Max points and transfers

[bastraker]

Just bought BLT resale and I understand that you can only have 300% of your points in any given use year. Does that include transfers?

Say I have a 100 point contract and 100 banked points, so June2010 I'd have 200 points. If I wanted to transfer 160 points into my account from a friend I'm guessing I wouldn't be able to until I booked a 60 or more point trip or banked 60 of my 2010 points.

Correct?

 

[disneynutz]

I have never heard if that and knowing MS they way I do, I would be surprised if they know about it or even enforce it.

Where did you hear this one?

Bill

 

[MAO]

The way I read the new changes, you would not be able to transfer the 160 in even if you had 60 points reserved -- or even if you'd used 60 points. My understanding is that you can only have 300% of your points total for one use year, not that you can only use 300% of your points for one reservation. So, if your allotment is for 100 points, you could conceivably have 15 different reservations over the course of a year for 20 points each, or one reservation for 300 points, or some combination thereof. But once you make a reservation using some portion of that 300% limit, you don't get to add more points to the total for that year just because some of them are "used."

I hope that makes sense. And I haven't tried getting close to that 300% limit for a few years, so I have no experience in this -- my comments just reflect the way I understood the limitation.

For reference: Section 5 of the Home Resort Rules & Regs regarding Banking & Borrowing has this to say in part C (Limitations): 2) The total number of Home Resort Vacation Points combined from Home Resort Vacation Points that are allotted, Banked and Borrowed may not exceed three-hundred percent (300%) of the Club Member's Home Resort Vacation Point allotment for the current Use Year.

Although, now that I look at it, it doesn't really seem to address the issue of whether transferred points are considered part of the original owner's 300% limit. At one point, it implies that transferred points are considered to be "banked" points so I would expect them to treat them as part of the 300% total, but I'm not sure.

Sorry. Now I'm not as sure as I was that the transferred points would be subject to the same limit as your personal points.

 

[88golf88]

The way I read the new changes, you would not be able to transfer the 160 in even if you had 60 points reserved -- or even if you'd used 60 points. My understanding is that you can only have 300% of your points total for one use year, not that you can only use 300% of your points for one reservation. So, if your allotment is for 100 points, you could conceivably have 15 different reservations over the course of a year for 20 points each, or one reservation for 300 points, or some combination thereof. But once you make a reservation using some portion of that 300% limit, you don't get to add more points to the total for that year just because some of them are "used."

I hope that makes sense. And I haven't tried getting close to that 300% limit for a few years, so I have no experience in this -- my comments just reflect the way I understood the limitation.

For reference: Section 5 of the Home Resort Rules & Regs regarding Banking & Borrowing has this to say in part C (Limitations): 2) The total number of Home Resort Vacation Points combined from Home Resort Vacation Points that are allotted, Banked and Borrowed may not exceed three-hundred percent (300%) of the Club Member's Home Resort Vacation Point allotment for the current Use Year.

Although, now that I look at it, it doesn't really seem to address the issue of whether transferred points are considered part of the original owner's 300% limit. At one point, it implies that transferred points are considered to be "banked" points so I would expect them to treat them as part of the 300% total, but I'm not sure.

Sorry. Now I'm not as sure as I was that the transferred points would be subject to the same limit as your personal points.

The way I read that, it is just explaining 300% as being banked, borrowed, and what you have in your current UY.
I cant be positive, but I think my guide told me that you can borrow as many points as you want, as long as they are the same transaction. That would lead me to believe that if I have a 100 point contract that I can borrow/transfer in 400 points from someone for a delux stay with family.
Has anyone heard differently?

 

[murphyjh]

Just bought BLT resale and I understand that you can only have 300% of your points in any given use year. Does that include transfers?

This rule doesn't apply to transferred points. I have a 25 point contract, and I have transferred far more than 75 points into it. The rule seems redundant and seems to only restate the banking and borrowing rules.

 

[dismagiclover]

I also have a small contract (50 points) and have transferred in larger amounts.

 

[bastraker]

Thanx all, I was hoping that it only pertained to banking and borrowing.

 

[wildernessDad]

That rule says 'allotted, banked and borrowed.' It says nothing about transfered points.