Points questions...

[Poohgirl]

Hi all,
I have a couple questions regarding banking points, here goes...
Say you have a July year w/200 points, you bank 150 for the next year in Nov, Can you bank again after that? And if so, say come Jan when you can only bank 50%, is that 50% for the total # of point (as in 100 so the full amount of 50 remaining can be banked) or is it 50% of the remaining points (as in 25)? Just when I finally think I understand "points"...I come up with another question!

 

[1000th happy haunt]

I had a similar question and asked a friend who's a DVC owner. The percentage of points you can bank at any particular time are based on the total points you own for that use year, not the remaining points.

 

[CarolMN]

Hi all,
I have a couple questions regarding banking points, here goes...
Say you have a July year w/200 points, you bank 150 for the next year in Nov, Can you bank again after that? ...(snip).....

First of all, I don't believe there is a July use year. However, even if there were, the answer to your question is no. Banking is cumulative. The 50% banking window means you can have up to 50% of your annual allotment total in the bank. If you already have more than that, then you can't bank anymore. (It's not 50% of what you have left).

So since you banked 150 of your 200, after the 100% deadline, you can't bank anymore - because you already have more than 50% in the bank.

If you had only banked 50 of your 200 before the end of November, then you could bank 50 more points if you did it by the 50% deadline. That's because 50% of 200 is 100 and you only have 50i n the bank. So you could bank 50 more if you wanted to.

HTH explain.

Best wishes -

 

[JimMIA]

Hi all,
I have a couple questions regarding banking points, here goes...
Say you have a July year w/200 points, you bank 150 for the next year in Nov, Can you bank again after that?

Yes, you would be able to bank the remaining 50 points by 12/31. You can bank 100% of your points during the first six months of your use year.

From 1/1 through 3/31, you would be able to bank a cumulative total of up to 50%. But in your example, you would have already have exceeded 50%, so you would not be able to do any additional banking beyond 12/31.

 

[Poohgirl]

Thank you all so much, I understand now . I wasn't even aware there was not a July use year, I just used it cause it's July, sorry for the confusion...