Converting Points and / or Bonus Points to cover maintenance fees

[SkyBornDancer]

Hi all, I was at a sales presentation, and they mentioned something I've never heard of before.

They would offer extra bonus points, (which I've seen before) and they claimed the points could be used for paying maintenance fees. Therefore "are a sort of cash discount"

Anyone heard of this and used the points this way? How does it work? I tried searching the FAQ and couldn't find it.

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P.S. I was negotiating the price just to learn and practice my say no boundaries and sales skills. I was ultimately offered to "trade in" my resale Trump Las vegas 1B+ (14,440) to a 1B Oceanfront [correction: Ocean View, no oceanfront options here] Premier Grand Waikikian (20160) for 53,347 + 1585 closing costs with 80,000 bonus points

 

[GT75]

Anyone heard of this and used the points this way?

Yes but IMO a terrible deal to use your bonus points for. They will give you 6.25 cents/point. You can not use regular points to pay MFs.

53,347

New money?

 

[SkyBornDancer]

Yes but IMO a terrible deal to use your bonus points for. They will give you 6.25 cents/point. You can not use regular points to pay MFs.


New money?

Correct new money plus giving over my Trump 1B+ for the Waikikian 1B Premier. I did not accept the sale. I do not accept timeshare directly. I assume the terms are not good value

 

[ernststarhemberg]

Correct - Bonus points can be used to pay for MFs, but not regular club points. Bonus points can be converted to pay for MFs right on the HGV Club website, it's easy to do. But as others have said it's not an efficient use of points.

Bonus points expire two years from the date they are issued.

80k bonus points is about as good as it gets in terms of retail offers. Depending on what tier it puts you in, the 1:32 HHonors conversion on these is 2,560,000 HHonors points. Stays averaging, say, 50k HHonors points per night, that's 51 stays in Hilton properties. The HHonors conversion stretches further after considering that paying for Hilton stays with HHonors points foregoes taxes and resort fees. So assuming an average of $200/night at Hilton properties (incl. taxes/resort fees), that's a $10,200 value in Hilton hotel stays.

Anything below the 1:32 conversion rate makes the HHonors conversion a lot less appealing imo.

Some folks are 100% anti-retail buy no matter what. Others think retail can be permissible with the right tiers and incentives, if you plan on using the features that are offered. At the end of the day, like anything else, you have to determine what it's worth to you. The deed you're looking at appears to be a bHC platinum deed, which are rare in the wild right now, so resale comps for this deed will be harder to come by.

If you are being offered a bHC deed, I found in reading the bHC Club paperwork (different from HGVC club rules), one notable difference in the wording of the rules re: renting of your timeshare is that the bHC rules (for now) seem to be more liberal on what constitutes 'renting' the unit. HGVC club rules are explicit that only the home week can be rented out, while bHC club rules state that activity deemed to be habitual commercial use is deemed 'renting' the unit. To wit, the regs are looser and there appear to be (based on my reading alone!) more opportunities to periodically rent the unit out to help pay for MFs than there are with HGVC deeds.

 

[frank808]

Grand Waikikian is not a bHC deed. Though I did not know that there were Grand Waikikian oceanfront units.

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[SkyBornDancer]

Grand Waikikian is not a bHC deed. Though I did not know that there were Grand Waikikian oceanfront units.

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Correct! Grand Waikikian is not bHC

And correct. It was an ocean view. 1 bedroom Premier. I mis-understood. GW does not have oceanfront category. Shown in the thread below

https://tugbbs.com/forums/threads/h...liated-information.254931/page-2#post-1998015