Banking Points

[stephen11]

I have 250 BWV points with a March use year. I have 163 points left this year. At the end of this month, I can bank 100% of my points. I was thinking of banking 38 points now, and then in November (if I don't plan any trips before March), I will bank the balance of 125.

Will this be o.k.??

Steve

 

[Donald is #1]

I don't think so. I think that you will need to bank them by the end of August. Between September and November, you can only book up to a total of 50% of your points. So, if you booked 38 now, then in November, you will only be able to bank 125 - 38 already banked = 87 points.

 

[stephen11]

Thanks so much for your response...I'm still a little confused. If in November, I can back 50% of my points and I own 250, than shouldn't I be able to bank 125 (even if I've already banked 38)

Steve

 

[LisaS]

"Donald is #1" is correct. You can bank up to 100% of your points at any time during the first 6 months of your Use Year. During months 7-9 of your UY, you can bank up to 50% of your annual allotment including any points already banked. So in your case, during months 7-9, you could bank up to 125 points, minus any points already banked. So if you bank 38 points during your 100% banking window, then you could bank up to 125-38=87 points during your 50% banking window.

During the 10th month of your UY (the month of December), you can bank up to 25% of your annual allotment including any points already banked. So in your case, that would be 62 points minus whatever you banked between Mar 1st and Nov 30th. If you had already banked more than 62 points during those first 9 months of your UY, then you cannot bank any more points during your 25% window.

So if you want to bank all 163 points, you will have to do it between now and the end of August when your 100% banking window closes.

 

[Deb & Bill]

From 7 to 12 months, you can bank 100% of your point.

From 4 to 6 months, if you still have points to bank, you can bank up to 50% of your total points.

3 months out, if you still have points to bank, you can bank up to 25% of your points.

2 months or less, you can't bank any more.

Banking percentages are based on the total annual allotment of Vacation Points regardless of the number of Vacation Point banked at any given time for any given Use Year. That means, in Nov, you can bank up to 125 points total. So you could only bank 87 more points, like Donald is #1 said.

You could go ahead and bank all of them. Then if you decide to take a trip towards the end of your UY, you could borrow from the next year.

 

[LisaS]

At the end of this month, I can bank 100% of my points.

I just wanted to clarify one more thing. If you want to bank more than 50% of your points, you can do so at any time during the first 6 months of your Use Year. You don't have to wait until the end of August to do so.

 

[stephen11]

Thank you all so much. I will probably bank all 163 points before the end of August. So far, we don't have any plans after our (already booked) Sept. trip.

I thought I might be able to keep some points in this use year in case we decided to book a trip before November.

Thanks again,
Steve

 

[ScottakaMickey]

Thank you all so much. I will probably bank all 163 points before the end of August. So far, we don't have any plans after our (already booked) Sept. trip.

I thought I might be able to keep some points in this use year in case we decided to book a trip before November.

Thanks again,
Steve

Steve, Its probably better to bank now, and then if something does come up you can always borrow. You won't be borrowing your banked points, but your next UY points, but effectively its the same. You just have to make sure that your resevations for the next UY use your banked points first.

 

[dianeschlicht]

Thank you all so much. I will probably bank all 163 points before the end of August. So far, we don't have any plans after our (already booked) Sept. trip.

I thought I might be able to keep some points in this use year in case we decided to book a trip before November.

Thanks again,
Steve

I'd just go ahead and bank them. If you decide to do a last minute trip, you can always borrow them from '08. We have done that several times when we have banked early.

 

[stephen11]

Thank you all for the great advice. I will be banking the points within the next week.