New Rule of 4?

[Maribel]

Man, I thought they were making things easier for us, but you guys find ways to make it very complicated.
First, I don't want DVC making decisions for me. If I haven't banked my points by the 4 months deadline is because I want to use them at some point before the end of my UY. They do enough remind us in their web site (previously in the monthly newsletter) that your deadline is approaching. It is up to me to bank them or not.
Second, this is only easier, not more difficult than the previous system, where you still had to bank your points but have to do some math to know how much to bank at each period. Why do you guys get mad that it is not automatic now if it wasn't automatic before?

 

[Par8hed]

Man, I thought they were making things easier for us, but you guys find ways to make it very complicated.
First, I don't want DVC making decisions for me. If I haven't banked my points by the 4 months deadline is because I want to use them at some point before the end of my UY. They do enough remind us in their web site (previously in the monthly newsletter) that your deadline is approaching. It is up to me to bank them or not.
Second, this is only easier, not more difficult than the previous system, where you still had to bank your points but have to do some math to know how much to bank at each period. Why do you guys get mad that it is not automatic now if it wasn't automatic before?

What I don't like is that if you are waitlisted for something in the last quarter of your use year you will either need to bail out of the waitlist at 121 days or risk losing your points.

 

[figment795]

Man, I thought they were making things easier for us, but you guys find ways to make it very complicated.
First, I don't want DVC making decisions for me. If I haven't banked my points by the 4 months deadline is because I want to use them at some point before the end of my UY. They do enough remind us in their web site (previously in the monthly newsletter) that your deadline is approaching. It is up to me to bank them or not.
Second, this is only easier, not more difficult than the previous system, where you still had to bank your points but have to do some math to know how much to bank at each period. Why do you guys get mad that it is not automatic now if it wasn't automatic before?

I think there is a lot of situations that DVC did not think of with this new rule. If more people complain than the DVC will should reconsider. Here is the e mail. DVCMemberSatisfactionTeam@disneyvacationclub.com

 

[UConnJack]

I've had to borrow every year since joining 8 years ago, never had to bank anything. Wish I had this problem of extra points.......

 

[childsplay]

What I don't like is that if you are waitlisted for something in the last quarter of your use year you will either need to bail out of the waitlist at 121 days or risk losing your points.

I agree that is unacceptable. I'm just trying to think what the alternative is....I guess you would have to bank your points and then borrow from the next use year if the waitlist comes through.

 

[flyerron]

Maybe a better way to phrase this that you have 8 months from your uy to bank your points. It is that simple.

 

[SamSam]

I've had to borrow every year since joining 8 years ago, never had to bank anything. Wish I had this problem of extra points.......

Same here. I guess I should learn all the new banking rules, but I've been borrowing since our first purchase in 2002.

 

[OKW Lover]

I thought I had this down, but some of the replies here made me wonder. Is the rule 4 months or 120 days?

 

[figment795]

I thought I had this down, but some of the replies here made me wonder. Is the rule 4 months or 120 days?

It is 120 days from last day of your use year. For example I have a March use year Feb 28 is my last day of the previous years points. I have until Oct 31 120 days from Feb 28 of each year to bank 100% of my points. During leap year it would be Feb 29th 120 days back would be Nov 1st.

 

[jerseygirl82]

So if my UY is April, I have until December 1st to bank my points? Sorry, just want to be sure I am understanding

 

[figment795]

So if my UY is April, I have until December 1st to bank my points? Sorry, just want to be sure I am understanding

Yes that is correct. Here is the problem if you are on a wait list for a Dec-March reservation you now have to borrow points from the next use year. Before you could bank 25% of your contract 2 month prior to the end of your use year. So for example I had Dec 31st to bank 25% of my contract.

 

[DVC Mike]

I thought I had this down, but some of the replies here made me wonder. Is the rule 4 months or 120 days?

I just did another add-on, and the document I signed now has the following verbiage:

Effective Jan 1, 2008, members will be able to bank up to 100% of their Vacation Points during the first 8 months of their Use Year and 0% of their Vacation Points during the last 4 months of their Use Year.

 

[OKW Lover]

I just did another add-on, and the document I signed now has the following verbiage:

Effective Jan 1, 2008, members will be able to bank up to 100% of their Vacation Points during the first 8 months of their Use Year and 0% of their Vacation Points during the last 4 months of their Use Year.

OK, still confused. This sounds pretty authoritative to me. But another poster had a great explanation about the 120 days.

Anybody else know?

 

[Ducky4Disney]

I never gave much thought to my UY. I have a Feb UY for both of my contracts. We like to go in Oct and Dec mostly. Once the kid starts school (in several years) taking him out of school for a vacation may not be a good option, so our travel times may change.

But for now - let me get this straight. It's 100% or nothing? If I have an early Dec ressie using a portion of my points, and I cancel more than 31 days out, I won't be able to bank those points becuse I'm out of my 8 month bank window? Whereas before, I could have banked 25% (100 points in my case) of my points by Nov 30?

Hmmm... methinks this suckiths.

From the looks of it - Feb is a bad use year for me, in either banking system We bought in 03 before SSR even opened, I don't think I had a choice in UY, or did I? Anyone know how this works? Too bad they won't change your UY - if they rework the rules, they should allow you to change your UY for a better fit. Don't respond to that, it's a stupid rhetorical thought. I'm sure there are a million reasons why that won't that I don't understand.

D4D

 

[RoyalCanadian]

We bought in 03 before SSR even opened, I don't think I had a choice in UY, or did I? Anyone know how this works

Yes -- you had a choice. We purchased in February of '04 and were able to choose an October UY as it worked for our plans of primarily vacationing at WDW in January.

 

[CarolMN]

I never gave much thought to my UY. I have a Feb UY for both of my contracts. We like to go in Oct and Dec mostly. Once the kid starts school (in several years) taking him out of school for a vacation may not be a good option, so our travel times may change.

But for now - let me get this straight. It's 100% or nothing? If I have an early Dec ressie using a portion of my points, and I cancel more than 31 days out, I won't be able to bank those points becuse I'm out of my 8 month bank window? Whereas before, I could have banked 25% (100 points in my case) of my points by Nov 30?

Hmmm... methinks this suckiths.

From the looks of it - Feb is a bad use year for me, in either banking system We bought in 03 before SSR even opened, I don't think I had a choice in UY, or did I? Anyone know how this works? Too bad they won't change your UY - if they rework the rules, they should allow you to change your UY for a better fit. Don't respond to that, it's a stupid rhetorical thought. I'm sure there are a million reasons why that won't that I don't understand.

D4D

I don't think your case is so awful - you only lost a few days of the 25% banking window and now you don't have to worry about percentages or how to count the 31 days.

With the new rule, as long as you call to cancel before the last business day of October, you can bank all of the points used for your December vacation. Even under the old rules, you would have had to cancel sometime in November (which could be only a few days later than under the new rule, depending on your vacation dates). And under the old rule, you could only bank up to 25% of your total allotment - which depending on how many points you own, could still leave some points that have to be used prior to the following January 31.

And if you do end up missing the new banking deadline, well, confirmed December reservations are pretty easy to rent.

Hmmmm.....Me think-ith you exaggerate-ith - at least a little-ith, LOL

P.S. This new rule could make short notice reservations easier to get as some will cancel at the 4 month mark rather than waiting for the 31 day mark (if their plans aren't firm). It might also make some waitlists come through more quickly for the same reason. Have to agree with Dean on this rule - some will like it, some will not and some won't care.

 

[Ducky4Disney]

Yes -- you had a choice.

Eh, I can't remember.

Hmmmm.....Me think-ith you exaggerate-ith - at least a little-ith, LOL

Well, when you put it that way CarolMN, maybe you're right!

D4D

 

[Merilyn]

I like the new rule about banking because of the 100-50-25% rule. That was just not a workable method to bank. Plus you could only bank 1 time each year so if you banking some and then needed to bank more, it couldn't happen. I am a little confused about the trades in the last few months of the UY. I think that it has changed also. Do I understand that you can't make a trade inside the 120 day window? If I have a trade already made then it is Ok to travel in that 120 day window. If I want to trade is has to come through before the 120 days. I really liked the 31 day rule for that. I got this idea from Disney while asking about the new banking rule. I may have misunderstood. Does anyone know what the trade rule is now? Thanks

 

[Caskbill]

I like the new rule about banking because of the 100-50-25% rule. That was just not a workable method to bank. Plus you could only bank 1 time each year so if you banking some and then needed to bank more, it couldn't happen.

That's incorrect. Don't know where you got the idea you could only bank one time each year.

You could bank as many times as you wanted, subject only to the 100-50-25 rule.

You could call and bank 1-point if you wanted. Then call the next day and bank 1 more point. You could call 100 times and bank your 100 points one point at a time. There was no limit on how often you could bank.

The old rule was very workable and offered more versatility. The new rule shortens the banking window by 2 months.

 

[Caskbill]

With the new rule, as long as you call to cancel before the last business day of October, you can bank all of the points used for your December vacation.

Carol, you're off by a month. Since the poster has a February Use Year month, their banking deadline is Sept 30th, not Oct 31st.

Under the old rule, if they had a late December reservation, such as Dec 25th-30th, and it was less than 25% of their contract points, and they had not previously banked points, they could have cancelled that reservation by Nov 25th and still banked all their points.

Under the new rule, they must decide to cancel or not by Sep 30th, almost three months prior to their late December vacation. And for an early December reservation, they would have to cancel more than two months prior to their vacation.