Tell me about banking/borrowing points

[sleepyone]

If I buy 150 points and need 300 (just an example) to stay for a week, do the points add up each year or do you have to use the 150 points in the year you get them?

 

[DebbieB]

You could use up to 450 points for 1 reservation. Banked previous year (150), current year (150), borrowed next year (150). Keep in mind that current year is the use year in which the stay occurs, not the reservation date. You could even possibly add another 150 points if your date of stay bridges over your use year.

 

[JimMIA]

At any time during your use year, you can borrow up to 100% of the following use year's points. Borrowing is done when you make a reservation that you do not have current use year points to cover, so when you borrow, you only borrow the exact number you need for that reservation.

At any time during the first six months of a use year, you may bank up to 100% of that year's points to the following use year. The points then become available at the start of the next use year and are available for the entire use year.

By the end of the ninth month, you can bank a cumulative total of up to 50% of your points .

By the end of the tenth month, you can bank a cumulative total of up to 25% of your points.

In the final two months of your use year, you may not bank.

Once you move points, you can't move them again. So if you borrow points, you can't unborrow them, nor can you bank them. If you bank points, they are gone for the current use year, cannot be moved back or borrowed back, and they don't become available until the begiinning of the following use year. Banked points also cannot be banked forward another year; however, I believe they can be banked into II (not sure about that, or any limitations/restrictions which may attend to that).

If I've failed to confuse you, please let me know.

 

[sleepyone]

At any time during your use year, you can borrow up to 100% of the following use year's points. Borrowing is done when you make a reservation that you do not have current use year points to cover, so when you borrow, you only borrow the exact number you need for that reservation.

At any time during the first six months of a use year, you may bank up to 100% of that year's points to the following use year. The points then become available at the start of the next use year and are available for the entire use year.

By the end of the ninth month, you can bank a cumulative total of up to 50% of your points .

By the end of the tenth month, you can bank a cumulative total of up to 25% of your points.

In the final two months of your use year, you may not bank.

Once you move points, you can't move them again. So if you borrow points, you can't unborrow them, nor can you bank them. If you bank points, they are gone for the current use year, cannot be moved back or borrowed back, and they don't become available until the begiinning of the following use year. Banked points also cannot be banked forward another year; however, I believe they can be banked into II (not sure about that, or any limitations/restrictions which may attend to that).

If I've failed to confuse you, please let me know.

I followed you

 

[Aneille]

At any time during the first six months of a use year, you may bank up to 100% of that year's points to the following use year. The points then become available at the start of the next use year and are available for the entire use year.

By the end of the ninth month, you can bank a cumulative total of up to 50% of your points .

By the end of the tenth month, you can bank a cumulative total of up to 25% of your points.

In the final two months of your use year, you may not bank.

Is the cumulative total of 50% mean that if you had 100 pts and had 50 pts left over and you were at the end of the 9th month that you can still bank all 50 pts or that you can only bank 50% (25%)of what you have left?

Thanks

 

[CarolMN]

Is the cumulative total of 50% mean that if you had 100 pts and had 50 pts left over and you were at the end of the 9th month that you can still bank all 50 pts or that you can only bank 50% (25%)of what you have left?

Thanks

Actually, neither if I understand your example.

Let's assume you have a total of 100 points. You bank 50 of them early in your use year (before your 100% deadline). 50/100 is 50% of your total annual allotment.

You cannot bank anymore after the end of the 6th month (your 100% deadline) because you already have 50% of your total annual allotment of points in the bank. If you wanted to bank more than that, you would have had to do it before your 100% deadline - that's the end of the 6th month following your use year.

Best wishes -

 

[Caskbill]

There's also a twist if you own add-on contracts at different resorts. This applies only if they are true add-on's with the same contract number and same use year. All points under the same base contract number are combined to calculate your total points. They are not treated individually by resort.

Example: You own 150 points at OKW, and 50 points at BWV.

In a given use year you use all of your OKW points but none of your BWV points.

At the 50% banking deadline you may still bank 100% of your BWV points because your total points are 200, and 50 points is less than half of 200. In fact, you could still bank 100% (all 50 points) for your BWV contract as late as the 25% banking window because 50 = 25% of 200.


If in the above example, the two resorts were separate contracts, perhaps because the 2nd purchase was via resale and retained it's original contract and membership number when you bought it, then you would only be able to bank 25 of the BWV points because it's a unique contract, and 25 is 50% of 50.

 

[Aneille]

Okay I was confused but I think I got it.

If I had 100 pts and used 50 pts to vacation and missed my 100% deadline but made the 50% deadline I could still go ahead and bank all 50 of my remaining pts. If I missed the 50% deadline and got the 25% window, I could only bank 25 pts.

Caskbill - your answer is leading me to another question. What if the first contract you ever buy is a resale does that mean you can never add-on to make 1 contract or does that only apply if its the second contract you purchase through resale?

Thanks again.

 

[JimMIA]

Okay I was confused but I think I got it.

If I had 100 pts and used 50 pts to vacation and missed my 100% deadline but made the 50% deadline I could still go ahead and bank all 50 of my remaining pts. If I missed the 50% deadline and got the 25% window, I could only bank 25 pts.

Correcto-mundo! You got it.

AND...if you were really slick, you would download Caskbill's outstanding DVC planning tools. They not only tell you when YOUR banking deadlines are, they are adjusted for days that member services is closed so you don't call on what you think is the last day to bank, only to get their phonemail telling you they're closed. Really worth the minimal time it takes to download and install.

 

[Dean]

Caskbill - your answer is leading me to another question. What if the first contract you ever buy is a resale does that mean you can never add-on to make 1 contract or does that only apply if its the second contract you purchase through resale?

Thanks again.

OBviously I'm not Caskbill. But any points you buy resale that are the same use year SHOULD be under the same contract, even add ons or other contracts. And you can add on through DVC to a resale. Thus the same info as above would apply.

 

[Aneille]

Thanks everyone for your help.