how many times can you bank

[cruise-o-matic]

How many times during each use year can you bank points?

 

[RobDoc]

There is no limit to how many times you can bank, but there are deadlines for the % of your points that may be banked.

Basically, you can bank up to all of your points within 6 months of your Use Year month and you can bank them one point at a time each day if you wish or all with one phone call up to that date.

You can bank up to 50% by the ninth month after your Use Year begins and you can bank up to 25% of your total points by the 10th month. The %'s are based on your total number of points- not the remaining points.

If you have 200 points and banked 100 of them by the first deadline- you can't bank any more since you are already at 50% of the total.

 

[cruise-o-matic]

Doc I'm confused. If you bank 100 or 50% by six months, can't you bank the other 50% by the 9 month deadline?

 

[DebbieB]

Originally posted by cruise-o-matic
Doc I'm confused. If you bank 100 or 50% by six months, can't you bank the other 50% by the 9 month deadline?

No, it's of the total. If you have 250 points, you can bank a total of 125 by the 9 month deadline. If you already banked 125 at the 6 month deadline, you can't bank anymore.

 

[jel0511]

Originally posted by cruise-o-matic
Doc I'm confused. If you bank 100 or 50% by six months, can't you bank the other 50% by the 9 month deadline?

No, the % deadline are cummulative not separate. For instance say you have 200 points and a Feb Use Year. You have until July 31st to bank 100% of your points and October 31st to bank 50% of your points and November 30th to bank 25% of your points. If you bank 100 points on March 1st and then after July 31st decide you should have banked the other 100 points, you're out of luck, because after July 31st, the maximum number of points you're allowed to bank are 100, and you've already banked that number.

 

[Chuck S]

Doc is correct. If you have a 200 point contract, and banked 100 points (50%) during the first 6 months, you can not bank the other 50% after the deadline. It goes by the total % banked of the contract.

You can bank up tp 100% during the first 6 months, up to 50% during the next deadline, and so on. If you already banked 50% during the first 6 months, and were then allowed to bank the other 50%, there would be no reason for the deadline.

 

[cruise-o-matic]

Got it.

Thanks.

 

[RealMickey]

Just a note:

I called MS to to bank points in 2003, and was told that since I had already banked points once that year, I could not bank again. Knowing the rules I tried to convince them I was right. They would not listen, so I ended the call, called back, got someone else, and banked my points. The second person said I must have mis-understood the first person.

Moral to the story, know your rules.

 

[Dean]

Originally posted by RealMickey
Moral to the story, know your rules.

Amen to that, especially with timeshares. And that reminds me, it's been quite a while since I've seen one of those "I don't own a timeshare, I own DVC" posts. Although it's only been about 6 months since I heard it in person.

 

[pumpkinboy]

I banked points at least six times this year, and still banked fewer than 25% of our total allocation (we have 495 points). Now notably, some of those were points transferred in, which I was informed do not count towards banking limits, so we actually banked more than 125 points.

 

[Shamus]

Originally posted by Dean
Amen to that, especially with timeshares. And that reminds me, it's been quite a while since I've seen one of those "I don't own a timeshare, I own DVC" posts. Although it's only been about 6 months since I heard it in person.

Dean,

I don't own a time share, I own DVC ......... I LEASE a timeshare.

Have a nice day

Shamus

 

[Dean]

Originally posted by Shamus
Dean,

I don't own a time share, I own DVC ......... I LEASE a timeshare.

Have a nice day

Shamus

Good one, sounds like one of those TUG people that would NEVER buy a RTU.