Use year question

[Polynesian27]

Hi All,
My wife and I have been thinking about buying into DVC and I have been researching and learning about everything for the last few weeks. My question concerns use year. If my use year is December and I'm issued 180 points December 2013 and I use all 180 points for a trip in August 2014, do I then have to wait until December 2014 to book my next trip when my points are issued again? Thanks!

 

[Deb & Bill]

Hi All,
My wife and I have been thinking about buying into DVC and I have been researching and learning about everything for the last few weeks. My question concerns use year. If my use year is December and I'm issued 180 points December 2013 and I use all 180 points for a trip in August 2014, do I then have to wait until December 2014 to book my next trip when my points are issued again? Thanks!

No, you can book another trip during your Dec 2013 UY and borrow the Dec 2014 points or you can book a trip during your Dec 2014 UY using those points (and you can call to make the reservation 11 months in advance, no matter).

 

[sonofasailor]

You can book at the 11 month point since points reload in Dec 14 as long as vacation is Dec 14 or later...or you can borrow points from the next use year. You don't have to have the points in your account to book...as long as they are there when you take the vacation....pretty sure this is right...

 

[LisaS]

No, you don't have to wait. Your points don't drop into your account at the start of each Use Year, they are all already there. Each set of points are valid for stays that fall within certain dates. For example:

Your Dec 2013 UY points are valid for stays from 12/1/2013 - 11/30/2014
Your Dec 2014 UY points are valid for stays from 12/1/2014 - 11/30/2015
Your Dec 2015 UY points are valid for stays from 12/1/2015 - 11/30/2016
and so on through the last full UY of your contract.

You can move points forward one UY by borrowing or move them back one UY by banking. If your Aug 2014 stay required more than one UY's worth of points you could borrow some Dec 2014 UY points into your Dec 2013 UY (making them valid for stays from 12/1/2013-11/30/2014) and use them for your Aug 2014 stay.

Similarly, if you didn't plan to use all of your Dec 2013 UY points within your 2013 UY, you could bank them into your Dec 2014 UY and use them for stays from 12/1/2014-11/30/2015.

You can book a stay using home resort points up to 11 months from check-in regardless of your UY. You can book a stay using non-home points up to 7 months from check-in, again, regardless of your UY. You just need to have enough points in the same UY as your reservation dates at the time you make the reservation. Those could be points "current" for that UY or points banked from the prior UY or points banked from the next UY.

ETA: Banking and borrowing are final transactions. The points stay in the UY into which they were banked or borrowed even if you cancel your stay.

 

[Polynesian27]

Thank you so much guys, your post were perfect, I know understand!! One last question....what are the rules for banking and borrowing, are there time restrictions? Thanks again!!

 

[Deb & Bill]

Thank you so much guys, your post were perfect, I know understand!! One last question....what are the rules for banking and borrowing, are there time restrictions? Thanks again!!

Yes, you can bank your points anytime during the first eight months of the current year. They can be banked for one year.

So you have Sept 2013 points. You can bank them up to April 30, 2014. They have to be used between Sept 1, 2014 and Aug 31, 2015. You cannot unbank them.

You can borrow up to one year's worth of points. You cannot unborrow them. So, again you have Sept 2014 points. You borrow them into your Sept 2013 UY. They have to be used by Aug 31, 2014.

 

[Polynesian27]

Thanks again, that was a huge help!!

 

[Polynesian27]

Can you only borrow points in the first 7 months of your use year like banking, or can you borrow at anytime?

 

[chalee94]

Can you only borrow points in the first 7 months of your use year like banking, or can you borrow at anytime?

you can borrow pts at any time.

you do not borrow pts just to have them available, you only borrow pts when making a reservation.

 

[mikeymc1115]

So I can bank up to 8 months after my UY; cool. Once they are banked, they are banked. But what if 10 months after my use year, I want to play a spur of the moment trip...can I then borrow from the next year in order to go?

i.e.

Jan 13 - 200 Points

July 13 - Bank all 200 points

Nov 13 - Can I borrow from Jan 14 Points?

 

[chalee94]

So I can bank up to 8 months after my UY; cool. Once they are banked, they are banked. But what if 10 months after my use year, I want to play a spur of the moment trip...can I then borrow from the next year in order to go?

i.e.

Jan 13 - 200 Points

July 13 - Bank all 200 points

Nov 13 - Can I borrow from Jan 14 Points?

there's no such thing as a Jan UY but in principle, sure.

 

[Dean]

So I can bank up to 8 months after my UY; cool. Once they are banked, they are banked. But what if 10 months after my use year, I want to play a spur of the moment trip...can I then borrow from the next year in order to go?

i.e.

Jan 13 - 200 Points

July 13 - Bank all 200 points

Nov 13 - Can I borrow from Jan 14 Points?

Yes as asked. What you can't do is borrow the banked points.