New DC Status Tiers effective 4/30/15

[Fasttr]

I don't think you can get the 20% premium of points back at 12 months if you re-book.

I've only booked one ressie at 13 months...for a ressie I wanted to make sure I got, and when I rebooked at 12 months, the 20% premium points did go back into my holding account. As I recall, there is another area of the docs that contradicts what you quoted above...I'll see if I can find it.

 

[billkoelpin]

great thanks for clarifying i appreciate it! they must have realized the bread and butter is at building the base rather than the top. I would hope they will add other perks for the 7 and 10k levels if not they are just going to be selling a lot of 2k packages. Sorry one other question - in the 2016 catalog i only see Ritz Vail have all the other RCC left mvc and or changed ownership (St Thomas/Jupiter/Kapalua/Abaco?)

 

[Fasttr]

I don't think you can get the 20% premium of points back at 12 months if you re-book.

I've only booked one ressie at 13 months...for a ressie I wanted to make sure I got, and when I rebooked at 12 months, the 20% premium points did go back into my holding account. As I recall, there is another area of the docs that contradicts what you quoted above...I'll see if I can find it.

Dioxide45, here is the other contradicting excerpt....Bolding is mine.

D. Cancellations and No-Shows.
If a Member wishes to cancel or release a confirmed reservation of a Use Period, and Exchange Company receives written cancellation (or other means of verifiable communication acceptable to Exchange Company) at least sixty-one (61) days prior to the first day of such confirmed Use Period, no cancellation fee will apply, and such cancellation will result in unrestricted restoration of the related Exchange Points to the Member for further use during that Use Year; provided, however, that in the case of an Advance Priority Reservation, Exchange Points required to obtain such Advance Priority Reservation over and above the number of Exchange Points that would be required to reserve the same Accommodations during the Priority 2 Period, Priority 3 Period, or Open Reservation Period will be restored to the Member’s Holding Account, subject to the restrictions on Holding Accounts as set forth in these Exchange Procedures.

 

[dioxide45]

Finally got an email about these changes. Here are some linked documents.

This is specific to our new tier.
http://img.vacationclubsurvey.com/i...vel_Elevation/Owner_Benefits_Select_Chart.pdf

http://img.vacationclubsurvey.com/i...015/02202015_OwnerLevel_Elevation/Benefit.pdf

This is the same one Greg posted in post #1.
http://img.vacationclubsurvey.com/i...wnerLevel_Elevation/OwnerBenefitsBrochure.pdf

 

[TEA CIE]

To buy or not to buy?

I have recently purchased resale weeks through Marriott that are still eligible for DC enrollment if I also purchase the matching points (within one year from the closing dates). Those matching points will get me to pp and then chairman after April 30 and then I will be able to bank points/weeks for 2 years that is a very attractive option to me. I am told by one of the salespersons that DC point price will go up later this month (she didn't say how much). Even though the combined package will cost about $5 to $6 per point at this time before the price goes up, which I know is a good price from reading posts here, the total cost will be still quite high. What should I do? Are the pp/chairman benefits worthwhile to go for it?

 

[chunkygal]

Does anyone know what the 50%mrp points is. Does this mean you would only re ie e 65000 rather than 110000 every year.

 

[StevenTing]

Does anyone know what the 50%mrp points is. Does this mean you would only re ie e 65000 rather than 110000 every year.

I believe it is the % of DC points you can convert to Marriott Points.

 

[dioxide45]

Does anyone know what the 50%mrp points is. Does this mean you would only re ie e 65000 rather than 110000 every year.

It is for Trust points only. Means you can convert that percentage of your DC points to MR points at a 32/1 ratio.

 

[Superchief]

I just received my email regarding the new tiers yesterday. As a Chairman, the most important benefit to me is the ability to bank for two years. From the description, it appears that when you bank from the current year (ie 2015), the points can be used for up to two years (ie 2017). I expect we will only need to bank the points once, rather than once per year.

I needed to bank some 2015 points to 2016 in order to make a reservation next year. I am hopeful that these will also be good for two years, but expect they will not be since I banked them prior to the new program. Therefore, I am delaying the banking of my other points until the new program is in place.

 

[Superchief]

When making a reservation today, I confirmed that any points that are banked prior to the change will only be valid for one year (current policy). I suggest everyone hold off on banking 2015 points until the new program begins in order to enjoy the extended time periods. I also confirmed that you only have to bank the points once, and they will be valid for use until they expire (2 yrs for Chairman).

I assume that current rules will apply regarding transfering points to other owners. Once banked, they cannot be transfered; and transfered points cannot be banked.

 

[bazzap]

When making a reservation today, I confirmed that any points that are banked prior to the change will only be valid for one year (current policy). I suggest everyone hold off on banking 2015 points until the new program begins in order to enjoy the extended time periods. I also confirmed that you only have to bank the points once, and they will be valid for use until they expire (2 yrs for Chairman).

I assume that current rules will apply regarding transfering points to other owners. Once banked, they cannot be transfered; and transfered points cannot be banked.

Many thanks Superchief, this is really helpful information.
I am just sorry your pre-deadline banked 2015 points don't qualify for the 2 years.

 

[Superchief]

Many thanks Superchief, this is really helpful information.
I am just sorry your pre-deadline banked 2015 points don't qualify for the 2 years.

Thanks. Fortunately, I've already used them for a reservation next March at Canyon Villas. I was able to exchange my Gold 1BR for a 1BR 3/7 and use DC points for 5 nights in a 2BR. I continue to be happy with combining owned weeks, II, and DC points to get fantastic vacations.

 

[SueDonJ]

When making a reservation today, I confirmed that any points that are banked prior to the change will only be valid for one year (current policy). I suggest everyone hold off on banking 2015 points until the new program begins in order to enjoy the extended time periods. I also confirmed that you only have to bank the points once, and they will be valid for use until they expire (2 yrs for Chairman).

I assume that current rules will apply regarding transfering points to other owners. Once banked, they cannot be transfered; and transfered points cannot be banked.

Thanks, Superchief. I'm one who will be on the phone May 1 to bank Points under the new rules, and appreciate you sharing what you learned in advance.

 

[jeepie]

Just curious...

Thanks, Superchief. I'm one who will be on the phone May 1 to bank Points under the new rules, and appreciate you sharing what you learned in advance.

I absolutely agree it makes sense to wait until May 1st...but why the rush to bank on May 1st? If one's points are on a calendar year, there will be no need to make the decision to bank until later (September 1st for some). Cheers.

 

[SueDonJ]

I absolutely agree it makes sense to wait until May 1st...but why the rush to bank on May 1st? If one's points are on a calendar year, there will be no need to make the decision to bank until later (September 1st for some). Cheers.

No rush except I know it's what I'm doing with them and would rather take care of it sooner than later.

 

[KathyPet]

I was a PP and dropped to a Premier when we sold MMC. Now I have the PP benefits I lost back again.

 

[Quilter]

I was a PP and dropped to a Premier when we sold MMC. Now I have the PP benefits I lost back again.

Wow! That must have been a pleasant surprise.

What a twist compared to the unfortunate scenario puckmanfl referred to.

We're PP going to Chairman. But I'm not sure "going" is the right term. Like the rest of the program it is "time will tell".

 

[puckmanfl]

good evening....

all those that purchased to become PP got hosed as they would have had the main benefit of PP (less than 7 days at 13 months) anyway...

Previous PP's got hosed too, because more competition at the 13 month mark for the less than 7 day 13 month ressies... The xtra banking (2 years) is a big whoopie!!!! who cares type benefit...

The Previous P's were the big winner here!!!

 

[TEA CIE]

good evening....

... The xtra banking (2 years) is a big whoopie!!!! who cares type benefit...

The Previous P's were the big winner here!!!

I agree with you that the previous p's or the new executive/presidential are the winners overall. But I also think the 2 year banking period is very attractive to me. It means much better control over planning and protection against unforeseen life changes for a period of 2 years (4 years if counting II) without fear of losing my points (both trust and enrolled). It's what has made me seriously considering buying more matching points to my resale weeks. Alas it's not meant to be for me because of my own foolishness.

 

[Quilter]

good evening....

all those that purchased to become PP got hosed as they would have had the main benefit of PP (less than 7 days at 13 months) anyway...

Previous PP's got hosed too, because more competition at the 13 month mark for the less than 7 day 13 month ressies... The xtra banking (2 years) is a big whoopie!!!! who cares type benefit...

The Previous P's were the big winner here!!!

Good evening puck,

Some on this thread have speculated that the larger pool of owners in the 13 month 1+ could stimulate more available inventory.

What are your thoughts?

 

[ihmkkbg]

New Benefit Levels -effective 4/30/2015

does anyone know the benefit details for the revised
Vacation Club Points-effective 4/30/215?

We got an email from Owner Services notifying us that they are reclassifying the point levels. the "old" Premier Plus is now a Chairman's Cub level and is raised to 15,000+ Vacation Club Points. New benefits include extended reservation windows, improved borrowing rules at all levels, extended banking and election deadlines..but no specific details.

 

[FlyerBobcat]

does anyone know the benefit details for the revised
Vacation Club Points-effective 4/30/215?

We got an email from Owner Services notifying us that they are reclassifying the point levels. the "old" Premier Plus is now a Chairman's Cub level and is raised to 15,000+ Vacation Club Points. New benefits include extended reservation windows, improved borrowing rules at all levels, extended banking and election deadlines..but no specific details.

I believe that topic is discussed here .......

 

[washjeff68]

How are every other year points handled?

Suppose you own an EOY even week worth 4,000 DC points. How are the points allocated? would half be allocated every year or are all allocated to the year of use? This could result in someone qualifying for one level in the even years and another in the odd years.

Jeff from Tennessee (chilling at DSV 1 this week)

 

[Fasttr]

Suppose you own an EOY even week worth 4,000 DC points. How are the points allocated? would half be allocated every year or are all allocated to the year of use? This could result in someone qualifying for one level in the even years and another in the odd years.

Jeff from Tennessee (chilling at DSV 1 this week)

From the Exchange Docs.....

With respect to an Exchange Member who owns an alternate year Interest, unless the Exchange Member banks or borrows Exchange Points as may be permitted by these Exchange Procedures, such Exchange Member will be entitled to Deposit Use Periods associated with his or her Interest for usage of Exchange Points only during the calendar year in which such Exchange Member’s use rights occur, and will be required to use their Exchange Points during the same calendar year; provided, however, such Exchange Member will be assessed Exchange Company Dues on an annual basis (as applicable).

As for qualifying for Status levels, I believe they consider 1/2 of the points each year contributing to your Status level....but don't quote me on that one.

 

[Cmore]

Suppose you own an EOY even week worth 4,000 DC points. How are the points allocated? would half be allocated every year or are all allocated to the year of use? This could result in someone qualifying for one level in the even years and another in the odd years.

Jeff from Tennessee (chilling at DSV 1 this week)

Jeff,
We have two every other years at DSII -Odd and an Even, they are enrolled for DC points access. Our points are allocated fully on their use year, so its all the points one year and none the next. In our case, it doesn't matter as they effectively create an every year unit. My guess is yours will be the same, with you getting 4000 in your use year, and zero the next.

Anyway you could always call into Owner services confirm or if you actually have an enrolled unit the mvci owner website will show you exactly how they are allocating the points.

Hope this helps.