understand borrowing/banking points

[philux]

Dear All,

I try to understand the process and I would be pleased if someone may help us. I am located in France and that's the first time I ask me the following question :

My use year is June.
I have already banked 229 pts which will become year 2003 on 06/03. The same date, I will obtain my annual allotment of 300 pts 2003.

The question is the following :

In case I would like to make a reservation, for eg in May 2002, I am able to borrow up to 300 pts which is my annual allotment. For the eg, I will borrow 250 pts.

On june 2003, what is the situation :
a) 229 banked pts - 250 borrowed pts = 21 pts to be deducted from my annual allotment (300pts) so I will receive 279 points 2003.
or
b) I cannot use the 229 banked pts to "reimburse" my borrowing and I will obtain 300 pts (annual allotment) - 250 pts (borrowed pts) so 50 points 2003, plus my 229 banked points to be use before May 31, 2003.

I thank you in advance for your assistance,

Best regards from France

Philux

 

[Dean]

If you banked your 229 June 2002 points to 2003, you will have 529 points in June, 03. IF you then borrow 250 points, you will have 279 points in June 03 (229 banked and 50 from your June, 03 allocation). If you then cancel the May 03 reservation you will lose the 250 points unless you can reuse them before 31 May of this year.

 

[philux]

Thanks for your help Dean. If I understand well, I cannot use my banking points to compensate my borrowed points. In other words, the sole use of banking points is to be used for a reservation ?

Thanks for your help,

Best regards,


Philux
France

 

[Dean]

You can use the banked points for a reservation that occurs betwen 1 June, 03 and 31 May, 04 and nothing else at DVC. You could also use them for the other points options like DCL. One other alternative is to bank time with II for a future stay through Interval International.

 

[RobDoc]

Banked points cannot be returned to their original use year. So the Jun 2002 points you have banked into 2003 can't be used before Jun 1, 2003.

You would have to borrow your June, 2003 points for any reservation prior to June 1, 2003. Once points are borrowed they can't be returned to their original use year and would have to be used before the end of the use year they were borrowed into.

With a June use year, any points canceled from a May reservation would have to be used by May 31 or lost.

 

[CaptainMidnight]

One other alternative is to bank time with II for a future stay through Interval International.

Interesting, hadn't thought of this one. Where can I find out more information on this? Is this an option if one is about to loose ponts?

 

[PamOKW]

The points you banked into June 2003 must be used to take a trip between June 1, 2003 and May 31, 2004.

The points you get on June 1, 2003 can be used for a trip that ends no later than May 31, 2004 or they can be banked into your June 2004 Use Year.

If you borrow points from your June 2004 Use Year, they must be used for a trip ending no later than May 31, 2004.

Points, once banked or borrowed, can't be moved again.


If you are trying to take a May 2003 trip, you can do it as Dean explained. However, if you cancel the trip your options will be limited. You will have to use the points prior to May 31, 2003. Also, if you want to use them at other than a DVC resort, you must make your reservations no later than the end of March (60 days prior to the end of your Use Year.)

 

[philux]

thanks to everyone, I got it !!!!




philux

France

 

[Dean]

Originally posted by CaptainMidnight
Interesting, hadn't thought of this one. Where can I find out more information on this? Is this an option if one is about to loose ponts?

Member guidebook page 163 or the yearly report on II exchanges June of each year. In this scenario you would first decide what unit size and likely area and time of year you'd be looking for. The reason is that you can only search for units that fit your deposit or lower but not higher.

Lets say you were looking to exchange for Aruba for a 1 BR for Easter, that'd be 160 points (high season) for a 1 BR but only 144 points for summer (mid season). If you had done a deposit first of 144 points, you could NOT search for the Easter High season option. In this exact scenario, the most likely single best option with no other info would be to deposit a high season unit and decide 160 or 270 points depending on what else you were going to use points for. If one knew more what they wanted to search for, they could direct a lower rated deposit that would be less points. The trouble with looking for the lower times is that is also when it's easier and cheaper to rent or use very cheap non DVC timeshares for the choices.

One would also want to ask DVC to depsosit as late a unit as possible, say a May of 04 unit which would mean one would need to arrange AND travel by May of 06, giving almost 3 years window. Of course there's no guarantee one will get what you want so you need to be as flexible as possible. Direct exchanges can be a great way also as can renting when appropriate.

 

[RobDoc]

Originally posted by CaptainMidnight
Interesting, hadn't thought of this one. Where can I find out more information on this? Is this an option if one is about to loose ponts?

I don't think you can do this during the last 59 days of your use year. On page 148 there is an explanation about using Member Getaway vacations during this time period. Since DVC would need to be able to make a reservation at a DVC resort to bank with II, using points for a non-DVC reservation isn't allowed during the final 59 days of your use year.

As long as you bank the points for a World Passport exchange 60 or more days ahead, this suggestion will work well.

 

[Dean]

Originally posted by WebmasterDoc
I don't think you can do this during the last 59 days of your use year. On page 148 there is an explanation about using Member Getaway vacations during this time period. Since DVC would need to be able to make a reservation at a DVC resort to bank with II, using points for a non-DVC reservation isn't allowed during the final 59 days of your use year.

As long as you bank the points for a World Passport exchange 60 or more days ahead, this suggestion will work well.

Doc, I'm pretty sure that rule doesn't apply to II exchanges quite the same way as it does to other options. In this case there's no points to deal with once the deposit reservation is made. One might have trouble if there were no units available though. In this scenario I'd definitely act early and go ahead and put in the request I wanted as early as possible being as flexible as possible. I'd also remember that it can be nearly impossible to get the top resorts at the top times, even when trading DVC.

 

[RobDoc]

Originally posted by Dean
Doc, I'm pretty sure that rule doesn't apply to II exchanges quite the same way as it does to other options.

So, if you have a June use year, you think you can call on May 31 for an exchange using points you're otherwise going to lose?

DVC still has to be able to use the points, thus the "60 Day" rule explained on page 148.

 

[Dean]

Originally posted by WebmasterDoc
So, if you have a June use year, you think you can call on May 31 for an exchange using points you're otherwise going to lose?

DVC still has to be able to use the points, thus the "60 Day" rule explained on page 148.

No. The rule is between 14 and 59 days from the start of the week would be Flexchange. Theoretically you could call as late as 9 May of this year to reserve and deposit a week of 24-31 May, 03. Sometimes II will accept a unit under 14 days on a case by case basis so if one gets in this situation it's still worth giving it a try. Of course there must be a unit to deposit that matches exactly with what's needed and I wouldn't want to cut it that close. Since there's no points for DVC to rent out rooms, the tradtional 60 day limit shouldn't apply.