I banked my 07 points into 08. I have a June UY... How soon can I use those banked points? Can I use them as of Jan 08 or do I have to wait until my UY in June to use them?
If you banked points issued in June 07 to your June 08 use year they must and can only be used for a trip that occurs betweeen June 1, 2008 and May 31, 2009 (which is your 2008 use year). You can of course call to reserve trip 11 months in advance at your home resort (e.g., you can call now to reserve time in Sep 08 using those banked points)
If you were looking at using those points for a trip before the next UY than you can borrow the points from your 08 UY. Then once your 08 UY starts you will have all the points you banked in 07 to use along with what you didn't borrow from the 08 UY.