Banking points schedule for a December Use Year?

[Dman67]

Anyone know the schedule for banking points on a December Use Year contract? When do I lose the ability to bank all the points? When do I lose the ability to bank 50% of the points?

 

[FamilyGuy]

Banking deadlines for a Dec use year would be as follows:

thru May 31st, up to 100%
June 1st - August 31st, up to 50%
Sept 1st - Sept 30th, up to 25%
After Sept 30th, no banking of current use year points...

Hope that helps!

 

[Dman67]

Banking deadlines for a Dec use year would be as follows:

May 31st, up to 100%
June 1st - August 31st, up to 50%
Sept 1st - Sept 30th, up to 25%
After Sept 30th, no banking of current use year points...

Awesome! Thanks for the info!

 

[FamilyGuy]

My pleasure.

Did you take the plunge yet?

 

[Dman67]

My pleasure.

Did you take the plunge yet?

Yep! Currently in ROFR on a 150 point contract for SSR (Dec UY)

 

[FamilyGuy]

Good luck Dman67, and a warm 'Welcome Home'. We love SSR...

 

[LisaS]

I keep this webpage book marked: http://members.cox.net/disneyvacationclub/pages/Charts/charts.htm

It's from VAScubaGuy's "Unofficial DVC" website: http://members.cox.net/disneyvacationclub/

 

[byoung]

Good luck Dman67, I have a Dec UY at BWV and love it.

 

[pgrill]

I am in the process of closing on a small (40 point) BWV contract with a December UY. I will have all of my 2007 points. Since they are 2007 points, do I have until May 31 of 2007 to bank 100% or May 31 of 2008 to bank 100% since I don't get my points until Dec 2007? I find this Dec UY a little confusing, but really wanted this small starter contract. I know I will be adding on. HELP!

 

[shaq_d]

You get your 2007 points in December of 2007. You have til end of November 2008 to use those points. So your banking dealines would be May, August, and September of 2008. Once banked, you will have til the end of November 2009 to use these points.

 

[Boston5602]

Also for the new owners , those dates are true , but you have until the last day Member Services is open of that month. You have until May 31 for 100% banking , but if Member services is closed that day you have to do it BEFORE that date.

 

[Deb & Bill]

Once you are a member, you will have a reminder on the DVC Member website with the information on your points page.

 

[pgrill]

Thanks for your responses. I now understand my banking deadlines with my Dec UY. As I said, I will be trying to add more points from Disney once I close and become a member. Until then, I need help in planning my next trip with the points I have in case I can't get more points in time.

I will close on my 40 point contract probable sometime in May. I want to plan a trip for June '08. I need a two bedroom std view Sun-Thur, I figured 160 points. I will be trying to make the reservation in July '07 at my 11 month window. I am a little confused as to how many points I can get out of my 40 point contract for this trip. I know I can use Dec '07 points as they will be good until Dec '08. I think I can borrow Dec '08 points to use as well. This would give me 80 points towards the reservation. Can I borrow any further in advance? If not I will be trying to rent/transfer the other 80 points that I need.

My second question is what size add on should I be looking for if I plan to visit every other year with a 160 point trip? At this point in time I don't want more points than I need to try and keep my MF manageable so I am looking for the ideal number.

Thanks for any help with this Math. You have helped me understand the banking, but I don't quite understand the borrowing yet.

 

[Deb & Bill]

The most points you would ever have to use would be three times your points (banked points from previous year, current year and borrowed points from next year).

You also need to check your contract to make sure you still have Dec 07 points and that they were not borrowed by the previous owner.

For your June 08 trip, the most you would have would be 80 points:

Dec 07 - 80 points (current year)
Dec 08 - 80 points (borrowed)

Have you passed ROFR yet? That could be the stopper.

 

[pgrill]

Yup! We passed ROFR. I got my papers from Timeshare Closing Services yesterday and they say we will be closed in 4-6 weeks.

So according to your reply, I will need 80 points to rent or transfer to make this reservation at 11 months out in July. Right now my hope is that we get closed in time for me to try and purchase an add on of at least 40 points which I think will give me what I need.

Thanks for your response and help in figuring out my situation!!!

 

[Deb & Bill]

You'll need someone to transfer 80 BWV points in order to get the 11 month advantage for booking. If you transfer other resort points, they will retain their UY and resort.

If you rent points, you don't have control over them, so the other member will need to make the reservation for you and you will have to link the two. You will only be able to use your points up to full days. If you have any points left over, save them until next time or bank them. You won't be able to use some of your points with a few of another members points (not transferreed) to make a single day reservation.

For example:
You are able to book three days for 75 points. That leaves 5 points left over that you won't want to borrow. Another member will need to make the reservtations for your other three days for a six night stay.