Can someone verify that I am doing this right?

[Momof5cubs]

We are new DVC members and have 150 points at SSR (I plan on buying more, but for now only wanted to buy what I could afford to pay off in a short amount of time).
Our use year is August.
We are using 220 points in December (borrowing 70 from 2006)
We are using 30 in June 2006 (borrowing from 2006, as well)

Is it correct that I just ask to borrow when making my reservation? I do it in two seperate phone calls as I reserve my two stays?

I then want to bank the remaining 50 points from 2006 for 2007.

If my use year is August, when do the 50 points need to be banked by?

Thanks

 

[dis-happy]

You shouldn't have any problems when you make your reservations--the CM's I have dealt with have been very helpful with telling me what is being borrowed, what is left over, etc. Not to say you shouldn't have it figured out ahead of time and you want to verify points used and left before you hang up. When I was making a ressie for 2005 using both 2005 and 2006 points, and mentioned one of the rooms might get cancelled if my sister changes her mind, she was careful to not use the borrowed points for that room in order to give me more flexibility. HTH.

 

[dianeschlicht]

You can bank the remaining 2006 points into 2007 after August 1, 2006. No need to do it that soon, but if you for sure want to bank them and don't expect to need them until 2007, I would do it then.

 

[poohj80]

Is it correct that I just ask to borrow when making my reservation? I do it in two seperate phone calls as I reserve my two stays?

You can actually do it all in one phone call and save the extra wait time to get through to MS.

 

[CarolMN]

You don't have to ask to borrow. The CM will just do it if necessary. He/She should tell you about it and remind you that it is a "final" transaction. Actually, you can't borrow ahead of time You need to be making a reservation that requires it.

I have an August use year, too. You have until the end of the following January to bank up to 100% of your total annual allotment. I don't recommend doing it way ahead of time just in case you change your mind and want to use the points in their current use year. (It happens, LOL). I usually bank right after the first of the year - assuming there's anything left to bank, of course! .

If you don't want or need to bank more than half of your points, you have even longer. The 50% deadline is the end of the following April. You cn bank up to 25% of the total allotment if you do it before the end of May. With an August use year, you cannot bank at all in June or July.

Best wishes -