DawnMaree,
I sent in my initial paperwork for a Feb 1 use year. A few days later I called my guide because I was thinking a later use year would be better for me. She called me back about an hour later and said July 1 use year is available. They now have to send me all the paperwork over again. You can do it as long as the closing process hasn't started yet. I travel mostly from Sept. to Dec. I would have had to inform them to bank some of my points by july 31 with the Feb. use year. So if I decided on a whim in august to take a vacation in November, it would have been to late to use all my points. Now with the July 1 use year, I have till the end of Dec. to do any banking.