Cancelling late-in-year reservation

[Cornell]

Ok, I'll admit it, I'm not a sophisticated owner , so bear with me on my question...

What happens with my SOs if I cancel a late in the year reservation (e.g. Nov, Dec) after July 1 (the date for banking cutoff)?

 

[dioxide45]

Your StarOptions will expire. This is why we always try to either reserve early year reservations with our current use year SOs and everything else with banked SOs. Try not to use anything that will expire at the end of the year after the banking deadline.

 

[Cornell]

@dioxide45 - Thank you so much! Exactly the info I needed.

 

[blondietink]

I believe you could also bank you week into Interval that late and have 2 more years to book something through Interval.

 

[ocdb8r]

Your StarOptions will expire. This is why we always try to either reserve early year reservations with our current use year SOs and everything else with banked SOs. Try not to use anything that will expire at the end of the year after the banking deadline.

@dioxide45 - is this the case even if you've opted to bank and paid the fee before the deadline? I thought it would pick up any SOs that were later freed up due to cancellations.

 

[dioxide45]

@dioxide45 - is this the case even if you've opted to bank and paid the fee before the deadline? I thought it would pick up any SOs that were later freed up due to cancellations.

If you have banked StarOptions, they will expire on the based on the use year (expire December of two years following use year). Here is an example of what the OP was asking.

One has 81,000 current use year options and uses 37,000 to make a December 2020 reservation and then banks the other 44,000 before the July 1, 2020 deadline. The 44,000 StarOptions now have a expiration date of December 2022. However, if one then cancels that December reservation after the July 1 banking deadline they would be stuck with 37,000 StarOptions that would expire December 2020. Cancelling that reservation doesn't push those StarOptions out with the ones that were previously banked.

 

[Cornell]

@dioxide45 I can’t thank you enough. So helpful to me