Should I keep my Parents' paid for VIP Points?

[Jethro37]

Hello Friends,

Due in large part to the TUG community, we are resale only owners with some low maintenance fee points ~500K from bali hai / Canterbury.

Clued parents into the Tug approach and they got a bali Hai resale contracts ~230K and later paid cash for ~550K in CWA developer points.

They're not utilizing their points quite as well and are considering passing the account along to family to take over or else ending relationship with Wyndham to get out of maintenance fee obligations.

Presently we're able to offset our fees by renting some stays to friends and family and utilizing the rest. It's a bit more difficult to offset maintenance fees on the CWA rates and it's a bigger lift to pay them. We also don't have a lot of time remaining in our own schedule at this stage in life to use the VIP points.

Their account is separate which allows a couple extra owner priority reservations, but would there be a risk of accounts being merged at some point if we were listed owners on both accounts? Also, will CWA maintenance fees come down any with the closing of several resorts (recent sales presentation said that was a factor in the decision) or will Wyndham just get higher profits at the cost of owners?

My thought would be to give it a try before walking away but thought I'd check with the TUG community for thoughts on the continuation of paid off developer points.

 

[geist1223]

I wonder but do not know if you own a variety of Wyndham Products/Contracts and you default on some but not all - Does Wyndham lock you out of everything?

 

[bnoble]

Given that you already cannot use all the points you own, I think you have two choices.

One: allow their account to lapse or be handed to someone else.
Two: divest yourself of your current account, and then take over theirs.

The big question is whether Silver VIP is worth the extra cost in annual fees vs. your resale Bali Hai account. My gut is that it might not be, but that's without any analysis. What is the percentage increase in annual fees on a per-K basis to go from your Bali Hai account to CWA? Because that's what you are paying to obtain VIP.

 

[rickandcindy23]

Wyndham changes policies based on absolutely no written policies, it's just at the whim of the person who answers the phone or email.

For example. long ago, we moved our deeds to make two accounts, since we originally had four accounts. We were able to do it over the phone, names on each deed didn't matter. Now that we have only two accounts, and we have a small number of contracts in each, Wyndham says, "The deeds are slightly different with middle initials for some owners, so we cannot combine these last few you own into one account." Why? That's ridiculous.

Another example:
Wyndham has no written policies for renting but every person who works at Wyndham has their own interpretation for the supposed policy.

Another example:
Transfers in or out of the account do not have a policy for the current year's points. Sometimes they say the last half of the year, the new owner won't get the points, but we had points transfer on 11/27 to new owners, putting us in the hole.

Wyndham basically has no official policies on anything.

 

[Jethro37]

Given that you already cannot use all the points you own, I think you have two choices.

One: allow their account to lapse or be handed to someone else.
Two: divest yourself of your current account, and then take over theirs.

The big question is whether Silver VIP is worth the extra cost in annual fees vs. your resale Bali Hai account. My gut is that it might not be, but that's without any analysis. What is the percentage increase in annual fees on a per-K basis to go from your Bali Hai account to CWA? Because that's what you are paying to obtain VIP.

they would go up ~50% per K when blending in the Bali Hai Resale... CWA is pretty awful compared to low cost resorts.

Would it be possible to put the VIP/developer resorts through ovations process and keep the bali hai? Might make sense to keep costs down and retain some value.

 

[Jethro37]

Wyndham changes policies based on absolutely no written policies, it's just at the whim of the person who answers the phone or email.

For example. long ago, we moved our deeds to make two accounts, since we originally had four accounts. We were able to do it over the phone, names on each deed didn't matter. Now that we have only two accounts, and we have a small number of contracts in each, Wyndham says, "The deeds are slightly different with middle initials for some owners, so we cannot combine these last few you own into one account." Why? That's ridiculous.

Another example:
Wyndham has no written policies for renting but every person who works at Wyndham has their own interpretation for the supposed policy.

Another example:
Transfers in or out of the account do not have a policy for the current year's points. Sometimes they say the last half of the year, the new owner won't get the points, but we had points transfer on 11/27 to new owners, putting us in the hole.

Wyndham basically has no official policies on anything.

Are those developer points or something? Seems like split accounts is more beneficial now if you need to book reservations for friends and family during peak times.

 

[Floridaman76]

Is it silver VIP with unlimited housekeeping?

 

[bnoble]

Would it be possible to put the VIP/developer resorts through ovations process and keep the bali hai? Might make sense to keep costs down and retain some value.

Maybe. But you don’t need more points, and I would not take on more given Wyndham’s overall stance on renting.