When can you use the banked points?

[missy2217]

I have three hundred points that need to be banked by the end of November, I have a April UY. Once those are banked when can I make a reservation with them? Are they in limbo for a certain period of time?

Thanks in advance for everyones help, this is all new to us!

 

[SuzanneSLO]

When banked, your April 2008 points must be used for a reservation for a stay from April 2009 to March 2010. You can make a reservation with the points as soon as they are banked. Enjoy! -- Suzanne

 

[Tink6666]

So if I understand this correctly, I am getting 98 banked banked points from 2007 on my recent purchase thru resale. As soon as I get them I can use them. I have an August UY.

 

[CarolMN]

So if I understand this correctly, I am getting 98 banked banked points from 2007 on my recent purchase thru resale. As soon as I get them I can use them. I have an August UY.

Yes, but the reservation must be for a stay that will occur between 8/1/2008 and 7/31/2009. If those banked points (originally from the 2007 use year) are not used prior to 7/31/2009, they expire and are lost to you.

 

[Disney Doc]

Think of it this way... when you bank 2008 points, they instantly "become" 2009 points. For reservation purposes, you can do with them what you would do with any original 2009 points - except re-bank or borrow them.

 

[Buckeye Fan]

Someone on the boards presented it like this for me a long time ago, and it really helped it click. You can lay it out like this with your points, regardless what UY. I'll use Aug, since that is our UY.

How points work (unless banked):
* 2007 points were deposited on Aug 1, 2007, and were good for vacations from Aug 1, 2007 - July 31, 2008.
* 2008 points were deposited on Aug 1, 2008, and are good for vacations from Aug 1, 2008 - July 31, 2009.
* 2009 points will be deposited on Aug 1, 2009, and will be good for vacations from Aug 1, 2009 - July 31, 2010.

Banking and some things to remember:
* For any UY, 100% of points can be banked during the first 8 months of your UY. Since we have an Aug UY, we can bank points starting Aug 1 and bank through March 31 of any given year.
* Points can be banked into the next UY. When you bank, you may use those points for vacations scheduled within the next UY. For example, if I bank points from 2008 into the 2009 UY, I have until March 31, 2009 to do so (first 8 months of my UY). If I bank 160 points by this coming March, I can use those points to book vacations from Aug 1, 2009 - July 31, 2010.
* Once banked, points cannot be banked again. Those 160 points must be used by July 31, 2010, or they will expire.
* Once banked, points cannot be returned to their original UY.
* It's common practice that MS uses banked points first when making reservations, but I always ask. Just makes me feel better! Also, if you happen to cancel part of a reservation, make sure what is credited back to your UY is your current UY points, not your banked points. Again, should be standard practice, but sure doesn't hurt to ask.

I hope this helps. It really helped me when I was trying to understand the whole banking/borrowing thing!

 

[Buckeye Fan]

So if I understand this correctly, I am getting 98 banked banked points from 2007 on my recent purchase thru resale. As soon as I get them I can use them. I have an August UY.

Those 98 points can be used for any vacations starting on Aug 1, 2008 - July 31, 2009. If not used by July 31, 2009, you will lose them. You will not be able to bank them again.

Congrats on your purchase, and HOME!!!

 

[5forDiz]

I have three hundred points that need to be banked by the end of November, I have a April UY. Once those are banked when can I make a reservation with them? Are they in limbo for a certain period of time?

Thanks in advance for everyones help, this is all new to us!

April Use Year is 4/1/2009 - 3/31/2010 so if tomorrow morning,

you call MS and banked those 300 points into your 2009 Use Year

you could then (as of tomorrow)

make a reservation that would utilize those 300 points

at your Home Resort (using 11 month booking advantage)

for a stay that begins anywhere from April 1, 2009 through

September 20, 2009.

If you wished to make a reservation that utilizes those points at

a DVC resort that is not your HR you can book a stay that begins

anywhere from April 1, 2009 through May 20, 2009.

 

[missy2217]

April Use Year is 4/1/2009 - 3/31/2010 so if tomorrow morning,

you call MS and banked those 300 points into your 2009 Use Year

you could then (as of tomorrow)

make a reservation that would utilize those 300 points

at your Home Resort (using 11 month booking advantage)

for a stay that begins anywhere from April 1, 2009 through

September 20, 2009.

If you wished to make a reservation that utilizes those points at

a DVC resort that is not your HR you can book a stay that begins

anywhere from April 1, 2009 through May 20, 2009.

Sorry but this last one really confused me. Are the dates correct on this one.

 

[CarolMN]

April Use Year is 4/1/2009 - 3/31/2010 so if tomorrow morning,

you call MS and banked those 300 points into your 2009 Use Year

you could then (as of tomorrow)

make a reservation that would utilize those 300 points

at your Home Resort (using 11 month booking advantage)

for a stay that begins anywhere from April 1, 2009 through

September 20, 2009.

If you wished to make a reservation that utilizes those points at

a DVC resort that is not your HR you can book a stay that begins

anywhere from April 1, 2009 through May 20, 2009.

Sorry but this last one really confused me. Are the dates correct on this one.

No they are not. The first line should read 4/1/2008 - 3/31/2009. Then the rest will make sense.

 

[5forDiz]

Sorry but this last one really confused me. Are the dates correct on this one.

Missy, Sorry meant to say in first line of my reply to you

2009 April Use Year is 4/1/2009 - 3/31/2010 . . .

hope this clears it up.

Although CarolMN cites using April 2008 Use Year instead for first line

(your current Use Year) and think that may ' flow/read ' better with rest of

what my post said.

 

[missy2217]

Okay so I banked my 2008 points, 278 points. My use year is April. So those points can be used through March 31, 2010. Is this correct?

 

[Buckeye Fan]

Okay so I banked my 2008 points, 278 points. My use year is April. So those points can be used through March 31, 2010. Is this correct?

That is correct. You can use those points to make reservations from April 1, 2009 - March 31, 2010. If you don't use them by March 31, 2010, they will expire.