Annual MF Payment Options

[Bmoe]

Hoping this is a simple question. But for the HGVC Maintenance fees how flexible is Hilton with allowing you to split that payment up into monthly payments?

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[SmithOp]

There is only the annual option to pay in Jan, but you can certainly put aside a monthly amount yourself to pay with.

I wait until the end of the grace period then use a credit card to geta small float in paying it off.


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[Bmoe]

There is only the annual option to pay in Jan, but you can certainly put aside a monthly amount yourself to pay with.

I wait until the end of the grace period then use a credit card to geta small float in paying it off.


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Ok do they accept PayPal? And how long is the grace period?

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[brp]

I think he grace period may vary by property, but both W. 57th and Flamingo have a 2/15 "must be paid by to avoid being late" date.

Cheers.

 

[SmithOp]

Ok do they accept PayPal? And how long is the grace period?

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45 days grace, so Feb 15th.

I don’t see a Paypal option unless you have a PP credit card number to use.


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[hurnik]

Ok do they accept PayPal? And how long is the grace period?

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AFAIK, the online system (or the mailed form) only take Visa, MC, Amex, Discover directly (no PayPal).

The grace period varies depending on where you own. All of mine in Vegas (3 Blvd and 1 Flamingo) I *believe* (I'll have to double-check the paper bill) is 45 days (they're due Jan 1st, so 45 days from that date)

I don't know about my Affiliate (seawatch on the beach) yet.

 

[hurnik]

There is only the annual option to pay in Jan, but you can certainly put aside a monthly amount yourself to pay with.

I wait until the end of the grace period then use a credit card to geta small float in paying it off.


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Yes, very good idea. Divide your MF by 12 and build your budget on that.
I have a "vacation club" with my local bank that takes out 48 weekly increments of whatever you tell them, into a special savings account that you can't normally touch and then they deposit the lump sum into your checking account. I use that for my MF.

Or you can get a high-yield savings account from Discover/Amex and just have weekly/monthly transfers from your checking into there. I do that for my property/school taxes since I don't have (fortunately) escrow.

 

[SmithOp]

I should also point out that you always want to be in a position of using “borrowed” points, that way you are taking your vacations before paying for them.

I leave this Sunday for Hawaii, 12 days using 2020 points. In Feb I will be paying for it, then booking next years trip using 2021 points.


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[brp]

I should also point out that you always want to be in a position of using “borrowed” points, that way you are taking your vacations before paying for them.

Even more important than going before you pay (to me, anyway) is that borrowing is free while saving costs.

(As a complete aside, BA Holidays allows a deposit and then balance paid 45 days from travel, with a 1 week grace. On an upcoming trip, while I will charge to my CC prior to travel, we will actually have completed the trip before I have to pay off that bill )

Cheers.

 

[Talent312]

If you put it on a CC, but can't pay it in full...
Am-Ex & Citi-Bank have a flexible CC payment plan for big-ticket items.
I used it once with my Am-Ex when they had a -0- interest rate promo.

Citi-Bank says:
"You’re eligible for a Citi® Flex Loan on your Citi® Double Cash Card. Respond
by Nov 25, 2019 to take advantage of a 7.99% fixed APR for up to 60 months."
.

 

[CalGalTraveler]

We used the AMEX 0 promo last year, however it got confusing as to what was paid and owed because it was comingled with other bills.

We like openning new Chase Ink Cards (unlimited, cash, preferred) for a rental because you get the first year with zero interest. Works well when we have to pay bills up-front and then can pay down balance later in the year as vacation rental receipts come in during high season.