New Transfer Rules for Borrowed and Banked Points.

[AstroBlasters]

It does make you wonder if what we might be seeing, in light of it all, is DVC making the exchanging via them a better value and owners will chose that over the ease of renting and then paying cash for those same options.

It would be a big win for them because they get to increase their income via breakage.

Shifting the market from owners to themselves?

We have the elimination of the $95 fee if you join MMB, increasing the type of points one can get via transfer and now, allowing additional transfers when using them for exchanges.

Seems to me like something might be coming??

It would be fantastic if Disney gave something close to $16-$18pp for swaps as opposed to just a touch over the cost of dues.

But the howls from people complaining that their preferred room type is not available for points but is for cash….

 

[Shelly F - Ohio]

Hmm. Do you mean that you can use transferred direct or grandfathered points from another member to pay for something like the sorcerer's pass or other exchanges like cruises etc? I know you can use OTUP for the sorcerer's pass but I don't know if I have seen transferred points mentioned.

Or do you just mean combining points that a member has in different use years being used for those things?

Yes. As long as you have enough points to use, you can transfer then to pay for the pass.

 

[Shelly F - Ohio]

I'm not understanding why multiple use years would be a benefit here.

If you need 850 another owner can give you his current UY point plus borrow from his next UY and transfer all the point to you.

 

[Sandisw]

It would be fantastic if Disney gave something close to $16-$18pp for swaps as opposed to just a touch over the cost of dues.

But the howls from people complaining that their preferred room type is not available for points but is for cash….

Well, if things did become attractive for owners, and more trade out for exchanges, it would show that you never know the moves DVC might make to fix a problem people want fixed but not have the outcome they want

Even if the value of the points became similar to the one we get by trading for AP, owners might be more likely to do it, especially if they believe DVC is going to be monitoring rentals more closely.

Offering owners the ability to trade with them could be worth it, especially now that they are allowing people to transfer reservation points.

All I know that if DVC has updated these rules to give owners the ability to transfer more points, not less, it stands to reason that it is because it’s going to be of benefit to them.

Rooms could just shift from being rented via the open market to being rented via Disney…and the ability of DVC to choose what rooms they take when an owner trades, gives them complete control of what room gets to be rented.

But, don’t want to side track, but I won’t be surprised if we don’t see some type of enhancement to convince people to exchange!

For me. that would be wonderful!! And there may be a lot of owners who would see it as this a win because DVC might be giving them a reason not to have to rent in order to do other things!

 

[juliebee]

It’s not a reason to have multiple UYs, it just creates less of a penalty for doing so.

Great explanations, Astro and aammtt20. So understanding that it's not really a benefit, just not a penalty of having two use years, made things much clearer.

 

[Sandisw]

Great explanations, Astro and aammtt20. So understanding that it's not really a benefit, just not a penalty of having two use years, made things much clearer.

It can be a benefit for owners too. For example, because I can borrow points and transfer them, I can now use my points from two different UYs to help pay my AP..

I have more points on one membership then the other right now so I will transfer and then borrow some of them to combine with the ones I have so I don’t have to borrow from the contract in the UY that currrently has less

 

[AstroBlasters]

Well, if things did become attractive for owners, and more trade out for exchanges, it would show that you never know the moves DVC might make to fix a problem people want fixed but not have the outcome they want

Even if the value of the points became similar to the one we get by trading for AP, owners might be more likely to do it, especially if they believe DVC is going to be monitoring rentals more closely.

Offering owners the ability to trade with them could be worth it, especially now that they are allowing people to transfer reservation points.

All I know that if DVC has updated these rules to give owners the ability to transfer more points, not less, it stands to reason that it is because it’s going to be of benefit to them.

Rooms could just shift from being rented via the open market to being rented via Disney…and the ability of DVC to choose what rooms they take when an owner trades, gives them complete control of what is taken because of the trade.

But, don’t want to side track, but I won’t be surprised if we don’t see some type of enhancement to convince people to exchange!

For me. that would be wonderful!! And there may be a lot of owners who would see it as this a win because DVC might be giving them a reason not to have to rent in order to do other things!

Yup, I am all for Disney coming up with more ways to let me use my DVC points as currency within the Disney travel ecosystem.

 

[juliebee]

It can be a benefit for owners too. For example, because I can borrow points and transfer them, I can now use my points from two different UYs to help pay my AP..

I have more points on one membership then the other right now so I will transfer and then borrow some of them to combine with the ones I have so I don’t have to borrow from the contract in the UY that currrently has less

So if an owner has two contracts, 200 points in Oct use year and 200 points in June use year that is somehow better than 400 points in one use year? That is what I'm asking. Is there some benefit over having multiple use years over a single use year? Just talking about this new transfer situation, not multiple home resort advantage that could occur with multiple use years.

 

[Tatebeck]

It would be fantastic if Disney gave something close to $16-$18pp for swaps as opposed to just a touch over the cost of dues.

But the howls from people complaining that their preferred room type is not available for points but is for cash….

Yup, I am all for Disney coming up with more ways to let me use my DVC points as currency within the Disney travel ecosystem.

That could be part of their goal towards selling more direct points as well. If they offer all of their their swaps and collections in a completely painless way and give close to rental value, more people may be willing to go direct instead of buying resale and relying on renting out points to use for the other things just because it is a better value. I'm sure the number of members directly swapping points for cruises and their other collections has been dropping as more and more people become well informed over the internet about their terrible value.

It would be smart... but now that makes me doubt they actually will do it

 

[Sandisw]

So if an owner has two contracts, 200 points in Oct use year and 200 points in June use year that is somehow better than 400 points in one use year? That is what I'm asking. Is there some benefit over having multiple use years over a single use year? Just talking about this new transfer situation, not multiple home resort advantage that could occur with multiple use years.

For some of yes, because we travel during different times of the year and so I can be strategic in which membership I book my trip.

I am always within my banking window so if I have to cancel. I can still bank.

Now that borrowed and holding can be moved, it is even more flexible to use potentially distressed points!!!

 

[Spivey378]

Thank you DVC!

 

[CarolynFH]

So if an owner has two contracts, 200 points in Oct use year and 200 points in June use year that is somehow better than 400 points in one use year? That is what I'm asking. Is there some benefit over having multiple use years over a single use year? Just talking about this new transfer situation, not multiple home resort advantage that could occur with multiple use years.

This new transfer policy just makes it easier to use points from two use years (two memberships) together on one reservation. It does not make it beneficial or more advantageous to have two use years/memberships! To use your example, if someone had 200 points at one resort and 400 points at a different resort and needed to use them together on a single reservation, under the old policy it was easier to do if they were both in the same UY /membership. Now, someone like Sandi who has multiple memberships can use those points together much more easily than they could in the past, but their reasons for having multiple memberships has nothing to do with the transfer policies.

 

[Willow Ufgood]

I called yesterday to transfer points from 2 of my memberships into a 3rd. Each transferring membership had a combination of banked, borrowed and current points. The CMA initially told me that the banked and borrowed points could not be moved but I told her that I'd read there had been a change. She graciously checked with a supervisor and came back on the phone, very surprised to learn that there had indeed been a change to a policy that had stood for at least 30 years.

Long story to this point but the supervisor was able to transfer all of the points into my 3rd membership. But each set of points had their own unique contract #. The banked points from membership #1, the borrowed points from membership #1 and so on. In all, there were six unique contracts representing the transferred points.

I then went to use those points in a reservation online and learned that they were not treated like "transferred" points when it came to the order in which they were taken. I expected the points to be taken as banked->borrowed->transferred->current allotment (from membership #3). Instead, each "contract" was treated as either banked, borrowed or current points. That meant that current points from membership #3 were taken before the current points that had been transferred from membership #1 because #1's current UY's points expire later in the year.

The points will eventually get used but the whole thing was a learning experience. Anyway, I wanted to let people know how this revision of the multisite POS is being handled. The change is very new and if you get a CM who is not familiar with it, please be patient with them.

 

[Disdreaming479]

So if an owner has two contracts, 200 points in Oct use year and 200 points in June use year that is somehow better than 400 points in one use year? That is what I'm asking. Is there some benefit over having multiple use years over a single use year? Just talking about this new transfer situation, not multiple home resort advantage that could occur with multiple use years.

I was able to transfer 4 “left over” points (banked) from one membership to another and have them reallocated to a reservation so they did not get wasted. I was happy to not lose the points.

 

[AstroBlasters]

FYI, I’ve been on hold for about 20 minutes with MS as they try to figure how to actually borrow transferred points…. so do not expect a quick phone call or chat.

Update: Took about 30 minutes, but got it done

 

[Sandisw]

I called yesterday to transfer points from 2 of my memberships into a 3rd. Each transferring membership had a combination of banked, borrowed and current points. The CMA initially told me that the banked and borrowed points could not be moved but I told her that I'd read there had been a change. She graciously checked with a supervisor and came back on the phone, very surprised to learn that there had indeed been a change to a policy that had stood for at least 30 years.

Long story to this point but the supervisor was able to transfer all of the points into my 3rd membership. But each set of points had their own unique contract #. The banked points from membership #1, the borrowed points from membership #1 and so on. In all, there were six unique contracts representing the transferred points.

I then went to use those points in a reservation online and learned that they were not treated like "transferred" points when it came to the order in which they were taken. I expected the points to be taken as banked->borrowed->transferred->current allotment (from membership #3). Instead, each "contract" was treated as either banked, borrowed or current points. That meant that current points from membership #3 were taken before the current points that had been transferred from membership #1 because #1's current UY's points expire later in the year.

The points will eventually get used but the whole thing was a learning experience. Anyway, I wanted to let people know how this revision of the multisite POS is being handled. The change is very new and if you get a CM who is not familiar with it, please be patient with them.

Something I have learned for the few times I moved points into my account is that sometimes, you have to play with the order you check the contract and I always have the contract for that membership checked last.

So, the temporary contracts go before and it seemed to pull correctly in the way I wanted.

 

[disneydenisel]

I was excited to read about this change, so I was just experimenting with borrowing some points that my friend transferred to me for a 7-month-out practice reservation, but the points from the transferred contracts show up with different contract numbers, and they show 0 points in each. But if I try to use them to book a home resort reservation at more than 7 months out, the contracts show up with the correct numbers and the actual points. Seems to me that maybe they haven't gotten this borrowing to work online yet, and from reading this thread, it seems like it will require a lengthy phone call if I were to actually want to borrow some of the transferred points?!

 

[Sandisw]

I was excited to read about this change, so I was just experimenting with borrowing some points that my friend transferred to me for a 7-month-out practice reservation, but the points from the transferred contracts show up with different contract numbers, and they show 0 points in each. But if I try to use them to book a home resort reservation at more than 7 months out, the contracts show up with the correct numbers and the actual points. Seems to me that maybe they haven't gotten this borrowing to work online yet, and from reading this thread, it seems like it will require a lengthy phone call if I were to actually want to borrow some of the transferred points?!

My guess is that it will require a call to MS since these are temporary contracts added to your account.

 

[jrub]

Tried to find the answer and couldn't, any help is appreciated!

Membership 1: Feb use year with 50 banked points from 2024 and 200 points from 2025

Membership 2: different use year, October, destination membership for transfer (we own them both if that matters)

Realizing I can now move the 50 2024 points from membership 1, can I move some 2025 points with them or only one original use year from the source membership?

Also, if I transferred points out of membership 2 in Jan 2025 from the 2024 use year can I transfer into it now to use points during the 2025 use year or would I need to transfer to a different membership since the 2025 use year doesn't start for a few months?

 

[Sandisw]

Tried to find the answer and couldn't, any help is appreciated!

Membership 1: Feb use year with 50 banked points from 2024 and 200 points from 2025

Membership 2: different use year, October, destination membership for transfer (we own them both if that matters)

Realizing I can now move the 50 2024 points from membership 1, can I move some 2025 points with them or only one original use year from the source membership?

Also, if I transferred points out of membership 2 in Jan 2025 from the 2024 use year can I transfer into it now to use points during the 2025 use year or would I need to transfer to a different membership since the 2025 use year doesn't start for a few months?

The easy part is the Feb 2025 UY points. You can move them to your Oct 2025 UY and they count as your 2025 UY transfer for both…this is assuming that they are sticking to the one transfer for all owners even between ones they own.

It’s the banked 2024 points that is murkier as it’s new. Since they are now part of the Feb 2025 UY, I would think you can move them along with the actual Feb 2025 UY points

However, if DVC considers them 2024 points still for the purpose of transfers, then you can not since you already did a 2024 UY transfer in the October UY.