?'s on Resale Points

[ctc917]

I'm in the process of purchasing a 50 pt Resale Contract and the points that come with the Purchase are 30 pts from Dec 2021 and 15 pts borrowed from Dec 2022. My current Contract from DVC is a Dec Use Year but even after all these years I'm still confused about my points. But I do know I can Bank the Dec 2021 points by July 2022(correct) but what can I do with the borrowed points? Can I bank them too or do I need to use them before the end of this year?

I'm also looking for some help with the contract I now own. On line it states I have 33pts 2019 and 135 2020. I am so confused with my DVC acct and what I need to use by Nov 30 this year and what I can move to next year. Can anyone help me with this question too?

Thanks for the help
ctc917

 

[D-Trick]

what can I do with the borrowed points? Can I bank them too or do I need to use them before the end of this year?

The 15 borrowed points can only be used for stays between Dec 1, 2021 and November 30, 2022. They cannot be banked back into Dec 2022, nor can they borrowed further into the current UY (Dec 2020).

I will let another poster help you with your second question, since it may involve temporary exceptions due to COVID that I am not too knowledgeable on.

 

[MissLiss279]

I’m not the most experienced DVC owner yet, but I’m wondering if you are a year off on what is in the contract you are in the process of purchasing.

We are currently in your December 2020 UY. I think the only way there would be 15 borrowed 2022 Dec UY points is if there is a reservation booked for December 2021 (this year) to February 2022 - which would mean there would be a delayed closing??
Or maybe they had booked a reservation for that timeframe, but canceled?? If this last part is true, you should have the seller hurry up and contact MS to un-borrow those 2022 points before April 1st. I think the normal no un-borrowing rules go back into effect then (but it could be May 1??).

If all things are normal with no exceptions due to COVID, your current contract 2019 points will expire Nov 30th, 2021. You can use your 2020 points (this is the UY we are in) up until Nov 30th, 2021 or you can bank them by July 31st, 2021 and then use them from Dec 1, 2021 to Nov 30, 2022.

 

[we"reofftoneverland]

I'm in the process of purchasing a 50 pt Resale Contract and the points that come with the Purchase are 30 pts from Dec 2021 and 15 pts borrowed from Dec 2022. My current Contract from DVC is a Dec Use Year but even after all these years I'm still confused about my points. But I do know I can Bank the Dec 2021 points by July 2022(correct) but what can I do with the borrowed points? Can I bank them too or do I need to use them before the end of this year?

I'm also looking for some help with the contract I now own. On line it states I have 33pts 2019 and 135 2020. I am so confused with my DVC acct and what I need to use by Nov 30 this year and what I can move to next year. Can anyone help me with this question too?

Thanks for the help
ctc917

Your 2021 use year starts dec 2021. You have until Nov 30, 2021, to use your 2020 points. Your 2019 points are toast and expired Nov 30, 2020, unless you can convince a CM to save them. Never hurts to ask. You have to bank points four months before they expire. I find it confusing too, but just remember that your points for the year become available in Dec. So 2021 points do not start until Dec 1 for you, and so on for every year. Good luck.

 

[ctc917]

I didn't know one could unborrow points? is that possible? I'm sure if its by April 1 it probally couldn't happen that fast since I would have to go thru the co and have them get in touch with the owners of the points but if it was May 1 that might be possible, can anyone verify the timeline?
As to my 2019 points I assumed last year when I couldn't make it back to Disney that they were gone but when I saw them in my acct I was thinking I missed an announcement stating they extended the expiration dates due to covid, did anything like that happen? or is DVC website having issues and my points showing online shouldn't be there? Any thoughts?

 

[KAT4DISNEY]

Online it actually states that you have 2019 points? Not that they were 2019 points that you banked into your 2020 UY and will expire Nov 30, 2021? It would be extremely unusual to still be seeing your 2019 UY now the you are in your Dec 2020 UY.

 

[ctc917]

On my dashboard it states they are vacation points Banked from 2019 so I'm thinking I banked them by last July and they are good until Nov 30 of this year, correct?

 

[ctc917]

I have come to the conclusion over the last few years that picking a Use Year Date of Dec is much more confusing then I thought it would be when I purchased my first contract.
So if the owner's of my Resale points did book a vacation and then cancelled it when do I have to use the points by? the paperwork states that 30 points from Dec 2021 and 15 points borrowed from Dec 2022.

Thanks
ctc917

 

[MissLiss279]

I didn't know one could unborrow points? is that possible? I'm sure if its by April 1 it probally couldn't happen that fast since I would have to go thru the co and have them get in touch with the owners of the points but if it was May 1 that might be possible, can anyone verify the timeline?
As to my 2019 points I assumed last year when I couldn't make it back to Disney that they were gone but when I saw them in my acct I was thinking I missed an announcement stating they extended the expiration dates due to covid, did anything like that happen? or is DVC website having issues and my points showing online shouldn't be there? Any thoughts?

The un-borrowing of points was a temporary policy, and the points were automatically supposed to go back to their original Use Year. I think some said it could take up to 2 weeks to return to original UY. I purchased new points, and had them reallocate which points were used, and they did not automatically go back, but someone on chat was able to push it along.

I did find an email (with a link to the DVC website, but I couldn’t figure out how to directly navigate to that page) that said the temporary policies (besides only being able to borrow 50% of points) is ending April 30th.

If the points are borrowed Dec 2022 points (and they cannot or do not get ‘un-borrowed’), they would expire Nov 30, 2022.

 

[KAT4DISNEY]

On my dashboard it states they are vacation points Banked from 2019 so I'm thinking I banked them by last July and they are good until Nov 30 of this year, correct?

Yes, that is correct. Points may only be banked or borrowed one time and then stay in the UY that you bank or borrow them to.

Sometimes just writing the UY down can help in figuring it out.
Dec 1, 2019 is the start of your 2019 UY. Dec 1, 2020 is the start of your 2020 UY and so on. If your 2019 UY started on Dec 1, 2019 then it ended on Nov 30, 2020. Then your 2020 UY started Dec 1, 2020 and ends on Nov 30, 2021. If you bank points it moves them into the next UY so your 2019 points that you must have banked before the end of July 2020 then were moved into your 2020 UY and good for stays from Dec 1, 2020 to Nov 30, 2021. And since points can only be banked one time they will expire if not used by the Nov 30, 2021 date.

If you look at a Dec UY as being a number behind the calendar year it almost becomes one of the easiest UY's. Dec 2021 points? They are good for stays from 12/1/21-11/30/22 so for the most part the 2021 points can get used in 2022. Unless banked or borrowed.