URGENT help needed re: banking

[mommy2hannahgrace]

Hi there-

I am totally having a brain malfunction in regards to banking points. My banking deadline is May 1st, and I will be getting online in the morning to book a vacation for October 29, 2016...
This is what the DVC site says:

Use YearSeptember 2016
Total Annual Allotment of Vacation Points
100

Total Vacation Points Remaining
21

Total Vacation Points Available to Bank
21

Total Vacation Points Available to Borrow
21

Do I need to bank my points first before booking? Will these 21 points expire in Sept this year? Sorry, I am so confused right now! I am planning to borrow my 2017 points for this reservation which I believe I have access to in September so that would work for this trip.

Any input would be great!

 

[KAT4DISNEY]

So it's a Sept UY that you have? If they are actually 2016 points then you do not bank. If they were 2015 points then they would be expiring Aug 31st 2016 if you did not bank them, but according to the info they are 2016 and that makes them valid for stays from Sept 1, 2016-Aug 31, 2017. So when you go to book the Oct 2016 stay they will be available to use without you doing anything. You will be asked to borrow from your 2017 UY and that is done as you are making the reservation.

 

[mommy2hannahgrace]

Thank you Kathy!

 

[JimMIA]

The 21 points are 2015 points; you will not receive your 2016 allotment until September 1st. If you're not going to use them before they expire, you should bank those 21 points and they will be used first for your October vacation.

Also, you know that you don't have to wait until September to book your October trip right? You can do that now, but bank the 2015 points first so you'll be sure to get some use out of them.

 

[erionm]

The 21 points are 2015 points; you will not receive your 2016 allotment until September 1st. If you're not going to use them before they expire, you should bank those 21 points and they will be used first for your October vacation.

According to the information the OP posted, they are 2016 points:

Use Year September 2016

The OP does not need to bank these points to use them for an Oct 2016 reservation.

 

[jerseyduke]

If there are 21 points available to borrow, they must be from the next UY (you can not borrow current points), which means they are 2016 points based on a Sept UY.

You do not need to bank anything. You can call and make your reservation today. Just be aware, that since you are borrowing your 2017 points, that is an irreversible transaction. Those 2017 points will expire at the end of your 2016 UY (Aug. 31st, 2017). Should you cancel your ressie, you can not rebank them.

As an aside, this is a great example of why it is safer if you travel in the early part of your UY. Should you cancel with those borrowed points, at least you have another 10 months to use them!

 

[mommy2hannahgrace]

Thank you all so much for the help! I signed on this morning to make my reservation and the craziest thing happened and all my points disappeared! Had to wait and call member services at 9am and they were able to recover my points for me and they were just as confused about what happened! It turns out like many said, the 21 points I had did not need to be banked until April of next year and I was able to borrow from my 2017 points to book this October vacation. Thanks so much for all the assistance!