RCI Points cancellation policy?

[JudyS]

OK, I just did something dumb! I just Confirmed several weeks in RCI Points when I meant to Hold them. If I call RCI tomorrow, do you think they will let me cancel the weeks and get my Points & exchange fee back?

If not, can someone refresh my memory on the current RCI Points cancellation policy? If I cancel more than 120 days out, all I lose is my exchange fee -- is that right?

This is what I get for posting on two different forums, talking on the phone, and booking timeshare exchanges all at the same time! I think finding some desirable exchanges in RCI Points made me a little overexcited! I seriously need an intervention for my timeshare addiction!

 

[caribbean]

Judy-

I think you have 24 hours to cancel with no charges. So call ASAP.

 

[JudyS]

Patty, you are correct! I had until close of business (11 pm Eastern) today to cancel without a penalty. :whoopie: (Of course, now I have to make sure my points & exchange fee are credited properly back to their appropriate accounts, but at least I'm entitled to a full refund.)

So, I felt like I made a big goof (well, not THAT big a goof, but a $139 goof.) However, it turned out to be OK.

I also was able to verify that if you cancel an RCI Points reservation more than 120 days out, you do not lose any points -- only the exchange fee. That actually seems like a reasonably policy to me.

 

[caribbean]

In fact if you cancel greater than 120 days, not only do you get your points back, but you get a portion of the exchage fee back. Not positive on the amount, but I think I got about $60 back on an international exchange in the weeks reservation side.

 

[ahmo]

No refund for RCI Points cancellation.

Cancellations

RCI Points Cancellation Transaction fee non-refundable

RCI Weeks Cancellation
Greater than 60 days $109 USD forfeited
Less than 61 days Entire exchange fee forfeited

http://www.rci.com/RCI/RCIW/RCIW_index?body=RCIW_KBResultExpanded&type=faq&id=1041