I have a situation in which I have a week reservation in Hawaii (7 nights) made with MVC Destination points. If I cancel that reservation, I will be stuck with points that will expire relatively soon. Can I deposit that week into Interval? Or are the deposits into Interval restricted to the weeks owners?
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Deposit week made with destination points
- Thread starter Cewood
- Start date
Pamplemousse
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You can’t deposit a points reservation into II. Only ownership weeks can be deposited into II.
Have a look at MVC for its updated covid 19 cancellation policy.
If your reservation is less than 60 days ahead the holding account expiration has been extended to 12/31/21 with 120 day advance booking.
If you are more than 60 days from check in there are several other options depending on your situation.
Steve Fatula
TUG Member
What does relatively soon mean? Are you within 60 days of checkin or not? It may not be as soon as you think.
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A large fraction of the points used for this reservation are banked points from the previous year. The rest are current year points. The end of year is the end of August for all of these points. What i am now thinking is that it is probably more beneficial to cancel within the 60 day window so that these points get extended to the end of 2021. That would be detrimental for the non-banked points (which could still be banked into 2021), but would "save" usage for the currently banked points. No way can I use them otherwise (with them expiring at the end of August).
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Marriott's Grande Ocean (Enrolled)
MVC Trust Points
Provided that you are still in the banking window for the current year points, I would cancel now, bank the current year points so they remain unrestricted and not in a holding account, make another ressie for 60 days or less out with last years banked points, then cancel it, which will put those points into the 120 day extended holding account.
All that said, are you sure you still can bank your current year points based on your ownership level and banking deadlines??
Steve Fatula
TUG Member
The other option Pamplemousse and I were discussing yesterday as he had some experience with it, if you find the 120 day restriction too burdensome, is to have MVCI make a deposit into II created from the points expiring end of this use year that you cannot bank. This will give you one or more trades depending on how many points that is and allow an additional 2 years to do so. Just can't be used to trade into Marriott. Assuming you like II. The chart of points costs is on mvci.com, under Use Points -> Interval International
That's an option I will likely be using myself as I trade in II a lot. So, you can deposit into Interval based on the points chart once you cancel outside of 60 days, you definitely need to do that first so your bankable points do not go into holding account as fasttr says.
That's an option I will likely be using myself as I trade in II a lot. So, you can deposit into Interval based on the points chart once you cancel outside of 60 days, you definitely need to do that first so your bankable points do not go into holding account as fasttr says.
This looks attractive to me, but I don't see anywhere that Interval will take deposits of points. From what I see on the website, it looks like the exchange using points is like a "request first". It is frustrating that MVC and Interval are so unclear in their websites!
Steve Fatula
TUG Member
You must have missed where I wrote this:
"The chart of points costs is on mvci.com, under Use Points -> Interval International"
You can see how many points are needed, and then trade that deposited unit at a later time. For me, I'd likely pick studios, high TDI. Generally, I have been always able to exchange my studios to larger units, usually 1 or 2BR. If you need a 3BR, then you might take a larger unit or if points just turn out that way to use them all. Once you decide how many points you have, and which deposit(s) you might want, call Marriott (not II) owner services and tell them what you want and they will deposit the week(s) into your II account to trade.
You definitely do NOT deposit points. Marriott deposits weeks for you to trade just as if you had deposited an equivalent week from your own ownership. The limitation is you cannot exchange into a MVCI property, only non MVCI.