Newbie banking, borrowing and another add-on question...

[SyrCinderella]

I am a bit confused about the add on incentive. If we have already borrowed 100 pts from next year, then buy the 120 pt add-on, what happens? Can we "un-borrow" the points, or do we just bank the developer and add-on pts for next year? (If I understand banking correctly, its bacically the same thing, right?) Then next year, when we make ressies, do we need to specify that we are using our banked points because they will expire by the end of next year, but next year's actual points can be banked?

Thanks to everyone for your help!

 

[CarolMN]

I am a bit confused about the add on incentive. If we have already borrowed 100 pts from next year, then buy the 120 pt add-on, what happens? Can we "un-borrow" the points, or do we just bank the developer and add-on pts for next year? (If I understand banking correctly, its bacically the same thing, right?) Then next year, when we make ressies, do we need to specify that we are using our banked points because they will expire by the end of next year, but next year's actual points can be banked?

Thanks to everyone for your help!

Borrowing is a final transaction, so you can't "un-borrow" points. If you cancel the reservation that used the borrowed points, you have to use the borrowed points before the end of the use year into which they were borrowed.

As far as banking the add on points, that depends on your use year, the date you buy the add on points and the total number of points in your contract. The short answer is that you can bank the add on points subject to the banking rules.

If you do bank points, then yes, they expire at the end of the year into which they are banked. MS should use those first for any reservation, but it's in your best interest to tell the CM that is what yo want to do as you are making the reservation. I always ask the CM for a review of my account at the end of every transaction - it helps to prevent any misunderstandings before they become a problem.

And yes, subject to the banking rules and deadlines, if you use up the banked points and still have some points from the current use year left, you can bank those points.

HTH. Best wishes -

 

[JimMIA]

We are in a similar situation considering the add-on.

With regard to the banking deadlines, remember that the number of points you can bank includes the total amount of points in your account. So, for example, if you have 200 points now and you add 120, all your banking numbers would be based on the full 320 points. If you are within the period where you can bank 50%, you would be able to bank a cumulative total of 160, not just half of the 120.

Also, I have been told that the developer points are not bankable. Depending on your use year and whether you can get (or want) '04 points, that may or may not be an issue for you. If you use the developer points and bank an extra 100 of your regular points, there is no effective difference, but if you're getting points you can't use, it will make a difference.

We have an October use year. In our case, we can get '04 points, which means the developer points would also be '04 points and if they're not bankable, they will expire on Sept 30, 2005.

We have already done some banking, so some of our add-on points will be bankable and some will not, meaning we will have both developer points and some of the add-on points we have to either use, rent, or lose by 9/30. We will just rent those to defray some of the cost of the add-on.

 

[SyrCinderella]

I guess I better ask my guide - he told me that the developer points could be banked ... and at this point, we have already booked everything for '05 thru April '06. Our use year is August, so I think that we are ok as far as the banking issue goes...they told us that January was the month to remember about banking. If we won't be able to use the 100 pts., it may make a difference to us how many pts we add.

Thanks - I will be sure to ask!

 

[JimMIA]

I guess I better ask my guide - he told me that the developer points could be banked ... and at this point, we have already booked everything for '05 thru April '06. Our use year is August, so I think that we are ok as far as the banking issue goes...they told us that January was the month to remember about banking. If we won't be able to use the 100 pts., it may make a difference to us how many pts we add.

Thanks - I will be sure to ask!

My guide actually told me both ways - bankable and non-bankable. In my particular case, we want '04 points and because we've already banked a bunch of '04 points anyway, it's a moot point. We can only bank 66 more points in any event. We'll make our decision independent of the bankability of the developer points.

In your case, if the developer points are bankable, you should be able to bank all '05 points by January 31, 2006.