learned something new today about staroptions

[trader14]

longtime lurker and occasional poster!
I actually learned something new today that most of you likely know about using staroptions online. when you book online using staroptions you can decide what bucket the options are coming out of (banked or current weeks). It defaults to pulling them from current weeks but there is a "more" option that you can click and use your banked options if you like.

I struggled with what to do re a upcoming reservation and my first thought was to pull it from banked options but then decided the banked have more value than current options

 

[byeloe]

longtime lurker and occasional poster!
I actually learned something new today that most of you likely know about using staroptions online. when you book online using staroptions you can decide what bucket the options are coming out of (banked or current weeks). It defaults to pulling them from current weeks but there is a "more" option that you can click and use your banked options if you like.

I struggled with what to do re a upcoming reservation and my first thought was to pull it from banked options but then decided the banked have more value than current options

if your banked are still good for 2 years, then it makes sense to use the current options to avoid another banking fee, should you have leftovers

 

[Anne&Jim]

if your banked are still good for 2 years, then it makes sense to use the current options to avoid another banking fee, should you have leftovers

But if you have an annual VOI, you will have to use the banked options next year, and if you can’t use your current year’s options you’ll need to bank those instead. All things being equal, unless I know I’m going to need more options in one year vs another year, I try to use my banked options first so I don’t get into a desperate “use them or lose them” situation.

I like to use banked options to do something additional, like to extend a reservation or get a better view. If you borrow options from a full week, you can’t convert to points (not that you’d want to because it’s a rotten deal) but it might be better than nothing.


Sent from my iPhone using Tapatalk

 

[okwiater]

if your banked are still good for 2 years, then it makes sense to use the current options to avoid another banking fee, should you have leftovers

If you’re 5-star elite, it always makes sense to use banked options first since you can bank your current year VOIs for free.

 

[bobpark56]

I was told that EOY owners can bank or borrow only from years that are 2 steps away. So if you have an odd year, it's odd years only for you. And even gets you even years.

 

[controller1]

I was told that EOY owners can bank or borrow only from years that are 2 steps away. So if you have an odd year, it's odd years only for you. And even gets you even years.

That's correct because an owner may only borrow from a use year into a use year, therefore an odd number EOY owner could borrow 2021 into 2019 but not into 2020.

 

[Lanswitch]

You’d have yo pay both next year’s and the following year’s Maintenance Fees though first if you want to borrow those Staroptions into your account don’t you?

 

[dioxide45]

I was told that EOY owners can bank or borrow only from years that are 2 steps away. So if you have an odd year, it's odd years only for you. And even gets you even years.

Banked points are always good for the next two years. They aren't restricted to the use year. However, as previously indicated, points can only be borrowed in to a use year. SO if you want to borrow 2022 for a 2020 reservation, you would need to pay the 2021 and 2022 MFs.

 

[YYJMSP]

Banked points are always good for the next two years. They aren't restricted to the use year. However, as previously indicated, points can only be borrowed in to a use year. SO if you want to borrow 2022 for a 2020 reservation, you would need to pay the 2021 and 2022 MFs.

Another thing to remember is that you can only borrow as many SOs as are needed to make a specific reservation. If you later cancel the reservation, the borrowed SOs go back to their original year -- you cannot bank the borrowed SOs to get use in the opposite odd/even year from the one you borrowed from