Lydlady
TUG Member
I know there's an annual fee of $200+ (sorry, can't remember the exact amount). I do a lot of trading through II. Do I still need to pay upgrade fees and also for ePlus exchanges?
MVC to MVC exchanges and eplus are free int the corporate account and you II membership is included. You'd still pay upgrade fees and eplus/exchange fees to non MVC resorts. You also get free change cancelations for MVC (not II) and free lockoff fees. If you have non enrolled or non MVC units you'd still need to have a separate personal II account and all charges are applicable there even to other MVC resorts.I know there's an annual fee of $200+ (sorry, can't remember the exact amount). I do a lot of trading through II. Do I still need to pay upgrade fees and also for ePlus exchanges?
If your weeks are enrolled in the DP program, they would be part of your DP II corporate account and you would not be paying for exchanges of those weeks. When did you buy your weeks and how did you enroll ?
I'm hoping you enrolled for free, or can still rescind.I bought my week in 2001 and just enrolled last week during a timeshare “presentation.”
I'm hoping you enrolled for free, or can still rescind.
Great. As others noted your week will now have it's own Marriott corporate account. Trading is the same, but no charge for annual II dues (you pay DC club annual fee), lock off, or trades to Marriott (including unlimited free retrades.)Yes I did.
So you went 10 years without enrolling? Did you not know about it?I bought my week in 2001 and just enrolled last week during a timeshare “presentation.”
So you went 10 years without enrolling? Did you not know about it?
Figures they didn’t explain it that well. Keep it vague was probably in their best interest lol. With an enrolled week you get the benefit of all three worlds right? Points if you want, your assigned week at home resort, or exchange one or both in interval? Can you deposit half and convert the other half to points? It’s all very similar to the vistana star options ownerships except the ability to book any resort at 13-12 months instead of 8.I can’t answer for lydlady of course but my experience was similar. In my opinion Marriott did a poor job of explaining the benefits of enrolling beyond touting the option to convert to points and I knew exchanging my lock off was a better value and working well for me.
It wasn’t until I read a thread on II community and understood the fee savings and then soon after was offered free enrollment that I enrolled.
So you went 10 years without enrolling? Did you not know about it?
Figures they didn’t explain it that well. Keep it vague was probably in their best interest lol. With an enrolled week you get the benefit of all three worlds right? Points if you want, your assigned week at home resort, or exchange one or both in interval? Can you deposit half and convert the other half to points? It’s all very similar to the vistana star options ownerships except the ability to book any resort at 13-12 months instead of 8.
Good to know. I’d like to see how the new common currency program to be announced this year changes things on both sides. It will be extremely interesting. So many variables that come into play.You could say you get the benefit of all 3 worlds- stay your ownership, deposit into II or elect points.
But I knew about the skim- electing points doesn’t even give you enough to stay back in your owned week- so I certainly wasn’t going to get the 2 weeks stay (often both in 2Br) that I was getting exchanging my lock off on II.
I don’t believe you can lock off before electing points and deposit half in II. Hopefully someone else can confirm. I know you can lock off and stay your ownership with half and deposit the other half into II.
Correct. Electing for DC points in any given year is a full unit decision. Can’t lockoff and only elect part of a unit for points.I don’t believe you can lock off before electing points and deposit half in II. Hopefully someone else can confirm. I know you can lock off and stay your ownership with half and deposit the other half into II.
But I knew about the skim- electing points doesn’t even give you enough to stay back in your owned week- so I certainly wasn’t going to get the 2 weeks stay (often both in 2Br) that I was getting exchanging my lock off on II.
Whenever this point is made - "electing points doesn’t even give you enough to stay back in your owned week" - I scratch my head. Why does that even matter?
If you want to stay in your owned week, then stay in your owned week. Don't elect for points. You only elect for points if you want to go somewhere else. In that scenario, I look at the "skim" as simply MVC's "price" for offering me the added flexibility of booking a reservation in other places, being able to book that reservation for less than or more than a 7-day increment, and to do so without the hassle of the deposit/search/wait II game. As I've said on TUG many times, I don't really understand the angst that the "skim" causes.
My one enrolled week has about a 6% skim and the two unenrolled Hawaii weeks I have would have between 0% and 13% skim if they were enrolled, based on whether the points needed to book are the lower Hawaii season or higher season. But that never impacts me unless I elect for points, in which case the 6% skim on my one enrolled week represents about an $84 haircut based on my maintenance fee for that week. The Hawaii weeks would have a haircut of between $0 and $300, if they were enrolled, based on those maintenance fees. I don't do II exchanges, but what do they cost? Isn't it $200+ or so for an exchange? So, I look at the skim as my exchange fee.
I never understand why it’s a big deal either and immediately was about to slam. However, I believe the thought here was the fact that he could lock off and get two full weeks in potentially 2 bedrooms for his studio and 1 bedroom. That is a good deal if it’s where you want to go and when you want to go.
Whenever this point is made - "electing points doesn’t even give you enough to stay back in your owned week" - I scratch my head. Why does that even matter?
If you want to stay in your owned week, then stay in your owned week. Don't elect for points. You only elect for points if you want to go somewhere else. In that scenario, I look at the "skim" as simply MVC's "price" for offering me the added flexibility of booking a reservation in other places, being able to book that reservation for less than or more than a 7-day increment, and to do so without the hassle of the deposit/search/wait II game. As I've said on TUG many times, I don't really understand the angst that the "skim" causes.
My one enrolled week has about a 6% skim and the two unenrolled Hawaii weeks I have would have between 0% and 13% skim if they were enrolled, based on whether the points needed to book are the lower Hawaii season or higher season. But that never impacts me unless I elect for points, in which case the 6% skim on my one enrolled week represents about an $84 haircut based on my maintenance fee for that week. The Hawaii weeks would have a haircut of between $0 and $300, if they were enrolled, based on those maintenance fees. I don't do II exchanges, but what do they cost? Isn't it $200+ or so for an exchange? So, I look at the skim as my exchange fee.
Remember there is a cost to being enrolled and in many situations, a cost to enroll even if a qualifying week. I enrolled almost day 1 and paid the roughly $2K at the time but it made a lot of sense for our situation, it doesn't for everyone.So you went 10 years without enrolling? Did you not know about it?
CSalter had it right when he suggested the point I was making when I mentioned the skim was that I could exchange my gold season Orlando Marriott lock off for 2 weeks, often both in a 2Br by trading on II.
MVC was trying to convince me to give them $700 for the honor of electing points that wouldn‘t allow me to book even one week similar to my own - of course I wouldn’t elect points to stay in my home resort, I don’t even stay my ownership week- I lock off and exchange on II even back to my home resort.
This was not a good marketing technique for me. And that’s why I didn’t enroll for years.
Once the enrollment fee was removed and the II fee savings were explained (and not by an MVC salesperson) I did enroll and yes I even have elected points when that fits my needs. I agree that one doesn’t always need to maximize financial value and that sometimes convenience and opportunity are have more value.
I agree my point that Marriott didn’t do a good job marketing the DC to me stands without mention of the skim.I don't disagree with anything you said, but my point was the "skim" is basically irrelevant to the arguments you are making. Basically everything you said would also be 100% true even if the skim was zero - i.e. - as long as you are willing to deal with II, you can lock-off and exchange one week for two. You can't generally do that with points, even if there was no skim at all. (Except for specific situations where someone is electing high season points in an expensive location like Hawaii where they might get 6000 or even 7000 points for their week, and can then use those points to book multiple weeks in lower-point locations or seasons.) So, while II can often provide greater financial value than DC points, that's not because of the skim, it's because they are different booking/trading models with different ways of doing things.
I agree my point that Marriott didn’t do a good job marketing the DC to me stands without mention of the skim.