help me understand potential point loss situation

[lildeb724]

First I want to thank everyone for the warm welcome we have recieved since buying 2 days ago.

Here are my 2 scenarios and just want to understand where my point loss could potentially be (or where I would have to rebook by use year end). they are the same with points just one at home resort and one not

Ok so I just bought 175 points at WLV with a March use year - since I bought from DVc - they are still 100% bankable (I checked) which I will do on Monday. Since I have another 175 points coming in March, I was thinking of a Mid may to VWL (assuming I can get it) using 175 of my banked points from 2006 and using 77 points from my 2007 use year and banking the remaining 2007 points for use in 2008. So if I then have to cancel the May trip what is my potential loss exposure ......(ie what can go back, what has to be rescheduled etc) though I have been reading about this for 4 years now that I have to apply it to myself I am second guessing what I think I know.

Now does any of this change is I book at BCV or BWV which is not my home resort

Thanks in advance.

 

[PamOKW]

It's always best to take it step by step. First, booking at a different DVC resort than your home resort wouldn't have any effect on cancellation. The only time an ownership difference matters is when you want to take advantage of the early window to make a reservation.

March 2006 points are good for stays March 1, 2006-last day of Feb. 2007

Once you bank them, they can be used for reservations March 1, 2007-last day of Feb. 2008. They cannot be moved again. You must use them in this timeframe.

March 2007 points are good for stays March 1, 2007-last day of Feb. 2008

You make a reservation for May 2007. You use all of your banked points and some of your 2007 points. (You don't need to "borrow" anything. May 2007 falls into the Use Year of your 2007 points.)

You have 175 points in each Use Year.

If you cancel 31 days prior to check-in, your banked points will be available to use again but are still "banked" and will expire the last day of Feb. 2008.

The 2007 Use Year points you used can be used again. Depending on where you are in your banking window, they "may" be able to be banked. Since the May trip is early in your Use Year, you'll be fine. You have until August 31 to bank 100% of your points. If your trip were in September, you'd only be able to bank the amount of points that brought your total banked points to 50% or 25% -- if you had already banked your 98 points in May, you wouldn't be able to bank anything additional because you are already above the 50% 88 points you could bank as of Sept. 1.

If you cancel at 30 days or less, all of the points become "holding account" points and must be used by the end of the 2007 Use Year and reservations can only be made 60 days or less in advance of check-in.

 

[FLYNZ4]

Step by step, and very clear. Nice job!

/Jim

 

[lildeb724]

I can always count on the someone form the dis giving me a good answer