I know last year you could use holding account points for resort credit as I did so. I went back to my Points transaction history and confirmed this was the case. My point about the possibility that it might or might not be an option to reserve then cancel and be good through 2021 is that this is subject to change and it likely will change soon. Good to know about the expiration of the resort credit as I did not recall the specifics and couldn't find it on the website. But IIRC, it needs to be designated to a specific stay so I'm not sure one can just generically do this and then use it in a later year, maybe the OP has a 2021 reservation they can tie it to if they have that requirement.Resort credit does need to be used before the points expire.
I was told you can’t buy resort credit with holding account points.
Some of the golf options listed under explorer collection can be used after the points expire- I don’t golf so I didn’t listen well to the details there.
Booking a reservation with points and cancelling inside of 60 days to get points into the holding account with booking 120 days in advance and expiration 12/21 does not have an end date listed on MVC so could be implemented now.
I know last year you could use holding account points for resort credit as I did so. I went back to my Points transaction history and confirmed this was the case. My point about the possibility that it might or might not be an option to reserve then cancel and be good through 2021 is that this is subject to change and it likely will change soon. Good to know about the expiration of the resort credit as I did not recall the specifics and couldn't find it on the website. But IIRC, it needs to be designated to a specific stay so I'm not sure one can just generically do this and then use it in a later year, maybe the OP has a 2021 reservation they can tie it to if they have that requirement.
I was also told (this year) you can't buy resort credits with holding points. There is really no risk with book and cancel. Book today (as my post said within 60 days), cancel today. I did this in March or April and it worked perfectly.
IMO holding account or similar points are about the only time it makes sense to do so. Most of my communication at the time was verbal which is why I was unsure the expiration. The points I used were received by rebooking a stay under 60 days out so they were in a sense extra points and would have expired the end of 2019 anyway. Even when/if it works out, not all resorts allow their usage and all restrict it to some degree. There is a list of which resorts allow it and the options it covers. You can't use it for taxes, parking or resort fees. It's basically targeted for things you might charge to your room that are optional like activities, bars, restaurants, spa's and the like. While I can't confirm it, I'm thinking at Grande Ocean I had the option of getting the dining vouchers that covered the same places as the tour vouchers did but I had to chose which to take. If you go into the MVC account and click on the explorer collection/resort credit, there's a drop down to look at which resorts allow their usage and what options are available (potentially-coved) for the usage. Each resort credit must be activated by the concierge and is use or lose once done so.I was also told via mvc chat this winter that the holding account points couldn't be used for resort credit- I hope that is wrong because it would be a great use for those points.
Thanks, all.
I decided to go with the Book & Cancel option to have the points placed in a holding account.
It was quite straightforward. I found a one-night for 150 points within 60 days. Booked it this morning and requested a cancellation one hour later using online chat. The points showed up in a 120-day holding bucket immediately. Initially it showed them set to expire Dec 2020, but a few hours later I checked back and saw it was changed to Dec 2021.![]()
So $100 resort credit costs $195 in MF at .60 cents per point? I knew it wasn’t a good deal but that borders on outrageous. What am I missing?You would need some extra points, but you can use it for resort credit. I think it is something like 325 points gets you $100.
I agree with Steve's strategy
It's $110 credit but the principles are the same. Applicable only to point that are Use or lose IMO so their not worth the underlying fees for routine points. Points fees vary though, mine are more in the 42¢ per point range.So $100 resort credit costs $195 in MF at .60 cents per point? I knew it wasn’t a good deal but that borders on outrageous. What am I missing?
Just so I am clear. If I have some banked points that expire this year. I can book now, cancel and then they become 2021 restricted points?
Just so I am clear. If I have some banked points that expire this year. I can book now, cancel and then they become 2021 restricted points?
Before we could use/cancel/extend a holding account to 2021, you were missing nothing. It was a terrible value, but let's say that you weren't traveling anymore than year, but had a trip planned for November or December. It's a better use than flushing them down the proverbial toilet.So $100 resort credit costs $195 in MF at .60 cents per point? I knew it wasn’t a good deal but that borders on outrageous. What am I missing?
Enrolled owners who don't pay .60/point but may have extra points banked points at end of the year.So $100 resort credit costs $195 in MF at .60 cents per point? I knew it wasn’t a good deal but that borders on outrageous. What am I missing?