Use Year & Banking

[Nie0214]

OK, I thought I understood all the lingo and terms but now that I'm getting ready to offer on a resale contract, I'm starting to question everything I know. Hah!

Ex.

We buy an August UY with 0 '16 points, 100 '17 points. We want to plan a November '18 trip with the extended family that will require 250 points (so we will also need to buy some one-time points / borrow up to 50 points from '19).

You can do this, right?

The banked 2017 points can be used for a November '18 trip? They don't need to be used by July 31, 2018?

This is what I think is right but I have confused myself by thinking I need to bank by March 31, 2017. (Bank is 3/31/18, right?)

8/1/17 - 7/31/18 - '17 UY - Bank 100 by March 30
8/1/18 - 7/31/19 - '18 UY - Travel Nov 2018
8/1/19 - 7/31/20 - '19 UY - Borrow up to 50

 

[_auroraborealis_]

You would bank the August '17 UY points by March 30, 2018.

I would recommend borrowing the 50 from a subsequent UY to book a November trip, rather than trying to do OTU points. OTU points can only be used at 7 months, by phone, and 7 month booking for November an hour behind everyone able to do it online is not your friend.

 

[Nie0214]

You would bank the August '17 UY points by March 30, 2018.

I would recommend borrowing the 50 from a subsequent UY to book a November trip, rather than trying to do OTU points. OTU points can only be used at 7 months, by phone, and 7 month booking for November an hour behind everyone able to do it online is not your friend.

Thank you!!! And I didn't know that about the one-times. Very good to know! We will be trying to book at 11 months for this particular trip because 4 families are involved.)

 

[BillPA]

You can only buy 24 OTU points, so that would not work in you plan.

 

[Nie0214]

You can only buy 24 OTU points, so that would not work in you plan.

Yes, I did know that, it would have been so we'd borrow fewer off '19, but if you can't get OTU points until 7 months out, it's not worth it anyhow.