Banking Points?

[Gobigred]

Just overnighted my down payment of my BWV DVC purchase.
Can anyone explain what I am required to do and when if I would bank my points for my December use year?

 

[golfnut1264]

in the memeber guidebook it explains it ...in a nutshell you have the first 6 months to bank 100% of your points 9 months to bank 50% and 10 months to bank 25% ..after that you lose unused points..if you just bought they will allow you to bank your 2002 points..but if you bank them you cant use them until dec 2003-2004....you would have to borrow 2003 to vacation in 2003...it is a little confusing until you read up on it..if you are going to vacation within the year then is no reason to bank the points you will use for the vacation..hope that helps..

 

[Gobigred]

Thanks for your help. Can't wait to get my member handbook!!

 

[RobDoc]

Those with a Dec use year may bank up to 100% of their points until May 31. You can bank up to 50% of the total points by Aug 31 and up to 25% by Sep 30.

The percentages are figured on the total number in your contract- not the remianing points- so if you have 200 total and have banked 100 or more bu May 31- you can't bank any more points for that use year- since you have already banked 50% of the total.

If you later find you'll need points for a trip during the current use year- and have already banked your points- you can still borrow from the following year, just as golfnut suggests.

Enjoy!

 

[Tiggery]

If your buying points now wouldnt it make it a july or august use year?

 

[Dean]

Originally posted by Gobigred
Thanks for your help. Can't wait to get my member handbook!!

The Member Guidebook is available on line. Call your guide or MS and ask them for the name and password to sign on.

 

[DebbieB]

Originally posted by Tiggery
If your buying points now wouldnt it make it a july or august use year?

Sounds like they are buying a resale. I don't think they are selling BWV points direct from DVC to new members.

 

[Gobigred]

Sorry for the confusion. Yes we are buying resale. Also can anyone give me the member services phone number so I can get a password to look at the online member handbook.

 

[RobDoc]

Once you've closed on the resale, you'll be in the DVC computer within a week. You can call and get your member number and begin making reservations at that time.

You may be able to get the member number from your resale broker ahead of time.