Use year/borrowing question (and a banking question too)

[lklasing]

Sorry to ask a question I'm sure I should already know the answer to! I just want to make sure I am thinking through a possible trip correctly.

I have a March use year. All my March 2014 points are used up already. I have 85 March 2015 points left. I am considering a trip this January which would require 55 points. Am I correct that if I book this trip, that I will have to borrow those 55 points, which means that I will have to use them (either for this intended trip or for another trip if for some reason the January trip can't happen) by the end of my use year? And would that date be February 28 or March 31, 2015?

Or, have I missed something entirely?

Another question that I should already understand - in trying to make sure I understand the parameters of borrowing as discussed above, I found a chart showing percentages of how much of each year's allotment can be banked, depending on how far ahead of time the banking is made. I have somehow completely missed that issue - that you can only bank up to 25% of your year's allotment 2 months ahead of time. I thought you could bank all of your points anytime prior to that date (for me with a March use year, December 31). It would appear that I totally missed that issue when purchasing.

Thanks for any thoughts on either of these issues.

 

[drusba]

With a March use year, you would need to borrow the points from the March 2015 use year for the January 2015 trip.

As to banking, you can bank up to all of your points in your use year at anytime on or before the end of your eight month in the use year. The chart you have found is the old one from years ago when there were different rules for banking

 

[lklasing]

Thanks, drusba, especially for the clarification on banking points. So glad to hear that I was looking at old information.

Regarding borrowing points for the possible January trip, what would be the deadline for me to use those borrowed points in the event that the trip in January has to be cancelled for some reason? Assume it would be cancelled more than 30 days out. I'm hoping to be able to do that trip but just not sure yet of my daughter's schedule with college during that time.

Thanks again.

 

[drusba]

Once borrowed, they would be in the 2014 use year and would have to be used for a trip that ends no later than February 28, 2015.

 

[lklasing]

Got it. Thanks so much!