WAKEB0ARD
newbie
Let me start out by saying that I feel stupid even asking for help on this....but here goes.
In 2002, on my honeymoon, I purchased a Palace Premier Founding Membership at the Aventura/Spa Palace in Mexico. It is good for 50 weeks. I was given an Imperial Week as part of the deal which we used in 2003. I have since paid off the purchase amount but never used a single week. I also continued to pay my RCI membership fee ($149 every two years) until 2009 and never traded for a RCI week. From what I can tell, you have to submit the week and pay about $400 before you can make a RCI reservation.
My question is...What do I really have here? Does anyone have a similar "timeshare" and what good is it?
I guess I need to see what the "internet rate" for a week is compared to the "preferential rate" on the Palace website. I assume the "preferential rate" is going to be a really good deal...right? What about this $1500 resort credit I have been seeing? Do I get that too if I use one of my weeks?
Can anyone shed some light on this for me?
Thanks....
In 2002, on my honeymoon, I purchased a Palace Premier Founding Membership at the Aventura/Spa Palace in Mexico. It is good for 50 weeks. I was given an Imperial Week as part of the deal which we used in 2003. I have since paid off the purchase amount but never used a single week. I also continued to pay my RCI membership fee ($149 every two years) until 2009 and never traded for a RCI week. From what I can tell, you have to submit the week and pay about $400 before you can make a RCI reservation.
My question is...What do I really have here? Does anyone have a similar "timeshare" and what good is it?
I guess I need to see what the "internet rate" for a week is compared to the "preferential rate" on the Palace website. I assume the "preferential rate" is going to be a really good deal...right? What about this $1500 resort credit I have been seeing? Do I get that too if I use one of my weeks?
Can anyone shed some light on this for me?
Thanks....