cancelling a ressie made with banked points?

[mathgeek]

I'm sure this has been asked, but I looked in my Member's Guide and did a search here and couldn't find the answer.

Here's the hypothetical: say I make a reservation for April 2009 using both banked points from 2008 and current 2009 points but then decide to cancel it with the intention of making a summer 2009 reservation with those same points. When that ressie is cancelled do all of the points get returned to the 2009 points? I am hoping that they do and that we would not lose those banked points.

I figured someone here would know the answer. This is the first time we've had to bank instead of borrow points so it's a new situation for us.

Thanks!

 

[dianeschlicht]

What is your use year? If you are within your '09 use year for the '09 trip and needed to use both banked, current and borrowed points, yes all the points would be stuck in your '09 use year upon cancellation. If you look in the guide book, it tells you that banking and borrowing are non-reversible transactions.

 

[RobDoc]

Yes, as long as the reservation is cancelled 31 or more days before arrival - all points used will be returned to your account. If cancelled 30 days or less before arrival - the points will be returned as Holding Points and could then only be used to make a reservation no more than 60 days ahead - these points cannot be banked. If cancelled on the arrival day, the points are considered used and will not be returned to your account.

Points will always be returned to your account when a reservation is cancelled at least 1 day before arrival. If they are current points, they could still be banked (based on banking deadlines). If they are banked points, they must be used prior to the end of the Use Year into which they were banked. If they were borrowed points, they cannot be banked and must be used prior to the end of the Use Year into which they were borrowed.

 

[mathgeek]

Thanks for the quick responses. I knew I'd get the info I needed here.

dianeschlicht - we have a March UY, so both the possible April and summer trips would be within our 2009 UY.

I knew that both banking and borrowing are non-reversible transactions, but the guide book has a lot more about borrowing than banking in it. I just wanted to make sure that these banked points don't disappear with a cancellation just b/c they were banked. I thought they'd be treated like current year points until the end of the UY when they either have to be used or they expire, but like I said, I have no experience with banking points yet so please bear with me.

Thanks!!!