- Joined
- Jun 6, 2005
- Messages
- 9,857
- Reaction score
- 4,241
- Points
- 648
- Location
- Houston, TX
- Resorts Owned
- Wynd VIP Plat GF, HGVC Elite, WM, HICV, +
I have a very small ownership in Holiday Inn Club Vacations (HICV). My main ownership is in Wyndham and Hilton.
I also have a few other week only resorts that I have yet to rid myself of. So I currently am sitting on 197 combined TPUs in RCI. I can go anywhere but, I can't always find what I want, when I want. I really don't need more RCI TPUs in my bank.
So I stumble upon HICV's GlobalChoice today. Never heard of it before. It is similar to something Wyndham has calls PIC (personal Interval choice) if you know Wyndham. So basically you can take a NON RCI points resort week and you can for a fee convert to into HICV points.
Details of how it works. Deposit your week into RCI at least 10 months prior to the start date. It must be 10 months. Then decide anytime between that deposit time and at least 2 weeks prior to the checkin date, to either use it as TPUs OR if you have NOT used the TPUs you can for a $75 fee convert a week's TPUs into HICV points.
How many HICV points to you get....it depends: I only ask for and got these ranges, if you have higher TPUs you will have to call and ask HICV.
For 24-28 TPUs you get 100K HICV points
For 19-23 TPUs you get 90K HICV points
For 16-18 TPUs you get 80K HICV points
For 1-15 TPUs you get 60K HICV points
I was told it would be 2 years life once you deposit the points into HICV but I have NOT tested this yet, as I had no weeks that met the criteria. (1 that met the 10 months is now a RCI POINTs resort and I wasn't aware, the other 2 units I deposited 9 months in advance NOT 10. ) So next year I will have a resort to test this out with, so I can't confirm the life of the deposted points.
Big HUGE difference between Wyndam and Holiday Inn and this program is, with Wyndham you have to pay for that privilege by buying from the developer and then you have to pay a Program Fee for that right, even if you chose NOT to deposit those points into Wyndham every year.
So with Holiday Inn, you don't have to pay to do this unless you want to. And if you do it will cost you $75 per week to convert. Otherwise it costs nothing, if you don't want to do it.
So if you need some extra HICV yes you can rent them for $10 per 1000, or if you have a low MF TS with an average TPU, you can make out ok.
I have a 21 TPU that I pay $573 MF and that converts for a$75 fee. So I would end up with 90K HICV points for an cost of less than $6.5 per 1000. I also have reduced my reservation costs because in HICV that is $59 and in RCI it is $209. Now this may only make sense if you have TPUs that you don't need to put into RCI AND you can use more HICV and don't want to purchase anything else.
I sure wish Wyndham worked that way
I also have a few other week only resorts that I have yet to rid myself of. So I currently am sitting on 197 combined TPUs in RCI. I can go anywhere but, I can't always find what I want, when I want. I really don't need more RCI TPUs in my bank.
So I stumble upon HICV's GlobalChoice today. Never heard of it before. It is similar to something Wyndham has calls PIC (personal Interval choice) if you know Wyndham. So basically you can take a NON RCI points resort week and you can for a fee convert to into HICV points.
Details of how it works. Deposit your week into RCI at least 10 months prior to the start date. It must be 10 months. Then decide anytime between that deposit time and at least 2 weeks prior to the checkin date, to either use it as TPUs OR if you have NOT used the TPUs you can for a $75 fee convert a week's TPUs into HICV points.
How many HICV points to you get....it depends: I only ask for and got these ranges, if you have higher TPUs you will have to call and ask HICV.
For 24-28 TPUs you get 100K HICV points
For 19-23 TPUs you get 90K HICV points
For 16-18 TPUs you get 80K HICV points
For 1-15 TPUs you get 60K HICV points
I was told it would be 2 years life once you deposit the points into HICV but I have NOT tested this yet, as I had no weeks that met the criteria. (1 that met the 10 months is now a RCI POINTs resort and I wasn't aware, the other 2 units I deposited 9 months in advance NOT 10. ) So next year I will have a resort to test this out with, so I can't confirm the life of the deposted points.
Big HUGE difference between Wyndam and Holiday Inn and this program is, with Wyndham you have to pay for that privilege by buying from the developer and then you have to pay a Program Fee for that right, even if you chose NOT to deposit those points into Wyndham every year.
So with Holiday Inn, you don't have to pay to do this unless you want to. And if you do it will cost you $75 per week to convert. Otherwise it costs nothing, if you don't want to do it.
So if you need some extra HICV yes you can rent them for $10 per 1000, or if you have a low MF TS with an average TPU, you can make out ok.
I have a 21 TPU that I pay $573 MF and that converts for a$75 fee. So I would end up with 90K HICV points for an cost of less than $6.5 per 1000. I also have reduced my reservation costs because in HICV that is $59 and in RCI it is $209. Now this may only make sense if you have TPUs that you don't need to put into RCI AND you can use more HICV and don't want to purchase anything else.
I sure wish Wyndham worked that way
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