So isn't there a lot of points being banked currently?

[jade1]

Just been wondering about banking. Turned out we had more Oct left than I thought, so I banked them yesterday. Even though I had until the end of May.

We just have no current plans before October so might as well bank.

Could there be a lot of members postponing trips over the next few months, causing a lot of banked points for next year? Esp if this stretches out.

Probably not enough to matter, but curious.

 

[Sandisw]

Yes, I am sure banking is being done at a higher rate than normal, I think that is the reason we are seeing the limitation on borrowing.

 

[DVC Doctor]

yep....March-April-May 2020 has probably been wiped out and even June-July reservations may be cancelling within the window to bank for 2021

that is the beauty of DVC, it is flexible, but this WILL definitely cause issues in the future as too many points chase too few resort availability. Owners really need to book at the 11 month and 7 month windows.

 

[ABE4DISNEY]

We have never banked in our 11 years of owning DVC, but I just banked over 250 points the other day. I have also cancelled/rescheduled three trips in the last 5 weeks.

We have a Feb. use year and just didn't want to gamble with the points outside our banking window. I am a more educated DVC-er now and really understand what I own.

 

[Ms.Minnie]

We have never banked in our 11 years of owning DVC, but I just banked over 250 points the other day. I have also cancelled/rescheduled three trips in the last 5 weeks.

We have a Feb. use year and just didn't want to gamble with the points outside our banking window. I am a more educated DVC-er now and really understand what I own.

I think we all had our eyes opened by recent events. Who would have ever thought this would happen? I know I couldn't have dreamed this up in my wildest imagination if I tried. I'm glad that it appear Disney has come up with a plan to help smooth things over. I hope it all works out for all DVC members but I guess only time will tell.

 

[jade1]

I wonder if they could/would consider maybe a reduced point rate at non DVC Resorts for a year or 2. Like 25 points at the BW Inn for example.

Depending how long this goes on of course.

 

[Great3]

I am truly hoping most DVC owners are in borrow mode constantly, and only have 2021 points left. Than banking won't be as big as a problem. I am really surprise they only limited borrowing to 50% instead of completely blocking it, that means to me they already have lots of borrowers probably, that bankers won't create as big a problem.

Time remains to be seen, I guess.

Great3

 

[Grumpy by Birth]

I am truly hoping most DVC owners are in borrow mode constantly, and only have 2021 points left. Than banking won't be as big as a problem. I am really surprise they only limited borrowing to 50% instead of completely blocking it, that means to me they already have lots of borrowers probably, that bankers won't create as big a problem.

Time remains to be seen, I guess.

Great3

Maybe this is an extremely misguided assumption on my part, but it would seem reasonable to assume that DVC's database should be able to spit out exactly how many points are residing in each UY. Although it's just a snapshot in time, aggregating all of the individual accounts should just be simple addition.

Of course, I'm sure they also have complicated algorithms to predict how many people will borrow or bank in the future (which are now likely all inaccurate due to the external complication of COVID-19), but if they are monitoring a daily running tally of points that are currently in 2020 and 2021, they might have a predetermined threshold that triggers "no more borrowing" (not just 50% restriction) once they hit that many points in the year.

But that would assume that no one else would be banking for the remainder of the year to offset the borrowing, which is highly unlikely. As the title of this thread surmises, people are probably likely to bank now more than ever. I'm not just talking about banking 2019 points into 2020, but also banking 2020 points into 2021.

I think the combination of increased banking with the borrowing restrictions and limited extension of the shelf life of points affected by the closure will help to mitigate (at least a little) both the duration and the severity of availability shortages due to excess points in the system. We'll see.

 

[jade1]

As the title of this thread surmises, people are probably likely to bank now more than ever. I'm not just talking about banking 2019 points into 2020, but also banking 2020 points into 2021.

Yes that was what I was thinking. Kinda why I banked before that changes-not saying it will.

How is there a "sudden incentive" to borrow points for a trip now? Or even schedule a trip now with current points.

Seems like about a 90% reason to hold off (bank) on trips currently, between reduced experiences and the higher chance of contracting a deadly virus by visiting WDW.

And I'm not certain, but I have to think a large % of DVC owners are of an older at risk age.

 

[Sandisw]

I wonder if they could/would consider maybe a reduced point rate at non DVC Resorts for a year or 2. Like 25 points at the BW Inn for example.

Depending how long this goes on of course.

Doesn’t really help right now because the trades require DVC villas to be sold for cash to pay Parks and Resorts for the trade,

Lowering the points would mean a loss of more DVC villas, To get it changed, Disney has to agree to change things and agree to either give the rooms for free or at a much discounted rate,

From what has happened so far with what DVCM did, it doesn’t seem like they are trying to do something like this,

 

[drusba]

I wonder if they could/would consider maybe a reduced point rate at non DVC Resorts for a year or 2. Like 25 points at the BW Inn for example.

Depending how long this goes on of course.

Though a possibility, that would require agreement by the Disney Resorts company, a company which, if it could, would rather charge ridiculous amounts just to park at the resorts rather than give members any breaks.

Also the hotel theory has one severe problem in that it would provide only limited relief. All resale purchasers from the last nine years have no ability to reserve the Disney hotel rooms with points.

 

[jade1]

Doesn’t really help right now because the trades require DVC villas to be sold for cash to pay Parks and Resorts for the trade,

Lowering the points would mean a loss of more DVC villas, To get it changed, Disney has to agree to change things and agree to either give the rooms for free or at a much discounted rate,

From what has happened so far with what DVCM did, it doesn’t seem like they are trying to do something like this,

Makes sense.

 

[jade1]

Also the hotel theory has one severe problem in that it would provide only limited relief. All resale purchasers from the last nine years have no ability to reserve the Disney hotel rooms with points.

Never knew that.

So grandfathered members still can reserve non DVC rooms to this day? If I remember, they are at a high point rate-but maybe better than nothing if the points are flooded.

 

[Sandisw]

Never knew that.

So grandfathered members still can reserve non DVC rooms to this day? If I remember, they are at a high point rate-but maybe better than nothing if the points are flooded.

Yes, Its points owned prior to 2011...I think...and direct purchases. The points are high. Once someone does the trade they become reservation points, and require a $95 trade fee.

If one cancels, those points stay reservation, can’t be banked, and can no longer be used for DVC villas, You also can’t book and travel in the last 4 months of your UY. To travel then, you must book prior to that time so that they have time to sell the trade.

 

[Grumpy by Birth]

Also the hotel theory has one severe problem in that it would provide only limited relief. All resale purchasers from the last nine years have no ability to reserve the Disney hotel rooms with points.

Couldn't they temporarily lift those restrictions? I mean, they are arbitrary restrictions that were added after the fact (just as being restricted from booking at future resorts that was added more recently).

Would there be a legal barrier to waiving those restrictions for the next year or two? If so, one might be tempted to question whether adding the restrictions in the first place would run afoul of similar statutes.

 

[Grumpy by Birth]

Yes, Its points owned prior to 2011...I think...and direct purchases. The points are high. Once someone does the trade they become reservation points, and require a $95 trade fee.

If one cancels, those points stay reservation, can’t be banked, and can no longer be used for DVC villas, You also can’t book and travel in the last 4 months of your UY. To travel then, you must book prior to that time so that they have time to sell the trade.

All the more reason to incentivize members to use excess points that way?

 

[jade1]

Couldn't they temporarily lift those restrictions? I mean, they are arbitrary restrictions that were added after the fact (just as being restricted from booking at future resorts that was added more recently).

Would there be a legal barrier to waiving those restrictions for the next year or two? If so, one might be tempted to question whether adding the restrictions in the first place would run afoul of similar statutes.

And I was kinda talking if this drags out, points are banked to a crazy amount, yet the economy is keeping WDW non DVC Resorts at a low occupancy rate etc.

It gets to a point where its opening back up, but cash is tight. DVC would be use it or lose it, but folks down the street don't have the cash to go to WDW Resorts.

I don't mean Deluxe resorts (or any WDW Resorts) are packed to the gills at no matter what they charge-like it's been lately. They would have no reason to care then, because DVC would be packed (with the banked points being used) and the Resorts are packed anyway.

 

[drusba]

Never knew that.

So grandfathered members still can reserve non DVC rooms to this day? If I remember, they are at a high point rate-but maybe better than nothing if the points are flooded.

It is a contract exclusion in that no points purchased resale on or after March 21, 2011, can be used for Disney collections such as the Disney hotels. Any points purchased from DVD or resale before that date, and any points purchased from DVD after that date, can be used for such a purpose.

 

[jade1]

It is a contract exclusion in that no points purchased resale on or after March 11, 2011, can be used for Disney collections such as the Disney hotels. Any points purchased from DVD or resale before that date, and any points purchased from DVD after that date, can be used for such a purpose.

 

[Sandisw]

Couldn't they temporarily lift those restrictions? I mean, they are arbitrary restrictions that were added after the fact (just as being restricted from booking at future resorts that was added more recently).

Would there be a legal barrier to waiving those restrictions for the next year or two? If so, one might be tempted to question whether adding the restrictions in the first place would run afoul of similar statutes.

DVD added the restrictions as part of the POS. I think it has to be a complete change and would apply to all owners. It wouldn’t be an easy move, even temporary, and then becomes something that can no longer be a benefit of buying direct,

IMO, I just don’t see DVD doing something that would take away something put in to move people to direct buys,

Again, the DVC villas go with the trade, so it doesn’t really help all that much, because most people aren’t going to do that trade. To me, not so much because of the extra points, but because if they cancel, they have given up the right to use DVC. And every change incurs another $95 free.