question on points carryover

[dcibrando]

does this mean I would have to at least take/use 200 points per year to be able to carry over 200 for the next?

400 points coming on 12/1/05 (200 + 200 banked from 2004).

 

[dianeschlicht]

You have to at least use the banked points, but you can bank the current year's points to the next year.

 

[dcibrando]

so the answer would be yes?

 

[dianeschlicht]

Yes, if you banked points.

 

[dianeschlicht]

I always make a list of the points and seperate them by banked and regular. Often, we will have a few points or as much as 100 points banked. The issue is that you have to use at least the banked points the following year.

 

[dcibrando]

so it would be very smart to go with something like this:

225 points currently available (150 + 75 banked from 2004) and 150 coming on 3/1/06.

this means that if I don't use 75 this year... i would lose them right... BUT I would be carrying over 150 points from 2005 into 2006, and would get 150 more in 2006 equaling 300

 

[dcibrando]

Hilton Head 225
40 pts. remain for 2004. and 225 for 2005.


Or Help me understand this… nevermind the 40 points because I know I would be losing them after this year since they carried over from 2004.

On the 225 points remain for 2005… does this mean they received them in December 2004 and they will be lost if they are not used by December 2005??? Or does this mean they can be carried over for 1 year which would mean THIS december (2005) I could have a total of 450 meaning I would at least have to take 225 per year or I would lose them?

tks

 

[manning]

so it would be very smart to go with something like this:

225 points currently available (150 + 75 banked from 2004) and 150 coming on 3/1/06.

this means that if I don't use 75 this year... i would lose them right... BUT I would be carrying over 150 points from 2005 into 2006, and would get 150 more in 2006 equaling 300

By golly, you've got it

Pay attention to the banking deadlines. You have to bank in the first months to bank the full 150 points.

Let's say you own 100 points

I don't have the banking schedule in front of me right now, but during the first six months (that's the one I know) you can bank 100 percent of the points you own. That would be 100 points

The next period you can bank 50 percent of the total points you own. Let's say you already banked 75 points during the 1st 6 month period. You cannot bank anymore. If you have not banked anything yet, you can bank only 50 points.

The next period you can bank 25 percent of the total points you own. Same procedure applies as above paragraph.

The last period is zero points.

 

[dcibrando]

Oooooh i see... so you have to 'bank' within the first 6 months in order to move 100% to the next year right? What if you bank them for the next year and decide you want them back for the current year? too late?

 

[dcibrando]

oh so wait a sec... so when I see a resale that says
Hilton Head 225 points (December) - 40 pts. remain for 2004. and 225 for 2005.

this means I can't bank the full 225 for 2005 at this point right? it would be more like 50% or 25%?

 

[RobDoc]

If the 40 points can still be banked, you will have until the end of the next Use Year to use them.

If you have a December Use Year, the 40 points remaining from 2004 can still be banked and you will then have until November 30, 2006 to use them. You can bank the 225 points you will receive on Decemeber 1, 2005 anytime during the first 6 months. If you later find you want a trip between Dec.1, 2005 and Nov. 30, 2006 that needs more than the 40 banked points from 2004, you can borrow points from the 2006 Use Year. The 2005 points you banked cannot be unbanked and will have to be used by November 30, 2007.

You cannot bank points until they are in your account. Points from a December, 2005 Use Year cannot be banked until December 1, 2005.

 

[dcibrando]

oh I was under the assumption when it says 225 points for 2005 this means they are available for 2005 and we this one has not yet received the 225 for Dec. 2005? that is considering the way it was worded?
40 pts. remain for 2004. and 225 for 2005.
ah maybe not haha.

 

[dianeschlicht]

December use years are confusing. The December 2004 points you are talking about are in your current use year. If you want to bank those, you would have to do that soon. You do not get your 2005 points unitil 12/1/05.

 

[CarolMN]

To understand your December use year better, make yourself a chaet like this:

2004 use year points are good for vacations happening between 12/1/2004 and 11/30/2005.

2005 use year points are good for vacations happening between 12/1/2005 and 11/30/2006.

2006 use year points are good for vacations happening between 12/1/2006 and 11/30/2007.
etc.



So if the resale says "Hilton Head 225 points (December) - 40 pts. remain for 2004. and 225 for 2005", it means that there are 225 points in the contract, there are 40 points remaining in the 2004 use year and 225 points available for the 2005 use year.

You can bank up to 100% of your annual allotment of points into the next use year if you do it before the end of the 6th month following the start of the use year, up to 50% if you do it before the end of the 9th month and up to 25% if you do it before the end ofg the 10th month.

For a December use year, the 100% banking deadline is the end of May.
For a December use year, the 50% banking deadline is the end of August.
For a December use year, the 25% banking deadline is the end of September.

Since ther are 40 points left in the 2004 use year and the contract is for 225, you could bank the 40 points as long as you did it before the end of September, 2005. 40 /225 is less than 25%.

If you bank the 40 points, they become valid for stays in your 2005 use year - which runs from 12/1/2005 through 11/30/2006. If you don't use those 40 points before 11/30/2006, they expire and you lose them. You can only bank points once.

HTH - I know it was a lot of words. As Diane said, December use years are tricky to understand at first.

Best wishes-