Borrowing then canceling

[jberndt10]

Speculatively considering booking a trip next September 2020 after I can borrow my December UY 2020 points. If I do cancel what happens to those borrowed points? Do they have to be used by a certain date, can they be banked? This makes my head spin....

 

[Great3]

If you borrowed, make sure you are going to use them.

For example, say you have Dec. UY, 100 points contract.

If a reservation needs 150 points, than you need to borrow 50 points from Dec. 2020 UY.

If you do that, and than cancel, those 50 points now stay in the 2019 UY, and the points will expire at the end of Nov 30th, 2020.

You can't un-borrow borrowed points. So, don't borrow unless you are certain you are going to use the points.

ETA: If you already borrowed (those points already now in 2019 UY), than what you can do is banked your 2019 points into 2020 UY, so that the old 2019 points starts Dec. 1st , 2020 and expires on Nov. 30th, 2021, so in a way you can kinda undo the borrowing, in a round about way. But than you don't have any flexibility in 2020 like you would normally have if the points were originally 2020 UY points.

Just remember that banking and borrowing are final transactions and can not be undone. Since you are traveling late in your Dec UY (A Sept trip), should you have to cancel, you don't have much time left, and must use up those borrowed points by Nov. 2020, so there are lots of risk there.​

Hope that helps.

Great3

 

[jberndt10]

Our 2019 points are already gone....guess we need to buy more!

 

[Sandisw]

You mention waiting till you can borrow, You can borrow now from your Dec 2020 UY for a Sept 2020 reservation, since you have hit the 11 month window.
Everything is based on time of travel and not when you call, You do not need to wait till your 2019 UY starts to borrow.

Having said that, borrowing for a Sept trip with a Dec UY is very risky. if you had to cancel or change trip, you’d have to use them by November 30th, 2020.

Since fall is such a busy time, it might be very difficult to find rooms to book if that happened.

 

[jberndt10]

Thanks, I thought we had to wait. I appreciate the info, I just wish you could “unborrow” the points. I guess we could rent out our time since it’s during F&W.

 

[The Jackal]

Our 2019 points are already gone....guess we need to buy more!

I know this feeling all to well.

 

[jerseyduke]

You mention waiting till you can borrow, You can borrow now from your Dec 2020 UY for a Sept 2020 reservation, since you have hit the 11 month window.
Everything is based on time of travel and not when you call, You do not need to wait till your 2019 UY starts to borrow.

Having said that, borrowing for a Sept trip with a Dec UY is very risky. if you had to cancel or change trip, you’d have to use them by November 30th, 2020.

Since fall is such a busy time, it might be very difficult to find rooms to book if that happened.

Spot on on every count.

You can borrow now (people get so confused with this)

It is very risky, if you cancel the points will be very difficult to use as you are at a point in time when availability is limited.

If you think you could cancel, I would not borrow the points. September is a low point in the Disney Calendar and you can often get good cash rates. If need be you could then rent out your 2020 points in 2020 to offset the cost. At least this way, if you cancel, you get your money back. Just a thought.

ETA:
I think renting out a ressie is tricky. Again Sept often offers very nice discounts on rack rates - it may be one of the most appealing time to pay cash for a room. Also, people need flights. People want the 60 day fast pass window. If you dont put the ressie up for rent far in advance it may not be easy, or you may have to take less $$

Also, you mention F&W. Unless your ressie is at Boardwalk or BC, it will not fetch much of a premium if any at all.

 

[Debbie Jean]

Easiest way to remember: banking and borrowing are final transactions. Once they have been moved, you cannot un-move them.