Expired points

Discussion in 'DVC-Mousecellaneous' started by mikeweider1, Aug 20, 2011.

  1. mikeweider1

    mikeweider1 Mouseketeer DVC Gold

    Joined:
    Jun 5, 2008
    Messages:
    82
    Hey do you all think that very many people let their points expire every year rather than using them or renting them out? I read somewhere recently that some (don't know how many) people let their points expire every year which allows disney to make millions on the unused points by selling those units to cash purchases. What do you think? Has that ever happened to you or DVCers that you know?
     
  2. Avatar

    Google AdSense Guest Advertisement


    to hide this advert.
  3. Mrs Hobbes

    Mrs Hobbes DIS Veteran

    Joined:
    Mar 26, 2008
    Messages:
    1,069
    I always banks mine and if I couldn't use them that year I would rent them out seems a huge waste to just let them expire.
     
  4. Granny

    Granny Yeah, I'm a guy

    Joined:
    Jul 25, 2001
    Messages:
    11,768
    I believe that there is a significant percentage (not huge, but significant) of DVC members who let some points expire. My guess is that some don't even know they can bank them. Like any other complex product there are users that don't really understand what they own.

    Kind of like me if I bought a smart phone. :rotfl2:
     
  5. CarolMN

    CarolMN DVC Co-Moderator Moderator

    Joined:
    Aug 18, 1999
    Messages:
    23,784
    I totally agree with Granny (even on the smart phone thing). :teeth:

    I think there are a significant number of members who let points expire. I doubt many of them (if any) frequent these boards, though.

    I don't know if Disney makes millions on this, but our dues are less because of those members. Any rooms in the member inventory that are not reserved at the 60 day mark are sent to DRC to be offered to the general public. The revenue from these rooms (less a hefty commission for DRC) is returned to DVC and used to offset our dues. You can see the amounts in our annual budget statements under "Breakage Income". There is a cap on Breakage Income and any $$ over the cap go to Disney.
     
  6. makthompson

    makthompson Mouseketeer DVC Gold

    Joined:
    Aug 21, 2005
    Messages:
    407
    I personally think it would be crazy to just let your points expire...Disney is by no means losing money. I bank what I dont use if I dont rent them out. I have some I'm getting ready to bank and then use them next year :)
     
  7. tink'smom2B

    tink'smom2B Chasing Tinkerbell Full Time

    Joined:
    Mar 1, 2004
    Messages:
    403
    I have * points that will expire in **, but I don't have a clue how to rent them out. Where would I learn this? ETA: they are in a holding account so I can't bank them.
     
  8. jackdis

    jackdis DIS Veteran

    Joined:
    Apr 13, 2003
    Messages:
    1,356
    Can you give them me??? LOL.......
    I wish I could help you, but I don't know too much, except that we use ours all up and bank a few here and there!!!
     
  9. SusieBea

    SusieBea DIS Veteran

    Joined:
    Oct 9, 2007
    Messages:
    1,932
    I've only "lost" 3 points in 18 years. We bought 'em; we're usin' 'em. I agree with the PP who said that they believe many owners are not fully aware of how the system works and lose points as a result. That's unfortunate.
     
  10. Granny

    Granny Yeah, I'm a guy

    Joined:
    Jul 25, 2001
    Messages:
    11,768
    I'd give David's a call (here's his site: http://www.dvcrequest.com). You won't get a lot for them, but he can probably "fire sell" them for you.
     
  11. appleorchard

    appleorchard DIS Veteran

    Joined:
    Nov 22, 2006
    Messages:
    1,537
    I would try and transfer them on the rental board. Lots of people find themselves a few points short and most people don't want to transfer so few points because of the once a year transfer rule. Couldn't hurt to try.
     
  12. Halle

    Halle DIS Veteran

    Joined:
    Nov 12, 2000
    Messages:
    2,027
    We bought a resale sevral years ago that was loaded...almost three years worth of points, unfortunately we lost 42 points....believe me I tried very hard to use them.
     
  13. tink'smom2B

    tink'smom2B Chasing Tinkerbell Full Time

    Joined:
    Mar 1, 2004
    Messages:
    403
    I know there used to be a rental board here on disboards, but I can't find it now. Anyone know what happened to it?
     
  14. CarolMN

    CarolMN DVC Co-Moderator Moderator

    Joined:
    Aug 18, 1999
    Messages:
    23,784
    It' still here, but you have to be logged in to see it.
     
  15. BUDDYBEAR

    BUDDYBEAR DIS Veteran

    Joined:
    Jul 1, 2005
    Messages:
    622
    I ALWAYS BANK MINE :cool1:
     
  16. tink'smom2B

    tink'smom2B Chasing Tinkerbell Full Time

    Joined:
    Mar 1, 2004
    Messages:
    403
    Wow, I have never been able to bank anything :rotfl: I could easily use a few hundred more! The only reason I have some left this year is I had to change a reservation from a 1 bdr to a studio so we could have a 10 day vacation. Then I had to switch the hotels too. I have a terrible time making up my mind! Disney must love me :love:
     
  17. twinklebug

    twinklebug 1200+ miles away from home.

    Joined:
    Mar 25, 2005
    Messages:
    6,844
    I think when life changes and demands more attention in other areas, it may get harder for some to keep track of their unused points. For example, I know a Disney loving, organized person who's spouse passed and who always seems to have points about to expire. They still want the points and frequently offer them up to family, but the whole usage and banking bit was obviously the spouse's role.
     
  18. lundve

    lundve DIS Veteran

    Joined:
    Aug 12, 2005
    Messages:
    757
    What is this think y'all call banking?? I didn't know you could do that. ;)

    I all seriousness, not since our very first year have we used that year's points for that year's a vacation. I am a repeat borrower and proud of it!
     
  19. jontybfc

    jontybfc Earning My Ears

    Joined:
    Jul 5, 2011
    Messages:
    17
    Can you rent out a small number of points? The way I see it is that I will have about six points that I won't be able to use even with banking them.
     
  20. sznk

    sznk wearing my ears

    Joined:
    Sep 19, 2007
    Messages:
    184
    with our september use year, our points expire august 31st. due to unavoidable circumstances, we had 74 points that were 'use it or lose it'.
    i couldn't accept losing them. tried to sell them several weeks ago with TTS & David, but it was too late.

    this week DH & i are spending two nights in a THV! yep, just the two of us in a 3-bedroom / 2-bath villa :rotfl2:.
    it was worth it for us to borrow 4 points from next year to do it. last minute ressie was no problem. :goodvibes
     
  21. lundve

    lundve DIS Veteran

    Joined:
    Aug 12, 2005
    Messages:
    757
    I would have done that same thing.
     

Share This Page