Sandy,
I think I understand HGVC a lot more than a few days ago from all members help and particularly yours. I think I understand the basic about exchanging inside HGVC system, all the points etc...
Now, since inside HGVC, points are points, RCI is something else I guess.
I understand that Hilton has set specific points for RCI requirements and because I own a HGVC, I have access to Everything on RCI. Now, within Hilton exchange, desirability of a resort is not very important as points are points and you get to book what's available ( it is not really exchanging) , on a first come first serve basis.
My concern now about RCI, I guess someone has to deposit their week in order for me to ''exchange'' with them. So I if I am not wrong, desirability of my resort is now really important on RCI, not only points... am I right ?
Bo
I think I understand HGVC a lot more than a few days ago from all members help and particularly yours. I think I understand the basic about exchanging inside HGVC system, all the points etc...
Now, since inside HGVC, points are points, RCI is something else I guess.
I understand that Hilton has set specific points for RCI requirements and because I own a HGVC, I have access to Everything on RCI. Now, within Hilton exchange, desirability of a resort is not very important as points are points and you get to book what's available ( it is not really exchanging) , on a first come first serve basis.
My concern now about RCI, I guess someone has to deposit their week in order for me to ''exchange'' with them. So I if I am not wrong, desirability of my resort is now really important on RCI, not only points... am I right ?
Bo
Yes that is correct in your understanding of your scenario. You could rescue and borrow points and use them in the same transactions. Actually the HGVC site automatically uses rescue points first, then regular points, then borrows points. It is smart enough to do that. Oh do note that you will have to pay to rescue $76 and you will also have to pay for a reservation $49.
Just note you must rescue before the points expire at the end of the use year.
You pay your MFs at the end of the year for the next year. For all HGVC specific built resorts you can borrow from next year without having to prepay your MFs, provided you are in good standing (all your MFs are current and paid). I own at an affiliate (Bay Club) that forces you to pay an estimate of your next year MFs first, then they make the points available for you and then you can borrow. So for most resorts, you pay your MFs on a schedule, regardless on when you use the underlying points (with some resort exceptions).
No HGVC had no mechanism to rent any additional points in a single year. (Wyndham for example does offer this option, but HGVC does not). The only way to do this is to purchase more point contracts.
Correct, as soon as you borrow you give up your home priority option.
I think you are getting there. Did you read the new HGVC reference materials that just got upgraded?