Interval International's Club Interval Gold Points?

[chriskre]

Has anyone bought Club Interval Gold Points for II?
Have you found them useful?
How are the fees and what kind of exchanges did you get?

 

[chriskre]

So nobody has bought these?

 

[Hindsite]

Clearly not on TUG that have seen this post and are minded to reply, but at least one resort/brand has a marketing campaign so there is a bit more chatter around about it than previous. A couple of the actively curated II facebook groups have their owners that are part of the promo work so there is info about via them and free webinars available. There is good stuff that can be had with them, as there is with any II membership and the more work you put in the better outcomes you get, so nothing new there.

The points are far from new and the points chart is in the II buyers guide so you can go and look at what you need for what unit/TDI combination. Its a points system and seems to work like any of the points systems in terms of larger units and higher TDI need more points to book. It doesn't seem to have any magic access to inventory that can't be seen with other ownerships and it doesn't have preference within any of the brands e.g MVC to MVC.

What appears to be different in the current offerings is that they are a set number of points over a set number of years, as few as 3 years, so it differs from some of the vacation clubs in that it is much shorter period of time, and you seem to be able to add more points as you need. Its quite a good way for resorts to dump their sticky inventory and get some return for them, so sems like a decent idea as long as you understand what it is and whether it will suit your needs.

As with anything timeshare its not some kind of magic bullet and you need to cut through the hype and do your homework carefully before you commit to anything to ensure that it is the right product for you.

 

[chriskre]

Clearly not on TUG that have seen this post and are minded to reply, but at least one resort/brand has a marketing campaign so there is a bit more chatter around about it than previous. A couple of the actively curated II facebook groups have their owners that are part of the promo work so there is info about via them and free webinars available. There is good stuff that can be had with them, as there is with any II membership and the more work you put in the better outcomes you get, so nothing new there.

The points are far from new and the points chart is in the II buyers guide so you can go and look at what you need for what unit/TDI combination. Its a points system and seems to work like any of the points systems in terms of larger units and higher TDI need more points to book. It doesn't seem to have any magic access to inventory that can't be seen with other ownerships and it doesn't have preference within any of the brands e.g MVC to MVC.

What appears to be different in the current offerings is that they are a set number of points over a set number of years, as few as 3 years, so it differs from some of the vacation clubs in that it is much shorter period of time, and you seem to be able to add more points as you need. Its quite a good way for resorts to dump their sticky inventory and get some return for them, so sems like a decent idea as long as you understand what it is and whether it will suit your needs.

As with anything timeshare its not some kind of magic bullet and you need to cut through the hype and do your homework carefully before you commit to anything to ensure that it is the right product for you.

Thanks for responding.
I'm actually in the Facebook group for DVC-II trading but since I own DVC already I am not really interested in using them for DVC trades.
I'm more interested in getting the other stuff in II like the Marriotts and Hyatts that I used to get when I owned BG until they downgraded my ownership.
I've since divested of that ownership so looking for other options.
I did pick up a Marriott since then but don't want to over commit anymore to owning so wondering if you have to convert a week to points or can buy points
without converting a week. I guess I'll see if the group does any other exchanges.
People are so obsessed with DVC.
I'm wanting to get to Key West and Marco Island. LOL

 

[GrayFal]

@chriskre listen to the “ free” webinar given on that group. They are selling these memberships. Reminder no Marriott Vistana preference.
For some reason, II does not require very much trading power to see DVC so other options are also out there that could work for you.
And you already own what will get you into Key West, with Marco the issue is availability, not what you own.

@Hindsite has covered all the points

 

[Hindsite]

The group you are in is a DVC group, as well as II, so its going to be heavily focussed on getting DVC exchanges as well as helping DVC owners to get other exchanges.

MVC Crystal Shores Marco Island is a tough exchange to get as GrayFal says, that's down to availability, not just Trading power. You'll need to have a request in using an MVC week to have a decent chance of getting that.

The Hyatts, particularly Key West are available as getaways, so that would be a good solution for that without committing. A lot of the HWP and HYB getaway inventory has already gone, but there are still dates there at a price that is cheaper than maint fees for the weeks.

The CIG points offer that is making the rounds is a stand alone product, not something that you can use your MVC week to convert to points to use. You buy a set number of points for a set number of years for an up front price and then get an II gold level membership that they are deposited into for you to use. After that time, you can just let it lapse or buy more as you need. There are a load of vacation club type products that operate this way, though usually for longer time periods.

 

[chriskre]

@chriskre listen to the “ free” webinar given on that group. They are selling these memberships. Reminder no Marriott Vistana preference.
For some reason, II does not require very much trading power to see DVC so other options are also out there that could work for you.
And you already own what will get you into Key West, with Marco the issue is availability, not what you own.

@Hindsite has covered all the points

Thanks.
I was wondering why she kept asking people to DM her. I guess it’s for the webinar. I have to pay more attention to that group.
So it’s interesting that trade power is lower for DVC with these points. Hmmm.


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[GrayFal]

Thanks.

So it’s interesting that trade power is lower for DVC with these points . Hmmm.


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Trade power is lower in general for DVC.
Unrelated really to those points. Cindy's week 52 Foxrun see it.
Unrated resorts can see DVC.
Not as low as CMV but lowwwwww

 

[chriskre]

The group you are in is a DVC group, as well as II, so its going to be heavily focussed on getting DVC exchanges as well as helping DVC owners to get other exchanges.

MVC Crystal Shores Marco Island is a tough exchange to get as GrayFal says, that's down to availability, not just Trading power. You'll need to have a request in using an MVC week to have a decent chance of getting that.

The Hyatts, particularly Key West are available as getaways, so that would be a good solution for that without committing. A lot of the HWP and HYB getaway inventory has already gone, but there are still dates there at a price that is cheaper than maint fees for the weeks.

The CIG points offer that is making the rounds is a stand alone product, not something that you can use your MVC week to convert to points to use. You buy a set number of points for a set number of years for an up front price and then get an II gold level membership that they are deposited into for you to use. After that time, you can just let it lapse or buy more as you need. There are a load of vacation club type products that operate this way, though usually for longer time periods.

Thanks
So that makes sense.
I was wondering why II would allow points conversion of MVC when they are trying to sell you points.
Now it makes sense that they make it a separate program yet it’s kinda the same thing in II just with no preference and more fees.
Still cheaper than buying points I imagine and ongoing MFs unless you can just use getaways to get most of the inventory.
I know I have never seen a DVC in getaways. I have seen Crystal shores and key west Hyatt in getaways so that is probably why the group is into the points heavily.


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[chriskre]

Trade power is lower in general for DVC.
Unrelated really to those points. Txt sees it.
Unrated resorts can see DVC.
Not as low as CMV but lowwwwww

Things sure have changed.


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[Hindsite]

Thanks
So that makes sense.
I was wondering why II would allow points conversion of MVC when they are trying to sell you points.

It's not II selling the points it's a timeshare resort selling you a limited ownership package that trades in II as club interval points.
Several independent resorts trade in II using club interval points rather than weeks.

 

[chriskre]

It's not II selling the points it's a timeshare resort selling you a limited ownership package that trades in II as club interval points.
Several independent resorts trade in II using club interval points rather than weeks.

Oh okay.
Kind of like RCI points?


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[GrayFal]

Oh okay.
Kind of like RCI points?


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Exactly!
Grand view in Vegas

 

[chriskre]

Exactly!
Grand view in Vegas

So do you have to buy a deed or just a package of points?
I can see why those chasing DVC would be attracted to this but we know how easily that can change.


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[SherBear801]

From what I understand it is a one-time package of 100,000 points and you have three years to use those points. You can buy additional points in increments of 5000 at .04 per point.

 

[Hindsite]

I can see why those chasing DVC would be attracted to this but we know how easily that can change.

Exactly the whole point of a short-term deal is that, as and when either your needs change or the trading power is adjusted for some reason, you just use the points up and let it all lapse with no ongoing commitment. Unlike buying a low (or high) cost trader and then being stuck with trying to dispose of it or paying enduring maint fees. It has a place in the market that might suit some, but its not some kind of magic solution.

 

[WorldT]

Is there anyway to see how much points are need for a unit? Like a table or something?

 

[Hindsite]

Is there anyway to see how much points are need for a unit? Like a table or something?

Yes, its in the II buyers guide along with info on how it works. Table below in case the link doesn't work: https://www.intervalworld.com/iimedia/pdf/iw/buyers-guide.pdf

 

[WorldT]

Thanks. I wonder the if you can use this on any available inventory of it is subject to the same opacity as the weeks program. In other words, if I deposit say an independent unit with a high TDI and get the listed points, can I be able to pick up a two bedroom Marriott in the same TDI range? The guide says points allocated is also the same as points required for redemption.