? adding points

[Poohs Pal]

I bought into SSR, use year Feb(2004). I have allready banked these points for a family get together in 12/05. Needed to bank these by end of july to bank 100%. Now if I purchase more points do I have to purchase and bank NEW points by the end of july to get the 100% benefit for 2004 banking. I would use these points also for 12/05 vacation. My thought, if I buy after july and don't get 100% banking on these new points I might as well save the money and add to it and purchase the points next feb. Am I correct in my thinking. Thanks for the Help. Susan

 

[pumpkinboy]

Originally posted by Poohs Pal
...Now if I purchase more points do I have to purchase and bank NEW points by the end of july to get the 100% benefit for 2004 banking. I would use these points also for 12/05 vacation. My thought, if I buy after july and don't get 100% banking on these new points I might as well save the money and add to it and purchase the points next feb. Am I correct in my thinking. Thanks for the Help. Susan

One thing to remember here is that the percentages at your banking deadlines have to do with your Total points. So if you initially bought say 150 pts, and banked all of these already, then bought 150 more in August, they would count from the Total of 300 pts; so you would still be able to bank the 150 "new" points, as long as it is prior to the 50% banking deadline.

So, if you add-on prior to your 50% deadline, I expect you'll be just fine if you decide you want to bank.

edited to add:My initial impression is wrong. Go with what Dean said: make them guarantee (in writing) that you can bank them.

 

[Connears]

I am a bit confused..are you purchasing more points because you want that addition from now on or are you just buying to have more points for your dec 2005 trip? The time by which you must bank points depends on your use year. If you purchase another february use year then the july deadline is still in effect for these points. I guess I am confused as to whether you just needed extra points for that one family gathering or if you want these additional points each year. If you only want them for a one time situation, there are other options, such as renting addtional points for that holiday or using member discount to pay cash for addtional accomodations. Just a thought.
Connears

 

[Poohs Pal]

Connears: I have 250pts use year Feb,2004(ssr new member). I allready banked these points for 12/05 trip. I want to purchase 50 more points. Yes, I would use these for 12/05 vacation. I'm not purchasing these just for the 12/05 vacation, I'd also need them for furture vacation's. I would like to be able to bank 100% of any newly purchased points. My understanding is that I'd need to purchase and bank points by the end of july in order to benefit 100% towards any 2005 vacation. Now if I buy these 50pts in August I may not be able to bank 100% of these 50pts? Next year I plan on buying 50 more points. Then I should be happy . Since i'm a little stingy with my money, i'm thinking why by the extra points this year if I can't bank 100% for my 2005 vacation. Instead just purchase all 100 points next year. That way no points are wasted. So for my feb 2004 use year do I have to purchase by the end of july to be able to bank 100% of the 50pts. Hope I explained my ? better . Susan

 

[pumpkinboy]

As I noted above, the Banking Deadline applies to you point Total. So in your case, you have already banked 250 points UY '04, prior to the deadline. If you buy 50 more even in August '04, your total goes to 300, so the additional 50 pts account for less than 25% of your points total, so you can theoretically wait until end-November to bank them. If you were to buy in December '04, however, you'd be out of luck for banking.

Is that any clearer?

edited to add: Nope, I'm wrong here too. Again, go with what Dean said.

 

[mydogdrew]

I don't think the previous post was correct. If you own 250 and they are all banked and you want to add 50 more (and bank them) then you must proceed before the 50% window (6 months which is July 31st in your case). Since you would have a total of 300, the most you can bank on August 1st is 150 and you already have 250 banked so they won't allow the last 50 to be banked unless you complete banking by 7/31. I recently did an add-on and went through this so I believe this is correct.

 

[pumpkinboy]

Originally posted by mydogdrew
I don't think the previous post was correct. If you own 250 and they are all banked and you want to add 50 more (and bank them) then you must proceed before the 50% window (6 months which is July 31st in your case). Since you would have a total of 300, the most you can bank on August 1st is 150 and you already have 250 banked so they won't allow the last 50 to be banked unless you complete banking by 7/31. I recently did an add-on and went through this so I believe this is correct.

Hiya Neighbor! I was checking this with MS last week, as we had rented some points that we might want to bank; I was checking my banking deadlines with them (I also have Feb UY, so dates are the same as for OP). MS was very emphatic that banking is not Cumulative; this means that if you are only banking 50 more points (out of 300 total), you can do it as late as the 25% deadline. In this way, MS swore to me, that if you bank 50% of you points before the 100% deadline (end-July) that you could still bank the other half by the 50% deadline (end-October).
The percentages refer to the maximum proportion of your total points that can be banked during that time frame. If the OP did the add-on as proposed, she could bank up to the entire 300 pts in the Feb-July timeframe. In the August-October window she can bank up to 150 points, and in the month of November she can bank up to 75 points.
I hope that is clearer. It made sense to me, but I am not sure I am explaining it as clearly as I'd like.

edited to add: Nope, I'm wrong here too. I wish it worked the way I explain it above, but sadly, it does not.
Too bad, as this really does make things a lot less flexible, doesn't it?

 

[mydogdrew]

I like your answer better. This is confusing because they wouldn't let me do this very thing back in February. However, I didn't push - I just sold the points I couldn't bank (it wasn't much).

 

[SimbaCub]

pumpkinboy,
I was told it's the CUMULATIVE total of points that determined the amount you could bank beyond the 100% window when I called in May. My 100% window ended 31 May as I have a December use year. As I had already banked some points the CM at MS added them to the amount I have left to see if I was below the 50% of my total points amount and that determined I could wait until August--I have 600 points total so I can bank 300 by 31 August provided I haven't already banked any points. In order to bank more than 300 I have to bank them all by 31 May. If I had banked 300 already and didn't bank the remaining 300 then I would have to use them by 30 November or rent them out or risk losing them.

SimbaCub

 

[Lexxiefern]

I just checked my "new member handbook" and it says that banking is indeed cumulative.

So Pooh's pal, you would need to bank your new points during your 100% banking window (by July 31st for Feb use year).

 

[Lexxiefern]

Another thing to keep in mind Pooh's pal, is that the price may go up if you wait until next year to buy the points.

If you buy 50 in August and are not able to bank them, you can rent them out (say for $10/point and get back $500). I did this when I bought points the month before my use year (so I could not bank them).

Also, if you wait until next year and buy all 100 then, you are actually losing out on 50 2004 points that you would get for this year.

Hope this helped.

 

[Poohs Pal]

WOW this can be confusing but I think i'm getting what pumpkinboy is saying. I think I'll just try to purchase the points by july 31st . My goal is to have enough points to stay 11 days with family every other year. Thanks everyone for your help. Susan

 

[Dean]

Banking is cummulative. So if you bank 50% in the 100% window, you can bank no more after tha 100% window closes. For newly purchased points, they can make an exception. I'd make it conditional on the sale. All you can do is ask.

 

[twotoohappy]

Originally posted by Dean
Banking is cummulative. So if you bank 50% in the 100% window, you can bank no more after tha 100% window closes. For newly purchased points, they can make an exception. I'd make it conditional on the sale. All you can do is ask.

Dean,
I'm in the process of getting 150 BCV Dec. points from Disney(paperwork is in the mail) How do I go about getting all the points booked? Thanks!

 

[Dean]

Originally posted by twotoohappy
Dean,
I'm in the process of getting 150 BCV Dec. points from Disney(paperwork is in the mail) How do I go about getting all the points booked? Thanks!

Deal with your guide and make it a condition of the purchase. They will usually bend on new purchases.

 

[twotoohappy]

Originally posted by Dean
Deal with your guide and make it a condition of the purchase. They will usually bend on new purchases.

thanks Dean! I'll call Byron when my package arrives and let him know that I want that added. They mailed it out yesterday or I'd take care of it tomorrow.

 

[SimbaCub]

twotoohappy,
I did exactly what Dean said when I purchased my 2nd add on as it was AFTER the 100% banking window and my guide at the time took care of the problem for me!! For my 3rd, 4th, and 5th add ons they were early enough that I did the banking myself a few months later when my banking window was still available to me. Good Luck!! It's a contagious problem. . .

SimbaCub

 

[pumpkinboy]

Well, I am disappointed that it doesn't work the way I thought/ wanted it to . I have gone back and added caveats to my previous posts in this thread, so they don't confuse too many ppl. Sorry for muddying the waters with my interesting theory about this; it made so much sense to me

Now I have to worry a bit more about our points for this year , but I think we should do fine bcs we're using most of them.

 

[rphjr]

I did the same type deal with my guide when I added on at SSR. I have december use year and bought in May. I got 2003 points and had until the end of May to bank them. The guide said she could get this done even though it would be June before my contract closed. I'm using those points for a 12/2004 stay at SSR. I'm not sure if it's closed yet ot not. I have contracts at OKW and VB, The SSR points are less than 25% of what I own. I'm wondering if that would have even been an issue. Does each contract have it's own banking deadlines or can I bank all my OKW points in the 50% window if OKW is half of all the points I own on all contracts?