New DC Status Tiers effective 4/30/15

[dioxide45]

From the Exchange Docs.....



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.

That is correct. It is based on half of the EOY allocation for the status tiers. Though when you convert, you can only convert to DC points in your use year and get the full value of those DC points.

 

[BobG7734]

To add to Dioxide...the points do appear in your assigned year (eg odd) but then those points can be borrowed into the current even year.

I have every year ownership in one location and eoy in 2 others...it is possible to bank and borrow and elect all into one year.

 

[MauiSunset]

What does April 30, 2015 mean to you?

We attended our annual Maui Ocean Club presentation a few days ago.
The salesman was very knowledgeable and indicated we had been there 6 times before and did not buy anything - why are we coming back?

Well, that wasn't a great way to start the sales presentation but we are going to buy 2,000 points to go along with our Gold Summit Watch that is enrolled in the program. If you had told me that we would buy Points from Marriott the day before I'd tell you that you forgot to take your meds.

I'm not going to go into why we bought since I don't want to get pummeled with "why on earth..."

But I am curious what April 30, 2015 means to you guys since it is a tectonic date for me; if I understand all the things happening then.

and yes we still have 6 days to rescind if we want.

Thanks for your feedback - Maui

 

[sjsharkie]

Well, that wasn't a great way to start the sales presentation but we are going to buy 2,000 points to go along with our Gold Summit Watch that is enrolled in the program. If you had told me that we would buy Points from Marriott the day before I'd tell you that you forgot to take your meds.

I'm not going to go into why we bought since I don't want to get pummeled with "why on earth..."

Thanks for your feedback - Maui

As long as you have made an informed decision about buying, there is no reason to get pummeled here. Enjoy your purchase!

As for April 30, no big meaning for me. Now April 15 -- that's another story

-ryan

 

[Fasttr]

We attended our annual Maui Ocean Club presentation a few days ago.
The salesman was very knowledgeable and indicated we had been there 6 times before and did not buy anything - why are we coming back?

Well, that wasn't a great way to start the sales presentation but we are going to buy 2,000 points to go along with our Gold Summit Watch that is enrolled in the program. If you had told me that we would buy Points from Marriott the day before I'd tell you that you forgot to take your meds.

I'm not going to go into why we bought since I don't want to get pummeled with "why on earth..."

But I am curious what April 30, 2015 means to you guys since it is a tectonic date for me; if I understand all the things happening then.

and yes we still have 6 days to rescind if we want.

Thanks for your feedback - Maui

Are you referring to THIS?

 

[MauiSunset]

Are you referring to THIS?

not really but it is important.

 

[ilene13]

As long as you have made an informed decision about buying, there is no reason to get pummeled here. Enjoy your purchase!

As for April 30, no big meaning for me. Now April 15 -- that's another story

-ryan

Ditto, we will be at chairmanship level for DP but it doesn't matter to us.

 

[SueDonJ]

not really but it is important.

If not the upcoming changes to status tier levels in the DC that are detailed in that linked thread, I can't imagine what else related to Marriott would be as or more important?

 

[MauiSunset]

If not the upcoming changes to status tier levels in the DC that are detailed in that linked thread, I can't imagine what else related to Marriott would be as or more important?

that's why I'm asking - is there anything happening on April 30 that is just as important; I don't know since I've not kept up on Marriott for years.

 

[SueDonJ]

that's why I'm asking - is there anything happening on April 30 that is just as important; I don't know since I've not kept up on Marriott for years.

I'm confused. You answered Fasttr by saying "not really" but it seems you are asking if we know that DC status tiers are being adjusted effective 4/30/15? Yes, and we talked about it in the linked thread.

I'm merging these two threads in order to prevent duplicate ongoing threads related to the same topic - but if you are talking about something else please feel free to say so and I'll split them apart again.

 

[dansimms]

Ask about 2500 Points

You may want to ask your Rep., how much more, if anything to get 2500 Trust Points. For us, it was a little less money than 2000 would have been. Bare in mind, it means higher maintenance fee ongoing though. Congrats!

 

[MauiSunset]

You may want to ask your Rep., how much more, if anything to get 2500 Trust Points. For us, it was a little less money than 2000 would have been. Bare in mind, it means higher maintenance fee ongoing though. Congrats!

So 2,500 points are cheaper than 2,000 points?
I must be reading this wrong.

 

[jimf41]

So 2,500 points are cheaper than 2,000 points?
I must be reading this wrong.

You're not reading it wrong. MVC gives discounts on volume. They also discount if you don't take any incentives.

 

[SueDonJ]

So 2,500 points are cheaper than 2,000 points?
I must be reading this wrong.

With purchase incentives it's possible because the per-Point price can decrease as the number of Points being purchased increases. No purchase incentives are guaranteed, though, so it depends what's available at the particular time and from which particular sales rep/office you buy. And as Dan said, forever after you're on the hook for the higher per-Point Maintenance Fee because you actually buy more Points.

 

[SueDonJ]

You're not reading it wrong. MVC gives discounts on volume. They also discount if you don't take any incentives.

Yeah, what he said.

 

[dansimms]

Confirming

Yes. You read that right. In our circumstance, 18 months ago, it was less total money for us to buy 2500 Trust Points than 2000 on the purchase price. It was close, but less expensive by perhaps $25. We purchased during an encore visit, so we had that fee (encore) deducted, I believe we also got a credit for what we originally paid for the Destination Club ($395 ?? I forget.) and we were told we had locked in the rate for points from the prior year due to the Encore visit. They ended up giving a deeper discount than even the lower rate from the prior year. We did a bundle with an EOY at Beach Place Towers and that portion of it came with a 50000 Marriott Rewards Points Bonus once the closing went through. We were hoping that getting to Premier Plus would yield some benefits. When the new tiers were announced, we were glad to see that we are being bumped up to Chairman's Club without having to have 15000 Points, so we feel pretty good about being at the top level despite only having 13300 points. I had it in my head that we were done doing the sales pitch and my wife just surprised me and said she wants to hear the latest pitch, based on the fact that we would be impossible to sell to, considering that we are already at the highest level and don't want to add to our maintenance fee. We will keep you posted on how that goes during our Desert Springs 1 trip this month. We are in sales, so we are very sensitive to wasting a Sales Rep's time when they could be speaking to a better prospect with greater than a 0% chance for a sale. We look at our portfolio as great now and setting us up for retirement down the road, where we might want to string together greater than a month away in our winter or for far flung trips like Australia, South America and Asia that ideally require longer durations.

 

[SeaDoc]

We attended our annual Maui Ocean Club presentation a few days ago.
The salesman was very knowledgeable and indicated we had been there 6 times before and did not buy anything - why are we coming back?

Well, that wasn't a great way to start the sales presentation but we are going to buy 2,000 points to go along with our Gold Summit Watch that is enrolled in the program. If you had told me that we would buy Points from Marriott the day before I'd tell you that you forgot to take your meds.

I'm not going to go into why we bought since I don't want to get pummeled with "why on earth..."

But I am curious what April 30, 2015 means to you guys since it is a tectonic date for me; if I understand all the things happening then.

and yes we still have 6 days to rescind if we want.

Thanks for your feedback - Maui

I was just in Maui for the last three weeks. Beautiful. The April 30th is the date when the four new tiers come into being. If your recent purchase places you at the current premier 6500 or premier plus 13000, your tier level will be elevated to the next higher tiers as it will now require 7000/15000 for those new tiers starting in May 2015.

 

[dansimms]

Banking Points for 2 years

Does anyone see banking points, either Trust or Legacy, out 2 years versus 1, as being a potential drawback? Apparently if you need them, they are eligible to be pulled into the current year. So there may not be a drawback. Thoughts? As of May 1st, Chairman Clubbers can bank up to 2 years.

 

[SueDonJ]

Does anyone see banking points, either Trust or Legacy, out 2 years versus 1, as being a potential drawback? Apparently if you need them, they are eligible to be pulled into the current year. So there may not be a drawback. Thoughts? As of May 1st, Chairman Clubbers can bank up to 2 years.

Dan, I merged your new thread into this one because the upcoming status tier changes aren't in effect yet, and we're still limited to some speculation about many related items because MVW hasn't released anything more than the pdf's linked in the first post in this thread.

We don't know if the existing banking rules will remain or if they'll change - why do you think banked Points will be able to be pulled back into the Use Year from which they were banked? The wording on the chart leads me to expect that although the banking periods are extended for the top two tiers, the rule about banked Points not being eligible for original Use Year usage will remain. What I expect is that if Points from a 1/1-12/31/15 calendar Use Year are banked by a Member with Presidential status, those Points can be used to book available intervals with a check-in date between 1/1/16 and 6/30/17, and the same UY Points banked by a Member with Chairman's Club status could be used ... between 1/1/16 and 12/31/17.

In any case, whether they change the rule or not, I don't see how extending the banking period might be seen as a drawback. It lengthens your usage period, gives you something you didn't have before while not taking anything away.

 

[dundeeyank]

As stated, nobody knows

If you were a long range planner like me, a three year plan would add even more possibilities to the mix but also more time planning.
What I worry about is how it will be set... I decide I want to do a trip to France in 16 and a trip to Italy in 17. But something comes up and I want to take a Safari to South Africa in 16... Can I use the points I moved from 15 to 17 back into 16? As stated, we don't know the rules yet.

 

[buildsmart]

Floating Platinum Week

Will this affect my ability to book a week. I am purchasing a week at the Grande Vista

 

[kds4]

Will this affect my ability to book a week. I am purchasing a week at the Grande Vista

If you are purchasing a resale week at MGV/MGR (Marriott's Grande Vista), and it passes ROFR (Marriott's Right of First Refusal), the changes being discussed here (regarding Marriott's Destination Club or DC points program - which is a different form of timeshare/vacation ownership with Marriott than purchasing a week as you say you are doing) will have no effect on your ability to reserve your home resort/Grande Vista during the season you purchased (Gold/Platinum) or your ability to deposit the week for an exchange through II (Interval International), if you have a paid membership/account with II.

 

[Quilter]

We attended our annual Maui Ocean Club presentation a few days ago.
The salesman was very knowledgeable and indicated we had been there 6 times before and did not buy anything - why are we coming back?

Well, that wasn't a great way to start the sales presentation but we are going to buy 2,000 points to go along with our Gold Summit Watch that is enrolled in the program. If you had told me that we would buy Points from Marriott the day before I'd tell you that you forgot to take your meds.

I'm not going to go into why we bought since I don't want to get pummeled with "why on earth..."

But I am curious what April 30, 2015 means to you guys since it is a tectonic date for me; if I understand all the things happening then.

and yes we still have 6 days to rescind if we want.

Thanks for your feedback - Maui

Curious, did you consider buying a bundled package direct from Marriott?

We stopped in Orlando to have lunch with our salesman. He's now in the resale of bundles. Makes a sensible pitch to go that route.

 

[MauiSunset]

Curious, did you consider buying a bundled package direct from Marriott?

We stopped in Orlando to have lunch with our salesman. He's now in the resale of bundles. Makes a sensible pitch to go that route.

What is a bundle?

 

[dioxide45]

What is a bundle?

A combination of a resale week through Marriott resales department along with a DC trust points purchase. The amount of DC trust points you buy must be equal to the number of points the resale week is worth when converted to DC points. With the bundle, they allow the resale (post 6/20/2010) week to be enrolled in DC. The resale week MUST be purchased through Marriott resales, not externally.