Cancelling a reservation

[rnorwo1]

I just rec'd my planner and I'm thinking about our first trip, but I couldn't make sense of the cancellation policies. Can someone explain them, in particular what exactly does the "holding" of points mean if you cancel? Does that happen with any cancellation or just when it's within 30 days of arrival date? And what does it mean about the points going back into the same UY? For ex, I have a Dec UY... if I bank 2007 points and book a trip for 2009 using the 2007 and 2008 points and I have to cancel, do they both go back into the 2008 UY or do I lose the 2007 points?

 

[RobDoc]

As long as you cancel more than 30 days before arrival, any points used will be returned to your account.

If they were borrowed points or banked points, they will expire at the end of the Use Year.

If you cancel 30 days or less before arrival, the points will go into a "Holdong Account" which means they may only be used to make a reservation within 60 days or arrival.

If you have used banked points from your 2007 Use Year they will be returned to the 2008 Use Year (as banked points) and will expire at the end of your 2008 Use Year.