Banking & Borrowing Points

[mtm65]

Hi, just want to run this by the experts We are planning a trip in April of 2019 to a 3-bedroom villa at Old Key West. I estimate the total points needed will be 825. We own at OKW and have a 400 point contract with a February use year. We currently have (7) 2017 points left over. If I understand correctly, we can't bank the 2017 points and use them for a 2019 trip. Is that correct?

In May of 2018 when I book the April 2019 trip, I can use (400) 2018 points, (400) 2019 points & the balance from 2020 points, is this correct?

Thanks in advance for your help!

Mark

 

[chalee94]

April 2019 falls in your 2019 UY (Feb 1, 2019 - Jan 31, 2020).

So you can use banked 2018 UY pts + current 2019 UY pts + borrowed 2020 UY pts (if needed) - yes. And yes, you can book at 11 months out at your home resort.

2017 UY pts need to be used by the end of the 2018 UY if banked or they disappear into the void. (If you wanted to transfer them to another owner, you would need to transfer them within this 2017 UY as banked/borrowed pts cannot be transferred.)

 

[Kim Gillihan]

I am trying to figure out same thing and am so dense all of the sudden...

Example when you say 2017 UY bank points must be used by end of 2018 Uy... my uy is april... so does that mean 2017 banked points have be used by april 2019?

Thanks!!

 

[mtm65]

Thanks Charles!!

 

[Marionnette]

I am trying to figure out same thing and am so dense all of the sudden...

Example when you say 2017 UY bank points must be used by end of 2018 Uy... my uy is april... so does that mean 2017 banked points have be used by april 2019?

Thanks!!

If you bank your 2017 April UY points into your April 2018 UY, the banked points must be used by March 31, 2019. To be even more clear, the reservation for which those points were used must have a final night no later than that date.

 

[KAT4DISNEY]

I am trying to figure out same thing and am so dense all of the sudden...

Example when you say 2017 UY bank points must be used by end of 2018 Uy... my uy is april... so does that mean 2017 banked points have be used by april 2019?

Thanks!!

Best thing I recommend is if you are confused just think about the dates themselves. Your April 2017 points will be current points for stays from April 1, 2017 thru March 31, 2018. If you bank them it moves them forward exactly one year and they would be valid for stays from April 1, 2018 thru March 31, 2019. If they were not used by March 31, 2019 then they would expire.

 

[Kim Gillihan]

If you bank your 2017 April UY points into your April 2018 UY, the banked points must be used by March 31, 2019. To be even more clear, the reservation for which those points were used must have a final night no later than that date.

thank you so much!!

 

[bumbershoot]

Best thing I recommend is if you are confused just think about the dates themselves. Your April 2017 points will be current points for stays from April 1, 2017 thru March 31, 2018. If you bank them it moves them forward exactly one year and they would be valid for stays from April 1, 2018 thru March 31, 2019. If they were not used by March 31, 2019 then they would expire.

Yep. I write it all out every time. When are these points good for, when are those points. When is my trip. Etc.

 

[Kim Gillihan]

Best thing I recommend is if you are confused just think about the dates themselves. Your April 2017 points will be current points for stays from April 1, 2017 thru March 31, 2018. If you bank them it moves them forward exactly one year and they would be valid for stays from April 1, 2018 thru March 31, 2019. If they were not used by March 31, 2019 then they would expire.

I did that at first and had it almost right, was thinking end april vs. end march... but then I got all confused!! Thanks so much..

 

[Kim Gillihan]

Yep. I write it all out every time. When are these points good for, when are those points. When is my trip. Etc.

I can see that will be necessary for me! It gets confusing, what nights are what points etc too! I don't even own yet, but in ROFR now and hoping to own soon, so already planning my trip, hope all goes thru...

 

[bumbershoot]

I did that at first and had it almost right, was thinking end april vs. end march... but then I got all confused!! Thanks so much..

Use specific dates.

I have a feb UY. So my '17 points were for trips between feb 1 2017 through Jan 31 2018.

Except that I borrowed some of them (I think of it as pulling them) so they became 2016 points. That meant they were for trips between feb 1 2016 through Jan 31 2017.

We have no 2017 points right now due to borrowing for a December 2016 trip and using the rest in their own UY for Princess last weekend.

My 2018 points are "naturally" good for a trip feb 1 2018 through Jan 31 2019. If I borrow them that turns them into 2017 points that I could use now. If I bank them that turns them into points usable for trips starting feb 1 2019!


And Feb is the simplest because it's the closest to the normal year cycle. I cannot imagine the headaches December UY people go through!

 

[Kim Gillihan]

Use specific dates.

I have a feb UY. So my '17 points were for trips between feb 1 2017 through Jan 31 2018.

Except that I borrowed some of them (I think of it as pulling them) so they became 2016 points. That meant they were for trips between feb 1 2016 through Jan 31 2017.

We have no 2017 points right now due to borrowing for a December 2016 trip and using the rest in their own UY for Princess last weekend.

My 2018 points are "naturally" good for a trip feb 1 2018 through Jan 31 2019. If I borrow them that turns them into 2017 points that I could use now. If I bank them that turns them into points usable for trips starting feb 1 2019!


And Feb is the simplest because it's the closest to the normal year cycle. I cannot imagine the headaches December UY people go through!

Thank you!! December would be hard.. there are lots of december uy for sale.... maybe thats one reason!

 

[KAT4DISNEY]

Thank you!! December would be hard.. there are lots of december uy for sale.... maybe thats one reason!

Each resort has various allocations for the UY's. AKV is skewed heavy for December.

 

[Wakey]

If you didn't want to borrow too many from 2020 you could I think buy 24 single use points at I think $15 pp

 

[supersnoop]

If you didn't want to borrow too many from 2020 you could I think buy 24 single use points at I think $15 pp

You can only buy those at 7 months. I believe the OP is booking during the home resort priority period.

 

[Wakey]

You can only buy those at 7 months. I believe the OP is booking during the home resort priority period.

Ah yes thanks Snoop, another rule that had slipped my mind.

 

[MamaBear12]

And Feb is the simplest because it's the closest to the normal year cycle. I cannot imagine the headaches December UY people go through!

We're planning to buy Dec UY and I've already created a spreadsheet to help me keep the dates straight...

Just to clarify: when booking a reservation, banked points are automatically used first, correct? You don't have to designate whether you want to use the banked or current points? Thanks!

 

[Wakey]

Correct I made a booking last week with part banked and they go first.

 

[MamaBear12]

Each resort has various allocations for the UY's. AKV is skewed heavy for December.

Since Dec is more available for AKV, can you typically buy those contracts for less (supply/demand), or does that not really impact the price?

 

[Wakey]

I have not noticed use year has any impact on price but I could be wrong.