? about banking & borrowing

[cristbaby]

Not sure if this is the right place to ask but I have a question and I need some help. I need to bank my points by August 31 because I am not sure I will be able to use them. I have to have surgery in a couple of weeks and that kind of put a monkey wrench in the vacation plans. If all goes well we would like to go to DW in January. I know I can't borrow the points that I would bank but would I be able to borrow my 2008 points for this getaway? I am really confused , but I don't want to lose my points if I can't go in January.

 

[donaldsgal]

Yes, you could borrow from 2008 and use in the 2007 UY. If you bank 2007 points into 2008 UY, you can only use them in 2008.

I just asked this question tonight; here's the helpful answer I got:

http://www.disboards.com/showthread.php?t=1561351

 

[LisaS]

What Use Year do you have?

 

[cristbaby]

What Use Year do you have?

March

 

[LisaS]

March

Would you be banking 100% of your points? If you have used at least 50% of your points this UY and have not banked any other points this UY, you would have until Nov 30th to bank up to 50% of your total points or Dec 31st to bank up to 25% of your total points. Just thought I would throw that out there in case you might have more time before you have to make that banking decision.

Good luck with the surgery. I hope all goes well and wish you all the best.

 

[cristbaby]

Let's see if I get this right. I have 85 pts left out of the original 200 for 2007. Are you saying that I have until November to bank half of 200 (100)? Or am I still confused with this whole thing.

Thank you for the well wishes on the surgery. It is a reverse colostomy. I've had the colostomy bag for 7 months now and am really looking forward to getting rid of this thing. Plus I need a Disney vacation desperately!

 

[CarolMN]

Let's see if I get this right. I have 85 pts left out of the original 200 for 2007. Are you saying that I have until November to bank half of 200 (100)? Or am I still confused with this whole thing.

Thank you for the well wishes on the surgery. It is a reverse colostomy. I've had the colostomy bag for 7 months now and am really looking forward to getting rid of this thing. Plus I need a Disney vacation desperately!

You are not confused! If you have not yet banked any points out of your 2007 allotment, you can wait until the end of November 2007 before you have to bank the remaining 85. If you wait until the end of December, you will only be able to bank 25% of your annual allotment or 50 points. (That assumes you don''t bank any of your 2007 points before then).

If you do decide not to go in January, be sure to cancel at least 31 days prior to arrival. If you don't, the points will go into the holding account and must be used by 2/28/2008 or they will be forfeited. There are other restrictions on using holding account points, so late cancellations should be avoided if at all possible.

Wishing you a speedy recovery!

 

[LisaS]

Let's see if I get this right. I have 85 pts left out of the original 200 for 2007. Are you saying that I have until November to bank half of 200 (100)?

There are 3 banking deadlines. You can bank up to 100% of your points during the first 6 months of your Use Year (Mar 1 - Aug 31). You can bank up to 50% of your points during months 7-9 (Sep 1 - Nov 30), including any points banked earlier in your Use Year. And you can bank up to 25% of your points during the 10th month of your UY (Dec 1 - 31).

So if you haven't banked any of your 2007 UY points, then you have until Nov 30th to bank the 85 points you have left. If you have banked any of your 2007 UY points, then those count towards that 50%.

 

[cristbaby]

Thank you for all your help. What a relief to know that I can wait until Nov 30 to bank the rest of my points. Surgery is next week so things are looking better for January everyday. Thanks again.