Banking Points Confusion

[kab407]

I thought I understood this.....

I just made a reservation for April 2007 using my 2006/07 points. My UY is June.

I may bank the rest of the 06/07 points into my next use year (07/08). The person I spoke to in MS said I can now only back 50% of my points and I have till end of Feb to do that.

For my June UY, I can bank 100% up to end of November. I took that to mean I could bank all of the points that I have remaining in my current use year provided I did it by end of November. From what MS told me, it seems I have to bank my entire allotment of points for the UY by end of November.
Can anyone offer some insight? What am I missing?

Thanks

 

[Chuck S]

It is hard, from your post, to understand exactly what you are asking. I also have a June use year, we received our 2006 use year points on June 1, 2006. You may bank all of those 2006 points by the end of November 2006. If you account also cantains points banked from 2005, those can not be banked into the 2007 use year, they must be used by May 31, 2007.
.

 

[kab407]

It is hard, from your post, to understand exactly what you are asking. I also have a June use year, we received our 2006 use year points on June 1, 2006. You may bank all of those 2006 points by the end of November 2006. If you account also cantains points banked from 2005, those can not be banked into the 2007 use year, they must be used by May 31, 2007.
.

Chuck,

Thanks for the reply. Let's see if this can help.

I have 320 pts for my UY beginning in June with no other points sitting in a banking account. I used 162 for my April 2007 reservation. I would like to bank the remaining 158 into my UY starting June 2007. I though I could bank 100% for the remaining pts (158) as long as I did it my end of Nov. From what MS told me I could only do 50%, or 79 pts and I had until Feb to do that. If I wanted to bank 100%, according to MS, that meant I has to bank my entire allotment or all 320 pts.

What I am asking is what is meant by 100%? Is it the entire amount of points (320 in my case) or can I bank 100% of what I have remaining (158pts) as long as I do it by end of November?

Thanks for the help.

 

[BillPA]

I think I see what is going on. You have 50% plus 2 points 'committed' to the April reservation. This leaves you with less than 50%. You can bank all 320 of your points (100%) by Nov 30th, but you have 162 in that April reservation. The CM must be assuming you do not plan to cancel and bank those 162 points, so you were told you have until Feb '07 to bank the 158 remaining.

I hope this helps.

 

[kab407]

I think I see what is going on. You have 50% plus 2 points 'committed' to the April reservation. This leaves you with less than 50%. You can bank all 320 of your points (100%) by Nov 30th, but you have 162 in that April reservation. The CM must be assuming you do not plan to cancel and bank those 162 points, so you were told you have until Feb '07 to bank the 158 remaining.

I hope this helps.

Bill,

If I understand you correctly, I can bank my remaining 158 pts from Dec 1 till end of Feb when the 50% banking window is open?

My confusion lies in that I'm not clear on what the percentages mean. I thought I did.

Thanks.

 

[scootert]

I thought the percentages were of the total use year points. If you have 162 points, then the 100% refers to all 162 points. When you hit the 50% window, then the maximum number of points you could bank would be 81.

I may have this all wrong, but I thought that was the way it was explained. Sorry if I've further confused you!!

 

[RobDoc]

The percentages are cumulative and based on the total number of points in your contract. You may bank up to 100% of your points thru the end of November. From December 1 thru February 28, you may bank up to 50% of your total (160 points) and any points already banked will count towards that number. You could still bank up to 25% (80) points thru the end of March - again counting any points already banked.

If you were to bank 160 (50%) of your points before the end of November, you would NOT be able to bank any more points during the current Use Year.

When possible, the best policy is probably to bank any points you think you won't need prior to your first banking deadline. If you later wish to make a reservation for that same Use Year, you can still borrow points from the following Use Year.

Banking can be a very confusing concept at times and it's wise to try to have an understanding of the process.

 

[kab407]

Doc,

By George I think I've got it!!!!! Thank you!