• The TUGBBS forums are completely free and open to the public and exist as the absolute best place for owners to get help and advice about their timeshares for more than 29 years!

    Join Tens of Thousands of other Owners just like you here to get any and all Timeshare questions answered!
  • TUG has a YouTube Channel to produce weekly short informative videos on popular Timeshare topics!

    Come check it out for a chance to win a Free TUG membership (or renewal) just for helping out!

    Read more here
  • TUG has now saved timeshare owners more than $19,000,000 dollars just by finding us in time to rescind a new Timeshare purchase! A truly incredible milestone!

    Read more here: TUG saves owners more than $19 Million dollars
  • Our 2022 Timeshare Survey is now complete and the full results as well as our expert and witty analysis of each question is available here: Here We hope you enjoy reading the results as much as we did!
  • Follow the TUG Member Banner as it travels the world on vacation with Timeshare owners! Also sign up to get the banner sent to you so you can submit a photo of your vacation with the banner to share with TUG! Banner Thread
  • Sign up to get the TUG Newsletter for free! 50,000+ subscribers! Latest resort reviews and the most important topics discussed by owners during the week!
  • Our official "end my sales presentation early" T-shirts are available again! Also come with the option for a free membership extension with purchase to offset the cost!

    Read more Here
  • A few of the most common links here on the forums for newbies and guests!

RCI 63,000 point package vs Worldmark 6000 package?

travelhome

TUG Member
Joined
Oct 16, 2007
Messages
183
Reaction score
0
Points
226
Location
SF bay area
I saw people recommend a RCI point leasing package. I'm a newbie so do not currently own any TS to take advantage of PFD.
http://www.timeshareforums.com/forums/classifieds/viewad-192.html

Looking at the following two packages

1) worldmark 6000 account for about $3000 initial cost
plus $450 MTF + opportunity cost of 6% at $180/yr
so total $630 / year

and

2) a RCI 3 year lease for 63,000 RCI points with initial cost of $622
plus $573 MTF + opportunity cost 6% at 40/yr
so total $613 / year

I intend to use worldmark do flexchange with II. So both programs would incur either II or RCI membership cost and per exchange cost, so I didn't count that in.

The worldmark credit is dropping its value fast. So after 3 years (same as leasing period), if credit value is 0.4c/pt vs. 0.5c/pt now, it is $600 out, about the same as the initial cost of the RCI point package.

So comparing a 6000 worldmark account and a 63,000 RCI account, which one would give better vacation experience in 3 year period of time?

Thanks a lot for your help!

Tiff
 

aliikai2

TUG Review Crew: Veteran
TUG Member
Joined
Jun 6, 2005
Messages
2,121
Reaction score
3
Points
398
Location
Yuma Arizona
iirc WM costs

To use WM for II flex change or last minute RCI trades, I believe is 4000 points, so an annual 6k will give you 1 and 1/2 trips per year with 2 exchange fees.

Now, 63k in RCI points used within the 45 day window will give you 7 week long vacations per year. Of course there will be 7 exchange fees added on to your total, but $573 plus $1148=1721 divided by 7= $245.86 per weeks vacation.

Looks like the low cost of entry and low annual fee RCI points package wins this one hands down.:clap:


jmho,

Greg


I saw people recommend a RCI point leasing package. I'm a newbie so do not currently own any TS to take advantage of PFD.
http://www.timeshareforums.com/forums/classifieds/viewad-192.html

Looking at the following two packages

1) worldmark 6000 account for about $3000 initial cost
plus $450 MTF + opportunity cost of 6% at $180/yr
so total $630 / year

and

2) a RCI 3 year lease for 63,000 RCI points with initial cost of $622
plus $573 MTF + opportunity cost 6% at 40/yr
so total $613 / year

I intend to use worldmark do flexchange with II.
So both programs would incur either II or RCI membership cost and per exchange cost, so I didn't count that in.

The worldmark credit is dropping its value fast. So after 3 years (same as leasing period), if credit value is 0.4c/pt vs. 0.5c/pt now, it is $600 out, about the same as the initial cost of the RCI point package.

So comparing a 6000 worldmark account and a 63,000 RCI account, which one would give better vacation experience in 3 year period of time?

Thanks a lot for your help!

Tiff
 

rickandcindy23

TUG Review Crew: Elite
TUG Member
Joined
Jun 6, 2005
Messages
28,005
Reaction score
6,373
Points
1,049
Location
The Centennial State
Resorts Owned
Wyndham Platinum Founders(cough,gag). RCI, Shell, and WorldMark points. Disney's OKW and SSR pts; Marriott's Willow Ridge (4);Val Chatelle (7); Hono Koa (3); SBP lots and lots, SDO a few; Grand Palms (selling those). WKORV-OF (2).

Bill4728

Moderator
Joined
Jun 6, 2005
Messages
10,846
Reaction score
423
Points
869
Location
Lake Tapps, WA
The big difference between the two is with WM you could reserve the week you want in Palm Springs 10 months in advance with your WM points at the WM resort( allowing you to arrange for cheap airfare, time off from work ect) . Then at 59 days, cancel your WM reservation and grab a flexchange II exchange into the Westin or Marriott in Palm Desert. Saving you a ton of WM points.

With RCI points, you'd have to wait till 45 days before travel time, pay last minute airfares ect, and still not be sure you'd be able to snag a low point last minute vacation.


PLUS, with WM even though the price of points seems to be dropping, your 6000 WM points in 3 years would still be worth a significant amount and still have a pretty easy resale option.
 

thetimeshareguy

TUG Member
Joined
Jul 19, 2005
Messages
264
Reaction score
5
Points
378
Location
Toronto, Ontario
Using RCI points that I lease through the Club Trinidad deal I just booked a one-week November holiday at Club Intrawest’s Palm Desert resort (RCI resort #6413), which is affiliated with both the RCI and Interval systems, with Gold Crown/5-Star ratings and excellent reviews. (Visit www.clubintrawest.com to view pictures and “virtual tours” of the rooms and facilities.) This is about as nice a resort as you could ever visit, and – at 43,000 RCI points – cost me only about $250 for the week, using the leased points strategy. :banana:

This way of doing things works!
 

thetimeshareguy

TUG Member
Joined
Jul 19, 2005
Messages
264
Reaction score
5
Points
378
Location
Toronto, Ontario
I received a PM that pointed out I should have included the RCI 7-day points transaction fee ($124). The more accurate cost I should have stated above is more like $300 in leased points plus the transaction fee.

It looks something like this:

104,000 RCI points leased for $750/year = .007 cents per point

43,000 points x .007 = $301

$301 + 124 transaction fee = Total $425

I have not included the approximate $500 in fees to get started in the leasing program. Any way you look at it, this is a great strategy.
 

travelhome

TUG Member
Joined
Oct 16, 2007
Messages
183
Reaction score
0
Points
226
Location
SF bay area
with points, one should be able to see everything?

Is it true that as long as you put up with enough points, you should be able to see everything available since there is no trading power per say? Right?

If this is the case, as long as you can acquire points at very low cost, you can go anywhere you want at any time, as long as there is sth in the system for exchange.
 

BocaBum99

TUG Member
Joined
Jun 7, 2005
Messages
6,651
Reaction score
3
Points
323
Location
Boca Raton, FL
Is it true that as long as you put up with enough points, you should be able to see everything available since there is no trading power per say? Right?

If this is the case, as long as you can acquire points at very low cost, you can go anywhere you want at any time, as long as there is sth in the system for exchange.
You definitely cannot see all the RCI inventory with RCI Points. At a minimum, you cannot see RCI weeks inventory at RCI Points resorts. Also, I believe that the VEP score for RCI Points screens out some weeks. I believe RCI Points can see all RCI Points inventory, but I haven't verified that fact.

I believe the WorldMark can see all RCI inventory. But, I haven't verified that yet either.
 
Top