[2015 Thread] Wyndham VIP and Resale

[am1]

Unless they end up with exactly 1,000,000 VIP eligible points, they would actually be getting an additional 20 guest confirmations, not 5. At 1,001,000 points, you get 30 guest confirmations. So 20 guest confirmations per year, if you use them, is worth $2,000 a year.

And that is where the deal has merit.

Also the difference between platinum and gold at a million points is more than 150 000 points. The Platinum turns it into 2 million where gold is just over 1.5 million.

 

[ronparise]

And that is where the deal has merit.

Also the difference between platinum and gold at a million points is more than 150 000 points. The Platinum turns it into 2 million where gold is just over 1.5 million.

My math is off, but the point is the same. The purchase can make sense but only if the op pushes the account to the fullest.

20 additional guest confirms are worth $2000 to me, but with only a million or so points the op will have trouble using them all, which makes them worthless.

Regarding the the value of a 50% discount vs 35%; unless the op is already doing the cancel rebook and upgrade trick all the time, Platinum wont save him much, if anything.

Unless we have another megarenter in training, I would keep the $20000 and enjoy the Gold benefits.

 

[raygo123]

I would not trust them with a 205 ft pole with a cattle prode on the end seeing is beleiving make sure of two things I price per 1000 between $130 and 150 and u end up with one contract for 1 million points pay no more than 16000 plus cloaing

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[am1]

My math is off, but the point is the same. The purchase can make sense but only if the op pushes the account to the fullest.

20 additional guest confirms are worth $2000 to me, but with only a million or so points the op will have trouble using them all, which makes them worthless.

Regarding the the value of a 50% discount vs 35%; unless the op is already doing the cancel rebook and upgrade trick all the time, Platinum wont save him much, if anything.

Unless we have another megarenter in training, I would keep the $20000 and enjoy the Gold benefits.

Right it all depends on how one uses their account. But the jump from gold to platinum can be a good one. The OP and others have the correct numbers.

 

[bnoble]

unless the op is already doing the cancel rebook and upgrade trick all the time

Even if this is true, I'm not sure I would plan a major purchase around the continued success of cancel-rebook, based on what folks have been reporting.

 

[Bigrob]

Even if this is true, I'm not sure I would plan a major purchase around the continued success of cancel-rebook, based on what folks have been reporting.

This is an excellent point. Past performance is no guarantee of future results. VIP benefits can be diluted or changed at will.

 

[regatta333]

I think what Adam is saying is that if he negotiates it as an "upgrade" - for example, they take in the current points and roll it along with the additional new developer points into a larger CWA deed for example - they will all count as developer points. The problem is, I don't believe they'll do this (called an equity swap or some such) with points that were acquired on the resale market.

However, times are a'changing, as we've seen with Ovation and current Wyndham resale prices, so perhaps this is being quietly test-marketed in a couple of locations.

Does Wyndham even do equity swaps for anything other than CWA anymore? I got a call from Wyndham a few weeks ago saying the VIP levels would be increasing and this would be my last to upgrade my membership before the levels increased. I have 4 contracts grandfathered gold at 588k points and another two resale that get me to 868 K. I told him I would be interested if I could do an equity swap for a resort with a low maintenance fee. He offered to replace two of my gold contracts with CWA. I told him the CWA maintenance fees were not low enough, but that was all he kept coming back to.

He would not do anything with the two resale contracts, but insisted that with a 142k "new" purchase of CWA, they would be counted towards getting me to VIP platinum. I was very skeptical that this would work; otherwise why would they not be eligible to swap for CWA? Anyway, the conversation deteriorated as he kept insisting he had met my criteria for upgrading my account and kept trying to walk me through the numbers. I told him I would need a few weeks to talk it over with my husband and decide. He said the deal would only be available until the next day and I said so be it.

I am not sure if I will get a different result by trying to contact Corporate Sales. Has anyone done that lately?

 

[Sandy VDH]

Ensure that it is written that you are Permanent Platinum and state actual point values and which contracts are considered developer purchases. If they won't include that then NO. You could hand write it on the contract and have them sign and date the additional text.

 

[Braindead]

Does Wyndham even do equity swaps for anything other than CWA anymore? I got a call from Wyndham a few weeks ago saying the VIP levels would be increasing and this would be my last to upgrade my membership before the levels increased. I have 4 contracts grandfathered gold at 588k points and another two resale that get me to 868 K. I told him I would be interested if I could do an equity swap for a resort with a low maintenance fee. He offered to replace two of my gold contracts with CWA. I told him the CWA maintenance fees were not low enough, but that was all he kept coming back to.

He would not do anything with the two resale contracts, but insisted that with a 142k "new" purchase of CWA, they would be counted towards getting me to VIP platinum. I was very skeptical that this would work; otherwise why would they not be eligible to swap for CWA? Anyway, the conversation deteriorated as he kept insisting he had met my criteria for upgrading my account and kept trying to walk me through the numbers. I told him I would need a few weeks to talk it over with my husband and decide. He said the deal would only be available until the next day and I said so be it.

I am not sure if I will get a different result by trying to contact Corporate Sales. Has anyone done that lately?

Assuming telesales called you, the answer is yes they will only trade you into a CWA contract.
If you go to a sales site they can do a equity trade into a deeded contract or a CWA contract.
Make sure you look closely at the cost of an equity trade.

Personally I would do my negotiating looking at the cost of buying a separate contract first.
Then look at an equity trade deal into one contract for the same price.

 

[chapjim]

My math is off, but the point is the same. The purchase can make sense but only if the op pushes the account to the fullest.

20 additional guest confirms are worth $2000 to me, but with only a million or so points the op will have trouble using them all, which makes them worthless.

Regarding the the value of a 50% discount vs 35%; unless the op is already doing the cancel rebook and upgrade trick all the time, Platinum wont save him much, if anything.

Unless we have another megarenter in training, I would keep the $20000 and enjoy the Gold benefits.

He'd have to do a lot of weekend rentals to use that many GCs with one million points.

 

[bobinmich]

I think what Adam is saying is that if he negotiates it as an "upgrade" - for example, they take in the current points and roll it along with the additional new developer points into a larger CWA deed for example - they will all count as developer points. The problem is, I don't believe they'll do this (called an equity swap or some such) with points that were acquired on the resale market.

However, times are a'changing, as we've seen with Ovation and current Wyndham resale prices, so perhaps this is being quietly test-marketed in a couple of locations.

This would be WONDERFUL and put a lot of resale buyers into the market for VIP levels.

 

[Richelle]

This would be WONDERFUL and put a lot of resale buyers into the market for VIP levels.

Agreed. I’d be all over that. I’d buy 105,000 points if it made my 800,000 eligible towards VIP. I would actually consider doing CWA for that. That would more then put me in founders status. Alas, I doubt it will happen. It would be a big boost in sales though. Might tick off more then a few VIPs who paid six figures for VIP though.

 

[Bigrob]

FYI you are commenting on a thread from 2015. So much has changed that the responses you are quoting and responding to are no longer valid due to these many changes.


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