Transfer vrs. rental of points

[rstackjd]

Can someone explain the difference between transferring points vrs renting points? I assume that if you are an owner already, then someone who you are renting from transfers points to you, while if you are not an owner then you rent the points (the reservation actually I guess) from an owner. I knwo that with a rental the owner retains control (ie. can cancel the reservation) right up to the date of use. What about points transfers - can the owner take them back or is a transfer a final transaction?

How does use year affect transfers?

Here's the scenario - DD and DSIL are looking at an OKW resale contract. we are thinking that we can combine their OKW points and our AKW points for a large trip. Who's use year controls for the 11 vrs. 7 month window? If we transfer points to them, can we then use all those points at OKW at the 11 month window?

or an I completely screwed up?

 

[podsnel]

Can someone explain the difference between transferring points vrs renting points? I assume that if you are an owner already, then someone who you are renting from transfers points to you, while if you are not an owner then you rent the points (the reservation actually I guess) from an owner. I knwo that with a rental the owner retains control (ie. can cancel the reservation) right up to the date of use. What about points transfers - can the owner take them back or is a transfer a final transaction?

How does use year affect transfers?

Here's the scenario - DD and DSIL are looking at an OKW resale contract. we are thinking that we can combine their OKW points and our AKW points for a large trip. Who's use year controls for the 11 vrs. 7 month window? If we transfer points to them, can we then use all those points at OKW at the 11 month window?or an I completely screwed up?

The points stay AKV points or OKW points, even if you transfer them. So maybe you could do half the trip at one and then half at the other, but check at 7 mos to see if you can switch to just one resort.

Good luck-
Ellen

 

[CarolMN]

Can someone explain the difference between transferring points vrs renting points? I assume that if you are an owner already, then someone who you are renting from transfers points to you, while if you are not an owner then you rent the points (the reservation actually I guess) from an owner. I knwo that with a rental the owner retains control (ie. can cancel the reservation) right up to the date of use. What about points transfers - can the owner take them back or is a transfer a final transaction?

Points transfers are final transactions. The original owner cannot "take back" a transfer.

How does use year affect transfers?

AFAIK, use year really doesn't affect transfers, except that you can't really transfer 2008 use year points into someone's 2009 use year. But after a transfer is completed, the recipient can bank the transferred points.

Here's the scenario - DD and DSIL are looking at an OKW resale contract. we are thinking that we can combine their OKW points and our AKW points for a large trip. Who's use year controls for the 11 vrs. 7 month window? If we transfer points to them, can we then use all those points at OKW at the 11 month window?

or an I completely screwed up?

Transferred points retain their original home resort and use year. You could not use the transferred AKV points to make an OKW reservation until the 7 month window.

 

[drusba]

Only OKW points can be used to reserve a trip at OKW 11 months out, only AKV points can be used to reserve a trip at AKV 11 months out, etc. (as to each resort). You can only mix the points together when reserving 7 months out. If you transfer OKW points to someone with AKV points, the same rule still applies -- they can use those OKW points 11 months out only at OKW.

An owner is allowed to transfer points or receive a transfer of points only once per use year (you can transfer or receive but not both). A transfer is an actual transfer of points from one owner to another. All transfers, once done, are final -- an owner cannot thereafter reverse the transaction.

An owner can rent to anyone -- another member or non-member -- by agreeing to a rental under which the owner will use his points to make a reservation in the other's name. That is not a transfer of points subject to the single transfer rule, i.e., you can do that multiple times per use year.

 

[5forDiz]

Transfers can only take place between two members ( sorry ! I know I am stating the obvious ) " in good standing " - up to date on MF's & payments.

Transferred points can be banked but banked points or borrowed points cannot be transferred ( so they must be from the current UY allotment of the member who is transferring them ' out ' ).

If a member transfers points ' out ' that counts as their 1 transfer for the current UY ( ie this member cannot make another transfer out during same UY and also cannot have a transfer ' in ' to their account during same UY).
The member receiving the transfer ' in ' likewise cannot have any additional transfers ' in ' of points during same UY from another member & cannot transfer ' out ' to a member during this same UY.

When points are transferred the receiving member determines & arranges reservation(s).

 

[Rileygirl]

A related question?


Lets say I want to have a few days at AKL at the end of my trip, and I am a BVC owner. I am planning a big trip next christmas 09/10, so am going at peak time.

I find someone who will transfer AKL pts to me (say 150), and then I can bank them? That way, I get the 11 month advantage to getting the rooms I want at AKL during peak time?

Does this make sense? Or is there a fault in my theory?

Thanks for your help - sorry to hijack the thread op!!

~A

 

[rstackjd]

Thanks everyone - that clears it up a bunch!

 

[5forDiz]

A related question?


Lets say I want to have a few days at AKL at the end of my trip, and I am a BVC owner. I am planning a big trip next christmas 09/10, so am going at peak time.
I find someone who will transfer AKL pts to me (say 150), and then I can bank them? That way, I get the 11 month advantage to getting the rooms I want at AKL during peak time?

Does this make sense? Or is there a fault in my theory?
Thanks for your help - sorry to hijack the thread op!!

~A

Yes if you are within the banking window on the transferred points.
So if an owner transfers their September 2008 UY points to you today you would have until August 31 2009 to use them OR you would need to bank them by April 30 2009. If you did bank them by April 30 2009 then you could use them during the UY September 1 2009 through August 31 2010.

You could make your December 2009 reservation at 11 month window in January 2009 with the transferred points but keep in mind they retain the Home Resort priority of the member who transferred them to you.

 

[Rileygirl]

Thank you 5forDiz

 

[SuzanneSLO]

. . . AFAIK, use year really doesn't affect transfers, except that you can't really transfer 2008 use year points into someone's 2009 use year. But after a transfer is completed, the recipient can bank the transferred points.

As a member with a Feb 07 UY you cannot receive a transfer of Dec 07 points and treat them as your one and only transfer from 07. Once a UY is past, you cannot transfer points into that UY. However, I do think MS would let you receive such a transfer and treat it as your one and only 08 transfer. I believe that someone has reported this in the past, but this was several years ago and the policy may have changed.

Also, you can still transfer even if the UY is in the future. I received a transfer of April 08 points in Sept 07 (while I was in my Aug 07 UY). I am not sure whether this was an 07 UY transfer for me or an 08 (I always assumed it was 08, but you know what happens when you assume things!)

Finally, it has been reported that banking deadlines do not apply to transferred points.

Best of luck -- Suzanne

 

[5forDiz]

"As a member with a Feb 07 UY you cannot receive a transfer of Dec 07 points and treat them as your one and only transfer from 07. Once a UY is past, you cannot transfer points into that UY. "

... I'm not understanding this ( apologies, long day !) & I really am trying to, please help -
If member "A" has Feb. 07 UY which goes to Jan. 31 08 why is member "B" not able to transfer points from their Dec 07 UY point allotment to "A" 's Feb 07 UY? "A" who is receiving that transfer of points "in" would have to use them by Jan 31 08 or bank those transferred points into their Feb. 08 UY. It's an 07 UY transfer for Member "A" ( and for Member "B" too) isn't it ?


"However, I do think MS would let you receive such a transfer and treat it as your one and only 08 transfer. I believe that someone has reported this in the past, but this was several years ago and the policy may have changed. "

...Now, I'm really confused : Thought if you BANKED transferred points into your upcoming UY that doesn't take away your ability to do another transfer during that same upcoming UY ? ie Member "A" banking points they received in during their 07 UY to their 08 UY doesn't make those points become their one transfer for 08; they'd still be counted as a transfer that happened during 07 UY - - well, this is what I thought ... but is it in fact the case ?


"Finally, it has been reported that banking deadlines do not apply to transferred points."

...I guess this would mean MS will give a break to the person receiving transferred points "in" if those points are past their banking deadline by allowing the receiving member to still bank them ?



Many Thanks Suzanne & all for further explanations you may offer for baffled me !
~ Laura

 

[SuzanneSLO]

"As a member with a Feb 07 UY you cannot receive a transfer of Dec 07 points and treat them as your one and only transfer from 07. Once a UY is past, you cannot transfer points into that UY. "

... I'm not understanding this ( apologies, long day !) & I really am trying to, please help -
If member "A" has Feb. 07 UY which goes to Jan. 31 08 why is member "B" not able to transfer points from their Dec 07 UY point allotment to "A" 's Feb 07 UY? "A" who is receiving that transfer of points "in" would have to use them by Jan 31 08 or bank those transferred points into their Feb. 08 UY. It's an 07 UY transfer for Member "A" ( and for Member "B" too) isn't it ?


"However, I do think MS would let you receive such a transfer and treat it as your one and only 08 transfer. I believe that someone has reported this in the past, but this was several years ago and the policy may have changed. "

...Now, I'm really confused : Thought if you BANKED transferred points into your upcoming UY that doesn't take away your ability to do another transfer during that same upcoming UY ? ie Member "A" banking points they received in during their 07 UY to their 08 UY doesn't make those points become their one transfer for 08; they'd still be counted as a transfer that happened during 07 UY - - well, this is what I thought ... but is it in fact the case ?


"Finally, it has been reported that banking deadlines do not apply to transferred points."

...I guess this would mean MS will give a break to the person receiving transferred points "in" if those points are past their banking deadline by allowing the receiving member to still bank them ?



Many Thanks Suzanne & all for further explanations you may offer for baffled me !
~ Laura

Let me try to clarify my ramblings. Member B with the Dec UY is currently in the 07 UY (until Nov 08). Member A with the Feb UY is currenlty in the 08 UY. Member A's 07 UY ended in Jan 08.

MS will not let Member A (currently in 08 UY) receive 07 points from Member B and then say "Hey, I just used my one time 07 UY transfer." Member A would have to treat that transfer as his/her one time 08 transfer. It would be different if the transfer happened in Jan 08 (both members in 07 UY) or if Member B transferred 07 points today to Member C with an Oct UY (again, both members in 07 UY).

My comment about the UY a transfer was charged against had nothing to do with banking. You are right, banking points you receive in transfer does not change the UY against which the transfer was charged.

My comment had to do with a transfer where Member B (Dec UY) wants to transfer 07 points to Member C (Oct UY). Both are currenlty in the 07 UY, so normally such a transfer would be charged as the only transfer for each in the 07 UY.

But, let's say Member C already had a 07 UY transfer, so can't have another one. It may be that MS will allow Member C to treat this transfer as an 08 transfer and they almost certainly would if the transfer did not take place until next month, when member C is then in 08 UY.

Yes, its confusing! The one transfer per year rule was in palce in the 1990s and then eliminated until it returned a couple of years ago. The written rules on transferring are minimal. As a result, there is not a lot of guidance other than boards like this one. In addition, you should also talk with MS before transferring any value in connection with a transfer of points to make sure you understand any possible pitfalls.

Best of luck -- Suzanne

 

[5forDiz]

Thanks so much Suzanne for further explaining, I understand what you are saying now & it is good to know . I can see now how it could be confused as to what UY transfer happened. I learn something new here just about every day!

Your post is added to others I've printed and clipped into our dvc planner for future reference; it goes into far more detail than what the planner has regarding transfers !

I appreciate your reply
~ Laura

 

[Rileygirl]

What a good idea 5forDiz!

We just put an offer in on the BVC (I am SO excited! ) and I am trying to learn all the ins and outs of banking, borrowing, transferring, and making reservations.

Printing out these threads where certain processes are explained in detail is an EXCELLENT idea! I am going to start my DVC primer binder today.

Thanks for the idea!

 

[5forDiz]

This site is really a great source of information

Good luck on your offer ! Wishing you and hope you find out you've passed ROFR real soon !!

~ Laura

 

[PhantomBlot]

I know it's customary/advisable to have a contract when renting, but what's the norm regarding transfers?

 

[5forDiz]

I'm sure some may use a contract, but I'd say majority do not because Transfers can take place only between two DVC members.

Many members do a transfer via 3 way call with Member Services so all can be on the line and " hear " MS make the transfer of points from one account to the other member's account.

When a member transfers points to another member it is final, there is no way for that member to access those points or take them back from the receiving member.

The receiving member controls those transferred points & sets up any reservations that would use the transferred points or the receiving member may also bank them into upcoming UY.