Sounds like cash back on a Wyndham rewards credit card to pay your mfs or referring other owners.
Agree... it's probably a combine of Wyndham Rewards and your own personal consultant to rent out your points to defray maintenance fees.
It will sound wonderful on paper, but please don't be fooled. The personal consultant is one of the biggest lies used by sales persons at Wyndham. There isn't any such thing. One thing they won't tell you is if you rent your points through Extra Holidays, you only receive 65% of the net fees paid by renters and they may only rent one or two days out of your week. You lose the balance of the week.
The Wyndham Rewards card is nice for collecting Rewards points to use for motel nights while traveling to our timeshare vacation. That's all we use it for.
If you want to convert Club Wyndham Plus points to Wyndham Rewards points, it has to be done during the 12 month period prior to your Use Year start date. It's not for left over points at the end of a use year.
Regular use year points can be converted to Assessment dollars in the first 3 months of the Use Year and the conversion factor is .0021 per point. The example given in the Directory is 105,000 points converts to $220.50 maintenance dollars. So you can see that converting all your points will not pay all your maintenance fees for a year.
We once had a sales person use the conversion feature to try and sell us more points. It sounded great, but when I got home and used the directory to see how to do it, I saw that I couldn't use left over points at the end of the year to pay on fees and the conversion factor stinks!
Wyndham points are thrifty when used to stay at Wyndham resorts. Most other uses for points are gimmicks to make them sound better than they are for the unwary potential buyer.
Sales reps always find a way to avoid telling you what that conversion factor really looks like.