They are each treated as separate memberships, so you can’t combine them both, for instance, at 7 months to use all the points at one resort-you can either book two days with one membership and two with the other, for instance, or transfer points from one account to another-but you can only do that once a year.
So, as an example, I have a very small-25 point AKV-contract. If I want to book something that cost, say, 80 points at Poly I could use some of my VGC points with the AKV points at 7 months in one seamless pool because they are the same unit (I’d be crazy to use VGC points anywhere other than VGC but that’s a whole other issue). If my contracts were a different use year, I could book my days using AKV points-hoping they were out exactly right-and then go into my other account and book with VGC.
Let’s say I’m booking a room that costs 25 points a night. With borrowing restrictions right now, I can book 2 nights with my AKV points and then would have to book the third with VGC-even though I still have 13 AKV points-I can’t book half a day with them in the scenario of two use years. I could transfer some VGC points to my AKV account which would make this trip more smooth to book-but if I cancel the trip I can’t transfer them back.