Banking restricted?

[bandjbaine]

I had planned to both bank and borrow for a trip in Dec 21 with Dec use year points. Per the new rules, I see I cannot borrow more than 50% of points. Does banking fall under this same category i this case? Or will I be able to bank all dec 20 points for use in Dec 21?

 

[MICKIMINI]

No, just borrowing.

 

[LAX]

I had planned to both bank and borrow for a trip in Dec 21 with Dec use year points. Per the new rules, I see I cannot borrow more than 50% of points. Does banking fall under this same category i this case? Or will I be able to bank all dec 20 points for use in Dec 21?

While it's unlikely for DVD to limit banking after allowing late banking to owners affected by the closure, if you have no intention to use your current UY points before Nov 30, 2020, I would just bank them now in case there are further changes.

I personally proactively cancelled a June reservation and banked all the current UY points about a month ago as soon as I decided I won't be heading to WDW this year. I didn't want to take a chance at that time that the banking rules would be restricted and end up with a bunch of points expiring at the end of November.

LAX

 

[igrsod]

How long does everyone think that the 50% rule on borrowing points will last? I realize no one really knows, but curious what reasonable guesses everyone has.

 

[Sandisw]

I think they will leave the borrowing rule in place for all reservations through At least 2021, possible into spring which would put the rule at least 9 to 12 months.

 

[sethschroeder]

There likely is a booking metric they will be looking for.

I could see this at 2 years on the low side and never being removed on the high side.

 

[marygrcevic]

I understand, but so hard for a large family that needs to bank and borrow-
Finally hit that seven month mark and there's that AKL Grand Villa - all beautiful and bookable, but can't do it without borrowing all..

 

[Dean Marino]

Deleted - avoiding Hate mail.

 

[FreeTime]

I understand, but so hard for a large family that needs to bank and borrow-
Finally hit that seven month mark and there's that AKL Grand Villa - all beautiful and bookable, but can't do it without borrowing all..

And I understand the challenges the borrowing restriction brings to you. But it was never a guarantee. I will plan on scheduling my points in their designated use year going forward knowing that it may mean I have shorter stays to have a villa size that accommodates the family size.

 

[LAX]

And I understand the challenges the borrowing restriction brings to you. But it was never a guarantee. I will plan on scheduling my points in their designated use year going forward knowing that it may mean I have shorter stays to have a villa size that accommodates the family size.

While that's true, any long-term modification to the existing banking and/or borrowing rules will likely curtail the flexibility that DVC is known for. I would imagine if families are forced to buy enough points so that they can go for the same number of days every year, interests in DVC will likely drop.

LAX

 

[Tony]

It's unhelpful for those travelling longer distances, too. I mean, as much as I appreciate Disney, there's a whole other world out there. Astute banking and borrowing meant we could visit every third year. I guess this means we can do the same and just aim to sell off the remaining points, but won't be staying as long.

 

[ozliz]

I understand, but so hard for a large family that needs to bank and borrow-
Finally hit that seven month mark and there's that AKL Grand Villa - all beautiful and bookable, but can't do it without borrowing all..

Might require some work but if you could find someone with current year extra points willing to transfer and then you send them future year points in exchange you could get enough points without having to rent extras or miss your trip.

 

[Sandisw]

It's unhelpful for those travelling longer distances, too. I mean, as much as I appreciate Disney, there's a whole other world out there. Astute banking and borrowing meant we could visit every third year. I guess this means we can do the same and just aim to sell off the remaining points, but won't be staying as long.

Remember, this is only a temporary move due to the closures, Yes, for the next year or so it will be tough for owners who routinely borrow more than 50%, but I do believe it wont be a permanent move

 

[Chuck S]

Sadly, we've had a family trip planned for two years for 11 people for Thanksgiving in 2021, but the wording isn't really clear if borrowing more than 50% will be expired by then, as they extended previously banked 2018 points for 6 months, and 2019 expiring points for 1 year. So that is maybe 3 months of points, total, so it seems quite rash. And when they say "the coming year" it is unclear in the statement if they mean all of 2021, or one year from the WDW reopening date. Since their "six month AND one year chance to use the points" from the canceled reservations will, in all likelihood, be over before November 2021. And most people aren't going to be looking at booking one and two bedroom units, or even a GV, most member will want studios. I imagine if they see 2 bedrooms and GVs sitting empty, they'll relax that borrowing restriction.