised they went the way they did but didn't create any true negatives to resale but that may change. IMO, one of their best tools would be to combine a possible extension to additional retail purchases.

Obviously there is an inherent value and possible savings to staying at a DVC resort so there should be some value as long as that is still the case.

southerngirl528 said:

Banking previously banked points can definitely upset the inventory apple cart, so to speak.....(snip).......MS used to have a "one-time exception" for unusual circumstances, but please know that even if they still allow that (and it isn't for just any scenario!), it is ONCE for the LIFE of the membership. ............

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I have not heard that the "one-time" exception was ever made to bank the same points twice. AFAIK, it's only been used to allow someone to bank current use year points after the banking deadline has passed for them.

I haven't ever heard of re-banking banked points either, CarolMN. I may not have made it clear enough when I said the one-time exception was not for just any scenario. As mentioned this kind of process could cause some real inventory issues. Thanks!

southerngirl528 said:

I haven't ever heard of re-banking banked points either, CarolMN. I may not have made it clear enough when I said the one-time exception was not for just any scenario. As mentioned this kind of process could cause some real inventory issues. Thanks!

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Certainly on a larger scale it could but then so can just the banking/borrowing system in general. If the occasional exception were going to sink the system, it'd be underwater by now. They make exceptions in far less dramatic circumstances than this for personal reasons not uncommonly.

I was at MS for about 3 years, though it was a long time ago. I cannot recall ever being able to get what would be a manual adjustment for banking already banked points. I've seen banked points unbanked, and points banked way past deadlines, etc.

As mentioned above, MS allowed in years past a once in a lifetime banking exception. Where it happened was when the DVC Member wanted to bank "current" use year points but was beyond the banking window and had an acceptable excuse, e.g., a new member who overlooked or did not understand the banking window or a member who has to cancel a reservation after the banking window has expired. I also never heard of anyone being able to bank again already banked points and I am guessing the computer system does not even have an override that would allow someone at MS to do that.

I agree, drusba. I imagine it is possible to do it but it would need to be a manual adjustment. Totallly agree with your post.