Ahhh, Banking and Borrowing confusion!! HELP!

[Disneymooner07]

We're looking at a resale and I'm trying to figure out how to make it work if we buy a 200 point Dec UY BWV contract. I'd like to be able to bank + borrow every now and then to be able to book a Grand Villa for 600 points in the summer (probably August). Is this even possible?

This is my confusion: if I have a Dec UY and I have banked my Dec 2012 points, but I want to make a reservation in September 2013 for August 2014, can I do that? I won't get my next 200 points until Dec 2013 AND I would still need to borrow my Dec 2014 points in order to make the 600 point reservation. Will they let me do that? Or will it not let me reach that far into the future to make the reservation happen because it would be borrowing both 2013 and 2014 points? Will I have to wait until after the Dec 2013 points have been given to me in order to then borrow the Dec 2014 points? Because if that's the case, then I'll never be able to take advantage of the 11-month window for a summer Grand Villa reservation, right?

So do I need to be looking for an April or May UY?

 

[jekjones1558]

An Aug. 2014 reservation is in your 2013 use year. Your 2012 points are banked into your 2013 use year. You can use them and your 2013 points. You can borrow your 2014 points. You should be good to go!

 

[DebbieB]

We're looking at a resale and I'm trying to figure out how to make it work if we buy a 200 point Dec UY BWV contract. I'd like to be able to bank + borrow every now and then to be able to book a Grand Villa for 600 points in the summer (probably August). Is this even possible?

This is my confusion: if I have a Dec UY and I have banked my Dec 2012 points, but I want to make a reservation in September 2013 for August 2014, can I do that? I won't get my next 200 points until Dec 2013 AND I would still need to borrow my Dec 2014 points in order to make the 600 point reservation. Will they let me do that? Or will it not let me reach that far into the future to make the reservation happen because it would be borrowing both 2013 and 2014 points? Will I have to wait until after the Dec 2013 points have been given to me in order to then borrow the Dec 2014 points? Because if that's the case, then I'll never be able to take advantage of the 11-month window for a summer Grand Villa reservation, right?

So do I need to be looking for an April or May UY?

This is an area that confuses many new members. Points don't "deposit" when your use year starts, they are in your account for years in advance. If you buy a December use year now, when your contract closes and your account is available, it will show December 2012, 2013, 2014, 2015. So for an August 2014 stay, December 2013 would be considered current year points. You could also use banked 2012 and borrow 2014. You can do that 11 months in advance of your stay for your home resort. You never have to wait to have points available.

 

[chalee94]

here is a great thread for understanding use year.

 

[Disneymooner07]

An Aug. 2014 reservation is in your 2013 use year. Your 2012 points are banked into your 2013 use year. You can use them and your 2013 points. You can borrow your 2014 points. You should be good to go!

This is an area that confuses many new members. Points don't "deposit" when your use year starts, they are in your account for years in advance. If you buy a December use year now, when your contract closes and your account is available, it will show December 2012, 2013, 2014, 2015. So for an August 2014 stay, December 2013 would be considered current year points. You could also use banked 2012 and borrow 2014. You can do that 11 months in advance of your stay for your home resort. You never have to wait to have points available.

Thank you! That is very helpful!!

So just one more example to make sure I understand - if I'm looking at an Oct UY without any banked 2012 points, but it has 200 points coming October 2013 and then another 200 points coming October 2014, can I book for August 2014 and also borrow October 2015 points?? Would I have enough points to book a 600-point reservation in summer of 2014? My guess is no, I would already be considered to be borrowing the Oct 2014 points so I would not be able to borrow the Oct 2015 points, right?

 

[maburke]

Thank you! That is very helpful!!

So just one more example to make sure I understand - if I'm looking at an Oct UY without any banked 2012 points, but it has 200 points coming October 2013 and then another 200 points coming October 2014, can I book for August 2014 and also borrow October 2015 points?? Would I have enough points to book a 600-point reservation in summer of 2014? My guess is no, I would already be considered to be borrowing the Oct 2014 points so I would not be able to borrow the Oct 2015 points, right?

The Oct. 2012 points would be available for use now. So you say "without any banked 2012 points," but what you really mean is no 2012 current points. The August 2014 reservation is in the October 2013 use year, and since this contract has no 2012 points, you only have 2 years of points to work with, Oct. 2013 and borrowed Oct. 2014.

I think the late-in-the-calendar-year UYs are messing you up. Just remember that the Oct 2012 UY occurs mostly in 2013.

 

[LisaS]

here is a great thread for understanding use year.

Read through the thread that Charles posted above. It's very helpful.

An Oct UY is not a good choice if you plan to travel primarily in August and use three UYs worth of points. If you had to cancel on short notice, you would risk losing all of those points. With an Oct UY, your banking deadline would be May 31. If you cancelled your August stay after May 31 you would not be able to bank any current UY points used for that reservation and those points would expire on Sep 30th. Any banked or borrowed points would also expire on Sep 30th. For August travel, an August UY would be a better choice. If you might also travel earlier in the summer, then a June UY would be good.