Question about Banking Points

[bgda24]

I have a 275 pt contract at CCV and 100pt Contract at BCV both with April Use Year. I Also have 115 points left over from this year 2023. I want to make a large reservation for May/June 2024. Can I use the 107 left over pts from this year and add to my 375pts for 2024 for the May/June Vacation or do I have to bank the 115 pts? Im concerned that If I bank the 115 pts, they would need to be used before April 2024. Is this correct?

 

[bgda24]

I have a 275 pt contract at CCV and 100pt Contract at BCV both with April Use Year. I Also have 115 points left over from this year 2023. I want to make a large reservation for May/June 2024. Can I use the 107 left over pts from this year and add to my 375pts for 2024 for the May/June Vacation or do I have to bank the 115 pts? Im concerned that If I bank the 115 pts, they would need to be used before April 2024. Is this correct?

 

[Pooh12863]

Your 2023 points expire Mar 31st 2024 if you don’t bank them. You have until Nov 30th to bank them.

Bank before you book so it uses the banked points first.

 

[bgda24]

Awesome! So I can use the banked points from 2023 for a 2024 reservation?

 

[DanCali]

Awesome! So I can use the banked points from 2023 for a 2024 reservation?

Yes. And it will use 2023 banked points (and also borrowed 2025 points, if applicable) first because, unlike the 2024 points, which are bankable, they cannot be used in another year. The banked 2023 points will expire on March 31, 2025.

 

[Pooh12863]

Awesome! So I can use the banked points from 2023 for a 2024 reservation?

Once you bank the points they become 2024 points and will expire Mar 31st 2025. Yes you can use the banked points for your 2024 vacation.

 

[sndral]

Awesome! So I can use the banked points from 2023 for a 2024 reservation?

The calendar year your vacation occurs in doesn’t matter - what matters is which use year your vacation is in. Vacations occurring from April 1, 2024 to March 31, 2025 fall in your 2024 use year, thus a May/June 2024 vacation will be in your 2024 use year. To book that vacation you can use banked 2023 points, current 2024 points, & borrowed 2025 points.

…Im concerned that If I bank the 115 pts, they would need to be used before April 2024. Is this correct?

No, if you don’t bank those 2023 points they will have to be used before April 2024. When you bank them (which you must do in the first 8 months of your use year, so w/ an April use year bank before 11/30/23) you are basically turning those 2023 points into 2024 use year points & they’ll need to be used before April 2025.

 

[CarolMN]

First, determine the use year of the RESERVATION. With an April use year, a May/June 2024 reservation falls within your 2024 use year. For that reservation, you would use 2024 points, points that were banked from 2023, and if needed, points that are borrowed from your 2025 use year.

To answer your question, if you bank points from 2023, they would then be good for vacations between 4/1/2024 and 3/31/2025. To use points from 2023 for a May/June 2024 vacation, you must bank the the 2023 points. Remember that the banking deadline for your 2023 points is November 30, 2023.

I assumed that the "left over" points are from your 2023 use year and not banked from 2022 or borrowed from 2024 or in holding status (from a reservation cancelled 30 days or less prior to arrival). If the "left over" points from 2023 were originally banked from 2022 or in holding status, then they cannot be used for a vacation that falls within your 2024 use year. They would expire on 3/31/2024 if not used before then.

 

[bgda24]

The calendar year your vacation occurs in doesn’t matter - what matters is which use year your vacation is in. Vacations occurring from April 1, 2024 to March 31, 2025 fall in your 2024 use year, thus a May/June 2024 vacation will be in your 2024 use year. To book that vacation you can use banked 2023 points, current 2024 points, & borrowed 2025 points.

No, if you don’t bank those 2023 points they will have to be used before April 2024. When you bank them (which you must do in the first 8 months of your use year, so w/ an April use year bank before 11/30/23) you are basically turning those 2023 points into 2024 use year points & they’ll need to be used before April 2025.

Thank you so much for all of this great info!