OTUP just increased in price

Oof. I've had plans to buy some soon, drop whatever new reservation, and then apply to an existing reservation.
 

Oof. I've had plans to buy some soon, drop whatever new reservation, and then apply to an existing reservation.
How does dropping new reservations and applying to new reservations work? I was wondering what the risks are of other picking up your reservation when it’s cancelled or it gets lost to a waitlist
 
How does dropping new reservations and applying to new reservations work? I was wondering what the risks are of other picking up your reservation when it’s cancelled or it gets lost to a waitlist
A common strategy for the OTUP is to call in to reserve a room that you don't actually want to purchase the OTUP. Then get off the phone with member services and cancel the reservation. That puts the points into your points bank and then those points are ready in your account for when you want to get a reservation- especially helpful at 8am Eastern at the 7 month mark or when you find a desirable room during hours that Member Services isn't open.
 











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