New banking guidelines...

[OneMoreTry]

Then why does the rule say to "book or bank by four before" instead of just "bank by four before"? I couldn't read the whole thing (on another thread there's a picture of the page talking about the pages, and by golly I'd post a link if I knew how ) but I thought it said you could still travel in the last 4 months, but you had to book the trip before then.

I think the "book by 4 before" is a strong suggestion based on the fact that if you still have points hanging around without plans or ressies to use them at 4 months, you may lose em if they're not banked.

 

[Ratpack]

I can deal with the 4 month window as long as the points that are left are still usable up until the end of the usage year before they are forfeited. The $95 charge to book another resort is a little hard to swallow, hopefully I won't have to use that.
But I do have one question and maybe the current rules apply, but what about a wait list? If you have a ressie and on the wait list for a "cheaper" room and it comes through under the 4 month window, do you lose the points you just saved? Or will they allow you to bank them?

 

[LisaS]

But I do have one question and maybe the current rules apply, but what about a wait list? If you have a ressie and on the wait list for a "cheaper" room and it comes through under the 4 month window, do you lose the points you just saved? Or will they allow you to bank them?

I would imagine it will continue to work the way it does now. If you wait list for less expensive accommodations and the wait list comes through after your final banking deadline, you cannot bank the points that are returned to your account.

 

[disneykidatheart]

I would not like the new banking rule

We bought our contract through resale and, although I had a pretty good understanding of the DVC in general, I didn't really understand the importance of use year. A good contract became available and I grabbed it.

Our normal DVC pattern is to go in later September and maybe again in February. If I have to cancel my September plans I currently have until September 30 to bank 25% of my points. Under the new plan I lose them because I am past the 8 month banking date. How easy do you think it would be for me to rebook after September 1 with the Food and Wine event, Halloween, Thanksgiving??????????????? Not good!! I don't like this change.

 

[drusba]

Disneykidatheart, you have the issue that many are concerned about here but I am not sure your particular situation makes too much of a difference. If you usually have a Sep reservation and a Dec use year (as indicated by your post), you really only had until sometime in Aug to cancel, and thus bank, (under 50% or 25% rule) points used for that trip because of the cancellation rules -- if you cancel 30 or fewer days out, points go into holding account and cannot be banked. You would now have until July 31 to cancel and bank all even if points used are more than 50% of annual total.

 

[Mtnman44]

With only 25% bankable, you still have the same last minute booking need with the current system. I don't see this as a huge change for your situation. Don't forget, there may be slightly more availability now in the last few months since, due to the new banking deadlines, people will have canceled some of their "just in case" reservations in order to bank the points.