New Transfer Rules for Borrowed and Banked Points.

[Sandisw]

Article Here: https://dvcnews.com/dvc-program-men...ey-vacation-club-relaxes-point-transfer-rules

As I said in another thread I think this is a good thing for members with multiple use years as it will help make sure points aren't expiring.

Are there any downsides that anyone can think of that may come from this?

I think the fact that they are allowing extra transfer for exchanges could mean they hope that more people take advantage of that.

If they do, DVC gets to pull more rooms from inventory to rent.

It would be interesting if they came out with reduced point levels to encourage it.

Just the use of points for APs now will move rooms out of inventory from owners.

This allows owners to potentially trade more points for it.

 

[Sandisw]

Two threads have been merged here if it seems disjointed

 

[Sandisw]

To add, I did check all the amendments for my resorts, and they only include the typical amendments related to budgets.

 

[Tatebeck]

I think the fact that they are allowing extra transfer for exchanges could mean they hope that more people take advantage of that.

If they do, DVC gets to pull more rooms from inventory to rent.

It would be interesting if they came out with reduced point levels to encourage it.

Just the use of points for APs now will move rooms out of inventory from owners.

This allows owners to potentially trade more points for it.

Hmm. Do you mean that you can use transferred direct or grandfathered points from another member to pay for something like the sorcerer's pass or other exchanges like cruises etc? I know you can use OTUP for the sorcerer's pass but I don't know if I have seen transferred points mentioned.

Or do you just mean combining points that a member has in different use years being used for those things?

 

[Sandisw]

Hmm. Do you mean that you can use transferred direct or grandfathered points from another member to pay for something like the sorcerer's pass or other exchanges like cruises etc? I know you can use OTUP for the sorcerer's pass but I don't know if I have seen transferred points mentioned.

Or do you just mean combining points that a member has in different use years being used for those things?

An owner like me who can now borrow my points to help pay for the AP, so it gives me a lot more flexibility.

I can see the family who buys APs every other year, and who has multiple UYS, be strategic to buy more than one.

Owners have been allowed to transfer banked points between our membership, but never holding or borrowed points

So, if I can now take some of my extra points from next year and borrow them it means I have an easier way to get enough points.

The more people use points for things other than DVC rooms the more rooms DVC gets to rent which increases the breakage income for them.

Given that it said additional transfers can be used for exhanges, think of extended families who might all want to use points for say a cruise, now it appears they could combine more points in one membership to do it.

I do know that I can use my own transferred points to use for the AP since I am eligible to buy it.

So, there would be certainly nothing stopping an owner getting eligible points to use, because they are DVC Y, and then use their own points for bookings.

It’s not going to allow someone who isn’t DVC Y from getting the AP, but there are ways to make it work strategically.

I won’t get into cynical ways that could be done to fly under the radar. But this new flexibility might have owners using points in ways they didn’t.

As I mentioned, how cool would it be if cruises became less points.

If they did, it might stop an owner from renting and just paying cash…a common response here…and just end up exchanging via Disney.

Could end up as a a win for DVC since now they get the rooms to rent…and owners see fewer rentals happening from owners…but could end up seeing more rentals on Disney side of things.

 

[Cfabar1]

Has the language around transferring points and receiving money for the points been altered in any way?

I continue to be confused why members can rent out rooms for profit, but, as I understand it, cannot do the same by just transferring their points to another member.

Or am I misunderstanding something?

I would happily have a certain amount of points in my membership - say 200 or 300 that would be the "minimum" I want, and then buy transfer points from another member when I find I need more points in a given year beyond that amount.

 

[Sandisw]

Has the language around transferring points and receiving money for the points been altered in any way?

I continue to be confused why members can rent out rooms for profit, but, as I understand it, cannot do the same by just transferring their points to another member.

Or am I misunderstanding something?

I would happily have a certain amount of points in my membership - say 200 or 300 that would be the "minimum" I want, and then buy transfer points from another member when I find I need more points in a given year beyond that amount.

The reason they are different is because points are nothing more than a way to represent your ownership interest.

They don’t actual have a value. When people rent, they are not really renting points but renting the reservation on the unit.

So, points without the reservation are meaningless and why the rules dont allow money to be exchanged. They simply have chosen not to enforce that restriction.

Why do you think they don’t let you buy OTU points except when making a reservation?

It’s there way around it by transferring you the points and them renting the night or nights to you that they are being used in…you just get to use your points to cover any shortfall for those nights.

Because they have the unique ability to put points into another owner’s accounts and we do not, it is how they make it work.

 

[juliebee]

I'm not understanding why multiple use years would be a benefit here.

 

[Sandisw]

I'm not understanding why multiple use years would be a benefit here.

Because you can only transfer points between memberships.

So, those of us who want to combine points for trips or other uses, we can transfer points and borrow them, orc if we borrowed them and have to cancel, we can shift them into the other membership to use there.

It makes it much easier for owners like me. And, with the new MMB program, and the ability to use points for an AP…it adds even more options.

And, it could be a benefit for extended families who own memberships and they want to combine.

For example, my niece last year had 10 banked points expiring and wanted to give them to me.

Because banked points couldn’t be transferred, I ended up having to buy OTU points to use with them to book the single night.

Now, if it happens again, she could transfer to me and I’d be able to use easily with my own points.

 

[Sandisw]

Another thing I just realized. The MMB program eliminate the $95 exchange fee. And now we see that they will allow more transfers when exchanging.

Could my hope of seeing better exchange point charts come next????

 

[VandVsmama]

Disney Vacation Club Updates Transfer Rules: More Flexibility for Members​

Disney Vacation Club has updated its transfer rules, offering more flexibility than ever before. Members can now transfer banked, borrowed, reservation, and holding points, opening up exciting new possibilities for managing your points.
Want to know what these changes mean for you? Head to DVCFan.com to read our full breakdown and learn how these updates could impact your next Disney vacation!
https://dvcfan.com/general-dvc/disn...-transfer-rules-more-flexibility-for-members/
#DVC #DisneyVacationClub #DVCFan #DisneyNews #DisneyVacation

Thanks for posting that article! It explains it in simple english that us newbies can understand.

 

[juliebee]

Because you can only transfer points between memberships.

I only have one contract, so obviously one use year, so this is probably why I don't understand quite yet.

Let's say a member has two contracts- Boardwalk and Aulani and they are both June use year. They can't transfer points between them? But can they combine to book a reservation at 7 months at the Polynesian, right? I thought that was how that worked, but if I misunderstood that could be why this doesn't make sense to me.

In situation 2, the member has two contracts- Beach Club February use year and Grand Floridian December use year. Why would you want to transfer points between the two contracts? If I understand correctly, any transferred points retain their use year and home resort status so why would you want to transfer points between the two contracts?

 

[aammtt20]

I only have one contract, so obviously one use year, so this is probably why I don't understand quite yet.

Let's say a member has two contracts- Boardwalk and Aulani and they are both June use year. They can't transfer points between them? But can they combine to book a reservation at 7 months at the Polynesian, right? I thought that was how that worked, but if I misunderstood that could be why this doesn't make sense to me.

In situation 2, the member has two contracts- Beach Club February use year and Grand Floridian December use year. Why would you want to transfer points between the two contracts? If I understand correctly, any transferred points retain their use year and home resort status so why would you want to transfer points between the two contracts?

If you have contracts in two different use years, then each of those contracts is placed in it's own membership and cannot be used combined to book the points with out transferring points. So in scenario 2, let's say the owner wanted to make a reservation Boulder Ridge but they needed points from both their BC and GFV contracts in order complete the reservation. First, they would need to transfer between the contracts, to get all of the points they need to make the reservation under one roof.

In scenario 1, the points are already in the same account, so they impossible to transfer, since they are essentially already transferred. They are in the same account, so they can already be used to make bookings combined at the 7 month mark.

 

[AstroBlasters]

I'm not understanding why multiple use years would be a benefit here.

Let’s say you have a WDW UY and a separate DLand/Aulani UY and use a bank/borrow strategy with both.

Let’s say you have a trip to WDW in 2025 that you are using 2024,2025, and 2026 points for and don’t plan to go back to WDW until 2028. But…. you have a random 23 points in the 2026 UY that are stuck there until 2026….

However…. with the new rules you can TRANSFER those points to your DL/AUL UY and then use the BANK or BORROW those points for a 2025 or 2027 DLand/AUL stay a the 7m mark. Previously you could transfer them, but they would be stuck in the 2026 UY and that would limit your booking options based on whatever happened to be available at 7m.

So, you now can stalk the system for 3 years at the 7m mark to see if you desired room comes out as opposed to just 1. That’s huge!

It’s not a reason to have multiple UYs, it just creates less of a penalty for doing so.

 

[MarkNC2Disney]

As I mentioned, how cool would it be if cruises became less points.

If they did, it might stop an owner from renting and just paying cash…a common response here…and just end up exchanging via Disney

Gotta be honest - I see a day in the future where we downsize our points as our kids grow up and there’s a decade gap before grandkids arrive.

But you never grow out of cruising make it a more fair swap, and I’m in!

 

[Sandisw]

Gotta be honest - I see a day in the future where we downsize our points as our kids grow up and there’s a decade gap before grandkids arrive.

But you never grow out of cruising make it a more fair swap, and I’m in!

I think I posted this, but the MMB program eliminates the $95 fee for those who exchange.

I just wonder…and hope..that this is all connected and that it also does what some want…too take rentals out of the market.

Gives more rooms to Disney when owners exchange, but if it’s a win for using points because of the ease for cruises, I am in too!!

It’s why I am using points to renew my AP… I have them and it’s much easier than renting, which I don’t want to do!

Also, getting the BOGO free points, I have the ability to replace some of them for less than the value I am getting for using for the AP.

 

[AstroBlasters]

Gotta be honest - I see a day in the future where we downsize our points as our kids grow up and there’s a decade gap before grandkids arrive.

But you never grow out of cruising make it a more fair swap, and I’m in!

A PSA that the board sponsor and others have a swap program that lets you do that now…. it’s one reason why preserving the ability to rent out points is important for people who want to be long term owners.

https://www.dvcresalemarket.com/buying/world-of-dvc-point-swap-program/
https://dvcrequest.com/dvc-owners/dvc-cruise-swap-program

 

[MarkNC2Disney]

A PSA that the board sponsor and others have a swap program that lets you do that now…. it’s one reason why preserving the ability to rent out points is important for people who want to be long term owners.

https://www.dvcresalemarket.com/buying/world-of-dvc-point-swap-program/
https://dvcrequest.com/dvc-owners/dvc-cruise-swap-program

Yup that seems like a nice program.

 

[AstroBlasters]

Yup that seems like a nice program.

We have day dreams of doing some Adventures by Disney with our DVC points some years…. especially the Grand Europe trip….

 

[Sandisw]

A PSA that the board sponsor and others have a swap program that lets you do that now…. it’s one reason why preserving the ability to rent out points is important for people who want to be long term owners.

https://www.dvcresalemarket.com/buying/world-of-dvc-point-swap-program/
https://dvcrequest.com/dvc-owners/dvc-cruise-swap-program

It does make you wonder if what we might be seeing, in light of it all, is DVC making the exchanging via them a better value and owners will chose that over the ease of renting and then paying cash for those same options.

It would be a big win for them because they get to increase their income via breakage.

Shifting the market from owners to themselves?

We have the elimination of the $95 fee if you join MMB, increasing the type of points one can get via transfer and now, allowing additional transfers when using them for exchanges.

Seems to me like something might be coming??