Banking Points

[sabina720]

Hi All, we are new members and got all of our 2010 points with our purchase with an April use year. When do these need to be banked if we want to use them in 2011, or are we too late? If we are able to bank them, then when do they have to be used by in 2011? Thanks!

 

[chalee94]

Hi All, we are new members and got all of our 2010 points with our purchase with an April use year. When do these need to be banked if we want to use them in 2011, or are we too late? If we are able to bank them, then when do they have to be used by in 2011? Thanks!

April 2010 UY pts are valid for stays from April 1, 2010 to March 31, 2011.

You must bank them by November 30, 2010. If you bank them into your 2011 UY, then they are valid for stays from April 1, 2011 to March 31, 2012.

Remember that banking is a "final" transaction. You cannot re-bank pts that have already been banked once, nor can you borrow them...they are "stuck" in your 2011 UY where they will expire if not used. (The same is true of borrowing pts - you can't undo it.)

More info on use year here if you need it:

http://www.disboards.com/showthread.php?t=1942668

 

[KAT4DISNEY]

And if you know you want to bank them you can do it now.

 

[sabina720]

Great, that doesn't seem to complicated. The only thing is we are going in May of 2011 on rented points, so if I bank these, there isn't a very great chance that we will be able to go again before March 2012, so I guess I can try to rent them. Thanks so much! I'm sure I will have more questions once I get all of my info

 

[mdsd8700]

I started reading this thread because as I was thinking about my upcoming reservation, I realized I was confused about something and I was trying to think it through, but honestly am not sure. So I figured I would put it out here.

I have read the thread about UY several times and it makes sense to me, sometimes though I have a problem taking it from words to actual use. As well as the ins and outs of banking and borrowing sometimes cause me to pause and think.

Here is my question and I hope that I am clear. I am going to make my first reservation in a couple of days at my home resort of BLT for next June. I have banked my 100 2009 points (August UY, so good until August 2011). I will have my 100 2010 points available (good until August 2011 as well). I need exactly 200 points for the reservation so I am all set with that. However is a good idea to bank my 2010 points first? Not even sure if that is possible since August has come yet. I know the 2009 points have to be used by August of next year no matter what or they are gone. However the 2010 points would be good until August of 2012 if they were banked. If I have to cancel after my March banking deadline then the 2010 points must be also used by 2011. So in my head if I banked the 2010 points they will be good until 2012 and although a cancellation would mean I lose the 2009 points I would at least still have the 2010 points through August 2012. I know banking and borrowing are final transactions. I hope that made sense. I know I have asked similar questions before and I apologize, I am trying to figure it all out and seem to keep tripping myself up.

Thanks so much you.

 

[JimMIA]

I started reading this thread because as I was thinking about my upcoming reservation, I realized I was confused about something and I was trying to think it through, but honestly am not sure. So I figured I would put it out here.

I have read the thread about UY several times and it makes sense to me, sometimes though I have a problem taking it from words to actual use. As well as the ins and outs of banking and borrowing sometimes cause me to pause and think.

Here is my question and I hope that I am clear. I am going to make my first reservation in a couple of days at my home resort of BLT for next June. I have banked my 100 2009 points (August UY, so good until August 2011). I will have my 100 2010 points available (good until August 2011 as well). I need exactly 200 points for the reservation so I am all set with that. However is a good idea to bank my 2010 points first? Not even sure if that is possible since August has come yet. I know the 2009 points have to be used by August of next year no matter what or they are gone. However the 2010 points would be good until August of 2012 if they were banked. If I have to cancel after my March banking deadline then the 2010 points must be also used by 2011. So in my head if I banked the 2010 points they will be good until 2012 and although a cancellation would mean I lose the 2009 points I would at least still have the 2010 points through August 2012. I know banking and borrowing are final transactions. I hope that made sense. I know I have asked similar questions before and I apologize, I am trying to figure it all out and seem to keep tripping myself up.

Thanks so much you.

Short answer: do NOT bank your 2010 points. Your June 2011 vacation falls within your 2010 UY, and you'll use your banked 2009 + regular 2010 points = 200. You're good.

If you bank the 2010 points, you'd have to borrow all 100 of your 2011 points for the June 2011 vacation, and that's the worst of all possible worlds.

 

[KAT4DISNEY]

I started reading this thread because as I was thinking about my upcoming reservation, I realized I was confused about something and I was trying to think it through, but honestly am not sure. So I figured I would put it out here.

I have read the thread about UY several times and it makes sense to me, sometimes though I have a problem taking it from words to actual use. As well as the ins and outs of banking and borrowing sometimes cause me to pause and think.

Here is my question and I hope that I am clear. I am going to make my first reservation in a couple of days at my home resort of BLT for next June. I have banked my 100 2009 points (August UY, so good until August 2011). I will have my 100 2010 points available (good until August 2011 as well). I need exactly 200 points for the reservation so I am all set with that. However is a good idea to bank my 2010 points first? Not even sure if that is possible since August has come yet. I know the 2009 points have to be used by August of next year no matter what or they are gone. However the 2010 points would be good until August of 2012 if they were banked. If I have to cancel after my March banking deadline then the 2010 points must be also used by 2011. So in my head if I banked the 2010 points they will be good until 2012 and although a cancellation would mean I lose the 2009 points I would at least still have the 2010 points through August 2012. I know banking and borrowing are final transactions. I hope that made sense. I know I have asked similar questions before and I apologize, I am trying to figure it all out and seem to keep tripping myself up.

Thanks so much you.

You do not want to bank the 2010 points if you want to use them for a June trip in 2011. If you bank the 2010 points then they are only eligible to be used on trips taken from Aug 1, 2011 to July 31, 2012 and your only option would be to borrow your 2011 points for the June trip. Your difficulty is that you will be traveling past your banking window so if a cancellation is necessary and you do not do it prior to March 31st 2011 then you will have the 200 points that will need to be used prior to July 31st or they will expire.

Just realize that anytime you bank or borrow you are changing both the start and end date that the points can be used. You are not extending just one or the other if that makes sense.

 

[Sandisw]

Here is what I do to help me when figuring out what I can and can not use for trips.

First, I figure out what UY my trip will happen. In your cae, with an Aug UY, your June 2011 trip will take place in your 2010 UY.

Once you know the UY for the travel, then knowing which points can be used is easier to figure out.

A trip in a 2010 UY can use banked 2009 points, current 2010 points, and borrowed 2011 points.

So, in your case, as others have said, banking your 2010 points would make them no longer eligible for your trip as they would no longer be part of your 2010 UY, but part of your 2011 UY.

Unfortunately, traveling in June with an Aug Uy is tricky if you have to cancel or change your plans. There really is no way to extend the life of those 2010 points beyond July 31st, 2011 if you had to cancel that trip after your banking deadline in March.

 

[mdsd8700]

Just realize that anytime you bank or borrow you are changing both the start and end date that the points can be used. You are not extending just one or the other if that makes sense.

Thanks I guess I didn't realize that it changed both the start and end date or at least I didn't think that through all the way.

Sandisw, I shally copy and save your answer and put it in my DVC Notes. That will help me in the future to keep things straight!

Once again my thanks you Veterans with your wealth of knowledge and ability to help out with any and all questions is invaluable and greatly appeciated!