Borrowing Primer

[Melani]

Where can I go to learn more about borrowing and UY and reservations?

I'm really new, in fact we're still waiting to close.

I've tried to search the DISboard, but either it comes back "Sorry" or it just sits there sniffing forever or I get a list of post from 2003 (haven't the rules changed recently)

 

[dcfromva]

What are you hoping to do with your points? (Can you give us your UY and your approx vacation dates, too?)

-DC

 

[Melani]

We are waiting to close on an April UY contract.

If I want to book a Dec. trip at the 11 mo. mark and need to borrow points to do it, but then later want to cancel or shorten the trip - where do the borrowed points go and when do they expire?

 

[5forDiz]

Where can I go to learn more about borrowing and UY and reservations?

I'm really new, in fact we're still waiting to close.

I've tried to search the DISboard, but either it comes back "Sorry" or it just sits there sniffing forever or I get a list of post from 2003 (haven't the rules changed recently)

Check this thread Post #2 by Webmaster Doc for banking/ borrowing :

http://www.disboards.com/showthread.php?t=2020747


And this thread by CarolMN for understanding how Use Year works :

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


If you have any specific questions relating to your contract re how B & B and UY would apply let us know. Hope all goes well with your purchase

Best Wishes ~ Laura

 

[5forDiz]

We are waiting to close on an April UY contract.

If I want to book a Dec. trip at the 11 mo. mark and need to borrow points to do it, but then later want to cancel or shorten the trip - where do the borrowed points go and when do they expire?

Once points are borrowed unfortunately they cannot be "put back" into the Use Year that they were initially from. Borrowed points cannot be banked.
Also, banked points cannot be banked a second time.

If you dropped day or days off your reservation before your arrival then the borrowed points used to make this reservation would need to be utilized during that Use Year (current).

 

[Melani]

Let's say you have to cancel that May, 2010 vacation. You call to cancel it in March, 2010. To make the reservation, you used 200 current use year points (from 2009 use year), 200 banked points (from 2008) and borrowed 100 points from 2010.

After you cancel, you would have 300 points to use or lose before the end of your current use year (9/30/2010) - the 200 that were banked and the 100 that were borrowed.

If you called before the end of May, 2010, you could bank all 200 of your 2009 use year points. Now those points are good for stays between 10/1/2010 and 9/30/2011. They expire on 9/30/2011 if not used before then - you cannot bank the same points more than once.
from "Understanding Use Year - Updated 9/5/08" CarolMN

so, if part of my Dec reservation is made with current and part with borrowed points, and I shorten it by 1 or 2 days - will they return the points as current (I hope) or as borrowed?

 

[5forDiz]

Let's say you have to cancel that May, 2010 vacation. You call to cancel it in March, 2010. To make the reservation, you used 200 current use year points (from 2009 use year), 200 banked points (from 2008) and borrowed 100 points from 2010.

After you cancel, you would have 300 points to use or lose before the end of your current use year (9/30/2010) - the 200 that were banked and the 100 that were borrowed.

If you called before the end of May, 2010, you could bank all 200 of your 2009 use year points. Now those points are good for stays between 10/1/2010 and 9/30/2011. They expire on 9/30/2011 if not used before then - you cannot bank the same points more than once.
from "Understanding Use Year - Updated 9/5/08" CarolMN

so, if part of my Dec reservation is made with current and part with borrowed points, and I shorten it by 1 or 2 days - will they return the points as current (I hope) or as borrowed?

When you call MS to tell them you need to cancel a day or 2 on your reservation you will need to be sure that current Use Year points are being put back because you want to bank them if need be ( that is of course if you are still within the banking window for that current Use Year - I see from your previous post you said the Use Year will be April so November 30 is banking deadline for April Use Year ). You would definitely want to leave the borrowed points in the reservation because the borrowed points can't be put back into the Use Year they came from.

 

[Melani]

Thanks, I'll remember to specify.

So the deadline for banking 100% of an April UY points is Nov. 30th.

Got it.

 

[5forDiz]

Thanks, I'll remember to specify.

So the deadline for banking 100% of an April UY points is Nov. 30th.

Got it.

With an April Use Year you can back whatever amount of that current Use Year points you'd like by November 30th latest.

During December January February & March (last 4 months of Use Year)
you can't do any banking whatsoever.



Laura

 

[jerseygal]

It was nice they mentioned a word of caution about borrowing points.

If you "borrow" points, that is a final transaction..You cannot move them back...I was quite pleased that MS mentioned that or I would not have known as a new member..

 

[Tara]

There is a really good thread here that's all about borrowing and banking...if search will cooperate, maybe I can find it.

 

[Melani]

There is a really good thread here that's all about borrowing and banking...if search will cooperate, maybe I can find it.

You mean I'm not the only one who has problem with the Search feature?

I thought maybe it was my connection or computer or something.

 

[Tara]

You mean I'm not the only one who has problem with the Search feature?

I thought maybe it was my connection or computer or something.

Oh goodness no. I have no idea why search works so poorly, but maybe 1 in 20 searches works for me.