Banking Points Question

[nezy]

I have a question re: banking points.

Is the percentage of points banked based on the TOTAL # of points owned (w/in the same use year) or is per DVC location?

I.e. if I have 150 pts at OKW, and 100 pts at Vero, and 100 pts at HH, is the banking time for all or each individually? I am not sure if I explained this right.

 

[Disney Doll]

Banking is not based on the # of points you have, it is based on the time of the year. Somewhere in the member GUdebook is a table that tells you when you have to bank points by. Obviously, the closer you get to your next Use Year month, the less points you can bank.

For example, we have a September use Year contract. We can bank 100% of any remaining points if we do so by March 31. We can bank 75% of any remaining points if we do so by May(I think), and 25% of any remaining points if we do so by July(I think). While I'm not 100% sure if the actual months I'm quoting there are correct, you get the idea.

My best advice is, plan your vacations and figure out how many points you'll need for each, and then bank the rest of your points ASAP.

Worst case scenario if you bank early, and then want to do a spur of the monet thing, is that they'll borrow "regular" points from your next year's use year(because once points are banked thay cannot be used until you are actually in the next use year). This isn't usually a huge issue because you'll still have the banked points that were sent into the next year's use year.

This sounds kind of confusing, but Ihope you get what I tried to explain.

 

[RobDoc]

Originally posted by nezy
I have a question re: banking points.

Is the percentage of points banked based on the TOTAL # of points owned (w/in the same use year) or is per DVC location?

I.e. if I have 150 pts at OKW, and 100 pts at Vero, and 100 pts at HH, is the banking time for all or each individually? I am not sure if I explained this right.

Banking is based on the total number of points in the contract (NOT on the remianing available points).

If you own 350 points- you have 6 months to bank up to 100% of those points. You will have up until 9 months to bank up to 50% of the total (175 points in this case) and up to 10 months to bank up to 25% (88 points). That is the collective total number you can bank at those intervals.

The total is not based on the number of unused points, but is based on the actual total. If you have already banked 200 points at 6 months, you cannot bank any more points by the other deadlines since you will have already exceeded 50% of your total.

I think your question asks "If I bank 150 OKW points at 6 months, may I still bank 50 VB points by 9 months?" I think MS will treat each contract as a separate entity in this case and allow a little lattitude in this example since they do represent different resorts. If you owned 150 at OKW and then had add-on contracts of 100 and 100 also at OKW, I'd expect the total at OKW would be the basis used for the percentages.

I have a contract which contains points from two resorts (OKW and HH). I have always banked points separately from each resort, but have always done so within the 1st 6 months so I don't have first hand knowledge of being able to exceed the 50% rule in that fashion.

That would be a good question for MS to answer. I can see where the policy could be interpreted either way using the example stated.

 

[PamOKW]

I've had this same question myself and I'm not sure if I ever got an answer. It's not addressed in the current Member Handbook.

 

[Caskbill]

I have an OKW contract with an add-on, and also another OKW purchased thru resale which has a different use year month.

These two contracts are treated totally separately even though they are both at OKW. Naturally this is because they have different use year months so the banking deadline dates are different for each.

So I can confirm that different contracts with different use year months are definitely treated separately from each other. This is as you would expect.

Don't know about if they have the same use year month. Doc's answer covered that possibility.

 

[Dean]

I am not certain but from what I've heard, it appears that the total points in one use year for all contracts is the denominator. That's good as you have more banking flexibility. I'd definitely ask MS on this one to be certain and not get in a pickle.

 

[manning]

It is total number of points, not remaining number of points.

 

[nezy]

DEAN-I think you seemed to have answered my question, although I will check w/MS.

My concern was not the "WHEN" but the # in that are all contracts with the same use year considered as a whole or individually. For some reason I too think it is for ALL contracts combined w/in same use year. I will have to verufy w/ MS.

It is so depressing looking at my points and realizing that I am in a borrowing situation!!