Question about next year with banking and borrowing

[daisyx3]

I hope you can follow this. I am having trouble.
Our long term goal has been a big family trip in June of 2021--a maximum of 10 if everyone goes, 8 adults, 1 child (4), 1 "infant" (2). We even bought another 50 points last fall to do it. I have banked what I had left of 2019 to 2020, and will need to use 2020 and borrow 2021. August use year.

I talked to DD#1 about possibly pushing it back to 2022--I would rent out the 2019 portion of the points (if anyone would want them) and then use 2020/2021/2022. She said SIL (marine) will be getting his duty station next summer and it might be Okinawa, so that may not work. Either way, they are in Florida now and don't need to have airfare, but anywhere he would be sent would involve airfare for 4.
If I do book this, and then this thing flares up again and it gets canceled, I know I would lose the first set of points. But what about the 2020 points and the borrowed 2021 points? Would I need to use those by August 1 2021 still? That is my worry, losing 3 years of points instead of one.

 

[Sandisw]

Traveling in June with an Aug Uy puts all your points at great risk.

Borrowed points would be stuck and need to be used by Aug 31st, The 2020 UY points would also need to be used by that date, unless you canceled the trip no later than March 31st, your banking window,

As you mention, those 2019 UY points expire August 31st regardless,

Right now, only reason borrowed points Are being returned is due to resort closure, That won’t be in place next year as one assumes resorts will be back open.

 

[BcIcemen]

I have a March UY. Right now I have 2020 points available with no plans of using them . Is there any benefit in banking or not banking them now? I am planing a big family trip in June of 2021 using 2020 banked points 2021 current UY points and 2022 borrowed points (at time of trip). Couldn't I if I decide to go this year borrow 2021 points? I know I have until the end of October to bank but not sure of benefit of waiting if there becomes a possibility of banking not being allowed after this pandemic is over or under control.

 

[Sandisw]

I have a March UY. Right now I have 2020 points available with no plans of using them . Is there any benefit in banking or not banking them now? I am planing a big family trip in June of 2021 using 2020 banked points 2021 current UY points and 2022 borrowed points (at time of trip). Couldn't I if I decide to go this year borrow 2021 points? I know I have until the end of October to bank but not sure of benefit of waiting if there becomes a possibility of banking not being allowed after this pandemic is over or under control.

If you bank now, you can then borrow if you decide to go before March 2021.

Only drawback could be that DVCM decides to change the banking rules due to the current situation.

We have no idea what other changes could be coming.

 

[BcIcemen]

If you bank now, you can then borrow if you decide to go before March 2021.

Only drawback could be that DVCM decides to change the banking rules due to the current situation.

We have no idea what other changes could be coming.

That is my concern that they are going to change the banking rules

 

[CmdrThor]

That is my concern that they are going to change the banking rules

I banked my Feb 2020 UY points this morning for that exact reason. I didn't actually have any left previously, but we picked up another contract which had current points and I freed up some other current 2020 points with the banked points the new contract came with. I have until September 30 to bank, and it would be nice to hold on to them in case I make changes to our September or December 2020 reservations that require more points, but I decided that wasn't worth the risk of DVC putting a halt to banking and borrowing temporarily and having that many points that expire 1/31/2021.

 

[daisyx3]

Traveling in June with an Aug Uy puts all your points at great risk.

Borrowed points would be stuck and need to be used by Aug 31st, The 2020 UY points would also need to be used by that date, unless you canceled the trip no later than March 31st, your banking window,

As you mention, those 2019 UY points expire August 31st regardless,

Right now, only reason borrowed points Are being returned is due to resort closure, That won’t be in place next year as one assumes resorts will be back open.

That's what I was afraid of. I'm a teacher so it's summer or spring break...and we had decided on early June because of the lower points before June 11 and lower crowds than spring break. I'm now looking at trying for a 2BR and a studio instead of a 3BR to see if we can push it back but still next summer. I figure the later in the year, hopefully the less restrictions and less worry.

 

[mickeymom629]

I'm reading this thread and just want to ask if people are worried about DVC not letting us bank points in the future for some reason? (I am hoping I misunderstood what someone said).

I was planning on a big family trip in Dec/Jan using banked 2019, current 2020 and borrowing all 2021. Now, I'm wondering if I should bank all of 2020 points later this year (June UY) and hope that we can do the family trip in 2021. However, I still need to use 2019 points and hoping that I can do something with just DH and not use any 2020 points, if possible.

So, I am wondering if I am reading here that we may not be able to do our usual banking of points in the future because of the situation with the virus.

 

[BcIcemen]

I am wondering the same thing

 

[Sandisw]

I'm reading this thread and just want to ask if people are worried about DVC not letting us bank points in the future for some reason? (I am hoping I misunderstood what someone said).

I was planning on a big family trip in Dec/Jan using banked 2019, current 2020 and borrowing all 2021. Now, I'm wondering if I should bank all of 2020 points later this year (June UY) and hope that we can do the family trip in 2021. However, I still need to use 2019 points and hoping that I can do something with just DH and not use any 2020 points, if possible.

So, I am wondering if I am reading here that we may not be able to do our usual banking of points in the future because of the situation with the virus.

I think right now everything is on the table to figure it all out. The power to adjust banking and borrowing is one they have, it doesn’t involve anyone else,

It would seem that borrowing would be the one more likely to be suspended, than banking, but once this is over, we really don’t know what steps they will take.

Now, I think if they don’t allow any extension for late banking and let banked points expire, it lessens the chance of this type of move,

But, we just don’t know. I know I am planning to book larger rooms if need be to use up yearly points without banking.

 

[CarolMN]

Agree that they are much more likely to suspend borrowing than banking

 

[itutorfortravel]

Just wanted to say I feel your pain! We have a big family trip planned for this June to celebrate DD’s graduation. I banked points, borrowed points, and paid for transfer points to make this happen. I stand to lose 250 points if we can’t go.

 

[BcIcemen]

My thought is if they suspend banking you are not putting more points into coming Use Years

 

[Sandisw]

My thought is if they suspend banking you are not putting more points into coming Use Years

That is true. If you bank but then up not being able to use all the banked and current UY points because you can find enough rooms you will be banking again.

That keeps points moving forward,

 

[BcIcemen]

That is true. If you bank but then up not being able to use all the banked and current UY points because you can find enough rooms you will be banking again.

That keeps points moving forward,

Got it wasnt really looking ahead past banking into 2021