Does anyone not bank their points?

[LAX]

The goal of the current rules for banking and borrowing is for members to lose points.
I own another timeshare, all my points are in my account and they expire after 6 years. No banking and borrowing, when I book a reservation points stay in the account and when I checkin points are used automatically from older to newer.
There is really no reason why DVC couldn't use a more flexible system than the current one.

Interesting. How far in advance can you make reservations in that system?

LAX

 

[thanxfornoticin]

We actually find the DVC model to be extremely flexible for our needs. We've never gotten close to losing points, but we are almost never banking and are often borrowing ahead. But the ability to use 3 years worth of points in various situations is awesome. If the one thing I need to remember is I need to bank my points by 'this date' if I have them, I'm good with that. If I remember correctly, I think at one time, the banking requirement might have been 6 months in advance? I might be mistaken, but I seem to remember them many years ago making the improved change to only 4 months in advance. And if I did bank points and then decided to take a short-notice trip? They still allowed me to borrow points - so we've never had an issue with the system.

 

[zackiedawg]

The old system had banking tiers - there was a date by which you could bank 100% of your points (I want to say 8 months out), then it would reduce from there to 50% of your points at something like 4 months out. Apologies if I'm off on the dates or percentages - but I always remembered it was tiered, because there were more than a few times I was worried I missed my banking deadline, only to realize I only had about 10% of my points left to bank, and could still do it.

 

[Sandisw]

The old system had banking tiers - there was a date by which you could bank 100% of your points (I want to say 8 months out), then it would reduce from there to 50% of your points at something like 4 months out. Apologies if I'm off on the dates or percentages - but I always remembered it was tiered, because there were more than a few times I was worried I missed my banking deadline, only to realize I only had about 10% of my points left to bank, and could still do it.

IIRC, it was 6 months for 100%. I know it was less than the current 8 months because one of the benefits when they changed it is that you had longer upfront but no more tiers after.

@drusba would know for sure!

 

[CarolynFH]

The old system had banking tiers - there was a date by which you could bank 100% of your points (I want to say 8 months out), then it would reduce from there to 50% of your points at something like 4 months out. Apologies if I'm off on the dates or percentages - but I always remembered it was tiered, because there were more than a few times I was worried I missed my banking deadline, only to realize I only had about 10% of my points left to bank, and could still do it.

Yes, it was something like that. I had all the deadlines posted at the top of my DVC points planning spreadsheet. But once they changed it to being able to bank up to 100% at 8 months into the UY, I deleted that line very quickly!

 

[drusba]

The old system had banking tiers - there was a date by which you could bank 100% of your points (I want to say 8 months out), then it would reduce from there to 50% of your points at something like 4 months out. Apologies if I'm off on the dates or percentages - but I always remembered it was tiered, because there were more than a few times I was worried I missed my banking deadline, only to realize I only had about 10% of my points left to bank, and could still do it.

The current rule that allows banking of any and all points in a membership by no later than the end of the 8th month of your use year went into effect in Jan 2008. Before then:

(a) you could bank up to all points by the end of the 6th month of your use year;

(b) you could bank up to 50% of your points by the end of the 9th month of your use year (and that was a cumulative total, i.e., any banking you did in the first six months counted toward the 50% total);

(c) you could bank up to 25% of your points by the end of the 10th month of your use year (also a cumulative total, e.g., if you banked 25% of your points during the first nine months, you could bank no more in the 10th month).