No, his lips were moving. The only way a transfer of your account will stay VIP is to an immediate family member. Outside of that, the account loses VIP status when transferred via resale to a thrid party.
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WE DID IT! We bought Fairshare Plus Points and are reading all the literature!
- Thread starter rickandcindy23
- Start date
No, his lips were moving. The only way a transfer of your account will stay VIP is to an immediate family member. Outside of that, the account loses VIP status when transferred via resale to a thrid party.
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There have been many FF/Wyndham owners who have recently found their VIP status taken away when FF has found out that they have resales in the FF holdings. That is proof enough for me! Beyond that, I was recently on a FF Owners' Update where the sales rep told me that my two FF fixed weeks could be converted to points but that they wouldn't be included in any packaging that would entitle me to VIP benefits. If I want VIP (which I don't) I would have to buy at least a 300k point package from them (FF/Wyndham). No thanks!
Quoting from the FF/Wyn's Member Directory:
"Eligibility Requirements: VIP program benefits are offered to Fairshare Plus Members allocated at least 300,000 Fairshare Plus points on an annual basis. Only Fairshare Plus point associated with ownership interests purchased directly through Fairfield or its affiliates, ownership interests acquired by will or intestate succession, ownership interests acquired by "Immediate Relative" of Members or through PIC conversion count toward VIP status.
"Immediate Relative" currently includes parents, spouses, domestic partners, siblings, children and grandchildren. Purchases of ownership interests made from private individuals or resale companies will not count toward total points required for VIP eligibility."
HTH.
ausman
TUG Member
It is May 4th but not midnight here yet.
Cindy, what did you do.?
Cindy, what did you do.?
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We met BocaBum here in sunny Waikiki Beach for lunch yesterday, thought about this whole thing last night and today, then we rescinded a few short hours ago, via certified letter, return receipt.
BocaBum actually said it was a pretty good deal that we got, but he also explained that we could do it cheaper, and I am all about that!
It was wonderful meeting Jim in person.
He is as nice as we all imagine him to be!
BocaBum actually said it was a pretty good deal that we got, but he also explained that we could do it cheaper, and I am all about that!
It was wonderful meeting Jim in person.
He is as nice as we all imagine him to be!Cindy, it must have been a very emotional week for you trying to make up your mind what to do. I hope you are happy with your decision. You can always buy again later but you cannot rescind after your rescission deadline has passed.
How do you like staying at this resort? It certainly is in the middle of where the action is and a few steps from the beach. Did you have a view or not and did you make any pictures? Will you tell us more?
How do you like staying at this resort? It certainly is in the middle of where the action is and a few steps from the beach. Did you have a view or not and did you make any pictures? Will you tell us more?
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Could you explain how it could be cheaper. I'm assuming that you're still trying to get the platinum or gold VIP and convert some of your other RCI weeks into the Wyndham system. I did the Wyndham tour at Kona Hawaiian Resort and the salesperson claimed that if I purchased a Kona resort week that I could bring in my 2 weeks of a 3 bedroom Tahoe resort and somehow end up with over 500,000 points. I didn't do it because it cost $19,000 for an EOY at Kona but the idea of getting some better trades than what RCI isnow giving me for Tahoe would be appealing, if there is a cheaper way to do it. Thanks
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Some resorts allow you to convert weeks you already own for a lesser cost. We understand that is can be $2,395 for the conversion of the first week and $995 for each additional week. There are other ways, too, to get the same thing done. Wyndham has started to allow resale buyers to purchase a small points package and convert the others along with the new purchase. That was basically what we were doing, but because it is Hawaii, we think it was more expensive. We will see. I am watching ebay auctions and am very interested in those.
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Some resorts allow you to convert weeks you already own for a lesser cost. We understand that is can be $2,395 for the conversion of the first week and $995 for each additional week. There are other ways, too, to get the same thing done. Wyndham has started to allow resale buyers to purchase a small points package and convert the others along with the new purchase. That was basically what we were doing, but because it is Hawaii, we think it was more expensive. We will see. I am watching ebay auctions and am very interested in those.
Very interesting, the salesperson claimed that you could only bring in other non-wyndham weeks for VIP qualification if you purchased at least an EOY week from the developer not on any resales. Will be interested to hear if your resale purchase works.
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An ebay purchase would not allow us to PIC our RCI weeks. We are going to buy the points, then talk to sales about an additional purchase to get us to Platinum VIP level.
joestein
TUG Member
It is my understanding that fixed weeks converted into FSP points do in fact count towards VIP. In fact, if you read the description in the earlier message, it says that only points purchased directly from Wyndham count towards VIP. I think converting your fixed weeks into points would count as 'direct purchase from Wyndham'.
Tom Cornelius, who I think is the largest FSP point converter there is, once mentioned in an email that converted points do count towards VIP status.
Joe
Tom Cornelius, who I think is the largest FSP point converter there is, once mentioned in an email that converted points do count towards VIP status.
Joe
Jya-Ning
TUG Member
No, it may or may not. Since they can track the fixed week that is in their system. So if it is resell, it should not count. But if you own the week a while ago or before they put it in to their system, it should count. Also, mistake do happen.
Jya-Ning
joestein
TUG Member
You know how many weeks that Tom buys and then converts, so I think that it must convert to VIP eligible points.
I am thinking of getting in the FF points resale business, if and when I do, I will let you know how the points turn out.
Joe
Hawaiibarb
TUG Member
I was offered a similar package because I considered converting my Pahio points to Fairfield Points. I would have been Platinum level, too, but, as I said, I wasn't willing to pay the price. As we say in Hawaii, you are "akamai" ts owners, so do what feels right to you.
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Barb,we did rescind that package, but now they are exercising ROFR on our most recent purchase. I cannot believe they would be vengeful like that, but they sure are. The paperwork for ROFR was signed by David Walters.
pattic777
TUG Member
Rate to convert weeks
We were quoted either $186 or $189 per deed to convert (I didn't write it down, but I do remember it was "per deed" so if we had bought two intervals on the same deed, it would be one fee). The salesperson said that we would initially be quoted $2395, but once we agreed to buy, we would be given the lower price as a perk.
Patti
We were quoted either $186 or $189 per deed to convert (I didn't write it down, but I do remember it was "per deed" so if we had bought two intervals on the same deed, it would be one fee). The salesperson said that we would initially be quoted $2395, but once we agreed to buy, we would be given the lower price as a perk.
Patti
vincenton
TUG Member
Hello Patti,
Yes, it that is normal fee for converting a fixed week into FF points. If you did a straight conversion it would be $2395 for the first week and $995 for each week after the first. This must be done at the same time.
Vincent.
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Some subjects are best left out of a public forum, especially when talking about other people, what they own and what they've gotten. There has been a lot of discussion on the FF YahooGroup about this and I would suggest folks be mindful and respectful not to screw up someone else's deal by talking tales out of school.
With that being said, i will speak up on my own account and specific to my ownership to say that I know for a fact that my two fixed weeks acquired via resale purchases will not qualify me for VIP at any level, if I ever choose to convert them. As has been mentioned by Jya-Ning and maybe others, FF is keeping track of such info in their computer system and they have accounts and specific ownership weeks flagged as resale.
Keep in mind, it is easy enough for them to figure it out, without us telling tales as if Mr & Mrs Smith bought at Kingsgate when it first was being built in say 1989 . . . and now Mr. & Mrs Jones owns it now, it doesn't take a rocket scientist to figure out that Jones acquired from Smith. They will eventually put it together and flag the account.
If you are expecting or wanting to get VIP with FF/Wyndham, you better plan on shelling out big bucks buying from them directly.
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Patti, that is the special rate if you are doing conversions at the same time as making a points purchase from them. Another enticement to get people to convert to points.
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Our cost was going to be $18,100 for an EOY two bedroom purchase and conversion would be $189 for each week we converted. I was pretty excited about it, but we had a few lies mixed into the deal, so what can you do?
Now the additional week we had in escrow, waiting for ROFR, that was promised by Peter Clark as having passed the process is not even ours, and it was going to be converted as soon as it closed, so it is a good thing we rescinded.
Now the additional week we had in escrow, waiting for ROFR, that was promised by Peter Clark as having passed the process is not even ours, and it was going to be converted as soon as it closed, so it is a good thing we rescinded.
I am sorry everyone they will not allow you to do an ARP exchange for your hawaii week with RCI anymore. It was not benefiting Wyndham so they stopped it.
I was just recently fired from Wyndham and worked in the corporate office and know everything there is to know about the program and all the changes that have happened and will happen. VIP owners are not going to be too happy good luck owning with them now....
When resale is bought it is flagged in the owner screen that the agent sees if really looking into the contract. At first glance they dont know its a resale. A lot of time sales reps who are trying to get a deal or if a person got them angry will call into research if the resale has not been coded right and have them change it so that the resale owner will not get the vip and resales can not be traded what so ever if you all didnt know that.