Depositing points with II

[Merilyn]

I have 72 points that are expiring in Aug. I can't use them by then because we have a grandson on the way. Has anyone ever deposited points into II and used them later. I have used II for several trades but I am not sure how the deposit works. Can we trade to anyplace we want that is available? How long do we have to use them. I do believe I heard something about not using them for a trade within 2 months of the expiration. For me that would be June 30 because my use year is Sept. Does that mean I have to make my deposit by then also? Any information would be a help. I certainly don't want to lose them. Thanks
Merilyn

 

[Happy Birthday Cat]

We purchased a resale contract with many banked points. We weren't able to use them all so we banked them with II before they expired. That got us two more years to use the points. It's been so long now I don't remember all of the details but it was a great way to extend our points beyond their expiration. We ended up using them about 18 months after they originally would have expired for a week on Hilton Head in a Marriott. Dean was a huge help. We were new and didn't have a clue on how to do this type of thing.

HBC

 

[Dean]

Doing deposit first with II is very complicated. Due to all the restrictions, I would deposit 160 points, if you don't, you may be barred from searching for evesn a 1 BR for what you want. Even for a studio off season, the least you'll be able to deposit will be 124 points if I recall the numbers correctly.

You might even look for someone able to use them now in return for giving you points later on. If you decide to do deposits first, I'd rec you decide what unit size, location and time of year you would like to exchange to. Then deposit the number that will allow you to do that search. Also put in the search as far out as possible.

 

[Merilyn]

Thanks Dean. I guess I forgot to add that I knew I would need to deposit more points than the 72. I will want a 2 bedroom and so far have always needed 270 at each place we have gone. I guess I will deposit that many. I may post to the rent/trade board. Someone may use them now and return to me the same in next years use year. Thanks for your help.
Merilyn

 

[Dean]

Thanks Dean. I guess I forgot to add that I knew I would need to deposit more points than the 72. I will want a 2 bedroom and so far have always needed 270 at each place we have gone. I guess I will deposit that many. I may post to the rent/trade board. Someone may use them now and return to me the same in next years use year. Thanks for your help.
Merilyn

Good luck, let us know how it goes. There isn't much info out there about deposit first other than some on late deposits. But tht's a lot of points to throw in to the deposit sto preserve those few. I'd still recomment you rent though out, possibly a few more to round out a reservation. You'd be far better off.