Deadline for depositing into RCI?

[pangyal]

Hi all,

I'm hoping someone with much more knowledge of the RCI exchange can chime in. We have 230 points coming in a contract that are going to be expiring Aug. 31 of this year. By the time we close, there will be maybe two weeks before they're gone. I feel like renting them out would be useless, as the window is way too small and there won't be availability anywhere.

Does anyone know the deadline for depositing into RCI? I've heard 45 days before point expiry, I've heard no deadline, just before expiry, and MS seemed unsure as well.

Thanks in advance! We figure maybe we can get some use out of the points if we are in fact able to deposit and extend their life.

 

[JimMIA]

I've never deposited DVC into RCI, but with most timeshares I think it is any time before the expiration of the points. DVC could be different, and whatever it is, I would certainly be sure to deposit a few days prior just to be sure you are okay.

[ETA: I've heard something about 45 days as well, but I thought you had to make reservations at least 45 days from arrival. I could well be wrong. I've used Wyndham/RCI several times (including into DVC), but never used DVC outbound.]

Also check the specifics of the expiration in RCI of deposited points. With most timeshares, it's two years from the date of deposit, but I believe DVC is different.

 

[DenLo]

This what little information the MS website says:

• You have the option to deposit points into the RCI exchange program for use at a later date. Contact Member Services for more details.

I have heard that the points can be left with RCI for up to 24 months which is the earliest you can book a reservation with them. That is a nice extension of your points that are expiring.

 

[pangyal]

Yes, the website is very vague, and I did call MS, but the person I spoke to was less than knowledgeable, to say the least...

 

[com_op_2000]

Yes, the website is very vague, and I did call MS, but the person I spoke to was less than knowledgeable, to say the least...

Call MS again and ask to speak with a supervisor.

 

[Dean]

Hi all,

I'm hoping someone with much more knowledge of the RCI exchange can chime in. We have 230 points coming in a contract that are going to be expiring Aug. 31 of this year. By the time we close, there will be maybe two weeks before they're gone. I feel like renting them out would be useless, as the window is way too small and there won't be availability anywhere.

Does anyone know the deadline for depositing into RCI? I've heard 45 days before point expiry, I've heard no deadline, just before expiry, and MS seemed unsure as well.

Thanks in advance! We figure maybe we can get some use out of the points if we are in fact able to deposit and extend their life.

Here's the info from the DVC RCI disclosure guide

1. Vacation Time must be deposited with DVC Member Services no more than 11 months (7 months if the DVC Member is depositing Vacation Time from an Originating Resort other than his or her Home Resort), before the commencement date of the deposited week. Deposits of Vacation Time received by DVC Member Services from 45 days and until 14 days before the commencement date of the Vacation Time being deposited also are accepted; provided, however, that such deposits can only be used for an exchange that will occur from 44 days and until 24 hours in advance of the desired travel dates.

Best bet is to ask for a one time banking exception. Next is to rent them if possible, just secure days as soon as you get access then offer those for rent. Depositing after 45 days doesn't really offer much benefit though it's better than losing them completely.

 

[pangyal]

Here's the info from the DVC RCI disclosure guideBest bet is to ask for a one time banking exception. Next is to rent them if possible, just secure days as soon as you get access then offer those for rent. Depositing after 45 days doesn't really offer much benefit though it's better than losing them completely.

Thank you so much for this!

I feel like a dunce, but I still don't understand what the RCI portion you posted is describing. Seeing as these are 2013 banked points that will expire August 31, and we will likely take ownership of these points around August 10th. Does what you posted from the RCI guide mean we can or cannot deposit those points and extend their life? I am confused by the terminology of the 14 and 45 days...

 

[Dean]

Thank you so much for this!

I feel like a dunce, but I still don't understand what the RCI portion you posted is describing. Seeing as these are 2013 banked points that will expire August 31, and we will likely take ownership of these points around August 10th. Does what you posted from the RCI guide mean we can or cannot deposit those points and extend their life? I am confused by the terminology of the 14 and 45 days...

Let me try to help, it is a little confusing for those just getting into it. First, you'll have to deposit by 16 Aug to be able to do so. Again, you're best option is to beg for mercy from DVC. Here's some idea of how the deposit issue works with RCI.

For deposits at 45 or more days out they will expire 31 Dec 2 yrs out and can be used for what's available and on the DVC exchange list with a non refundable exchange fee and for stays less than 7 days, possibly an additional housekeeping fee.

For deposits 15-44 days, you an only book resorts available AND on the exchange list 44 days in advance, so only short notice. And you can't rent an RCI exchange. This is a very low value usage situation, one should never get in this situation if they can help it but of course you don't have control here.

So I'd suggest you have your plans set on what you want in order. #1 beg to bank them but have other plans which might be an exchange or to book rooms and offer them for short notice rental. Just be ready day 1 or write them off, your choice. Let me know if this does not give you enough info.

 

[pangyal]

Let me try to help, it is a little confusing for those just getting into it. First, you'll have to deposit by 16 Aug to be able to do so. Again, you're best option is to beg for mercy from DVC. Here's some idea of how the deposit issue works with RCI.

For deposits at 45 or more days out they will expire 31 Dec 2 yrs out and can be used for what's available and on the DVC exchange list with a non refundable exchange fee and for stays less than 7 days, possibly an additional housekeeping fee.

For deposits 15-44 days, you an only book resorts available AND on the exchange list 44 days in advance, so only short notice. And you can't rent an RCI exchange. This is a very low value usage situation, one should never get in this situation if they can help it but of course you don't have control here.

So I'd suggest you have your plans set on what you want in order. #1 beg to bank them but have other plans which might be an exchange or to book rooms and offer them for short notice rental. Just be ready day 1 or write them off, your choice. Let me know if this does not give you enough info.

Actually, this is great, I so appreciate it!

Looks like begging for mercy it is! Hopefully they are feeling charitable that day. I would request the one-time banking exception that *should* be an option once per contract life, correct?

 

[CarolMN]

Since the points in question are 2013 points that have been banked once already, I really doubt any exception will be made. I have never read of anyone being able to bank points more than once. The "one in a lifetime, super-secret" banking exception is for people who have missed their original banking date for some reason.

If you plan to use the DIS to rent points or a reservation, it's not too soon to read the rules for using the DVC-Rent/Trade Board so that you will be prepared to go as soon as you get into the system.

Good Luck!

 

[supersnoop]

I only had 64 points expiring a resale contract I had. It was pretty much the same situation; points that had already need banked and were expiring in about two or three weeks. I wasn't expecting to be able to use them, so I offered them for rent really cheap at first, and just gave the last few away to other DVC members here.

Once you get access, just book whatever you can and offer it up. Hopefully you weren't expecting to use this points and didn't include them in the value of the contract.

 

[Dean]

Actually, this is great, I so appreciate it!

Looks like begging for mercy it is! Hopefully they are feeling charitable that day. I would request the one-time banking exception that *should* be an option once per contract life, correct?

All you can do is ask, they may say no. We haven't seen much action on this topic since the resale restrictions went into place and since they were banked already, it's not likely but it is possible. You might even call 2-3 times if you don't get the answer you want.

Since the points in question are 2013 points that have been banked once already, I really doubt any exception will be made. I have never read of anyone being able to bank points more than once. The "one in a lifetime, super-secret" banking exception is for people who have missed their original banking date for some reason.

I have seen it but agree the situation makes it less likely.

 

[KAT4DISNEY]

All you can do is ask, they may say no. We haven't seen much action on this topic since the resale restrictions went into place and since they were banked already, it's not likely but it is possible. You might even call 2-3 times if you don't get the answer you want.

I have seen it but agree the situation makes it less likely.

Why would DVC allow banking of points that are already banked? That's more than begging for mercy.....it's asking for something that nobody else can do. If they were Sept 2104 points that the banking deadline had been missed then sure. But banked 2013 points to be banked a second time? I'd disagree.

 

[Dean]

Why would DVC allow banking of points that are already banked? That's more than begging for mercy.....it's asking for something that nobody else can do. If they were Sept 2104 points that the banking deadline had been missed then sure. But banked 2013 points to be banked a second time? I'd disagree.

Personally I'd like to see them set and simply stick to the rules but DVC bends them all the time for personal circumstances. Whether it's over compensation for someone complaining about their stay or free dining for a fairly minor issue. The reason they would do so, if indeed they did, would be to benefit the guest who will otherwise not get to use the points. I have seen them bank previously banked points and I have seen them bank points in holding removing the holding status at the same time. I'm simply saying it's possible even if not likely and they can ask. Odds are against them but it's not an absolute IMO.

 

[pangyal]

Yeah, I know the chances are extremely slim, and we will likely just try to rent them at fire sale prices or let them expire otherwise. But it doesn't hurt to ask, and the worst they can say is no, I figure!