Explain Use Year

[Gizmo74]

we just bought 200 Points at Poly with October use year. I need to bank the 2016 points soon.

Let's say I Bank them next month. Then a couple months later I decide to take a last minute trip. Can I use the 2016 bank points for my trip?

If I don't decide to use my 2016 banked points, when do they expire? Since we just got back from our Disney Vacation a few days ago, we probably won't use our points until summer 2018.

One more question, let's pretend I haven't bought yet.....when are the ideal travel months for an October use year? I see folks asking that they travel mostly in summer so xxxx would be the best use year. Since I already bought, to late for me to shop for the ideal use month....just want to understand the reasoning.

Thanks!

 

[huskerfanatic7]

you have until the last day in May to Bank your 2016 points. If you don't bank them you must use them or rent them before Oct 1st of 2017. The best travel dates for an October UY is OCT thru April which gives you time to bank. If you travel in August/September you enhance your risk of losing those points if something happens and you can't reschedule your trip in a short amount of time. if you bank or borrow you can't undo that after if you decide to changeyour mind

 

[KAT4DISNEY]

we just bought 200 Points at Poly with October use year. I need to bank the 2016 points soon.

Let's say I Bank them next month. Then a couple months later I decide to take a last minute trip. Can I use the 2016 bank points for my trip?

If I don't decide to use my 2016 banked points, when do they expire? Since we just got back from our Disney Vacation a few days ago, we probably won't use our points until summer 2018.

One more question, let's pretend I haven't bought yet.....when are the ideal travel months for an October use year? I see folks asking that they travel mostly in summer so xxxx would be the best use year. Since I already bought, to late for me to shop for the ideal use month....just want to understand the reasoning.

Thanks!

If you banked your 2016 points and then decided to take a trip between now and Sept 30, 2017 you would have to borrow 2017 points back. Banking is a final transaction and the points have to stay in the 2017 UY. Once banked if they are not used by Sept 30, 2018 then they will expire.

If you normally travel in the summer then October is not really the UY you want to provide the best protection against last minute cancellations.

IF you just bought and are still in the 10 day rescission and you normally travel in the summer you should definitely consider rescinding and getting a different UY.

 

[supersnoop]

we just bought 200 Points at Poly with October use year. I need to bank the 2016 points soon.

Let's say I Bank them next month. Then a couple months later I decide to take a last minute trip. Can I use the 2016 bank points for my trip?

If I don't decide to use my 2016 banked points, when do they expire? Since we just got back from our Disney Vacation a few days ago, we probably won't use our points until summer 2018.

One more question, let's pretend I haven't bought yet.....when are the ideal travel months for an October use year? I see folks asking that they travel mostly in summer so xxxx would be the best use year. Since I already bought, to late for me to shop for the ideal use month....just want to understand the reasoning.

Thanks!

Did you buy in the past ten days? If so, you can still rescind and get the best use year for you.

Basically, you never want to travel in the last three months of your use year. The earlier, the better.

If you bank your points and then want to travel last minute, you'd have to borrow points from 2017.

 

[Gizmo74]

If you banked your 2016 points and then decided to take a trip between now and Sept 30, 2017 you would have to borrow 2017 points back. Banking is a final transaction and the points have to stay in the 2017 UY. Once banked if they are not used by Sept 30, 2018 then they will expire.

If you normally travel in the summer then October is not really the UY you want to provide the best protection against last minute cancellations.

IF you just bought and are still in the 10 day rescission and you normally travel in the summer you should definitely consider rescinding and getting a different UY.

So if I bank 2016 points they become 2017 points? I guess I don't fully understand banking points.

Let's say I banked my Oct 2016 points in May 2016. But I decide to take a last minute trip in Nov 2016. Can I use my banked points?

I think I got my use year correct. We usually travel in Spring or over Thanksgiving. We are trying to avoid summer travel.

 

[Nie0214]

So if I bank 2016 points they become 2017 points? I guess I don't fully understand banking points.

Let's say I banked my Oct 2016 points in May 2016. But I decide to take a last minute trip in Nov 2016. Can I use my banked points?

I think I got my use year correct. We usually travel in Spring or over Thanksgiving. We are trying to avoid summer travel.

Oct 1, 2016 - Sep 30, 2017 — 2016 points, bank by May 2017. Once banked, those points are part of 2017 and can't be brought back to 2016. If you take a last minute trip on September 15, 2017, you can borrow your 2017 points, but you cannot use your banked 2016 points.

10/1/17 - 9/30/18 — 2017 points which may be used (or you can bank by May 2018). Your banked 2016 points must be used in this timeframe or will be lost.


You bank Oct 2016 points in May 2017, not May 2016.

 

[Gizmo74]

Oct 1, 2016 - Sep 30, 2017 — 2016 points, bank by May 2017. Once banked, those points are part of 2017 and can't be brought back to 2016. If you take a last minute trip on September 15, 2017, you can borrow your 2017 points, but you cannot use your banked 2016 points.

10/1/17 - 9/30/18 — 2017 points which may be used (or you can bank by May 2018). Your banked 2016 points must be used in this timeframe or will be lost.


You bank Oct 2016 points in May 2017, not May 2016.

I mistyped above and meant to say bank May 2017 for my 2016 points.

So if I took a trip Dec 2017, I can use my banked Oct 2016 points? I just can't wrap my head around if when I can use my banked points. I get my banked 2016 points expire 9/30/18 but how quickly after I bank the points can I use them for a trip?

 

[Marionnette]

So if I bank 2016 points they become 2017 points? I guess I don't fully understand banking points.

Let's say I banked my Oct 2016 points in May 2016. But I decide to take a last minute trip in Nov 2016. Can I use my banked points?

I think I got my use year correct. We usually travel in Spring or over Thanksgiving. We are trying to avoid summer travel.

Your 2016 points will always be "2016 points", they will just be banked into the 2017 UY. They do not become 2017 UY points. The terminology may sound like splitting hairs but there are distinct differences. "2017 points" can be banked into 2018. "2016 points which have been banked" into 2017 cannot be banked again into 2018.

For an October UY, the banked 2016 points would have to be used for a stay that end with a last night no later than Sept. 30, 2018.

 

[Marionnette]

I mistyped above and meant to say bank May 2017 for my 2016 points.

So if I took a trip Dec 2017, I can use my banked Oct 2016 points? I just can't wrap my head around if when I can use my banked points. I get my banked 2016 points expire 9/30/18 but how quickly after I bank the points can I use them for a trip?

December 2017 falls inside your October 2017 UY. Think of it this way: points within your October 2017 UY (both the 2017 points and any banked 2016 points) can be used for trips that begin no sooner than October 1, 2017 and end no later than the night of September 30, 2018.

 

[CarolMN]

If you haven't already, check out this thread:

Understanding Use Year

It will help you learn the ins and outs of use year.

 

[Nie0214]

I mistyped above and meant to say bank May 2017 for my 2016 points.

So if I took a trip Dec 2017, I can use my banked Oct 2016 points? I just can't wrap my head around if when I can use my banked points. I get my banked 2016 points expire 9/30/18 but how quickly after I bank the points can I use them for a trip?

It helps a lot to type it out:

10/1/16 - 9/30/17: UY Oct 2016
10/1/17 - 9/30/18: UY Oct 2017
10/1/18 - 10/30/19: UY Oct 2018

If you bank your UY 2016 points into 2017, you can use them for reservations between 10/1/17 - 9/30/18 but not before or after.

So, yes, you can use your banked 2016 points for a December 2017 trip because it falls between 10/1/17 - 9/30/18.

 

[disneynutz]

When you bank you move points 1 UY forward. When you borrow, you move points 1 UY backward. A point can only be bank or borrowed once and banking and borrowing is a final transaction.

During your contract rescind period you need to ask yourself: Did I make an emotional purchase that may not be the best for our family? Do we know that the Poly is our favorite resort? Our we happy with only studios at our home resort? Do I mind paying such a high price compared to buying resale? Do I know enough about the product to make an informed purchase decision? Will I regret not rescinding giving me the opportunity to start over after taking the time to learn the pros and cons of the DVC?

Bill

 

[Gizmo74]

When you bank you move points 1 UY forward. When you borrow, you move points 1 UY backward. A point can only be bank or borrowed once and banking and borrowing is a final transaction.

During your contract rescind period you need to ask yourself: Did I make an emotional purchase that may not be the best for our family? Do we know that the Poly is our favorite resort? Our we happy with only studios at our home resort? Do I mind paying such a high price compared to buying resale? Do I know enough about the product to make an informed purchase decision? Will I regret not rescinding giving me the opportunity to start over after taking the time to learn the pros and cons of the DVC?

Bill

Thanks for your thoughts. We have been interested in buying since our first trip as a family in 2008. I just wish we did back then. We are big Disney family. Been to Disney World a lot since our first trip and also went to Disney Land Paris, California and Alunai. Haven't done the cruise yet but that might be in our near future. Don't worry I won't use my points for that. We have always stayed at Deluxe and even rented points a couple times.

Is Poly our favorite? Don't know, never stayed there but we love it's a monorail resort and like the Studio layout. I don't cook on vacation so having the kitchenette is fine for us. We have stayed at Contemporary, Wilderness Lodge, Beach Club and Saratoga Springs. We have like each one for different reasons.

I know buying resale would have been the best financial decision but I think as the kids get older being in a studio at a Monorail resort will be fine for my husband and I. If we feel like we need more points, I will definitely buy resale.

I appreciate everyone helping me understand the use year to bank points.

 

[Gizmo74]

If you haven't already, check out this thread:

Understanding Use Year

It will help you learn the ins and outs of use year.

Thank you! Reading this thread is what I needed.

 

[Kim Gillihan]

there is no perfect use year for me... I was going to purchase akv for april uy but disney took it so now looking again. Back to rethinking everything....

we travel any time school is out. March, Summer, Thanksgiving and Christmas... I think June is as close to perfect for me as I can get with only March being more risky. So hard to find exactly what you are looking for.