DVC Points

[Tink's Tormentor]

Do DVC points expire? Someone was telling me you can bank points for the next year but, if you don't use them, then they expire.... I don't remember reading anything about this, nor did my guide ever state this.....

 

[drusba]

Yes, they can expire. You can bank points from your current use year to the next use year but those banked points must then be used by the end of that second use year or they will expire. In other words, any allotment of annual points you receive are good for at most two years from the date you receive them.

 

[RobDoc]

Yes points do expire.

If you have a June Use Year your points are "good" for reservations from June 1 to the following May 31. If you choose to bank them they may be used for an additional year (May 31 of the next year) but will expire at that time.

By using banking and borrowing you could have the use of three years of points at one time if desired, but points definitely have a finite perioed where they may be used and will expire after that time.

 

[Tink's Tormentor]

Thanks for letting me know this..... So, in essence, I buy this year... I will get, as per my sales agent, 2007's points and in Feb I get 2008's points... If I buy 160 points, in February 2008, I would have 320 points, banking 2007.... I would have to use the 160 points from 2007 by the end of 2008 or else they expire and I lose them? Now, what if I only use, out of that 320, 180 points? Then the remaining 140 is good for 2009 since those are 2008 points, correct? and If I use less that 160 in 2008, then all the points expire, or just the point amount left that would equal 160 for 2007?

 

[MinnieGirl33]

Yes, any leftover '08 points would be bankable into '09.

Just remind MS, when booking an '08 res to use up your '07 (banked) points first.

If between 2/08 & 1/31/09 you only used 100 of your '07 points than 60 of the '07 points would expire. You would need to/be able to bank all 160 '08 pts into '09. Points will always keep their original UY even when banked.

Don't forget that the 100% banking deadline for a Feb UY is July 31.

 

[RobDoc]

With a February Use Year, the points are valid from Feb.1, 2007 thru January 31, 2008. If you bank them into the next Use Year they will be valid from Feb.1, 2008 thru Jan 31, 2009. Any of those points not used by February 1, 2009 will expire but as long as you use at least 160 points between Feb.1, 2008 and Jan. 31, 2009 you will not lose any and can also bank the 2008 points into the following Use Year.

As already suggested, be sure to ask MS to use the banked points first. IN addition, you will need to request that the points be banked - MS will not automatically do that for you.

Enjoy!

 

[wildernessDad]

And there are banking deadlines to consider as well.

 

[Tink's Tormentor]

You guys are great... Thank you... I guess I better close on this right away, seeing July 31st is right around and the corner... I don't want to lost 2007 points I will be getting when i buy into the DVC now.... I was told by the sales rep I will get 2007 points now and 2008 points in February 2008... so I guess once July 31, 2007 passes, I won't be able to bank 2007, even though I didn't get into it until after July 31??

 

[RobDoc]

You guys are great... Thank you... I guess I better close on this right away, seeing July 31st is right around and the corner... I don't want to lost 2007 points I will be getting when i buy into the DVC now.... I was told by the sales rep I will get 2007 points now and 2008 points in February 2008... so I guess once July 31, 2007 passes, I won't be able to bank 2007, even though I didn't get into it until after July 31??

If you are purchasing directly thru Disney, MS has been allowing members to bank points without regard to banking deadlines. (You might even make that a condition before purchasing.) Resale purchases are not usually afforded that accommodation.

Enjoy!

 

[salmoneous]

I won't be able to bank 2007, even though I didn't get into it until after July 31??

First of all, as others have said, Disney sometimes waives banking deadlines on newly acquired points. But just in case they don't and to illustrate how banking deadlines work, let's assume they don't waive them...

Between Feb 1 and July 31 2007, you can bank up to 160 of your 2007 points. For whatever reason, let's assume you close tomorrow and decide to bank 50 of the points.

After the 6 month 100% banking window, there is a 3 month 50% banking window. So between August 1 and October 31, you can bank points up to a cumulative 80 points. Since you've already banked 50, you can back up to 30 more points. Had you banked more than 80 during the 100% window, you couldn't bank any more the rest of the year. Let's assume you bank 10 more points on September 15th.

After the 6-month 100% window and the 3-month 50% window, there is a 1-month 25% window. Since you've already banked more than 40 2007 points, you can't use the 25% window. But if you hadn't banked any of your 2007 points, you could back up to 40 from November 1 - November 30.

In the last two months of your use year, you can't back any of the points. So, come December, you've banked 60 points and have 100 that must be used by January 31, 2008 or they will expire. In addition, the 60 points you banked must be used sometime between Feb 1 2008 and January 31 2009. If you don't use them by then, they expire.

On Feb 1 2008 you get 160 new points. The banking windows on those are independent of anything you have done before.

 

[Tink's Tormentor]

Thank you again.... My plans were as follows:

Bank the 160 I would get in the initial purchase.... February 2008 I would receive another lot of 160 giving me 320 for 2008..... I was planning a week trip checking in March 23 and checking out March 29, staying at either AKL or SSR, studio... I think it works out to 97 points..... Then I was also thinking of going October 12-19.... again, i think it works out to 97 points.... So, that would be a total of 194 points.... May actually be less than that.... I think I comprehend how this works... So, doing it this way, all my 2007 points would be used and only 34 of my 160 points of 2008 would be used, therefore I could bank 126 points to 2009... I got it.. Thank you guys again... once I am in I will let you all know....