Banking and Borrowing Questions--Want to Make Sure I Have it Correct

[grubens]

Hoping someone can confirm my understanding of our situation. We have a December Use Year, 400 point contract. We currently have 100 2020 points that must be banked by July 31, 2021. We are hoping to snag a reservation for October 2021 that will cost approximately 150 points. Can I bank the 100 2020 points and then borrow 150 points from our 2021 use year if an October reservation becomes available?

Thank you for your help with this.

 

[Disneycouple99]

Hoping someone can confirm my understanding of our situation. We have a December Use Year, 400 point contract. We currently have 100 2020 points that must be banked by July 31, 2021. We are hoping to snag a reservation for October 2021 that will cost approximately 150 points. Can I bank the 100 2020 points and then borrow 150 points from our 2021 use year if an October reservation becomes available?

Thank you for your help with this.

Yes

 

[PalmettoPath]

I believe you can do that (although we have never tried that exact scenario).

 

[kanerf]

Yes, because that is less then the 50% cut-off that Disney imposed during the COVID Crisis. You should probably put in a waitlist now.

 

[Stargazer65]

Yes, although if you could snag the reservation before July 31st, it's advantageous to use the points rather than bank them. That way you don't have banked points in the next use year that must be used.

 

[Sandisw]

Just remember that if you did borrow, those points will be stuck and if something happens, and you can’t go, they still expire November 30th.