[2020] Banking Deadline for Destination Club Points - Reminder

[NJDave]

The deadline for banking 2020 points for Owners and Select level is approaching. The deadline is June 30th.

I often forget what the deadline is, so I thought I would post a reminder for others. I am not as focused on vacation planning right now and almost forgot myself.

From MVCI site:

You may bank all or some of your Vacation Club Points to use during the following Use Year. But keep in mind that the deadline for banking Vacation Club Points depends on your benefit level. Owners and Select benefit level owners must bank by 6 months prior to the end of the current Use Year. Executive, Presidential, and Chairman's Club benefit level Owners must bank by 4 months prior to the end of the current Use Year. Once banked, Points may not be borrowed, banked again, or transferred.

 

[Fasttr]

Good reminder. Thanks.

 

[TravelTime]

I am Presidential level but have banked all my points for the next 2 years or so. It makes it easier for me to plan if I can look ahead to the new deadlines. There will be no travel for us in 2020 and not sure what is happening for 2021. I have some banked DPs to use by July 2, 2021. I hope we can travel in the new year. We are thinking of going to Hawaii in 2021 and hope it opens soon so we can be reassured they are ending the 14 day quarantine.

 

[SueDonJ]

Thanks! Good reminder for DC Points that have a Jan1-Dec31 Use Year, which includes all DC Exchange Points from enrolled Weeks and may include purchased DC Trust Points.

From this forum's DC Points FAQ:

Banking - Points may be banked from their original Use Year to a usage period immediately following; the usage period and election deadlines are based on status:

• Owners and Select Members may bank Points to the next Use Year; the election deadline is six months prior to the end of the original Use Year
• Executive Members may bank Points to the next Use Year; the election deadline is four months prior to the end of the original Use Year
• Presidential Members may bank Points to the next 18-months usage period; the election deadline is four months prior to the end of the original Use Year
• Chairman's Club Members may bank Points to the next 24-months usage period; the election deadline is four months prior to the end of the original Use Year.

Once banked, such Points cannot be further banked, transferred, or borrowed back into their original Use Year. Banked Points will expire if they are not used prior to the end of the usage period to which they were banked.

 

[NJDave]

Just a reminider. The deadline for banking 2021 points for Owner and Select Members is approaching.