Banking and Borrowing

[jkbec1]

Ok, so my wife and I just recently bought into the DVC and we are reading things through and we are a bit confused and hope that you all can help.

So here is the scenario we would like to do:

We want to bank our 2012 points for use in 2013 and then borrow against our 2014 points so in essence we would be using three years of points in one year.

Can you do this?

 

[ronw]

Absolutely.

 

[rcchello]

Ok, so my wife and I just recently bought into the DVC and we are reading things through and we are a bit confused and hope that you all can help.

So here is the scenario we would like to do:

We want to bank our 2012 points for use in 2013 and then borrow against our 2014 points so in essence we would be using three years of points in one year.

Can you do this?

Yes, you can use three years points in one year. Warning - If you cancel your reservation - you may be able to bank the current year points (2013)into the next year (2014) but you must use the banked and borrowed points in the year they were transfered to ( 2013 ).

 

[JimMIA]

Just keep in mind that the important dates are the dates of your vacation. Get your dates set (at least approximately) first and that will tell you what you need to do regarding banking and borrowing.

For example, for an owner with a December Use Year, almost their entire 2012 Use Year actually occurs during calendar 2013. (Dec 2012 points can be used from 12/1/2012 through 11/30/2013) You need the points available in the USE Year the vacation actually falls in.

Since banking and borrowing are irreversible transactions, you want to be sure you have it right.

Also, you have to make your banking decision more than 4 months ahead of the end of your UY. But you don't do any borrowing until you actually make your reservation.

 

[ilikedvc]

We have december UY as well and in the beginning it took a little while to get used to how December UY works. Since your 2012 UY points actually are from 12/01/2012 to 11/30/2013 you may not need to bank these points for your trip in 2013. Always remember banking or borrowing is a final transaction so make sure you can use them.

 

[JimMIA]

We have december UY as well and in the beginning it took a little while to get used to how December UY works. Since your 2012 UY points actually are from 12/01/2012 to 11/30/2013 you may not need to bank these points for your trip in 2013. Always remember banking or borrowing is a final transaction so make sure you can use them.

I don't know what OP's UY is -- they didn't say. I just used Dec because it makes a good example.

 

[chalee94]

We want to bank our 2012 points for use in 2013 and then borrow against our 2014 points so in essence we would be using three years of points in one year.

Can you do this?

yes.

keep in mind that your use year is critical for when you are using the points on one hand...BUT use year has nothing to do with when you can call to book the stay.

you can call 11 months ahead to book your home resort with any combination of banked, current (at the time of the stay) and borrowed pts.

so if you have a dec UY and you are planning a may 2013 trip here is an example:

may 2013 is actually in your 2012 UY (the dec 2012 UY runs from dec 1, 2012 to nov 30, 2013)...so you can use banked 2011 pts, current 2012 pts and borrowed 2013 pts when you call in jun 2012 (11 months ahead) to book your home resort.

OTOH, if your UY starts in march, then may 2013 is actually in your 2013 UY (the mar 2013 UY runs from mar 1, 2013 to feb 28/29, 2014)...so in that case you can use banked 2012 pts, current 2013 pts and borrowed 2014 pts when you call in jun 2012 (11 months ahead) to book your home resort.

clear?

 

[Pirate Granny]

Thank you...I'm considering a December resale...and want to buy enough points to stay in a GV every three years...this helped me understand the banking and pulled ahead.