We have a Dec UY and banked some of our 2011 points, when do we have to bank our 2012 points by?
you can bank your 2012 pts during the 1st 8 months of your UY (i.e. bank by july 31, 2013.)
How late can you cancel a reservation and still be able to bank those points or do they go into holding?
from the member site:
Cancelling a reservation 31 or more days prior to check-in:
All Vacation Points used to make the reservation will be restored to your account in the Use Year in which the reservation falls.
Cancelling a reservation 30 days-1 day prior to check-in:
All the Vacation Points used to make the reservation will be placed in the Holding Account in the Use Year in which the reservation falls.
Cancelling a reservation on the check-in date:
All the Vacation Points used to make the reservation will be forfeited.
so if you cancel more than 30 days out AND you cancel before july 31 in your UY, you can bank any current UY pts forward to the next UY.
this is why it's more risky to travel late in your UY...think about the difference between having to cancel a reservation for thanksgiving week as opposed to canceling a reservation for mid-december...
here are some other reminders if you need them:
dec 2011 pts are valid for stays from dec 1, 2011 to nov 30, 2012.
since you banked them, they are valid for stays from dec 1, 2012 to nov 30, 2013.
if you haven't used them for a stay by nov 30, 2013, they are gone. they cannot be banked again.
you can bank or borrow a pt one time only. you cannot unbank or unborrow a pt. (banking and borrowing are "final" transactions.)
edited to add: dec can be a tricky UY...make sure you understand that even though your 2012 pts are mostly valid during 2013, they are still
2012 pts. i assume your banked pts are actually dec 2011 and not from dec 2010...