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Value of your Worldmark points.

Discussion in 'Worldmark The Club' started by talkamotta, Feb 3, 2019.

  1. talkamotta

    talkamotta TUG Review Crew: Expert TUG Member

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    Is there a difference in what you pay for maintenance fees per worldmark point? I know that more points would mean higher mfs. With Wyndham I found that different resorts charge different maintenance fees. How does it work with Worldmark? or is there no difference.....a point costs the same across the board?
     
  2. ronparise

    ronparise TUG Member

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    Worldmark does not operate under a “home resort” concept. You do not own real property deeded at a resort like most timeshares, including Wyndham

    Rather you are a member of a club that owns the properties. And your membership entitled you to the use of those properties

    So maintenance fees are assessed according to the same formula for all members

    As a side note. While of course the more “use” you own, the more you pay; the more you own the less you pay per credit. That’s because every account is assessed a certain base fee. No matter the size and then every credit is assessed the same maintenance fee
     
    ecwinch likes this.
  3. DaveNW

    DaveNW TUG Review Crew: Expert TUG Member

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    Since WM credits are the same across all owners, the fees you pay are based on how much you own. I thought higher credit accounts were discounted, compared to lower accounts? Am I mistaken? My 12K account cost for 2019 is about 8 cents per credit. Is that what everyone is paying?

    Dave
     
    Last edited: Feb 4, 2019
  4. ronparise

    ronparise TUG Member

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    I
    Its not really a discount

    Every owner pays the same per credit charge and the same per account charge

    It seems like a discount because of that account charge, it’s the same for a 6000 credit account and a 100,000 credit account
     
    DaveNW likes this.
  5. DaveNW

    DaveNW TUG Review Crew: Expert TUG Member

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    I edited my post to make more sense. Thanks for clarifying.

    Dave
     
  6. breezez

    breezez TUG Member

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    RCI Points 196K
    Hyatt Pinon Pointe
    Hyatt Coconut Plantation
    As your annual allotment credit amount goes higher MF per credit goes down slightly. Really small accounts get dinged the highest MF per credit. It’s also wise to make sure your account size is close to the end of that MF credit bracket. I originally had a 21K account but that had me just a few credits to the next bracket. I later added 6K to that account to drop my fees on the 6K account and put my new 27K account at almost the end of that credit bracket to get the most efficient MF.

    Below is MF chart for 2019: You can see 2018 cost and 2019 cost. I only posted amounts up to 135K size accounts.

    B96BE7B1-0A6C-4F49-B064-AA145FA66A73.jpeg
    Also if anyone is interested I do have a 12K WM account for sell on WMOwners under same user I’d as tug. Trying to par down my WM and Wyndham holdings to offset my added MF for two Hyatt’s I recently purchased.
     
  7. CanadaGuyEh

    CanadaGuyEh Guest

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    What is the column to the left - is that more charges on unused points or ? and you are selling some points?
     
  8. breezez

    breezez TUG Member

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    If your asking about Monthly impact fee. I have no idea what that is - they have never billed me for it on any accounts.
     
  9. DaveNW

    DaveNW TUG Review Crew: Expert TUG Member

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    I think the Monthly Impact fee is the difference between Last Year MF and This Year MF, divided by 12. Ergo, the "monthly impact" of the new MF.

    Dave
     
    rhonda and ecwinch like this.
  10. geist1223

    geist1223 Guest

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    Seaside Oregon Residence Club
    Diamond Resorts Intermnational Hawaiian Collection 50,000
    Royal Solaris San Jose del Cavo
    This is correct.
     
    DaveNW likes this.
  11. NotNew

    NotNew Guest

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    I found the credit charts to be more helpful when planning and trying to navigate the points. Not sure where else this is available, but this is the one I always use:

    https://www.sellingtimeshares.net/resorts/worldmark-by-wyndham/point-charts/

    This also shows you the relative value of points related to locations you might want to stay.
     
    Last edited: Apr 20, 2019
  12. rhonda

    rhonda TUG Review Crew: Veteran TUG Member

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    I see no value reading point charts from a 3rd party, which must be updated annually for changes, versus the official resort page for each property directly from the Worldmark website?? Link: http://www.worldmarktheclub.com/resorts
     
    DaveNW likes this.
  13. NotNew

    NotNew Guest

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    Its just all in one place rather than having to bounce around. Personal preference.

    This was simply for quick comparison shop. You dont have to select n scroll, scroll, scroll.
     

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