New to DVC...banking points question

[JessLCH]

I am very early in the process of purchasing a resale contract at BLT with a Feb use year with all 2013 points available. If we pass ROFR I am guessing we will probably close around July 1ish. That would give me around 7 months to use the 2013 points. We may or may not use some of the points but will definitely bank some, if not all the points (it is a large point contract).

My understanding is that I will need to bank by the end of September. Is that correct?

Here is my question: once I bank the 2013 points, when I go to use my points (2013 banked plus the 2014 regular points), will the automatically use the banked points FIRST? Can I use all the banked points, plus some of the regular 2014 points? Then with the remaining 2014 points, can I still have the option to bank THOSE for the following year?

I hope you are able to follow my question, not sure I can! Thanks experts!!!

 

[AmyB2006]

September deadline sounds right.

Once you bank your points, they will pull from those first for any reservations within the 2014 UY. If you end up making a ressie within those last few months of 2013 last minute (November through January), they will have to borrow 2014 UY points. So if you know now of any trips you want to take in those months, I would book them now before September. Better to use the 2013 points than to have to borrow the 2014 ones.

Once your 2013 banked points are used up, you can start using your 2014 points. Your banked points from 2013 MUST be used in the 2014 UY. You cannot re-bank them into 2015. If that's what you were asking.

Your same September deadline applies to the 2014 UY points. You can bank any 2014 leftover points into 2015.

Hope that helps.

 

[JessLCH]

September deadline sounds right.

Once you bank your points, they will pull from those first for any reservations within the 2014 UY. If you end up making a ressie within those last few months of 2013 last minute (November through January), they will have tomorrow 2014 UY points.

Once your 2013 banked points are used up, you can start using your 2014 points. Your banked points from 2013 MUST be used in the 2014 UY. You cannot re-bank them into 2015. If that's what you were asking.

Your same September deadline applies to the 2014 UY points. You can bank any 2014 leftover points into 2015.

Hope that helps.

Wow,Amy! So impressed you understood and answered my garbled question! Thank you!!!

 

[AmyB2006]

Wow,Amy! So impressed you understood and answered my garbled question! Thank you!!!

I'm impressed if you understood my even more garbled answer! LOL.