USE year Confusion and questions

[Cmbar]

Hi all. we are STILL contemplating buying DVC and now Use year is giving me some pause. So a few questions.

IF I have a Dec use year at what date will I still be able to bank 100% of my points. I ask this because I used Caskbill's DVC planner and put in a pretend contract for a Dec use year for AKV. On his Banking program it show that In order to bank 100% of my 160 points I would have to bank by May 31st. Is this the case? I thought you had until Four month prior to your use year, so for a Dec Use year I would have to bank points by July 31st.

I am so confused now. What if my vacation in June 2009 is canceled and I was using all my points for that vacation from my Dec 2008 use points. Would I lose 50% of my points for that use year.


I am really struggling to understand this. Please help!

 

[castleri]

A Dec UY has until July 31 to bank points. If you cancelled a vacation planned for June you would have until the end of November to use the points you had borrowed and you would be able to bank the current UY points if you needed to since you have until July 31 to do so.

 

[CarolMN]

Hi all. we are STILL contemplating buying DVC and now Use year is giving me some pause. So a few questions.

IF I have a Dec use year at what date will I still be able to bank 100% of my points. I ask this because I used Caskbill's DVC planner and put in a pretend contract for a Dec use year for AKV. On his Banking program it show that In order to bank 100% of my 160 points I would have to bank by May 31st. Is this the case? I thought you had until Four month prior to your use year, so for a Dec Use year I would have to bank points by July 31st.

I am so confused now. What if my vacation in June 2009 is canceled and I was using all my points for that vacation from my Dec 2008 use points. Would I lose 50% of my points for that use year.


I am really struggling to understand this. Please help!

The banking rules have recently changed. You have until the end of the 8th month following the start of your use year to bank up to 100% of your annual allotment of points. You are not allowed to bank at all in months 9, 10, 11 or 12.

If you have a Decmber use year, you must bank by the following July 31st. You cannot bank in August, September, October or November.

If you use December 2008 use year points for a June 2009 vacation and cancel it at least 31 days prior to arrival, the points would be returned to your account. You would have until November 30 to use the points or you could bank any or all of them as long as you called to do it on or before the end of business on July 31.

If you cancelled the vacation 30 days or less prior to arrival, the returned points would go into the holding account. Holding acount points expire at the end of the use year (November 30) and can only be used to make a reservation for a stay no more than 60 days from the day you call to make the reservation. Holding points cannot be banked and availability is often very limited at the 60 day mark, so it's not uncommon for holding points to expire before they can be used.

 

[Cmbar]

The banking rules have recently changed. You have until the end of the 8th month following the start of your use year to bank up to 100% of your annual allotment of points. You are not allowed to bank at all in months 9, 10, 11 or 12.

If you have a Decmber use year, you must bank by the following July 31st. You cannot bank in August, September, October or November.

If you use December 2008 use year points for a June 2009 vacation and cancel it at least 31 days prior to arrival, the points would be returned to your account. You would have until November 30 to use the points or you could bank any or all of them as long as you called to do it on or before the end of business on July 31.

If you cancelled the vacation 30 days or less prior to arrival, the returned points would go into the holding account. Holding acount points expire at the end of the use year (November 30) and can only be used to make a reservation for a stay no more than 60 days from the day you call to make the reservation. Holding points cannot be banked and availability is often very limited at the 60 day mark, so it's not uncommon for holding points to expire before they can be used.

Thanks Carol. That helps a lot!