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Lack of Points Usage due to COVID-19

hedgieb

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Are there any other owners of points that are now unable to use their points due to COVID-19 and since it is past the "Bank" date, are frustrated with lack of reasonable options for points usage? Wouldn't "Force Majeure" be applicable?

Would like to see if there is a large contingent that would get behind this.

Thanks in advance!
 
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Fasttr

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Not sure when the end of your Use Year is, but have you looked at making a ressie and then canceling inside of 60 days so that they go into a 120 holding account, and with the new policy, they would have an end date of 12/31/21 assuming they treat non calendar Use Year points the same as calendar Use Year points.
 

hedgieb

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Not sure when the end of your Use Year is, but have you looked at making a ressie and then canceling inside of 60 days so that they go into a 120 holding account, and with the new policy, they would have an end date of 12/31/21 assuming they treat non calendar Use Year points the same as calendar Use Year points.
That is a good idea. I just feel as though they should extend the requirements...
Thank you for the advice!
 

Fasttr

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Here is the current policy if it helps....

Cancelling a Reservation Made with Marriott Vacation Club Destination Points Within 60 Days of Arrival:

•If you are seeking to cancel your reservation and due to arrive 1 – 60 days from the day you cancel: Vacation Club Points will be returned to a Holding Account, however the Points Premium (if any) will be forfeited. ◦For Marriott Vacation Club Destinations Points expiring anytime in 2020 or 2021 and placed into a Holding Account, the expiration deadline will be extended through December 31, 2021, and can be used for a villa reservation or select Explorer offerings within 120 days of arrival instead of the previous 60 days of arrival. The December 31, 2021 extension will be made to your account within two weeks.

•If you are seeking to cancel your reservation on the date of arrival or while staying at one of our resorts, Marriott Vacation Club Destination Points will not be returned.
 

rthib

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Are there any other owners of points that are now unable to use their points due to COVID-19 and since it is past the "Bank" date, are frustrated with lack of reasonable options for points usage?
The banking deadline is not until 6 months (or 4 months) from end of use year.
 

Fasttr

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The banking deadline is not until 6 months (or 4 months) from end of use year.
But pure Trust points can have a non-calendar use year, so as an example April 30 could be the end of OP’s Use Year.
 

hedgieb

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The banking deadline is not until 6 months (or 4 months) from end of use year.
Yeah... The end of my use year is the end of April, I believe. I had one reservation so I took @Fasttr 's advice and booked another, then cancelled them both. I still lost 130 points, but better than nothing and having them to use until the end of December will help...

Thanks to all!
 

Steve Fatula

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When you are going to use a reservation near the end of your use year, sometimes it pays to borrow those points from the next use year, and bank ones in your current use year. So, use borrowed points to make reservations. So, for this one, if they were next years points (and it wasn't a special case like the virus), the cancelled borrowed points would go back to your NEXT use year as opposed to the current use year. Just a trick you may want to use in the future.
 

Dean

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Are there any other owners of points that are now unable to use their points due to COVID-19 and since it is past the "Bank" date, are frustrated with lack of reasonable options for points usage? Wouldn't "Force Majeure" be applicable?

Would like to see if there is a large contingent that would get behind this.

Thanks in advance!
Specific to your original question, I don't think so unless you were in the process of buying at the current time. This is EXACTLY the same as if you owned a condo and this happened.
 

Steve Fatula

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Another way of looking at it, you are not in a vacation club. You are a part owner, which is why Deans comment applies. As an owner, the risk is yours. When you rent, the risk is theirs.
 

rthib

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But pure Trust points can have a non-calendar use year, so as an example April 30 could be the end of OP’s Use Year.
Didn't know that. Bought resale points and they had calendar use year so assumed that was always the case. Thanks
 

Norcal5

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When you are going to use a reservation near the end of your use year, sometimes it pays to borrow those points from the next use year, and bank ones in your current use year. So, use borrowed points to make reservations. So, for this one, if they were next years points (and it wasn't a special case like the virus), the cancelled borrowed points would go back to your NEXT use year as opposed to the current use year. Just a trick you may want to use in the future.
Steve, there was a discussion on Facebook re whether points that have been borrowed (then reservation cancelled) go back into the original use year, but then cannot be banned or transferred. I’m not sure, but I don’t think this is true. (The Facebook participant actually quoted the POS) that’s not true, is it?
 

1Kflyerguy

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Didn't know that. Bought resale points and they had calendar use year so assumed that was always the case. Thanks

I did not fully understand this when we first bought, and got started with Aug 1st usage date. That works fine, but does mean i have to track the use and banking dates different from most.. plus it does limit the number of resale opportunities.
 

Dean

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Previously the points remained in the UY they were borrowed to but from what I can tell, this changed a few months ago and they now can be used through their original expiration but cannot be banked. Even when being discussed here recently on TUG, the website still said they expired and could not be unborrowed but I was told by customer service this had changed and it appears that's accurate. Here's the current info from the FAQ.
Once borrowed, Vacation Club Points will expire during the original expiration date and cannot be banked or transferred
 

Steve Fatula

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Steve, there was a discussion on Facebook re whether points that have been borrowed (then reservation cancelled) go back into the original use year, but then cannot be banned or transferred. I’m not sure, but I don’t think this is true. (The Facebook participant actually quoted the POS) that’s not true, is it?

I posted a link to the official docs in some other thread. The points to back into their original use year. In that year, they cannot then be borrowed on banked, that part is true. However, what you are left with is over a year to use those possibly restricted points (if you cancelled within 60 days), vs, just end of current year. And when your reservation is only a couple of months from year end, you likely lose them if you didn't use the borrow trick.

I have done this for many years, it is not a recent change.

Here's a document from 2017: https://www.marriottvacationsworldw...20171031/nato/exchange_procedures_english.pdf

An excerpt:

Borrowed Exchange Points in a Program Member’s Holding Account expire at the end of the Use Year from which such Exchange Points were borrowed.

This has been discussed by me and a few others many times in the past years.

Here is a link that details when they changed it, 2015:


Read that post and below where fasttr posts old and new docs.
 
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