Question for those that are converting to points!!!
I have been following this thread since the beginning and posted a few times here and there, more in an effort to figure things out than to fight with anyone. However, I do find the posts from those that will be going or have already bought into points interesting (Sue, Wuv Pooh, etc.) as at least we are getting both sides of the argument, and I tend to be suspicious and lend my thinking towards not trusting this new system (which is in line with all the other posters). So with that, here is what I have and how I use it - and I am interested to see what the points supporters have to say in regards to it being a worthwile endeavour to join points or not -
if they were me. Of course, those that disagree with points should chime in and well. Here goes:
1. I own 1 week every year at Maui Ocean Club, mtn/grdn view, that I purchased on the resale market. Trade in value for points is 3,100. It will take 3,550 points to get a summer week in the same view/unit, which is the only time I go now.
2. When I bought, I planned on going to Maui every year and using it, with the occassional trade. However, air fare has gone nuts, and I have 3 kids, so air for 5 people has gotten crazy. So, for the past several years, I have traded my Maui week into II, for the identical week the following year - waited to get my confirmation which was always 12 months out (so clearly I was getting priority in the trade), and receiving an AC for my trouble, which I have used in flex period for some nice things. Then, I would book my regular week connecting to the trade and would stay for 2 weeks; thus maximizing my air costs. Going to any Hawaii resorts for 1 to 3 or 4 days is not a good option for me as the cost for air is not cheap.
3. My fees are my II membership, which I pay for the 5 year plan; and also the fee to exchange Marriott to Marriott, which I pay every other year. I have a 1bdr unit, so no lock off fees for me. Joining points costs me $1,495 - one time, plus $165 per year. I think I may save money on my current plan by just paying II, but I can't remember what my II 5 year fees are, so I need help with that, and figuring at what point I break even on the $1,495 - if at all?
4. I also made a decision a few years back to not go to Hawaii, due to costs, and trade my 1bdr to Newport for a 2bdr in the summer - which I got through II, and also got an AC for doing so. It appears with points, that direct exchange would never happen again. I also traded my 2010 4th of July week into II as a deposit first (got an AC as well), in 2009 - and requested a summer week in 2011 so I can go 2 weeks - so II has my 2010 week now, and I am waiting on the request to be fulfilled.
5. I like points programs, as I own DVC - but this is different as it appears there are uncertaintees as to where II can pull their inventory, and I dread over the fact that there is no Home Resort priority in all of this. In the Marriott FAQ, I believe it states something like the availability can come from trades into points and the Marriott Rewards exchanges, but also from II - so unless they put in writing that they will not take any II exchange whether it comes in from a points participant or not; then I must assume that they can take whatever they want - as their FAQ language is vague - so I have to assume the worst to protect myself, right? This is my biggest concern where I may have to join. If Marriott can do this, then it is not business as usual for weeks owners who trade weeks for weeks, especially for people like me who trade back into their own resort, and who now with II, get top priority in the exchange. It appears that Marriott can raid II for points people, or any other purpose, and it is not clear that I will get my same priority that I have now - which by the way, is what sold me on Marriott to begin with.
This is how it breaks down for me and my family. Any advice on the Positive/Negative side would be greatly appreciated. I already know about the "skim" vs. the "no-skim" arguments, and comparing Marriott to Enron, BP and Frito Lay, etc. However, I am looking for you smart Tuggers to help me make a solid financial decision; which is how I see this at the end of the day.
Thanks in advance!!!
Frank