Banking Points Rules

[DVCERSINCEDAY1]

Can someone update me on the new, simpler rules for banking points in terms of amount, timeframe, etc. thank you.

 

[Granny]

You can bank 100% of your points in the first 8 months of your UY. After that, you cannot bank any of your points.

 

[Chuck S]

Here is the new banking deadlines chart from the DVC website:

 

[dianeschlicht]

This really changes our membership SIGNIFICANTLY! We have a March use year. Since we usually like to vacation from December through May, it means all of our December, January and February trips will put our points in pretty great jeopardy. Maybe I'll have to increase the number of March and May trips we take.

 

[kdepot]

we just bought with a Dec UY and our guide told us if we knew we were comming back before Dec book now if not bank by july 31st. We banked because he also said if we changed our mind we could just borrow uy 08's points. That could work for you. Bank your points in OCT then Borrow what you need from the nexy uy. when you make your trips after March you use the banked points then. I think that sounds right. Any experts to verify my thoughts??

 

[bwvBound]

we just bought with a Dec UY and our guide told us if we knew we were comming back before Dec book now if not bank by july 31st. We banked because he also said if we changed our mind we could just borrow uy 08's points. That could work for you. Bank your points in OCT then Borrow what you need from the nexy uy. when you make your trips after March you use the banked points then. I think that sounds right. Any experts to verify my thoughts??

You could do that -- but in my opinion the practice of banking early and then borrowing back gets messy quickly. Diane is still at risk if she needs to cancel her Dec-Feb trip plans. The borrowed points must be used before the end of Feb -- not giving her any greater cushion than using her current year's points for the same reservations.

 

[SuzanneSLO]

we just bought with a Dec UY and our guide told us if we knew we were comming back before Dec book now if not bank by july 31st. We banked because he also said if we changed our mind we could just borrow uy 08's points. That could work for you. Bank your points in OCT then Borrow what you need from the nexy uy. when you make your trips after March you use the banked points then. I think that sounds right. Any experts to verify my thoughts??

While this is an option to give you more flexibility if you bank your points then need points in your current UY, it doesn't solve Diane's issue. Her problem is that if she cancels a December, January or February vacation after her Sept banking deadline, she still need to use those points before the beginning of March or she will lose them. If she borrows for the next UY for those vacations and then cancels, the result is no better; she will still need to use them by the beginning of March or she will lose them.

-- Suzanne