Just about to close. Few questions.

[TwoGirlsandDisney]

We sent in our paper work, and have a closing date of May 18th. I have a few questions about the points. I get the basic idea of banking and borrowing. Our use year is September, and we got retro points from Sept. 07so we have 200 points right away, and another 200 coming Sept. 08. We want to go to Disney Feb. 09. Can I use the initial 200 points to book that vacation instead of either banking them, and waiting until Sept. 08 to book? Do you have to use those points for the use year?

 

[Mtnman44]

Feb '09 falls within your Sep '08 Use Year. You need to bank (assuming you are still within the banking window) your '07 UY points into your '08 UY in order for them to be used for that reservation.

You can book the trip now, at your home resort, as you are now past the 11 month window for that reservation.

 

[ZekeKelso]

Unless those points are banked by the end of April, they have to be used by the end of August 2008. Make sure they get banked.

Keep in mind that banking/borrowing/use-year/etc. only matter for when you are going to use the points (i.e. staying in DVC). They don't matter for when you make your reservation - the 7/11 month windows dictate when you can make reservations.

 

[TwoGirlsandDisney]

Thank so much. So, they don't take the points from you when you make the reservation? But now what happends since I'm not closing until May. Do they make an extension on my banking window then?

 

[RobDoc]

Thank so much. So, they don't take the points from you when you make the reservation? But now what happends since I'm not closing until May. Do they make an extension on my banking window then?

If this purchase is direct thru Disney, you can already make the reservation for next February using the points you will receive in September. Usually, DVC has not allowed banking or borrowing until the contract has closed, but you can still make reservations. In the recent past, DVC has allowed these direct purchases to bank the current points even if past the banking deadline - and then you could likely reallocate the banked points for the current points in the reservation.

If this is a resale purchase, you might want to have the seller bank the points since you would likely be held to the banking deadlines with a resale purchase.