We bought an HVC / DRI Hawai’i collection last year that contained 6500 points (retail). We prefer the HGVC resorts and would like to add an extra 5000 or so points to our current 6500 in order to afford the HGVC resorts when they open up to us at the 6 month window. I’d like to add points through resale but it seems like I’ve read conflicting reports on whether or not resale points can be used outside of the main collection.
#1 would resale points be usable to book HGVC resorts 6 months out?
#2 is there a better option for me to get what I’m looking for instead of buying more HVC/DRI points?
Thanks for the help!
Here's the situation. You bought 6500 points retail, those 6500 points are an ownership in the "Hawaii Collection" (which despite it's name does include some mainland properties). Since you bought retail, I assume you are also enrolled in the HGV Club. Now bear with me, because this is going to get complicated, but it's significant for you to understand your situation.
You probably received some type of document as part of the sale that looks like a deed that certifies your ownership of an undivided interest in the Hawaii Collection consisting of 6500 points.
That document states what you actually own. If you wade through the trust documents, it will show that you can use those points to make one or more reservations totaling 6500 points annually in resorts that are in the Hawaii Collection. Corollary:
you don't own anything in the Club; there is no such thing as Club "ownership", despite what you may have been told on the sales floor.
Now let's bring the Club into the picture. When you bought the 6500 points, you were also enrolled in some Club (either HGV Club or HGVMax Club), and you should have received documents describing the club you joined. If you wade through those documents what you will find out is that when you became a member of the Club,
you ceded to the Club your right to make reservations using those points. This is another key point to understand (and many HGV sales people don't know that.)
In exchange for ceding to the Club your ownership reservation rights, you received the right to use 6500 points annually in the Club in accordance with the Club rules.
That arrangement continues for as long you remain a member of the Club. If you decide you no longer want to be a member of the Club, you can end your Club membership, and the reservation rights for your ownership revert back to you. Also, because Club membership is not transferable except to family members, if you sell or otherwise dispose of your 6500 point ownership interest, the affiliation of that ownership with the Club is terminated.
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If you're with me through all of this, let's look at what happens if you pick up an additional Hawaii Collection ownership package.
- If you buy a resale contract, that contract will not be included in your HGV Club account. Let's say you buy a 10,000 point contract. You will now own 16,500 points in the Hawaii Collection, but your rights to 6500 of those points will have been ceded to the Club and can only be used as a Club member. Meanwhile, you can use the 10,000 point contract as a Hawaii collection owner, but outside the Club. Effectively, it will be like having two separate ownerships.
- Or, you could pull your existing 6500 point contract out of the Club. Then you would be able to use the full 16,500 points as a Hawaii Collection owner. But you would forfeit all of the ability to use those 6500 points at resorts that are not part of the Hawaii Collection, as well as features such as saving unused points and borrowing points from future years. Of course, if you take this option you would no longer be paying the annual Club membership fee.
- If you make another purchase through Hilton, they will add those points to your Club membership, which means that you would be able to use the new total points value in the Club.
Regarding the last point above, when you sit through a sales presentation, and you don't purchase, as a last sales attempt, the sales person will often say that they might have some "resale contracts" in their inventory that might be available. They will wind up offering you a contract at a lower dollar value than what they had just been pitching to you, though it will still be much higher than what you find the same contract for sell in the aftermarket.
