Better strategy: Credit Pool vs renting pts

[kcs1965]

Hello all,

Brand new member here and I apologize if this question has been asked already.

I'm considering a Bonnett Creek eBay resale of 166k points and based on my family size and vacation needs really need about 190k pts.

Would I be better off putting my 166k into the credit pool year one and in year two use my regular allotment and use the CP points for the difference or just rent the points? Also,Can this be done via ARP?


As I'm new, I'd rather not buy more points until I know more about what I'm doing. If there is a better way to do this, I will kindly take your suggestions.

Thank you

 

[Ty1on]

Hello all,

Brand new member here and I apologize if this question has been asked already.

I'm considering a Bonnett Creek eBay resale of 166k points and based on my family size and vacation needs really need about 190k pts.

Would I be better off putting my 166k into the credit pool year one and in year two use my regular allotment and use the CP points for the difference or just rent the points? Also,Can this be done via ARP?


As I'm new, I'd rather not buy more points until I know more about what I'm doing. If there is a better way to do this, I will kindly take your suggestions.

Thank you

You could also pick up a couple 28K to 33K UDI resales to get you over the hump. I don't know if Bonnet has contracts that small, which might get important if you go over holidays and need reservation priority. Renting points is about double what you would pay i extra maintenance fees. Also, you are under the minimum club fee points threshold. You would pay the same club fee until you exceed 233K points, so the additional 56K to 66K points would incrementally cost only the maintenance fee portion.

Other than that, it depends on your needs. If you don't need the points this year, and you won't need reservation priority, you can credit pool them and continually use the credit pool to roll the points forward, getting 4 straight years of reservations before you would need to skip a year again.

 

[am1]

Very small contract to buy. You may be better off renting until you are ready to buy a larger contract.

 

[markb53]

Hello all,

Brand new member here and I apologize if this question has been asked already.

I'm considering a Bonnett Creek eBay resale of 166k points and based on my family size and vacation needs really need about 190k pts.

Would I be better off putting my 166k into the credit pool year one and in year two use my regular allotment and use the CP points for the difference or just rent the points? Also,Can this be done via ARP?


As I'm new, I'd rather not buy more points until I know more about what I'm doing. If there is a better way to do this, I will kindly take your suggestions.

Thank you

You would need to put your points in the credit pool before the use year starts. So if the resale you are buying has 166k points available and it is a Jan - Dec use year, then it is to late to put this years points in the credit pool. They would have had to be credit pooled by Dec 31st. You would be able to credit pool next years points and use them this year. That way you would have 332k points to use this year. You cannot use credit pooled points for ARP. But if you are planning to go to someplace like Bonnet Creek, you don't usually need ARP unless you wanted a presidential unit or something. You mention renting points. You can rent points online but you have to be within 3 months of the checkin date you want. Those cost $8 per 1000 points. If you are making a reservation with the call center you can rent points to complete your reservation if you have enough points in your account to complete all but part of the last day of the reservation. That costs $10 per 1000.

I credit pool all my points most years.





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[Ty1on]

Very small contract to buy. You may be better off renting until you are ready to buy a larger contract.

This is great advice. I missed on the fact OP hasn't actually bought the 168K yet.

 

[ronparise]

I woud put everything into the pool. Its too late for 2016, but put all 2017 and 2018 into the pool, and next January put the 2019 into the pool

so given that 166k contract and assuming you use 190k this year, you will go into 2017 with 474000 points in the pool

use 190 in 2017 and pool the 2020 points in Jan 2018 and you go into 2108 with 450k points

and so on and so on

assuming 166 new points each year and using 190 each year you can take 6 or 7 years to decide whether to buy more and how many more to buy.

using the pool like this will cost you $39/year. You could (as you suggest) just borrow what you need from the next year, and it wont cost anything extra

It sounds like you have done a good job figuring out how many points you need.. instead of buying that Bonnet Creek contract, why not biy something at the 190 mark, or even better 231000. Thats an even multiple of 77000 and you get one reservation transaction per each 77k, and 231 is right at the point where you dont get zinged for the minimum program fee. And if you can buy what you want in one contract the closing costs and transfer fees will be cheaper than doing two purchases.

Thats my advice, buy what you need now in one transaction instead of piecing it together over time.

 

[kcs1965]

Great advice

Thanks Ron, et al,

This is all very helpful and makes me feel like I'm one he right tract. My goal for now is really around making a small initial investment to better assess how it will work for my family over time. We are comfortable about paying other discretionary incremental costs in the short term versus having a larger annual long term commitment which we may regret at some point(hopefully not).

With that said, what was the minimum program fee that you mentioned. I haven't found anything that explains it well.

Thanks again

 

[jaygould]

If you want to go to Bonnet Creek in 2016, you can "pull forward" your 2017 points for $39 using the points credit pool to get to your 190000 point goal. The remaining 2017 points are good for three years from the date you pull them forward.

 

[markb53]

With that said, what was the minimum program fee that you mentioned. I haven't found anything that explains it well.

Thanks again

The program fee with a resale purchase is:
$.55 per 1000 points or $128.00 per year which ever is greater. So if you own 166k points the program fee would be $128.00. If you bought 231k points, it would be the same $128.00. Once you get to 233k point the $.55 per k gets above the $128 point

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[Paramedicgirl]

You would need to put your points in the credit pool before the use year starts. So if the resale you are buying has 166k points available and it is a Jan - Dec use year, then it is to late to put this years points in the credit pool. They would have had to be credit pooled by Dec 31st. You would be able to credit pool next years points and use them this year. That way you would have 332k points to use this year. You cannot use credit pooled points for ARP. But if you are planning to go to someplace like Bonnet Creek, you don't usually need ARP unless you wanted a presidential unit or something. You mention renting points. You can rent points online but you have to be within 3 months of the checkin date you want. Those cost $8 per 1000 points. If you are making a reservation with the call center you can rent points to complete your reservation if you have enough points in your account to complete all but part of the last day of the reservation. That costs $10 per 1000.

I credit pool all my points most years.





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Sorry, not to hijack this discussion, but can I ask - what is ARP? Also I was told you can only credit pool your Wyndham points every second year. Is that not correct?

 

[jebloomquist]

Sorry, not to hijack this discussion, but can I ask - what is ARP? Also I was told you can only credit pool your Wyndham points every second year. Is that not correct?

To quote winnipiseogee before me: ARP - advanced reservation priority. It means that you have a window to make reservation before things get opened up to the unwashed masses. Typically it refers to the home resort at Wyndham. So if I owned at Wyndham Bonnet creek I could book a reservation 13 months prior to check-in. Regular Wyndham members are only allowed to book 10 months prior to check-in.

Each owner has ARP to the resort owned. In some cases, especially the case for CWA (Club Wyndham Access) ownership, ARP is available at several resorts.

No, to the second part. You can credit pool as often as you would like. Sometimes, I have done several credit pools in one year, when I have underestimated how many points that I would require from the next year.

Jim

 

[Ty1on]

The program fee with a resale purchase is:
$.55 per 1000 points or $128.00 per year which ever is greater. So if you own 166k points the program fee would be $128.00. If you bought 231k points, it would be the same $128.00. Once you get to 233k point the $.55 per k gets above the $128 point

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.55/know with a minimum of 128.

 

[Cheryl20772]

No, to the second part. You can credit pool as often as you would like. Sometimes, I have done several credit pools in one year, when I have underestimated how many points that I would require from the next year.

Jim

I hope to clarify:

VIP Gold and VIP Platinum retail points owners can deposit to credit pool during their use year, but other owners (like me) have to deposit before the use year begins.

I could do it more than once, but don't see why. I just put all of next years points into the pool and use them from there.

My strategy avoids having a few thousand odd points left over and lost at the end of the year.

That said, I also, anytime during this year, can credit pool any following year points that show up in advance in my account. I can do that if I don't have enough existing points current or already credit pooled in my account for a new reservation. In fact I did credit pool and use some 2017 points in 2015 when reserving a summer week for the grand kids to use in July 2016.