Need advice on merging points

[smurfyblue]

I have 2 bi-annual time share with wyndahm. One is 175k points with Bonnie Creek the other 126K with at Myrtle Beach.

I want to have just one contact with all my points at one place. I suppose this is just an organization issue (bills, deeds annual reports from two locations with my tiny amount of points is a bit of a drag) also because of the way my contracts are, I get just one free reservation allowance even though with my cumulative points I should get two.

What I would like /prefer is 308k biannual points at Bonnie Creek. I have tried to pitch it to a developer at one of those presentation meetings but the resolution offered is just insane!

Any advice on how to get this done? I don’t have any VIP or anything special so I was wondering if I should sell myrtle Beach and buy bonnie creek in the resale market and add to my existing Bonnie creek points. But will that still be treated as two separate contracts?

Is this much ado over nothing?

Thanks in advance.

 

[jjmanthei05]

Unless you need the ARP at BC I think this is going to give you more headaches than it's worth. If you still want to do it, i would look for a contract on ebay and then sell/give away your current ones.

Jason

 

[smurfyblue]

I picked Bonnet C because looking at my statements its total fees /point is less than Myrtle Beach. But reading thru other posts, it looks like perhaps i should sell both and get a new contract at a cheaper place. i actually have never been to either and the most planning for vacation that i can afford to do is 3 months in advance. I am not a plan 10 months ahead type of person.

The issue now is how to determine where is cheaper. One place i have been to more than once is Desert Sands(?) in Vegas. Will that be a better buy for me? Is there a resorce where i can fine a list of fees .points per resort? or that would be too easy?

 

[uscav8r]

Are your current contracts developer-purchased or resale?

It would be easier to find another EOY BC contract that matches your current BC use year and maybe will combine that with your current BC contract. Then get rid of Myrtle Beach.

Right now it sounds like the two contracts are under different membership numbers. Have you asked Wyndham how to get the contracts under the same member number?

 

[uscav8r]

BC fees aren't the lowest, but they are lower than average. I use Club Wynham Access A's the rough "average" and that are about $5.56/1000 points, while BC is about $5.14/1000 points (this is where I own). Some others that are lower are Bali Hai, National Harbor, etc. With your smaller EOY contracts, it may not be cost effective to pay the extra transfer and other fees to lower your MF by less than $0.50/1000 points, though.

 

[smurfyblue]

Yes both are developer purchase. (i have shed my tears of sorrow at the cost, although before the purchase i really wont know how to navigate the world of time share, & i enjoyed the bonuses, so not total regret)

re two contracts are under different membership

I think I got that fixed last year, so i got 1 assessment bill with 2 contact numbers.

 

[smurfyblue]

BC fees aren't the lowest, but they are lower than average. I use Club Wynham Access A's the rough "average" and that are about $5.56/1000 points, while BC is about $5.14/1000 points (this is where I own). Some others that are lower are Bali Hai, National Harbor, etc. With your smaller EOY contracts, it may not be cost effective to pay the extra transfer and other fees to lower your MF by less than $0.50/1000 points, though.

Hmmm. Thanks, i am thinking so too. Also i am upset about paying $30 to make my second reservation in my use year , but lord knows wynhdham can take that option away at any time or raise it above the 77k requirement.

Maybe I will start using the credits pool and just book 1 vacation a year. According to the last sale pitch i attended i get 1 reservation transaction allowance a year. Even though i don't have any point to use in the even year.

 

[uscav8r]

Are they in different use years (ie one is even, the other odd)?

Yes both are developer purchase. (i have shed my tears of sorrow at the cost, although before the purchase i really wont know how to navigate the world of time share, & i enjoyed the bonuses, so not total regret)

re two contracts are under different membership

I think I got that fixed last year, so i got 1 assessment bill with 2 contact numbers.

 

[vacationhopeful]

Buy resale points and JUST add them into your member ID. You get RTs and HKs with resale.

Or just deposit all the points you currently own into RCI and either exchange back into Wyndham. Most of my 1bdrs run 66 or 77K of Wyndham points for an exchange plue the $199 exchange fee.

You would get 4 weeks for another $800 in fees - or get larger units or multiple units per week (big get togethers).

PS. That $800 in fees would be about another week's stay in MFs.

 

[smurfyblue]

Are they in different use years (ie one is even, the other odd)?

No they are both odd. I get 301k point every odd year and even though it says it the owners book that I get 1 RT for every 77k points, the service rep on the phone said i only get 1 point a year. One of those hiding bullshit of ownership. I specifically asked for odd year on the second contract because the sales guy said my total 301k point will be treated as one hence i would get VIP & all it perkes every other year. All turned out to be untrue.

 

[massvacationer]

I think the purchase price and transaction fees (closing company & transfer fees) of selling what you own and buying new contracts will eat-up any potential savings in maintenance fees and reservation fees. So, it will take many years to recoup the costs of changing-out your contracts.

You are probably better off keeping what you have. You have 150,500 annual points. So, you are 3,500 short of getting the second transaction credit (and these are only $30 for each additional one). If you really need more points, just add an additional resale contract to your account.

 

[smurfyblue]

Buy resale points and JUST add them into your member ID. You get RTs and HKs with resale.

Or just deposit all the points you currently own into RCI and either exchange back into Wyndham. Most of my 1bdrs run 66 or 77K of Wyndham points for an exchange plue the $199 exchange fee.

You would get 4 weeks for another $800 in fees - or get larger units or multiple units per week (big get togethers).

PS. That $800 in fees would be about another week's stay in MFs.

I did the RCI thing 2-3 year ago, not sure i like that. did not really like the resorts i went to and did not like paying $199 for each transaction. And when i went to dominican republic and wanted to use RCI, I found out i was better off paying cash for an all inclusive resort.

i would guess that you didn't notice that one of my motivation for considering this new buy/sell option is the $30 fee that i have to pay if i want make another reservation in my use year.

 

[massvacationer]

i would guess that you didn't notice that one of my motivation for considering this new buy/sell option is the $30 fee that i have to pay if i want make another reservation in my use year.

You can make multiple reservations, on the same day, and you will only use one reservation transaction credit.

 

[smurfyblue]

I think the purchase price and transaction fees (closing company & transfer fees) of selling what you own and buying new contracts will eat-up any potential savings in maintenance fees and reservation fees. So, it will take many years to recoup the costs of changing-out your contracts.

You are probably better off keeping what you have. You have 150,500 annual points. So, you are 3,500 short of getting the second transaction credit (and these are only $30 for each additional one). If you really need more points, just add an additional resale contract to your account.

Thanks. So the problem is the 3500 that i am short of each year. hmmm. I think I will just shop for a third contract like you suggested.

There really isn't any particular benefit to having all points on 1 contract, right? So except for the irritation of having multiple line items and getting letters from 3 different boards about fees and voting, moving to 1 property wont really make a big difference.

 

[smurfyblue]

You can make multiple reservations, on the same day, and you will only use one reservation transaction credit.

Had been doing that, planned & reserved all trips at once, that was easy when i was single, but not so easy now that there is a hubby in the picture.

 

[vacationhopeful]

I use my Wyndham points are some VERY NICE RESORTS - mostly booking back into Bonnet Creek, Ocean Walk, Ocean Palms, etc. And some other nice enough places.

 

[smurfyblue]

@ vacationhopeful, you bank your points in RCI to use on wyndham? does that pay off? are you considering your total cost? why not used credit pool?

 

[Sloane S]

No they are both odd. I get 301k point every odd year and even though it says it the owners book that I get 1 RT for every 77k points, the service rep on the phone said i only get 1 point a year. One of those hiding bullshit of ownership. I specifically asked for odd year on the second contract because the sales guy said my total 301k point will be treated as one hence i would get VIP & all it perkes every other year. All turned out to be untrue.

There's something wrong there. You should be getting 4 RTs per year.

 

[smurfyblue]

After reading more (so much info on this site! thanks all!) im now shopping for one of : National Harbor, Grand Desert or Bali Hai.

I will actually use National Harbor, Grand Desert, I want to keep it at biannual 154k or less. Not much out there, will stay shopping.

Thanks all, you have been a great help.other comments still welcome, i think i will be shopping till thru the holidays, looks like thats the best time to buy.

 

[massvacationer]

There's something wrong there. You should be getting 4 RTs per year.

No.......smurf owns 301000 divided by 2 = 150,500 annual points.

So Smurf is 3,500 points light from getting; 2 RTs.....

 

[CO skier]

No.......smurf owns 301000 divided by 2 = 150,500 annual points.

So Smurf is 3,500 points light from getting; 2 RTs.....

(For anyone interested), this was discussed in a little more detail in this thread:

http://www.tugbbs.com/forums/showthread.php?t=190185

It seems strange that the Reservation Transactions are not all awarded in the (EOY) Use Year versus being calculated on an average over 2 years and awarded for each calendar year (for EOY contracts). Perhaps it is to account for Credit Pool usage. The 2-year average calculation is a disadvantage for EOY owners who vacation only EOY, but it can be an advantage for EOY owners who credit pool points and vacation every year.

It does bring up an interesting question, though. When the accounts were separate, did the OP get at total of 2 RTs per calendar year (one for each EOY contract)?

 

[Sloane S]

No.......smurf owns 301000 divided by 2 = 150,500 annual points.

So Smurf is 3,500 points light from getting; 2 RTs.....

Sorry, I meant 4 per UY (but obviously my math-in-my-head was a little off). I didn't realize EOY contracts were different like that.

 

[CO skier]

After reading more (so much info on this site! thanks all!) im now shopping for one of : National Harbor, Grand Desert or Bali Hai.

1) Adding up the purchase price plus closing costs and transfer fee for an additional contract, this seems like a lot of money to spend for a few extra points to receive an additional Reservation Transaction per year.

2) After spending all this money, aren't you just compounding the headache of multiple resorts for which you were seeking a solution in your original posting?

3) Is there a reason to focus on only EOY contracts?


If you are going to go to the expense of acquiring another contract, don't forget to consider your eventual exit strategy. Acquiring another contract will mean you will have to eventually sell 3 contracts.

Here is an idea that won't cost you any more money than what you are considering spending, it will solve your multi-resort headache, and it will give you 2 RTs per year:

Buy a 154k every year contract at the resort of your choice (a recent EBay Grand Desert 154k sold for $172.50 + $0 closing +$299 transfer fee) -- the purchase price will not be much different from an EOY, and the closing costs plus transfer fee will be the same. Then sell your current 175k and 126k contracts. (You could purchase a 308K EOY contract and achieve the same thing, but 154k every year contracts are much, much easier to find and much easier to sell when the time comes). If you need 308k points for some years, just use the credit pool.

Either way, you purchased and (eventually) sold 3 contracts. Selling the 175k and 126k contracts is something that will eventually be done, so why not do it now and solve your headache? (and save a little on Maintenance Fees all the future years that you have only a single contract at one resort).

 

[smurfyblue]

1) I agree. was still thinking things over, have decided not to got this route

2) yep

3) I like EOY, I pay the same amount if I am getting 154k every year or if I am getting 308k every other year, however now that I have figured out that I can benefit from using the credit pool, 308 k every other year sounds even better. With 154 k I may have to pay $39 every year to move my points to the credit pool and that will be $78 for 308k, but with the EOY I get that 308k in one chunk & get to pool it with one payment of $39.

but I have settled now, I will be shopping for something like 308k to 350k every other year and then will get rid of my current points after I close.

 

[smurfyblue]

Btw reselling is not an issue for me. I intend to keep it, pass it on to a niece, it will be hers to sell. I like having this as a vacation option. However, I have paid my dues with my developer purchases, I would keep my current one if i cant find a good deal that I will basically end up recouping the expense if I sell my current points.