Banking rules?

[Lora]

Could someone give me the rules for percentages and deadlines for banking points? (December use year - or just the general rule) Thanks. I tried to search this question, but couldn't find anything.

Lora

 

[WebmasterDoc]

With a Dec use year you may bank up to all of your points by May 31, up to 50% by Aug 31 and up to 25% by Sep. 30.

The %'s refer to your total points, so if you own 200 points and bank 100 on May 31, you can NOT bank any more later since you would have already banked 50%. Enjoy!

Doc
doc@wdwinfo.com

 

[Lora]

If we have 150 points and decide to add 50 more in May (when we're at Disney), I'm assuming those 50 points would become the 25%?? Is that right? Then, we would have until the end of Sept. to use or bank them. Thanks for the replies.

Lora

 

[WebmasterDoc]

Yes, Lisa. If you haven't banked any of the other points, you could still bank the 50 pt. add-on until Sep 30. Careful though....add-ons can be very habit forming!

Doc
doc@wdwinfo.com

 

[spiceycat]

they seem to make exceptions with the add on - my use year is june I just added on in January closing Feb - I am using my points for a stay in May but I was told I could bank all the points - that option should have been gone at the end of December. but since I did not need this option nothing else was say about it.

 

[dvc_john]

Spiceycat:

Had you already done any banking? In Jan/Feb, you are still in your 50% window, so if you hadn't banked anything yet, the add-on would probably be bankable as it would be less than 50% of your new total of points. (ie, if you had 200 points and added 100, you could bank the 100 because it would only be 33% of your 300 point total.)

I added on in January (also with a June use year), but was not allowed to bank the add-on because I was already at over 50% banked. They would not make an exception.

 

[spiceycat]

thank you

 

[kem330]

Reading this made me wonder about add ons and multiple contracts. Can anyone help me clarify this issue? We are purchasing a BW resale. We would like to purchase at BCV when they are available. Am I able to purchase as an add on or a separate contract? My understanding is an add on is only beneficial for a purchase under 150 pts. Do you get previous year points as in an initial purchase? Do add ons become a permanent part of your contract meaning you can not resell them separately? If so aren't you better off with a separate contract if it's over 150 pts? Or maybe I'm totally confused and add ons ARE all separate contracts. Thanks! <IMG SRC="/infopop/emoticons/icon_confused.gif" alt="confused">

 

[WebmasterDoc]

The add-on will be a separate contract- but may appear as an extension of your original (it will have the same contract number with a different suffix). They will usually have the same use year as the original. They may be sold separately- but would then require a separate closing expense.
The add-on will come with this year's points and you will get the next year's points when your use year begins.
Add-on purchases are very easy to do and are a great way to augment your points- no matter what resort is home! Enjoy!

Doc
doc@wdwinfo.com