Planning a trip in 2022 , is it better to bank points or borrow them ?

[gisele2]

Hi everyone , I am planning a split stay for 2022 . Got some sept 2020 points that I can bank for that trip ( 150 points contract ) . Will need around 220 points . What is the best ? Bank the points , or rent them and borrow some sept 2022 points ? I am planning on going every other year .

 

[DVC Doctor]

well, there is no correct answer, but I greatly prefer to borrow than bank as you never want to be in a situation where any points potentially go to waste. but if you are planning on going every year than banking will produce more points where you may want to extend your trip or plan another one. But if you are firm in only one trip, I would rent your excess points now and borrow from next year. I read too many posts where people are scrambling to use or rent points that expire in 60 days or so

 

[Judique]

Hi everyone , I am planning a split stay for 2022 . Got some sept 2020 points that I can bank for that trip ( 150 points contract ) . Will need around 220 points . What is the best ? Bank the points , or rent them and borrow some sept 2022 points ? I am planning on going every other year .

If it were me I would bank them. If you already know what your plan is, and you don't have a need for them this summer, they will be in the 'bank' for your 2022 trip

Sooner or later your strategy may change as the years go by. You may find yourself needing a few more points. So banking ahead may be beneficial for you.

 

[ElizabethG]

We have just started going every other year. I bank then the next year use the banked and current year points. I book enough to have to borrow a few points. Then, the following year I can bank the remaining points again. It gives me more flexibility to change up my vacation plans. So, if I decide I want to go 2 years in a row, I always have my current years points to use if I want.

The risk depends on your vacation dates and use year. If your vacation is right after your use year, you have nearly a year to use the banked points before they expire if you have to cancel. If your vacation is closer to the end of your use year, you have less time.

Of course, there is risk the other way as well. If you are used to borrowing most of your points, the current 50% borrowing restriction could mess with your plans as well.

 

[gisele2]

Thanks everyone, your experience is really valuable to me.

 

[dfisher9]

Definitely bank. You can always splurge on a bigger trip in the future. Worst case scenario is that you just end up renting out your points further out in the future than now, when there might be more demand.

 

[Sandisw]

Now that we know the return of borrowed points and holding waiver are ending April 30th, I’d always vote to bank vs borrow.

It still comes down to when you want to travel and how that works into the plan.

 

[gisele2]

So I banked all my points today . Planning to make the reservations ....I cannot wait ! I almost see the light at the end of the tunnel ....