I'm trying to understand the new HGVC change/cancel policy from a user's perspective. Am I correct in believing that...
61+Days - Change your reservation into a real or dummy reservation later in the year - no loss of fees nor points but you have to use the reservation by end of year to avoid loss of reservation fee (and points if not savable).
31-60 Days - You have to cancel your reservation not change it - loss of reservation fee but not points
16-30 Days - Loss of reservation fee and 50% of points
0-15 Days - Loss of reservation fee and 100% of points
61+Days - Change your reservation into a real or dummy reservation later in the year - no loss of fees nor points but you have to use the reservation by end of year to avoid loss of reservation fee (and points if not savable).
31-60 Days - You have to cancel your reservation not change it - loss of reservation fee but not points
16-30 Days - Loss of reservation fee and 50% of points
0-15 Days - Loss of reservation fee and 100% of points