Renting Question

[pistonfan32]

I have points from my April 2007 use year that I will not use by 3/31/08. I know that I can bank them. I don't think I can transfer them right now for a reservation after 3/31/08 since they keep their original use year.. Assume I bank these points by 12/31/07. Can I transfer these points after 3/31/08? Can I rent these points now for a ressie after 3/31/08?

 

[RobDoc]

Your April, 2007 points will expire on March 31, 2008. Your options are to transfer them prior to that date to another member, rent a reservation made using those points for a date prior to April 1, 2008, use them yourself ... OR ... bank them.

If you bank them, you cannot transfer them (banked points cannot be transferred). If you transfer them, the other member can bank them.

You cannot do anything with them past March 31, 2008 unless you have banked them - since they will have already expired. If you bank them, they are good until March 31, 2009.

You are already past your 100% banking deadline and have until the end of the year to bank up to 50% of your points. With the new banking rules, you probably won't be able to bank any after December 31, 2007.

If there is any doubt about how to use the points I'd bank them to at least gain an additional year to decide what you want to do.

Good luck!

 

[Deb & Bill]

You can't transfer points that have been banked.

As for banking them, how many points do you have in total and how many to bank? At 9-10 months out you can only bank 25% of them. On 1/1/08, you would be able to bank 100% up to 8 months out, but you'll be less than three months out with an April UY.

 

[pistonfan32]

I have exactly 50% of my points remaining. If I don't rent them, I plan on banking them by the 12/31/07 deadline. Could I rent them now for a reservation next fall 2008 prior to banking them? Or can I bank them now and then rent them for a ressie after 3/31/08?

My goal is to rent them but the chances of finding availability (I am an OKW owner) are not great before 4/1/08.

 

[Deb & Bill]

You'd have to bank them by the end of Nov. By the end of Dec, you are in the 25% time frame and would only be able to bank half of them. Detroitdad (your neighbor/friend) also posted on this.

 

[pistonfan32]

Under the new banking rules, I have until 12/31/07 to bank 50% of my points. I confirmed this on my online DVC account.

 

[Deb & Bill]

Under the new banking rules, I have until 12/31/07 to bank 50% of my points. I confirmed this on my online DVC account.

The new banking rules don't take effect until 1/1/08. You'll fall under the old banking rules, plus if you wait until 1/1/08, you'll be past the 8 month time frame anyway.

I just checked the POS and you are correct. You have from four to six months out to bank up to 50%. Once you hit 1/1/08, you would have had time to bank 25% until 1/31/08, but the new banking rules take effect that day, so you lose the opportunity to bank that last 25%.

 

[LisaS]

Under the new banking rules, I have until 12/31/07 to bank 50% of my points. I confirmed this on my online DVC account.

Actually under the current rules, you have until 12/31/07 to bank up to 50% of your points. The new rules take effect 1/1/08 and under those rules you can bank up to 100% of your points in the first 8 months of your UY (Nov 30th in your case) and nothing after that. So 12/31/07 will be your last chance to bank your 2007 UY points since you will lose your 25% banking window this time around due to the banking rules changes on Jan 1st.

 

[nunzia]

This is all super confusing..I hope I can figure it out before I get points and lose them and don't know why...