Hopeful newbie with banking points question

[kyle051777]

I have a contract that has passed ROFR but am waiting for the paperwork to be complete and my funds to clear through them.

My question is my UY is April if I bank my points in Nov for 2011 and than decide we want to take a trip Dec 2011 am I still able to use those points or do I have to wait until 2012 to use the banked points. Hopefully this is not a dumb question.

I am very excited and can't wait until I can start booking some vacations.

 

[mousenyc]

Once you bank the points, they won't be available until your UY, which is April.

 

[Cap]

The April 2011 points would no longer be available for use in December 2011, as they would be banked for use in your April 1 2012 - March 31, 2013 time period. However, if you wanted to vacation in December 2011, you could "borrow" points from your April 1, 2012 new allocation.

 

[palaemon]

Something else to think about:

Availability.

If you bank your Apr 2011 points on Nov 30th 2011, you would very likely not find any availability for December 2011 - at ANY resort.

I would not recommend banking early (or much early, anyway) either.

The pp answered the basic question, but I wanted to answer the specific one.

If you ever think you want to book December (and you have an April UY,) I'd book at the 11 month window, and as long as you haven't borrowed from the next year's allotment, you can cancel & bank 31 days before the December reservation.

 

[Shelly F - Ohio]

Something else to think about:

Availability.

If you bank your Apr 2011 points on Nov 30th 2011, you would very likely not find any availability for December 2011 - at ANY resort.

I would not recommend banking early (or much early, anyway) either.

The pp answered the basic question, but I wanted to answer the specific one.

If you ever think you want to book December (and you have an April UY,) I'd book at the 11 month window, and as long as you haven't borrowed from the next year's allotment, you can cancel & bank 31 days before the December reservation.

Keep in mind if you bank reservation points at the 31 day mark those banked points go into a holding acct and can only be used for a reservation made 60 days prior to your travel date. For example if you want to take a vacation on June 30 using those points you would only be able to schedule that vacation 60 day prior to your arrival.

 

[kyle051777]

Thanks guys, very helpful. Where is a good place to read up on the UY. I am still confused. I thought I read on here somewhere that UY did not matter. Points became available the 1st of the year. The main thing that UY was used for is banking point deadline. Apparently, I need to read up on it so I understand it better.
Thanks again for your help.

 

[kyle051777]

Never mind I found the thread on UY. Thanks

 

[magicaldisney]

You could borrow your REGULAR 2012(not the banked) points to do a 2011 trip.

 

[chalee94]

I thought I read on here somewhere that UY did not matter.

it does not matter for booking. (in other words, you do not have to wait till you "get" the pts at the beginning of the UY to be able to book.)

UY does tell you when your pts are valid for stays, and when your banking window closes as you noted. (this can be an issue if you are traveling in the last few months of your UY and need to cancel on relatively short notice.)

here is a great thread for UY if it's not the one you found already.

http://www.disboards.com/showthread.php?t=1942668

 

[kyle051777]

Thanks for all the insight. Very helpful.

 

[pxlbarrel]

OK, I have a question ... and I've read the thread about UY. It's still a little confusing to me so bear with me....

I'm waiting for my DVC purchase at BWV to close. It has a Sept UY and it's a 100 point contract. The sellers managed to bank 2010's 100 points before I bought it.

Does that mean that those 100 points have to be used by August 31, 2012 or when is the last date I can use those?

2010 Sept 1, 2010 - Aug 31, 2011 BANKED so new dates are Sept 1, 2011 - Aug 31, 2012 (??)

2011 Sept 1, 2011 - Aug 31, 2012
2012 Sept 1, 2012 - Aug 31, 2013
2013 Sept 1, 2013 - Aug 31, 2014

So if I want to come down in Nov/December of 2012 and I need 300 points, I bank the 2011 points in April and then use them, use the 2012 points and borrow from 2013? And my 2010 points are expired?

Cause if that's the case, I might as well find a way to use those banked points somehow ....

Do I have this right or am I way out of it?

 

[chalee94]

OK, I have a question ... and I've read the thread about UY. It's still a little confusing to me so bear with me....

I'm waiting for my DVC purchase at BWV to close. It has a Sept UY and it's a 100 point contract. The sellers managed to bank 2010's 100 points before I bought it.

Does that mean that those 100 points have to be used by August 31, 2012 or when is the last date I can use those?

yep - the banked 2010 pts have to be used for a stay before sept 1, 2012.

2010 Sept 1, 2010 - Aug 31, 2011 BANKED so new dates are Sept 1, 2011 - Aug 31, 2012 (correct.)

2011 Sept 1, 2011 - Aug 31, 2012
2012 Sept 1, 2012 - Aug 31, 2013
2013 Sept 1, 2013 - Aug 31, 2014

So if I want to come down in Nov/December of 2012 and I need 300 points, I bank the 2011 points in April and then use them, use the 2012 points and borrow from 2013? And my 2010 points are expired?

yes - nov 2012 is in your 2012 UY so banked 2011 + current 2012 + borrowed 2013 is what you can use when you call to book as early as dec 2011 for your home resort.

you can use the banked 2010 for another, earlier trip - which you could use, give to your friends or family or rent (by yourself or through a broker like david at http://www.dvcrequest.com/ .)

 

[pxlbarrel]

Thanks for the confirmation. Hmmmm... I hope it closes soon then so I can see if I can get GVC for February. LOL Wasn't planning on using it but ....