Okay, so say my husband and I are very very lucky and we purchase a 100 or 200 point DVC membership at Grand Californian (this is what we're hoping for, anyway). Ignore the direct vs. resale issue entirely for right now. We will be using the membership mostly for a two-night stay in October and a two-night stay in early December. The contract has a September use year, and points are entered into the account in September. This part is where I'm confused about the whole thing. If we called at the 11-month mark (say, in November 2012) for a reservation for October 2013, did we use the points from September 2013 to make the reservation? As I understand it, the points we would get in September 2013 are good for bookings made for September 1, 2013 through August 31, 2014. Did I get this right? And that's why we want a use year close to the time we want to use the points, in case we need to bank. Yes?