Making a reservation with this year's points: if I cancel it, points can't be banked?

[gk90]

I know that there's an answer to this somewhere on the boards and in our membership materials but I can't find it

We might be able to fit in a mid-September trip and I know from looking at the website that inventory is getting low so I'd like to book soon. But what happens to the points if we have to cancel the reservation? I seem to remember that they go into holding so can't be banked any more (which is what I would do with the points if we weren't using them). Is this right? And so they would have to be used by the end of our use year? We have a February use year which means our banking deadline is Sept 30.

TIA for any help!

 

[vicki_c]

If you are past your banking deadline - which is driven by your use year - but it is 4 months before the end of your use year - then you can't bank those points and must use them before the end of the current use year.

My use year is August, I must bank by March 31.

They go into holding if you cancel 30 days or less before your trip and that is different and entails more stringent future use of those points (also in the current use year though). You can only book a DVC reservation 60 days out from when your travel dates are.

 

[TDluvsDaisy]

I know that there's an answer to this somewhere on the boards and in our membership materials but I can't find it

We might be able to fit in a mid-September trip and I know from looking at the website that inventory is getting low so I'd like to book soon. But what happens to the points if we have to cancel the reservation? I seem to remember that they go into holding so can't be banked any more (which is what I would do with the points if we weren't using them). Is this right? And so they would have to be used by the end of our use year? We have a February use year which means our banking deadline is Sept 30.

TIA for any help!

I'm fairly new to DVC but I think if you cancel your mid-September trip within 30 days then it would go into holding. You would have to use them by Sept 30 or lose them.

 

[Sandisw]

If you make are reservation for September and then cancel it less than 31 days in advance, the points will go into holding and must be used by the end of your UY--in your case, January 31st, 2013.

However, if you book now and then cancel at least 31 days in advance of that trip, the point will go back into your account as they were and would still be bankable at that point (unless you borrow points and in that case, those stay in your 2012 UY regardless).

 

[jekjones1558]

If the points you use to book your September reservation are current use year points AND you cancel 31 days or more before your trip then your points CAN be banked (do so by Sep. 30). If you cancel inside of 31 days then your points will go into holding status. Holding points can only be used to book reservations that are 60 days or less from checkin. You would have until Jan. 31, 2013 to use the holding points.

 

[gk90]

Oh, good! So I can make a reservation now with my current points and if I decide to cancel it 31 days before the trip they go back into my account and I can bank them.
I'm planning a possible Sept 14-17 trip so if it's cancelled before Aug 13 the points go back into the account and there's enough time to bank them before my Sept 30 deadline. Good, off to look at availability!

Thank you all, I knew that people here could explain the ins and outs for me!

 

[bobbiwoz]

Oh, good! So I can make a reservation now with my current points and if I decide to cancel it 31 days before the trip they go back into my account and I can bank them.
I'm planning a possible Sept 14-17 trip so if it's cancelled before Aug 13 the points go back into the account and there's enough time to bank them before my Sept 30 deadline. Good, off to look at availability!

Thank you all, I knew that people here could explain the ins and outs for me!

I hope you can get something, and go!

 

[jekjones1558]

Good luck!