Banking and Borrowing ???'s

[GAN]

Hi all,
I'm very close to making a decision on the recent offer at SSR and I was wondering where I can find detailed information(or thread) which explains the rules and contraints regarding banking/borrowing. I was under the impression that I could bank 100% of my points at ANY time, but after reading several threads I'm finding out different. For instance, if I had 150 points and a June UY when is the latest that all the points could be banked for use in the following year? Thanks in advance!!

 

[RobDoc]

With a June Use Year, 100% of the points may be banked thru November 30 each year. Up to 50% may be banked thru the end of Feb and up to 25% may be banked thru March 31. No points may be banked in April or May.

The number that may be banked is cumulative- if you own 200 points and bank 100 by November 30- you won't be able to bank any more later since you will already have 50% banked.

 

[cruise-o-matic]

Before December 1st, you can bank 100% of your points.

 

[CarolMN]

It's easy to figure for yourself if you remember 6, 9, 10 and None.

The 100% window is the end of the 6th month following the start of your use year. (Start the counting with your use year month).
The 50% window is the end of the 9th month following the start of your use year.
The 25% window is the end of the 10th month following the star5t of your use year.
No banking at all in the 11 th and 12th month following the start of your use year.

Since Doc already gave you the deadlines for June, I'll do them for an August use year:

100% = January 31
50% = April 30
25% = May 31
No banking in June or July.

Best wishes -

 

[GAN]

I'm assuming that once the points are banked, it won't be possible to change my mind(and get them back) if we were to decide to use them before the new UY.

 

[cruise-o-matic]

I'm assuming that once the points are banked, it won't be possible to change my mind(and get them back) if we were to decide to use them before the new UY.

Banking is final. You could always borrow from your next UY though. But borrowing is also final and the points cannot be moved back to their original UY.

 

[RobDoc]

I'm assuming that once the points are banked, it won't be possible to change my mind(and get them back) if we were to decide to use them before the new UY.

As noted, banking is an irreversible transaction. If you bank your points and later decide you wish to make a reservation in the current Use Year, you can borrow from the next Use Year (also an irreversible transaction) to make that reservation.

 

[GAN]

Thanks for the info everyone! It's all starting to make sense -looks like I'll be buying tomorrow. I appreciate all the help.