Thanks again for sharing
Sure, haven't quite figured the "multi-quote" to break up the questions, so bear with my clumsy reply.
See this post -
http://www.tugbbs.com/forums/showthread.php?t=36772&highlight=tags
Honestly, we haven’t done that yet, and I can’t recall exactly, but I think a RC core property exchange runs about $240 – 250.
Thanks for the info.
Yes, there is an annual membership fee. We were given a complimentary 2yr membership. However, they have implemented a multi-year membership renewal, discounted off the annual price of course.
A complimentary 2yr membership would be nice but I'm assuming only member resorts receive the complimentary 2 yr membership.
I found the following on their website:
Q: Can members of The Registry Collection program renew their memberships for more than one year at a time?
A: Yes! In response to numerous member requests, The Registry Collection program now offers multi-year renewal packages (effective February 2, 2009). Members now have the opportunity to select a renewal option best fitting their needs — while enjoying great savings with the multi-year packages.
• 1-year renewals: US$250
• 2-year renewals: US$400 (members save $100!)
• 3-year renewals: US$550 (members save $200!)
Q: What happens if a member of The Registry Collection program has credits from a 2007 deposit that cannot be used by their standard expiration date (12/31/09)?
A: The Registry Collection program gladly announces a new member benefit: Credit Extension Purchases. Designed to extend the eligibility of soon-to-expire Collection credits, all extensions add one full year of eligibility and costs are based upon the number of credits the member wishes to extend.
• 1-200 credits extended: US$75
• 201-2700 credits extended: US$250
• 2701 or more credits extended: US$325
The Registry Collection Membership fee still seems pretty high when you compare it to RCI Weeks & Points Membership Fee.
RCI Weeks Membership Fee
1 year = $89 USD
2 years = $159 USD
3 years = $229 USD
4 years = $289 USD
5 years = $349 USD
RCI Points Membership Fee
1 year = $124 USD
2 years = $229 USD
3 years = $319.02 USD
4 years = $409 USD
5 years = $499 USD
At least for us, yes, you need to have a deposit on account prior to making an exchange. However, there are no charges until an exchange is confirmed. Searching is free. Also, depending on what you’re looking for, you could probably get something (non-exchange) without having a deposit. Like a discounted hotel or something like that.
Thanks for the info.
How it was explained to me is that when you deposit your week (or split), you are assigned the corresponding point value for that time (red, blue, white, whatever) and unit size. Ex: 2bd spilt into a studio and 1bd would be 2pts & 4pts, respectively. These point values then apply when exchanging against a RC collection property. However, if applied toward a regular RCI property, then it is a one to one (week to week) exchange. The lower point (studio) week has the same trade value against the RCI property week as the higher point (1bd). As far as they’re concerned, a week is a week is a week. Pretty cool, huh? It appears that sometimes, membership does have its privileges.
Again, this is how it was explained to me and I have actually exchanged in that way. Split and deposited a 2db week, used the studio last year for a 1bd in Sandestin and then exchanged the 1db for a 2bd, again in Sandestin (for us it’s a drivable early summer vacation).
Thanks for the detailed info. This was very helpful.
One other difference in your deposits is that you only have 2 years from the month/year of the deposit to use them. Still works for us though.
I'm confused about the deposit/credit life.
Is it based on a calendar year? For example, if someone made a deposit in May 2009 for a week in April 2010, are the credits only good for exhange stays from Jan 1, 2010 to Dec 31, 2012?
Here's what I found on their website.
From the glossary -
http://www.theregistrycollection.com/how_to_exchange/glossary/
Credit Life - The period of time during which a deposited interval is valid for an exchange. The period extends from January 1 of the year of the registered interval until December 31 of the following calendar year.
From The Registry Insider newsletter -
http://www.theregistrycollection.com/the_registry_insider/first_quarter_2009/first_quarter_2009_qa/
Q: How long are my credits available for use?
A: You may deposit your interval as early as one year prior to the start-date of the interval. The credits are placed in your account and are immediately available for use, pending verification of the deposit. Credits remain on the account for use through December 31st two years after the year of your deposited week’s start-date.
Thanks for your help