question about banking points

[MonkeyPants]

was on the phone to a guide earlier today but I forgot to ask, so I was hoping someone could answer this.


new purchase at SSR now gets you points for DEC 05 and has more point coming up at DEC '06...so the 150 from 05, do I have to use those by dec 06? or can I bank a portion of those? The only trip I would take this year would likely be a short stay in october for 4 or 5 days [want to take my nephew to MNSSHP ]


so how and when do you have to decide to bank points and is it all or nothing when it comes to banking?

thanks

 

[RobDoc]

You have 6 months to bank up to 100% of your points. Usually with a new purchase, Member Accounting will ask if you want to bank your points as part of the process and will usually extend the banking deadline for you.

If you have already closed, you still have until May 31 to bank all of your 2005 points - they must either be banked or used by November 30, 2006. You can also bank up to 50% of your points thru 9 months and 25% of your points thru 10 months. No points may be banked during the last 2 months of your Use Year (except as described with a new purchase made during that timeframe).

If you know you will want to use 50 points this fall, you can bank the rest. You can also bank all of your 2005 points and then borrow to make a reservation this fall - if you have not yet committed to that trip.

Enjoy!

 

[MonkeyPants]

I know you cant say for 100% but..


sorry if some of this sounds like I am restating things I have already said, but trying to get a handle on this bank/borrow thing

so could I bank all 150 points from Dec 05 (which would then have to be used by dec 07?) and then borrow from Dec 06 points and use them for this Oct?

and then I could then use those banked points on a trip in Jan of 07? And either use whatever is left of the points I recieve in Dec 06 for the 07 fall trip or if I still have some banked from 05 bank the remaining dec 06 points to be used at some point in 08.


I am not sure any of that made any sense (I'd just hate to lose out on any points)

 

[RobDoc]

Yes- that's exactly right.

If you bank your 2005 points and decide to travel before December 1, 2006 - you could borrow from your 2006 allotment of points (make sure you won't cancel though- because those points could NOT be banked and would expire November 30, 2006).

The points banked from 2005 may be used for a reservation from December 1, 2006 and November 30, 2007. Any points remaining from your 2006 allotment may be banked to use between 12/1/07 and 11/30/08 or they would need to be used 12/1/06-11/30/07.

Enjoy!

 

[MonkeyPants]

so can you borrow any number of points or are they in set blocks? I mean if I want a trip that will only use say 32 or 33 points, can you borrow just 32 or does it need to be in a block of 50 or whatnot?

thanks for the help

 

[MonkeyPants]

yet another question....say I bank all my points or used all my points for the year and thus have no 'active' points...can I still make a reservation for a stay if new point will become active before actual time of the reservation?

 

[Boston5602]

yet another question....say I bank all my points or used all my points for the year and thus have no 'active' points...can I still make a reservation for a stay if new point will become active before actual time of the reservation?

I'm not sure of exactly what your asking but, you could make a ressie for before new points by borrowing or you could make ressies for next year even though you dont get points for a couple of months. You dont have to have "active" points to make ressies .

 

[CarolMN]

so can you borrow any number of points or are they in set blocks? I mean if I want a trip that will only use say 32 or 33 points, can you borrow just 32 or does it need to be in a block of 50 or whatnot?

thanks for the help

You do not have to borrow in any specific increments. Actually, you can only borrow when you are making a reservation. If your reservation is for 32 points, that's what you borrow. If it's 17, that's what you borrow, etc. If you bought 150 points, that is the most you may borrow. Yo can only borrow from one year ahead.

Best wishes -

 

[CarolMN]

yet another question....say I bank all my points or used all my points for the year and thus have no 'active' points...can I still make a reservation for a stay if new point will become active before actual time of the reservation?

Yes. The points must be valid for the dates of your stay - they do not have to be in your account when you make the reservation.

For example, let's say you have a December use year. You are out of 2005 points, but you have 2006 points coming on 12/1/2006.. You want to make a reservation for June of 2007.

June 2007 falls within your 2006 use year which runs from 12/1/2006 through 11/30/2007. You can call to make the June 2007 reservation in July 2006 if you are going to stay at your home resort. MS will use your 2006 use year points for that stay.


Best wishes -