HELP! About to buy!

[Chocklatgurl]

I just have one last question about banking the points before I "sign on the dotted line". I just left a message for my guide to call me back today and I just needed to make sure I understand this before she calls me.

She told me that my UY would be Dec 06 so that means I have 150 pts available to me right now. She said I could bank the points until May 07 at which point I could only bank 50%. So that means that instead of having 150 pts available to take a vacation in say, August, I would instead have only 75 pts, right? When I told my husband this, he was totally against buying so I called my guide back and it seems that she told him something different. I think she said we could bank the points until December 07 (making us have a total of 300 pts to use before May 08). He got off the phone and told me this, now I'm REALLY confused! Can anyone explain to me how this whole banking point thing works?

Thanks!

 

[KristineN]

with a December use year...you have up to May 31st to bank 100% of you points. Meaning in Dec of 07 you will then have 300 points available to use..

 

[Chocklatgurl]

Thanks for the quick response...

 

[Granny]

I just have one last question about banking the points before I "sign on the dotted line". I just left a message for my guide to call me back today and I just needed to make sure I understand this before she calls me.

She told me that my UY would be Dec 06 so that means I have 150 pts available to me right now. She said I could bank the points until May 07 at which point I could only bank 50%. So that means that instead of having 150 pts available to take a vacation in say, August, I would instead have only 75 pts, right? When I told my husband this, he was totally against buying so I called my guide back and it seems that she told him something different. I think she said we could bank the points until December 07 (making us have a total of 300 pts to use before May 08). He got off the phone and told me this, now I'm REALLY confused! Can anyone explain to me how this whole banking point thing works?

Thanks!

It's good that you are asking the questions, because there does seem to be a lot of confusion here.

For the contract you mention, you are currently in the DEC 06 Use Year which runs December 1, 2006 - November 30, 2007.

If you want to vacation in August of this year (2007), you wouldn't bank the points, you would use them to take the vacation.

Banking points is an exercise only for those members who aren't going to use their points in a given UY.

Maybe an example is easier. You buy in, and want to go on vacation in August, 2007. The vacation you plan uses 120 points. You don't plan on any more trips before November 30, 2007.

So you know you want to bank the unused 30 points before they expire at the end of November. If you are sure you don't want to make another trip, you can go ahead and bank the 30 points into your 2007 UY which will give you until November 30, 2008 to use them along with your 2007 UY points.

Make sense?

If, on the other hand, you don't want to make a trip this year at all, you would have until the end of May, 2007 to bank 100% of your annual point total into the next UY.

She said I could bank the points until May 07 at which point I could only bank 50%.

I'm afraid you probably heard this wrong. The key phrase should be after which point you could only bank 50%.

You can bank 100% of your points in the first six months of a UY.

You can bank 50% of your points up until end of 9 months of a UY.

You can bank 25% of your points up until the end of 10 months of a UY.

You can't bank any points for a UY in the last two months of the UY.

Hopefully this helps a bit. Keep asking questions until you understand it. It's too big of a purchase to not understand the basics of how it works!

 

[CarolMN]

If you do not plan to use any points before December 1 2007, then you may bank up to 100% of your 2006 allotment of points, as long as you call MS to request it prior to the end of May. If you bank, that means you will have 300 points to use for a vacation between 12/1/2007 and 11/30/2008. You will have to use the banked points between 12/1/2007 and 11/30/2008 or they expire. You cannot bank those same points again. However, you could bank the points you receive in December 1, 2007 if you like.

If you do not bank 100% of the 2006 points before the end of May, you would need to use at least 75 of them (50% of the 150) for a vacation that occurs prior to 11/30/2007. If you don't use those 75 points they will expire on 11/30/2007. If you didn't bank anything prior to May 31, you could bank 75 of your points (50% of your 150 total) as long as you call to do it before the end of August (With a December use year, your 50% banking deadline is the end of August).

There is also a 25% deadline - with a December use year, that is the end of September. You cannot bank at all in October or November if you have a December use year.

Ask more questions if you need more clarification.

 

[MommaX03]

If you do not plan to use any points before December 1 2007, then you may bank up to 100% of your 2006 allotment of points, as long as you call MS to request it prior to the end of May. If you bank, that means you will have 300 points to use for a vacation between 12/1/2007 and 11/30/2008. You will have to use the banked points between 12/1/2007 and 11/30/2008 or they expire. You cannot bank those same points again. However, you could bank the points you receive in December 1, 2007 if you like.

Also, if you plan to bank all of your Dec 2006 points and to travel after December 1, 2007, when making your reservation, specify to the person in Member Services to use your 2006 banked points first. That way you do not lose them, you use them. You can then bank your December 2007 points into the December 2008 UY if you wish, or use them from December 1, 2007 to November 30, 2008.