Question About Banking

[Bowen9475]

We own 150 March UY points. We have 127, 2021 points left. If we bank them into 2022, would we then only be able to borrow half of the total 2022 points (150+127)? Is the 50% borrowing rule per UY or per trip? Hoping for a trip in February 2022 and another one in the summer of 2022. The 50% rule is very confusing to me so thanks for the help

 

[Marionnette]

We own 150 March UY points. We have 127, 2021 points left. If we bank them into 2022, would we then only be able to borrow half of the total 2022 points (150+127)? Is the 50% borrowing rule per UY or per trip? Hoping for a trip in February 2022 and another one in the summer of 2022. The 50% rule is very confusing to me so thanks for the help

You cannot borrow banked points. Your borrowing is limited to the number of points in each contract.

With the current rule, you can borrow 50% of the next UY's points per contract. You have a 150-point contract. You can borrow up to 75 cumulative points. Borrowing 50 points for one reservation and 25 for another is fine. The total for that contract for the UY is 75.

 

[Bowen9475]

Can you tell we don’t bank or borrow very often? So, when or how, would we be able to use the 127 banked points?

 

[Stargazer65]

Can you tell we don’t bank or borrow very often? So, when or how, would we be able to use the 127 banked points?

You can only use them for a reservation in the use year you bank them into. So you wouldn't be able to use the banked points for a February trip, but you could for the summer trip. If you want to use the 127 in February, don't bank them, make the reservation and bank any leftover before the banking window closes.

 

[Marionnette]

Can you tell we don’t bank or borrow very often? So, when or how, would we be able to use the 127 banked points?

From other posts, it looks like you want to travel in February 2022. That would occur at the end of your March 2021 UY. You need 2021 points to make that reservation. Your 127 March 2021 points are good for that purpose. You can borrow up to 75 points from your March 2022 UY to complete the reservation.

Now, the issue becomes "What happens if you cancel that booking?" Well, the answer depends on how close you are to the arrival date. If you cancel 31 days or more out, then the points are still good until the night of Feb. 28, 2022. If you cancel by October 31, 2021 then the current UY points (127) can be banked into March 2022 but any points that you borrowed will remain in the 2021 UY and will expire 02/28/2022.

 

[Bowen9475]

Thank you. I think I get it all now. For the February trip we would not need to borrow any points. It would only be 2021 points.