Sorry - another bank/borrow question

[Maddysdaddy]

Hi all. Been a member for 5 years now, so you would think that I would have this down by now, but apparently not.

If I am looking to book for August 2017 and still have unused 2016 points (I have an August Use Year), then am I correct in the following:
1 - I need to bank my 2016 points by March;
2 - I would then use those banked points plus my 2017 points, as the vacation would fall into that Use Year (I think?); and,
3 - If I'm correct in that the vacation would fall into my 2017 Use Year, then I'm also in position to borrow from 2018 (again, "I think"?)

Thx all.

 

[com_op_2000]

You are correct in all 3 of your items.

 

[Maddysdaddy]

Thanks for the quick response.

 

[DVCjj]

Hi all. Been a member for 5 years now, so you would think that I would have this down by now, but apparently not.

If I am looking to book for August 2017 and still have unused 2016 points (I have an August Use Year), then am I correct in the following:
1 - I need to bank my 2016 points by March;
2 - I would then use those banked points plus my 2017 points, as the vacation would fall into that Use Year (I think?); and,
3 - If I'm correct in that the vacation would fall into my 2017 Use Year, then I'm also in position to borrow from 2018 (again, "I think"?)

Thx all.

I have August UY & was planning a 2017 trip also so I am printing out your question (Thanks!) as I am a 2 year member and still get so confused. I'm so dumb I 'almost' said it's too late to bank the 2016 points but then realized you bank 2016 points by March of 2017. If I don't write this down very carefully, I get so darn confused.

 

[LAX]

While we are on the topic, I hope it's okay for me to tag along with a borrowing question. When do the points get pulled from the subsequent UY when additional are needed to be borrowed? At the time of reservation or at the time of check-in? I currently have an offer accepted on a relatively small contract, so I will likely have to combine points from 2 or may be even 3 years for longer stays. Thanks.

LAX

 

[hakepb]

While we are on the topic, I hope it's okay for me to tag along with a borrowing question. When do the points get pulled from the subsequent UY when additional are needed to be borrowed? At the time of reservation or at the time of check-in? I currently have an offer accepted on a relatively small contract, so I will likely have to combine points from 2 or may be even 3 years for longer stays. Thanks.

LAX

Borrowing happens at the time the reservation is made.
if you cancel the reservation, those borrowed points remain borrowed.

 

[Supplanter]

Borrowing happens at the time the reservation is made.
if you cancel the reservation, those borrowed points remain borrowed.

A friend of mine who has been a dvc member for a little over 4 years swears that borrowed points reset the following year.
Like in the example if you borrowed your 2018 points they would reset back to the normal allotment when 2018 rolls around. He says he uses double his points every single year this way. Is he messing with me? He even called member services and the rep said they reset.

 

[RobDoc]

A friend of mine who has been a dvc member for a little over 4 years swears that borrowed points reset the following year.
Like in the example if you borrowed your 2018 points they would reset back to the normal allotment when 2018 rolls around. He says he uses double his points every single year this way. Is he messing with me? He even called member services and the rep said they reset.

You can ONLY borrow points from the following Use Year when making a reservation. The MS rep will always remind you that borrowing is a final transaction and that those points may not be returned to their original Use Year.

If you cancel the reservation made using those borrowed points, they will remain in the Use Year into which they were moved. They cannot be banked and will expire at the end of the Use Year before their original UY.

Borrowed points do NOT reset in any way except that if the reservation is canceled, they are returned to you account still to be used during that Use Year before they expire.

If you have an April Use Year with 150 points and borrow all of those points from your 2017 Use Year to make a reservation during the 2016 Use Year, you will have no points in your 2017 Use Year next April.

 

[Supplanter]

You can ONLY borrow points from the following Use Year when making a reservation. The MS rep will always remind you that borrowing is a final transaction and that those points may not be returned to their original Use Year.

If you cancel the reservation made using those borrowed points, they will remain in the Use Year into which they were moved. They cannot be banked and will expire at the end of the Use Year before their original UY.

Borrowed points do NOT reset in any way except that if the reservation is canceled, they are returned to you account still to be used during that Use Year before they expire.

If you have an April Use Year with 150 points and borrow all of those points from your 2017 Use Year to make a reservation during the 2016 Use Year, you will have no points in your 2017 Use Year next April.

That's what I thought, I really wonder what he's been doing. Thanks!