Bank and Borrow question

[mrsp1030]

Okay....question for all of you. Say I buy 100 points at AKV with a 9/1/11 date of being available. If I bank them and also want to borrow...how does that work? When do I have to use them by?

 

[Sandisw]

Points can be banked one UY ahead. So, with a Sept UY, your 2011 UY points, when banked, would then be eligible for travel during your 2012 UY, September 1st, 2012 until August 31st, 2013. If not used, those banked points would expire August 31st, 2013

If you borrow points, they become part of the UY you borrow them in to and will expire at the end of that UY. So, if you were traveling in 2012 and needed to borrow 2013 UY points, with a Sept UY, they would then expire August 31st, 2013. You can only borrow points to complete a reservation. Everything goes by travel date and MS will use up any banked points first, then use current UY points, and if you are short, borrow what you need to complete the reservation.

Banking and borrowing are final transactions and can not be changed. So, it is always a good idea to be pretty confident you are traveling before you borrow points.

 

[chalee94]

as sandi says, you can bank/borrow pts one time to move them 1 use year over, but that is where they stay...they can't be banked forward or put back into their original use year.

you would need to use them for a stay before the end of that new UY or they expire.

if you want to book a reservation for sept 1, 2012, you can call on oct 1, 2011 (11 months ahead), to book your home resort using those banked 2011 pts + any current 2012 pts (doesn't matter that you are not yet in your 2012 UY - they are "current" based on the dates of your stay) + any borrowed 2013 pts that you might need to use.

more info on use year is here if you need it:

http://www.disboards.com/showthread.php?t=1942668

 

[Granny]

Banking and borrowing are final transactions and can not be changed. So, it is always a good idea to be pretty confident you are traveling before you borrow points.

MS won't let you borrow points unless you are using them for a reservation during the call. So they cannot be borrowed thinking they might be used in the future. Banking, on the other hand, can be done at any time during the first 8 months of the UY.

But you are right, they are final transactions and really underscore the need for solid planning to use DVC in an optimum way. Good luck!

 

[junglejoy]

So, once I make a reservation with borrowed points, they can no longer be moved back to their original use year?

What about a wait list? Will those points be borrowed when I wait list a date, or not until the wait list becomes a reservation?

 

[DenLo]

So, once I make a reservation with borrowed points, they can no longer be moved back to their original use year?

What about a wait list? Will those points be borrowed when I wait list a date, or not until the wait list becomes a reservation?

I reread the Home Resort Rules and Regulations and it does not address when the points are borrowed for a WL. It would seem reasonable that the points are not borrowed until the WL becomes a reservation. MS would just need to confirm that you have points that could be borrowed. However, to borrow points you have to authorize it, so I'm not sure how it would work. I don't think there's any tentative authorization for borrowing.

I would think that a call to MS once your membership processes would be appropriate on this one.

 

[chalee94]

So, once I make a reservation with borrowed points, they can no longer be moved back to their original use year?

yep.

What about a wait list? Will those points be borrowed when I wait list a date, or not until the wait list becomes a reservation?

when you call, MS will verify that you are willing to borrow the pts to make the reservation if it becomes available.

the pts are not actually borrowed until the reservation is made.

 

[junglejoy]

Thank you!

We've been members for a year but never wait-listed or borrowed before. Lots to learn. I just started to understand use year. Holy cow they need to offer a degree in DVC ins and outs.