Just a Reminder Don't Forget to Bank StarOptions Today!

[cyntravel]

Hi just wanted to remind everybody to Bank their StarOptions.
I almost forgot.
Have a nice 4th of July with your families!

 

[DeniseM]

Thank you, cyntravel!

Today is the deadline for non-Elite owners - Elite owners have 2 different deadlines:

3 & 4 Star Elite - Oct. 1

5 Star Elite - Dec. 31st

• If you have Staroptions that you cancelled and recovered after March 11th, from 0-60 days before check-in, they fall under Vistana's C19 policy.

•This means that you cannot bank them in the traditional sense, but under the policy, Vistana will automatically roll the Staroptions over to 2021, if you don't use them in 2020.

•I HIGHLY recommend that you take screen shots of the distribution of Staroptions in your online Acct, so you can document what you have, if necessary. Log onto the dashboard and then click on ACCOUNT BALANCES - DETAILS, and save a screen shot, or print out, of your Acct.

 

[David Yuan]

Not sure if it's been mentioned, but should we book a place to go in the next 30 days, then cancel and the SO would be extended to 2021 for free?
(thou with a 4 months window instead of 8?)

thx

 

[dioxide45]

Not sure if it's been mentioned, but should we book a place to go in the next 30 days, then cancel and the SO would be extended to 2021 for free?
(thou with a 4 months window instead of 8?)

thx

Yes, but only extended until 2021 instead of 2022. They would also be heavily restricted, only to be used for reservations within 120 days of checkin. Paying the banking fee gets you unrestricted StarOptions that can be used 8 months ahead of checkin.

 

[DeniseM]

Not sure if it's been mentioned, but should we book a place to go in the next 30 days, then cancel and the SO would be extended to 2021 for free?
(thou with a 4 months window instead of 8?)

Not a good value:
1) Staroptions must be used before the end of 2021.
2) Only a 120 day reservation window.
3) You will be competing with a TON of other owners who had to cancel due to C19.

Far better value to bank in the standard way:
1) Staroptions extended to the end of 2022.
2) 8 month banking window.

Definitely worth $109.

 

[EnglishmanAbroad]

Not a good value:
1) Staroptions must be used before the end of 2021.
2) Only a 120 day reservation window.
3) You will be competing with a TON of other owners who had to cancel due to C19.

Far better value to bank in the standard way:
1) Staroptions extended to the end of 2022.
2) 8 month banking window.

Definitely worth $109.

Does anyone know what happens if you book with banked options due to expire this year and then cancel under the C19 'restrictions'? Is there a loophole there to 'extend' expiring options?

 

[DeniseM]

They will fall under the C19 rule, and automatically roll over to 2021, with a 120 day reservation window.

 

[jabberwocky]

They will fall under the C19 rule, and automatically roll over to 2021, with a 120 day reservation window.

I can confirm this is true. I had some banked that were due to expire in Dec 2020 (only around 10k). They were extended to 2021 when we had to cancel last minute in March.