Banked Points and UY Points

[Kevin Hayes]

From time to time I see contracts for sale, for example, 175 points with UY Oct with 350 points available on 10/15 but zero points available on 10/16. I do not understand how (or why) there would be no 2016 points when there are banked points and 2015 points available. What am I missing?

 

[ScubaCat]

2014 points were banked into 2015. The 2016 points were borrowed into 2015, then a grand villa (for instance) was booked. The seller cancelled that booking and listed the contract for sale.

 

[Kevin Hayes]

Thanks, in your example, would the borrowed points from 2016 not be put back into the account for 2016 if the reservation was cancelled?

 

[ScubaCat]

No, they can't be moved once they're borrowed or banked.

Consider this, too. Say, in 2014, that seller planned a big trip using 350 points. He or she borrowed the 2015 points into 2014 to have 350 points available in 2014. Then, part of the trip fell through and they cancelled half of the reservation. In that case, they'd want to use the borrowed 2015 points FIRST because they can't be moved. The 2014 points could potentially still be banked into 2015. Make sense?

 

[disneynutz]

Banked or borrowed points are changed into the UY that they are moved to. Once banked or borrowed they can't be moved back and they expire at the end of their new UY if not used.

Bill