Borrowing, banking and UY

[dvcdream4fld]

M sure this has been discussed a lot, but I just received my member number this week. I have a march UY and I don't have points until march 2015. In September 2014, I can book at any dvc resort (assuming a room is available) from September 2014 to March 2015 (7 month window). However, if I were to book a resort before March 2015, then I would have to borrow points. If I borrow points and I have to cancel then I would stuck using those points before march 2015 or they would be lost. In September 2014, I can book my home resort from September 2014 to July 2015. The borrowing points before march 2015 still applies?

If I book in March 2015 or later, I can borrow points from 2016. However, if I borrow then the use or lose it rule applies.

 

[disneynutz]

Points have to be available in the UY for your reservation dates, not the date you make the reservation.

If you bank or borrow points, they have to be used in the UY that you moved them into or you will lose them.

Bill

 

[RobDoc]

M sure this has been discussed a lot, but I just received my member number this week. I have a march UY and I don't have points until march 2015. In September 2014, I can book at any dvc resort (assuming a room is available) from September 2014 to March 2015 (7 month window). However, if I were to book a resort before March 2015, then I would have to borrow points. If I borrow points and I have to cancel then I would stuck using those points before march 2015 or they would be lost. In September 2014, I can book my home resort from September 2014 to July 2015. The borrowing points before march 2015 still applies?

Once your resale points are loaded into your account by MS, you can make reservations at your home resort 11 months ahead. If you were making a reservation today, you could reserve dates from today through July 29, 2015 at your Home Resort and from today through March 29, 2015 for other DVC resorts (all based on availability).
Yes, for dates earlier than March 1, 2015 you will need to borrow points from your March, 2015 Use Year - and if that reservation is later cancelled, those borrowed points will need to be used for a reservation before February 28, 2015 or they will expire. Borrowed points cannot be returned to their original Use Year or banked.

If I book in March 2015 or later, I can borrow points from 2016. However, if I borrow then the use or lose it rule applies.

Yes, for reservation dates March 1, 2015 - February 29, 2016 - you can use points from your 2015 Use Year and borrow from your March, 2016 Use Year and the same policy would apply to cancelling a reservation made with borrowed points.

 

[DebbieB]

M sure this has been discussed a lot, but I just received my member number this week. I have a march UY and I don't have points until march 2015. In September 2014, I can book at any dvc resort (assuming a room is available) from September 2014 to March 2015 (7 month window). However, if I were to book a resort before March 2015, then I would have to borrow points. If I borrow points and I have to cancel then I would stuck using those points before march 2015 or they would be lost. In September 2014, I can book my home resort from September 2014 to July 2015. The borrowing points before march 2015 still applies?

If I book in March 2015 or later, I can borrow points from 2016. However, if I borrow then the use or lose it rule applies.

All points use is based on date of stay, not when you make the reservation. With a March use year, if you check your account on the DVC website, you should see March 2014, 2015, 2016, 2017. There's no waiting to borrow points, you don't have to wait for points to "deposit".

Your 2014 use year is 3-1-14 to 2-28-15. For any stays between the those dates you can use banked 2013, current 2014, borrowed 2015.

Your 2015 use year is 3-1-15 to 2-29-16. For any stays between the those dates you can use banked 2014, current 2015, borrowed 2016.

 

[chalee94]

here is a useful thread you might want to bookmark:

Understanding Use Year

 

[dvcdream4fld]

Thanks everyone. We were going to see if we catch a 1-2 day reservation December and
Hope to get the days off . I know it's not likely we will find something, but we have never been to see holiday decorations.

 

[dvcdream4fld]

Oh yeah, I forgot to ask, even if I had points this year would I still lose points if I cancelled a December reservation? I think there is drop dead date to bank points based on my march UY.

 

[dvcdream4fld]

Sorry. One more question...if I found someone to trade/transfer points who had points left this year. Would I be able to bank those points for next year? I am trying to find a way not to lose points.

 

[RobDoc]

Sorry. One more question...if I found someone to trade/transfer points who had points left this year. Would I be able to bank those points for next year? I am trying to find a way not to lose points.

Members can bank points during the first 8 months of their Use Year - for a March UY, you may bank current points thru October 31. If you had to cancel a December reservation after 10/31, the 2014 UY points would need to be used by 2/28/15.

Transferred points may be banked. If you can find a member to transfer their points into your contract, they could be banked. I can't recall a post saying that they have not been allowed to bank transferred points even if they are beyond the usual banking deadline. Regardless, transferred points will retain their original Home Resort and Use Year status. If you could transfer points into your account from someone with a June, 2014 (or later) Use Year, you would have more flexibility regarding banking the transferred points into your 2015 Use Year due to the later banking deadline for those points in the event of a cancellation. However, if you canceled within 30 days of arrival, the points would go into the Holding Account and still could not be banked. The Holding Account means that those points can only be used to make a reservation within 60 days of arrival.

 

[dvcdream4fld]

Awesome answer! Seems like I found my loophole. Now I gotta make some dvc friends...lol