What to do with banked points

[Degli]

Was wondering what to do with 96 banked points for March 2005 use year. We will be going to Disney over this president's day week (Feb.) so it may not work out that we can use the banked points the same use year. Any suggestions on when to rent them out if this is possible. They are for OKW. Any suggestions would be greatly appreciated. Thanks

 

[CarolMN]

Originally posted by Degli
Was wondering what to do with 96 banked points for March 2005 use year. We will be going to Disney over this president's day week (Feb.) so it may not work out that we can use the banked points the same use year. Any suggestions on when to rent them out if this is possible. They are for OKW. Any suggestions would be greatly appreciated. Thanks

Not exactly sure what you mean - are the 96 points expiring on March 1, 2005? Or are they banked into the March 2005 use year?

 

[Degli]

They expire March 2006 although we may not go before then and I don't want to lose them.

 

[Dean]

You can rent them, use them, send a guest or deposit time with II.

 

[Luvdisney]

To bad you can't transfer them, because I would be more then happy to use them for you!

 

[Degli]

Again, how does renting banked points work? I know what the going rate is but the points can't be transferred if they are banked right?

 

[Luvdisney]

Correct, banked points can't be transfered. Renting points can be done. You just find someone who is interested in paying you for the points. You make the reservation for the renter and use the renters name for the reservation. You just have to have some trust between you and your renter. But the majority of rentals go without a hitch. Well at least so far fro me. You can find more info on renting points on the rent/trade forum.

 

[cdy16zz]

We'll take them!!!!!!!!

Would hate to see them go to waste!!!!!!

Candy & Bob

 

[QuiltTeddy]

Originally posted by Dean
deposit time with II.

I haven't heard this term. What does it mean?

Thank you.

 

[Dean]

Originally posted by QuiltTeddy
I haven't heard this term. What does it mean?

Thank you.

While most DVC II trades are request first, it is possible to deposit with II for a future exchange. It is a little complicated and something one needs to consider carefully. Lets take the current situation. One could take the 96 points that would expire plus another 64 and deposit with II for a HIGH season 1 BR which would be good for travel from the date of deposit until 2 years from the start date of the unit that DVC actually gives to II, assume some 2.5 years roughly with a max of 2 yrs 10 months and 3 weeks. Remember you have to complete any travel by that time, not just make the arrangements. While it's possible to deposit less points either for a 1 BR at a lower season or a studio at some season, I'd do 160 in this situation if it were I or not do it. I'd also ask DVC to deposit a week as close to 11 months out as possible to give you the most time to use it.

I'd also put in a request at that moment or shortly after for something good, say Maui, Westin St. John, Four Season's, Xmas in Caribbean, etc. Then if you get further into it and the really good stuff hasn't materialized, you could expand your search. And in case you might ask, no you can't exchange back into DVC using this method, I asked, LOL. Though if I had a deposit, I'd still try again to pull that one off.

Another thing you could do would be to trade points. Maybe let someone use those points now with the idea of you using their points later, even it you traded 96 for 80, you'd likely be better off. Renting them is still the best option in most cases though.