• The TUGBBS forums are completely free and open to the public and exist as the absolute best place for owners to get help and advice about their timeshares for more than 30 years!

    Join Tens of Thousands of other Owners just like you here to get any and all Timeshare questions answered 24 hours a day!
  • TUG started 30 years ago in October 1993 as a group of regular Timeshare owners just like you!

    Read about our 30th anniversary: Happy 30th Birthday TUG!
  • TUG has a YouTube Channel to produce weekly short informative videos on popular Timeshare topics!

    Free memberships for every 50 subscribers!

    Visit TUG on Youtube!
  • TUG has now saved timeshare owners more than $21,000,000 dollars just by finding us in time to rescind a new Timeshare purchase! A truly incredible milestone!

    Read more here: TUG saves owners more than $21 Million dollars
  • Sign up to get the TUG Newsletter for free!

    60,000+ subscribing owners! A weekly recap of the best Timeshare resort reviews and the most popular topics discussed by owners!
  • Our official "end my sales presentation early" T-shirts are available again! Also come with the option for a free membership extension with purchase to offset the cost!

    All T-shirt options here!
  • A few of the most common links here on the forums for newbies and guests!

Cancelling late-in-year reservation

Cornell

TUG Member
Joined
Oct 30, 2016
Messages
3,731
Reaction score
6,009
Points
448
Location
Chicago
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

TUG Review Crew: Expert
TUG Lifetime Member
Joined
May 20, 2006
Messages
48,420
Reaction score
19,874
Points
1,399
Location
NE Florida
Resorts Owned
Marriott Grande Vista
Marriott Harbour Lake
Sheraton Vistana Villages
Club Wyndham CWA
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.
 

blondietink

Guest
Joined
Jun 6, 2009
Messages
939
Reaction score
149
Points
203
Location
Usa
I believe you could also bank you week into Interval that late and have 2 more years to book something through Interval.
 

ocdb8r

TUG Member
Joined
Jan 10, 2008
Messages
1,561
Reaction score
789
Points
473
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

TUG Review Crew: Expert
TUG Lifetime Member
Joined
May 20, 2006
Messages
48,420
Reaction score
19,874
Points
1,399
Location
NE Florida
Resorts Owned
Marriott Grande Vista
Marriott Harbour Lake
Sheraton Vistana Villages
Club Wyndham CWA
@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.
 
Top