I read the 9/5/08 updated UY info. (1) Didn't the banking rules recently change? I read another post with a percentage of points that can be banked...
Up to 100% of your Current Use Year points may be banked by the last day of the 8th month of your Use Year. If you have Current Use Year points that were part of a reservation that was cancelled that cancellation would have had to have been made at least 31 days before the check-in day or even those Current UY points would be rendered unbankable ( cancellations made from 30 days through 1 day before check-in date put even Current UY points into Holding Status )
So, if I understand this...I should make my UY closest to the vacation month with the highest likelihood of cancellation?
We vacation in summer. If we had to cancel a June vacation, on our end we would be able to reschedule July or Aug. (understanding possible limited avail. at WDW.) However, we recently travelled a long weekend in Feb. and think we might continue that. Living in PA, snow could cancel flights; thus causing travel issues and a cancelled trip. (2) Jan or Feb would be best UY for us?
(3) If I have to cancel due to weather conditions, will my points go into holding?
The main ~idea~ behind picking a Use Year is to pick one that allows you the most time from a scheduled trip to when your banking deadline is ( so you may possibly bank CURRENT UY points used in that reservation in event of cancellation ) AND/OR to give you most amount of time to reutilize points used in a cancelled reservation before the end of the UY ** note that Banked &/or Borrowed points are never bankable no matter when cancellation is made so those points would absolutely need to be used by end of the Use Year and CURRENT UY points would be rendered unbankable IF your cancellation happened from 30 days thru 1 day before check-in date of reservation.
A reservation cancelled on check-in date results in a complete loss of points committed to that reservation.
If you are in habit of travelling in July and August picking August for UY ( ETA )would NOT be a good choice because July travel would happen in last month of UY. June would be good choice ( banking deadline Jan 31 / last date of UY May 31 )
July is NOT a UY, neither is November, January or May.
If you want to travel in June or July or August then June UY would be better choice. If you want to also do some travelling in February as well as June, July and August then June may still be best choice because banking deadline for June is January 31 so as long as you cancelled a Feb ressie at least 31 days before your Feb trip & no later than Jan 31 you could still bank any CURRENT UY points used in that reservation AND/OR you'd have until May 31 to reutilize banked & borrowed points (& Current UY points if they weren't bankable) - - August will not give you much time until end of UY to reutilize points in a June reservation and you'd already be beyond March 31 which is the banking deadline for August UY & (ETA) July travel would fall in last month of August UY. February UY is not a bad choice because banking deadline would be Sept 30 so that would work as well for your summer trips & still give you approx 5 months to end of UY as well.
If you'd want to travel in January & February & June, July, August then December UY - - banking deadline is July 31 so cancelling an August ressie at least 31 days before & no later than July 31 would allow you to bank Current UY points & gives you approx 4 months until end of UY