Cancellation question

[biged9973]

We are owners at PVB with a 100pt contract with a Dec UY. We currently have a reservation for July 2016 that uses a mix of banked, current and borrowed points. Thanks to the wonderful CDN $ and the fact that I work in the Alberta oilfield we are considering not going on our planned vacation. I am lucky and still have a full time job but $35 oil is making me quite nervous.

My question is what happens to my points if I cancel and when do I need to decide before I would lose my points? I would plan on renting out the points that I couldn't bank if at all possible.

Thanks in advance

Ed

 

[drusba]

You must cancel by 31 days or more before arrival date to avoid all the points going into a holding account, which would result in requiring all of them to be used by the end of your use year and you could reserve only 60 days or fewer out.

If you cancel 31 or more days out for the July trip, points will be returned to your account in the exact status they had when they went into the reservation. Any banked or borrowed points in the reservation will remain banked or borrowed and will have to be used for a trip that ends no later than Nov 30, 2016. You will be able to bank any "current" use year points (Dec 1, 2015 points) into your Dec 2016-17 use year as long you do so by July 31, 2016.