VI is a points system, RAVC is a weeks system
Both have some interesting benefits, like being able to internally bank for 3 years.
VI calls this a timebank, where your points go in the top and fall out the bottom into the current use year in 3 years.( effectively allowing your 4 years to use them)
RAVC allows you to carry over a week for 3 years, and at the end of the 3rd year, the week is lost.
The annual fee for a 1 bedroom RAVC is currently
$495, regardless of which resort or season.
With VI you can book a 1 bedroom for 77 points for a week in low season ( in Hawaii this is May 1st -June 30th, September 1st to November 15th.)
This allows you to get a 1 bedroom unit for only
$507.43 for this low season.
$599.69 for mid season, and
$691.95 for prime season.
These figures include the special assessment of $1.05 per point.
VI has 26 resorts with 10 in Hawaii, a nightly exchange program with WM, and an owners exchange where you can deposit a non VI week for points, or exchange into one using your points.
VI also has the flexibility to use a studio to a 2 bedroom unit in most locations, where RAVC is just a 1 bedroom or 2 bedroom, depending upon what you own.
RAVC will only allow you to have one reservation in Hawaii at any one time, for example you booked a week in July of 2007 in Honolulu for your parents, you can't book another week in Hawaii until after the July 2007 week, you can book you week up to 2 years in advance in Hawaii, 12 months in the other resorts.
RAVC has 7 resorts with 3 in Hawaii.
Both systems are easy to use, once you figure them out. We like both.
fwiw,

Greg
mlpmd56 said:
I am wondering how easy it is to use VI points. Often these are seen on ebay and go for fairly inexpensive....and usually have "banked" points as well. I also sometimes see Royal ALoha points. Has anyone experience with these that they can share? I must admit I am spoiled as I own at the Maui Schooner and owners can schedule 18 months ahead of time there, so I always get what I want. Reading and hearing about other peoples' nightmares with exchanges and inability to get what they want makes me gun shy. Having once tried to use a banked week with II that was a total headache also makes me take pause. However, Points Systems do seem to have great advantages for flexibility, etc.... Any information would be greatly appreciated. Thank you.