banking points

[rock_doctor]

Hi all,

We are about ready to make a jump into 240 points for BLT but had one last questions. We are buying 240 points but it looks like the average stay will only require about 200 +/- points so we will have about 40 pts left over. Disney is going to give us last years points 240 and this years points 240 for a total of 480 points. We plan to bank last years points (2009) and make a December reservations which will cost us about 200 pts. That will leave 40 still banked and then in the new year we will bank the unused 240 points from 2010 uy. So here is my question...

Do we loose the unused banked 40 points from 2009 or will they allow us to rebank (or keep banked) the 40 pts from the 2009 and add the 2010 points to it? The idea we have is to do an average vacation every year with what every it takes but with some points left over then every once in a while use all of the overages to make a super vacation someplace in the world but i wanted to make sure you do not loose points and can keep banking them. I seem to remember reading someplace that you can only bank points once and if you do not use them after banking them then you loose them. Which did not seem logical since you paid for the use of those points.

thanks for the help, i do appreciate it.

 

[silmarg]

Doc,

You cant re-bank banked points.

So you will need to use those 40 points or rent them out... or risk losing them.

Sil

 

[treehugnmama]

i am new and by no means an expert.(someone will jump in ) Your banked points do expire. You can back them into next year but they have to be used in next years use year. you can not rebank them here is an example:

i am banking 100 of my 09 pts I have an august use year.
they have to be used by july 31 2010.

Im just curious if you only need 200ish points why by 240? It seems like alot of maintence fees for 40 pts if you don't need them? I am not being snarky and I am sure you have your reasons. I would just hate for you to over buy.

 

[Deb & Bill]

Next year you'll use all the banked points and enough of the current year points for your reservation. And you'll bank the left over current year points into the next year (no later than 4 months before the end of your UY).

But I agree. If you won't be using all the points ever, why buy them? Those dues/member fees do add up.

 

[rock_doctor]

we were hoping to save the unused points for a periodic splurge on a better room, cruise or some place elsewhere in the world. Too bad, so on average everybody either looses left over points or borrows from the next year to cover shortfalls... Unless you bought exactly what you need each year, which seems unlikely unless your crystal ball works quite well... Mine keeps telling me to try again later.... We may have to rethink the number of points then. We usually stay from the Dec 26 to Jan 4th which ends up being 193 points for a SV BLT studio (according to three different points calculators). A jump to a single bedroom is a huge points jump and unnecessary for us. Maybe 210 is more in tune with what we want. I know we can easily add on if things change but we have the cash now, that may not be the case in the future. Or maybe one year a standard view and the next a lake or kingdom view....either way 240 seems too much. We promised our guide we would make the down payment on it on Thursday (although, in our minds it is a done deal) so we need to close up the last minute details by then. Thanks for the help it is appreciated.

 

[Deb & Bill]

we were hoping to save the unused points for a periodic splurge on a better room, cruise or some place elsewhere in the world. Too bad, so on average everybody either looses left over points or borrows from the next year to cover shortfalls... Unless you bought exactly what you need each year, which seems unlikely unless your crystal ball works quite well... Mine keeps telling me to try again later.... We may have to rethink the number of points then. We usually stay from the Dec 26 to Jan 4th which ends up being 193 points for a SV BLT studio (according to three different points calculators). A jump to a single bedroom is a huge points jump and unnecessary for us. Maybe 210 is more in tune with what we want. I know we can easily add on if things change but we have the cash now, that may not be the case in the future. Or maybe one year a standard view and the next a lake or kingdom view....either way 240 seems too much. We promised our guide we would make the down payment on it on Thursday so we need to close up the last minute details by then. Thanks for the help it is appreciated.

Last year we banked one point and we thought we were going to lose it. Until we decided to book about two weeks at OKW in May/June last week. But we didn't use six of our current year points, so we banked them into next year. In years past, we have borrowed from the next year.

Just keep banking and asking that they always use the banked points first (which they usually do anyway). Then one year, a few years from now, you'll have nearly double the points to get a two bedroom with a MK view for a longer stay.

But a warning on the BLT studios. They are extremely small and not really meant for more than two persons, no matter what your guide says. Plan on a one bedroom at a minimum.

 

[dzorn]

If you are buying Directly from Disney I would have them break it up into more than one contract. That way it is easier to pass down to kiddos or sell if you find you continually have excess points or want to downsize.

They will use the oldest points first.

240 use 200 bank 40

next year use 200(40 banked points +160 current) bank 80

Third year use 200 (80 banked + 120 current) bank remaining

I wish I was in banking mode, just trying to stay out of borrowing.

Oh and once you try a 1-bed or larger it is very difficult to want to stay in a studio. Love the King bed, washer and dryer and jacuzzi!

Denise in MI

 

[stopher1]

Another thing to consider about purchasing more than you think you need for your desired vacations (time of year, accomodations, etc) - other than point accumulations for a larger room, trip, etc - are the point re-allocations that Disney can do (and has done two years in a row now). So that 200 point trip you currently are looking at could very easily become a 205 or 210 point trip and you'll have less to bank.

When we first purchased and then subsequently added on extra points to ensure we would have enough for our "big" annual trip, we figured we'd purchased enough based on the # of points we thought we needed, with some to spare so we'd never need to go into borrowing mode. Two re-allocations later and yes, we still have enough, but our excess points have diminished from having 12 extra to 2 extra. We do have other contracts at other resorts for our other, non-annual trips to fill the gap - but those are diminished as well requiring more points for the time of year we enjoy. I agree with Deb & Bill that the annual dues add up quickly, but I like your thinking of having a few extra vs. not enough.

 

[Sandisw]

It sounds like that 240 might be a bit much if you know that you will only need 193.

However, I would also look at what it would cost for the other views at BLT as well as the other seasons.

The time you are going is probably a high point time, but since the # of points for each room can be shifted around the points chart, you want to be sure you have enough.

But, it sounds like 220 vs. 240 would work out better. And, if you are getting 2009 points to bank for your Dec 2010 vacation, those points would take you a while to use up.

Whatever you do, knowing that the 2009 points will be lost if you don't use them, plan on getting the upgraded view for that Dec vacation.

And, as PP suggested, get Disney to break up things into smaller contracts (ie: 100, 100 and 40) so that you have flexibility if you find that you have too many point to realistically use.

Good luck!

 

[rock_doctor]

Thanks to all who responded. I told mom what was discussed and she said she would be *mad* if she lost even a single point and then in the same exact sentence said, maybe we will go twice a year. i wonder if we need more points??? We haven't even inked the deal and she is thinking about adding on... We will do the smaller contracts to make resale a little easier. Thanks again.

 

[kimberh]

Well I hate to get a little technical with you, but the way you really can assure yourself that you don't loose a single point, is by Transferring points that you are not going to use. These points cannot be banked or borrowed, they have to be current use year points. Ask your Guide about this, or read the threads on this board. Alot of good information on here. I own 4 Resorts, 6 contracts, never lost a single point.

 

[RobDoc]

Thanks to all who responded. I told mom what was discussed and she said she would be *mad* if she lost even a single point and then in the same exact sentence said, maybe we will go twice a year. i wonder if we need more points??? We haven't even inked the deal and she is thinking about adding on... We will do the smaller contracts to make resale a little easier. Thanks again.

There you go! Going more often is the perfect solution for having "too many" points!

With your original thought you will not be losing any points as long as you are going each year since the banked points are used first and then the current points are used to complete the reservation. The remaining current points may still be banked each year until you reach the total in your contract - in your case, 240 would be the maximum you could bank. By taking an additional trip every few years, extending your stays and trying out larger accommodations you should not have any problem using those additional 40 points before they would be lost. With 240 points, it would take 6 years before you'd be in danger of losing any and one extra trip could easily solve that "problem".

Enjoy!

 

[RLRDA]

i am new and by no means an expert.(someone will jump in ) Your banked points do expire. You can back them into next year but they have to be used in next years use year. you can not rebank them here is an example:

i am banking 100 of my 09 pts I have an august use year.
they have to be used by july 31 2010.

I don't bank points very often (but I know how to borrow them - never seem to have enough! ) so I'm not sure if I'm looking at this correctly. Does your 2010 UY go from August 1, 2009 to July 31, 2010?...or is it August 1, 2010 to July 31, 2011?