Banking/borrowing/canceling question

[Disney102015]

New member here - just want to make sure I am clear on the banking/borrowing/canceling rules. We are booking for May 2022 and have a December use year. We have banked points from 2020 which expire 11/30/22 (since they were part of a new direct purchase), and we'll be using our 2021 points, and borrowing 75 points from 2022.

If we cancel less than 30 days out, all the points used for the trip (2020-2022) go into holding and must be used within 60 days, correct?

But if we cancel more than 30 days out (so sometime in April):
- 2021 points basically return to my account for current use year (and can still be banked before July 31, 2022)
- 2020 points return to my account and can be used before their original 11/30/22 deadline
- borrowed points from 2022 would have to be used by 11/30/22 (because they can’t be returned to their original use year)

Do I have that all correct? Don't want to make any mistakes with my first booking! Thanks!

 

[FSUSammy]

It has to be used on a booking that is 60 days out. So technically you could wait and use it up for say a September booking as long as you book that 60 days out.

The cancel more than 30 days out is correct.

 

[Marionnette]

If we cancel less than 30 days out, all the points used for the trip (2020-2022) go into holding and must be used within 60 days, correct?

If you cancel 30 days or less before your arrival date, your points go into holding. You do not have to use them within 60 days. You just cannot use them to book a reservation that is more than 60 days into the future. So, if you canceled sometime in April, that would not mean that you must use those points by sometime in June. It means that you could not use them in April to make a reservation for July.

All holding points expire at the end of your UY and cannot be banked.