Ok, so brand new to actually using my points, but am I correct in understanding if I want to go in June 2008, I would actually use my June 2008 points, and so on? So in July this year if I want to book June 2009, I would still be using my June 2009 points and not my 2008 points?
Just want to make sure I understand.
Sorry, should have mentioned my UY was June.
You understand.
Since you have a June use year, your -
2008 points are good for trips between 6/1/2008 and 5/31/2009
2009 points are good for trips between 6/1/2009 and 5/31/2010
2010 points are good for trips between 6/1/2010 and 5/31/2011
etc.
For example:
A June 2008 trip would take 2008 use year points.
A July 2009 trip would take 2009 points.
A March 2009 trip would take 2008 use year points.
You can bank or borrow points to get more points into a particular use year.
For example, if your July 2009 trip costs 325 points but you only have 150 points in your contract, you could bank your 2008 points into your 2009 use year. Then those 2008 points can be used for the July 2009 trip. You could borrow the additional 25 that you need from the 2010 use year.
You can only bank (or borrow) the same points once, so the points you banked from 2008 must be used by the end of the 2009 use year or they expire and are lost to you. Similarly, the 25 points that were borrowed from 2010 must also be used by the end of the 2009 use year or they too expire and are lost. (Obviously, this would only be a problem if you canceled the July 2009 trip,since the banked and borrowed points will be used if you take the trip).
More info than you asked for, LOL. Hope it helps.