Went to a presentation today while staying at Marriott Mountainside. Incentive I took was 20,000 reward points. Presentation started with how great the point system was and how bad II was. According to the salesperson only 10% of owners are using II now. Mentioned a lot of new resorts New York, Washington DC. San Diego, Hawaii, Australia, Bali, and an island off of Hong Kong. He mentioned by the end of the year there would be 65 resorts in the system.
Point purchases started at 4,500 points, then 3,500 then 2,000, then 1,500 and the lowest purchase was 1,000 points. Points were 12.00+ and going up next month. Mtc fee 50 cents a point. For 1,500 points and above there was a discount off the $12.00 per point plus double your purchase in bonus points. 1,500 points were $19,000+. All purchases would include free enrollment of my weeks, which would cost $2,395. Declined to purchase.
I currently own a Silver Season Summit Watch worth 1,400 points and EOY Kauai Beach Club worth 3,375 points. The Kauai Beach Club unit was bought resale, but before the cut off date.
The person came in to offer the vacation package. 4 nights for $1,195 including 50,000 Marriott reward points and first declined. When we declined the closer said, "Oh I see your weeks are not enrolled, we can include free enrollment if you purchase the vacation package. So we decided to enroll. Figured over the next couple years will save a couple hundred in II fees as we always lock off and do 2 trades.
Now that we are enrolled, I was wondering if I an eligible to rent points from owners. What is the going rental rate? I have 2 weeks deposited in II now so I guess I will still have to use II to trade those weeks? I received a confirmation email my weeks are enrolled. Is there a website to go to? Any hints on scheduling? Is there any reason I should buy more points at this time?
Any hints on using the system would be appreciated.
Thanks
Point purchases started at 4,500 points, then 3,500 then 2,000, then 1,500 and the lowest purchase was 1,000 points. Points were 12.00+ and going up next month. Mtc fee 50 cents a point. For 1,500 points and above there was a discount off the $12.00 per point plus double your purchase in bonus points. 1,500 points were $19,000+. All purchases would include free enrollment of my weeks, which would cost $2,395. Declined to purchase.
I currently own a Silver Season Summit Watch worth 1,400 points and EOY Kauai Beach Club worth 3,375 points. The Kauai Beach Club unit was bought resale, but before the cut off date.
The person came in to offer the vacation package. 4 nights for $1,195 including 50,000 Marriott reward points and first declined. When we declined the closer said, "Oh I see your weeks are not enrolled, we can include free enrollment if you purchase the vacation package. So we decided to enroll. Figured over the next couple years will save a couple hundred in II fees as we always lock off and do 2 trades.
Now that we are enrolled, I was wondering if I an eligible to rent points from owners. What is the going rental rate? I have 2 weeks deposited in II now so I guess I will still have to use II to trade those weeks? I received a confirmation email my weeks are enrolled. Is there a website to go to? Any hints on scheduling? Is there any reason I should buy more points at this time?
Any hints on using the system would be appreciated.
Thanks