Please verify my understanding of trienniel points program

[Drfos]

OK...we have owned a timeshare at Island Links Coral Resports since 2006. We have never used it. We get 21,333 points every year. It takes over 60,000 points to rent our 3 bedroom unit. As I understand it, after the first two years in our RCI program, 21,333 of our points expire each year. Therefore we NEVER have enough points to rent our unit unless we purchase more, borrow from next year or perhaps drop down to a 2 bedroom unit. Am I correct in my thinking as to how this system operates???

And is this the type of timeshare that would typically be in very low demand, i.e., difficult to sell (would need to be a "giveaway"?

 

[ronparise]

I may be the wrong guy to answer this but I own an every 3 years week at another resort that was until recently part of the rci points program I got 24000 points a year so our situations were nearly the same..I wasnt using my points either...heres what Im doing about it

First of all you can use your deeded week. Forget the points and use the week. To trade back into your own unit would in my mind be a waste. You already pay a maintenance fee, adding exchange fees on top of that seems to me to be a waste

I think the reason you would buy into the points program is to give you the opportunity to visit other resorts in other locations at other times than your deeded week. I would guess that most points owners use their points for exchanging. I bought into the points program to take advantage of last minute reservations where you can get a week for 7500 to 9000 points I figured I could get 2-3 weeks a year for my 24000 points. Also RCI points offers nightly stays. I thought I might use my points to reserve a night or two on road trips, instead of a motel

In the end I didnt use my points either...I gave away my accumulated points and I closed my points account. I let my week revert back to RCIs weeks program... In the weeks program, if you deposit early you get a set number of trading power units (TPU). which are good for several years. As you get closer to your desired check in date the number of tpu it takes to reserve a unit goes down...so you can trade back into your own resort or another resort for less than the amount of the deposit...In my case there always seems to be availability at the last minute. It looks like I can get 3 weeks out of my single deposit...

There are others here that love the points program...Im sure someone will chime in and explain how to use what you have to the fullest...But as I said...I dropped out

To answer your question about value..I bought my week $14 and it came with an RCI account paid for a year and 74000 points included. The seller paid all the closing costs and the resorts transfer fee...So yes mine was a givaway...yours probably is too

 

[tschwa2]

To use a triennial at your home resort during your home float period (or fixed) you would need to call up the resort to reserve your unit at least a year before you wanted to stay. That way your unit would be reserved and they would not issue you points for the next 3 years. If you want to stay in an other resort that costs about the same you would need to bank you first years and borrow your third years by booking during the second year of your 3 year period. It does become a little complicated. Or each year you could book some last minute or low demand weeks throughout the system.

Your ownership is not worth very much not because of the triennial but because you don't own during high season. This combined with the fact that you have to pay for an RCI points account yearly makes your ownership fairly expensive.

Your best value would be to try to plan ahead and visit Hilton Head during your float period once every three years and drop the RCI membership. You would still be able to exchange with SFX or one of the other independent exchange companies that don't charge for membership.

 

[AwayWeGo]

Can't Rent Out RCI Points Reservations, Even For Your Own Unit.

As I understand it, after the first two years in our RCI program, 21,333 of our points expire each year. Therefore we NEVER have enough points to rent our unit unless we purchase more, borrow from next year or perhaps drop down to a 2 bedroom unit. Am I correct in my thinking as to how this system operates?

Any time you're using your own RCI points to reserve your own timeshare unit, you're doing it through RCI as an RCI exchange -- i.e., exchange back into your own resort -- & renting out any exchange reservations is against RCI rules.

It sounds like a Catch-22, but it isn't really.

To reserve your own deeded unit, for personal use or to rent out mox nix, it's simpler & cheaper to bypass the points folderol for that particular use cyle -- i.e., skip the points & take the unit. That's done by letting the resort know ahead of time that you'll be using your unit yourself instead of taking the points.

If you do that, be sure to let'm know that's what you plan well ahead of the date when the points get added to your RCI Points account.

-- Alan Cole, McLean (Fairfax County), Virginia, USA.​

 

[ronparise]

Any time you're using your own RCI points to reserve your own timeshare unit, you're doing it through RCI as an RCI exchange -- i.e., exchange back into your own resort -- & renting out any exchange reservations is against RCI rules.

It sounds like a Catch-22, but it isn't really.

To reserve your own deeded unit, for personal use or to rent out mox nix, it's simpler & cheaper to bypass the points folderol for that particular use cyle -- i.e., skip the points & take the unit. That's done by letting the resort know ahead of time that you'll be using your unit yourself instead of taking the points.

If you do that, be sure to let'm know that's what you plan well ahead of the date when the points get added to your RCI Points account.

-- Alan Cole, McLean (Fairfax County), Virginia, USA.​

Alan

I dont think the op intends to rent the unit....I think they were talking about using it themselves....I know they used the word "rent" but I think they meant "exchange into" or "reserve"

 

[AwayWeGo]

My Heart Is In The Right Place Even If My Head Isn't.

I dont think the op intends to rent the unit....I think they were talking about using it themselves....I know they used the word "rent" but I think they meant "exchange into" or "reserve"

Good catch.

I leapt to the unwarrantable assumption that OP was typing about renting out the triennial unit. My bad.

I try to be consistent in using the word "rent" when I am paying somebody else for the use of the other person's timeshare, & in using the phrase "rent out" when somebody else is paying me money for the use of my timeshare. Otherwise, "rent" can be semi-ambiguous.

-- Alan Cole, McLean (Fairfax County), Virginia, USA.​

 

[Drfos]

Sell points/Keep TS?

You have all been amazingly helpful. I am new to this website and am learning much...my newest question relates to what was advised in a response to my last post. We are in the RCI points exchange program. Do we pay to be part of that? Or did we when we first bought in? Or is it inherent in the deal? Also, one of the responses I got was to seperate the deeded TS from the points; in other words, to just USE our week and forget about trying to get together enough points (we on a Trienniel points system) to trade for a different resort. Does that sound like I have a proper understanding of this option? Is it a good idea? Thanks so much--

 

[ronparise]

If you are in the RCI points system you are paying an annual membership fee and I think you have clearly ststed 2 of the choices you have

and to sumarize whats in the above posts, you will recieve 1/3 of your points allocation each year, You can use them as you get them to make reservations each year, or you can carry a year or borrow future years points to make a more expensive reservation (and you will pay an rci exchange fee each time you make a reservation) Or you can use your own deeded week (no exchange fee but you will still pay your membership fee)

You could opt out of rci altogether and just use your own week..(no rci fees)

Or you could drop the points membership and go to the RCI weeks program..(you still will have a membership fee and exchange fees)


What you choose to do will depend on your needs and how close the various options come to meeting them

 

[Fin's]

trienniel

I am looking at a timeshare deeded as triennial. the seller says it receives its points every year. The maintenance fees seem to be 2.5/1000. it just doesn't mathematically equate to me. other people are on it, but I'm skeptical. Any thoughts on how this can be?

 

[tschwa2]

I don't think Wyndham does triennials. It's mostly RCI points. RCI points are usually described in pennies (or a portion of) per point not in per 1000. Biennials often get points on use year. Since you can only save or advance points 1 extra year, triennials often divide the total points and then distribute 1/3 per year.

What resort are you looking at?