Use Banked Points from Resale Question

[MinnieSueB]

New Member here still learning - purchased resale contract and points finally loaded last week. Dec UY which we had seller bank 16 points from 2019 - when do those points expire? Do we need to use them by Dec '20?

 

[Ruttangel]

New Member here still learning - purchased resale contract and points finally loaded last week. Dec UY which we had seller bank 16 points from 2019 - when do those points expire? Do we need to use them by Dec '20?

Dec 2019 UY runs 12/1/19 to 11/30/20, so you have until 30/11/21 to use Dec 2020 UY points which includes these banked points.

 

[MinnieSueB]

Dec 2019 UY runs 12/1/19 to 11/30/20, so you have until 30/11/21 to use Dec 2020 UY points which includes these banked points.

Great! That is what I was thinking. Thank you!

 

[cmrdgrs]

New Member here still learning - purchased resale contract and points finally loaded last week. Dec UY which we had seller bank 16 points from 2019 - when do those points expire? Do we need to use them by Dec '20?

Agree with the PP.

The 16 2019 banked points on your contract can be used on any reservation that falls in your 2020 UY = December 1, 2020 - November 30, 2021

Your UY runs from December 1 - November 30 every year. The deadline for banking any points forward occurs 4 month prior to the start of your UY. Your banking deadline for your December UY is July 31. Once points are banked to a future UY they can only be used on a reservation that falls in that future UY.

Below is more information related to banking, that you didn't specifically ask for, but I hope you find helpful:

Another rule that trips new people up (it did me when I was new) is that banked points cannot be borrowed and/or transferred to another member. I tell you this because when I was new, I thought that you could only bank points forward once. It took me several years to learn that is not the case. You can make multiple banking transactions up to the point of your deadline (if you need/want to).

As a general rule, I try to wait until I'm a day or two out from my deadline before I bank because plans change, and I have been caught making a last minute plan in the last 4 months of my UY and obviously, you want to use your "oldest" points first. If you bank your points forward and then decide you want to travel in the last 4 months of your UY and don't have enough points to travel, you cannot pull those banked points back into the prior UY to make a reservation. You would have to borrow from your future UY in order to be able to make your new reservation.

Do not miss your banking deadline! Put it on your calendar, create a reminder on your phone, and be sure to pay attention to this date.

Congratulations on your purchase! I hope you make many happy memories in your new home.

 

[MinnieSueB]

Agree with the PP.

The 16 2019 banked points on your contract can be used on any reservation that falls in your 2020 UY = December 1, 2020 - November 30, 2021

Your UY runs from December 1 - November 30 every year. The deadline for banking any points forward occurs 4 month prior to the start of your UY. Your banking deadline for your December UY is July 31. Once points are banked to a future UY they can only be used on a reservation that falls in that future UY.

Below is more information related to banking, that you didn't specifically ask for, but I hope you find helpful:

Another rule that trips new people up (it did me when I was new) is that banked points cannot be borrowed and/or transferred to another member. I tell you this because when I was new, I thought that you could only bank points forward once. It took me several years to learn that is not the case. You can make multiple banking transactions up to the point of your deadline (if you need/want to).

As a general rule, I try to wait until I'm a day or two out from my deadline before I bank because plans change, and I have been caught making a last minute plan in the last 4 months of my UY and obviously, you want to use your "oldest" points first. If you bank your points forward and then decide you want to travel in the last 4 months of your UY and don't have enough points to travel, you cannot pull those banked points back into the prior UY to make a reservation. You would have to borrow from your future UY in order to be able to make your new reservation.

Do not miss your banking deadline! Put it on your calendar, create a reminder on your phone, and be sure to pay attention to this date.

Congratulations on your purchase! I hope you make many happy memories in your new home.

Thank you so much!!! Excited to start using points & already looking to add!

 

[cherlcher]

New Member here still learning - purchased resale contract and points finally loaded last week. Dec UY which we had seller bank 16 points from 2019 - when do those points expire? Do we need to use them by Dec '20?

If you don't mind my asking, when did your contract close and when did you receive membership and points? I closed a contract last month, so I am trying to get a rough estimate of what the current timelines are. Thanks in advance.

 

[MinnieSueB]

Our Contract Closed: 6/17
Membership Account: 7/31
Points in Account: 8/18

 

[macman123]

If you don't mind my asking, when did your contract close and when did you receive membership and points? I closed a contract last month, so I am trying to get a rough estimate of what the current timelines are. Thanks in advance.

Takes about 5 weeks for contact to be loaded. Then a further 2-3 weeks for points.

 

[macman123]

Your UY runs from December 1 - November 30 every year. The deadline for banking any points forward occurs 4 month prior to the start of your UY. Your banking deadline for your December UY is July 31. Once points are banked to a future UY they can only be used on a reservation that falls in that future UY.

Would I be right in thinking that travel has to be completed by 30th Nov too to be current UY?

Or can you book in October 2020 for travel Jan 2021 and be in current UY?

 

[MinnieSueB]

Takes about 5 weeks for contact to be loaded. Then a further 2-3 weeks for points.

Hopefully they are starting to speed things up

 

[MinnieSueB]

Would I be right in thinking that travel has to be completed by 30th Nov too to be current UY?

Or can you book in October 2020 for travel Jan 2021 and be in current UY?

Travel would need to be completed by 11/30/21 for us
and yes, can book Oct 2020 & travel in Jan 21 for the current UY

 

[macman123]

Travel would need to be completed by 11/30/21 for us
and yes, can book Oct 2020 & travel in Jan 21 for the current UY

So for the Dec 2019 points - then as long as you book before the end of your UY you can travel on those points after the UY ends? Ie Jan2 21.......

 

[Marionnette]

So for the Dec 2019 points - then as long as you book before the end of your UY you can travel on those points after the UY ends? Ie Jan2 21.......

No.

Travel for a Dec UY with 2019 points would have to be completed no later than Dec 1, 2020. That means that Nov 30, 2020 would be your final night.

 

[MinnieSueB]

We had the previous owner bank the 2019 points for us so we can use them thru 11/30/21

 

[HappyDisneyWife]

Would I be right in thinking that travel has to be completed by 30th Nov too to be current UY?

Or can you book in October 2020 for travel Jan 2021 and be in current UY?

So, it obviously depends on your use year (month) to determine which year (calendar) you’re actually using it in. Remember, you can always book 11-months from any date, using home resort priority... no matter what your UY is.

If you’re talking about a December UY, you can book in Oct of 2021 for January 2022, and you’d be using 2021’s points because Dec UY goes from Dec 1 (2021) - Nov 30 (2022)... but it would be much better to book that trip in February of 2021, as soon as your 11-month window opens up. Either way you must use 2021 UY points for a January 2022 reservation (whether by annual allotment, banking, or borrowing) So, “current UY” for December is for the most part during the year following it (i.e. most of the 2022 calendar year is when your 2021 Dec UY points are bookable).

I hope that clarifies it for you a little bit better. Dec is probably the most “confusing” UY, but there’s always crossing over years no matter which UY you have.

 

[Sandisw]

So for the Dec 2019 points - then as long as you book before the end of your UY you can travel on those points after the UY ends? Ie Jan2 21.......

Everything is based on the UY of the trip, not when you book.

So, a Jan 2021 trip happens in the Dec 2020 UY. That means you can only use banked 2019, 2020, and borrowed...up to 50%...to book the trip,

If someone has a Dec UY, and still has 2019 points that were not banked, then they expire for use on November 30th.

 

[macman123]

Everything is based on the UY of the trip, not when you book.

So, a Jan 2021 trip happens in the Dec 2020 UY. That means you can only use banked 2019, 2020, and borrowed...up to 50%...to book the trip,

If someone has a Dec UY, and still has 2019 points that were not banked, then they expire for use on November 30th.

Thanks