Biennial Year contracts
Jason,
When I purchased my Wyndham Points, the purchase involved three e-bay Auctions that ended up putting 469,000 points into my Wyndham Account.
The first two Auctions involved a January - December Use Year and provided a total of 364,000 points. But their were three underlying contracts.
The last Auction was for a straight forward 105K every year contract with a April - March Use Year that overlaps my January - December Use Year. That particular contract was purchased to provide additional flexiblity that is fully explained in Article X.
The first Auction was a straight forward 154K every year contract.
The second Auction, which is the Auction being discussed, involved 210,000 points every year; but their were two separate underlying contracts. One of the two contracts was for 105K every even year and one contract was for 105K every odd year. The two 105k biennial contracts when viewed together provide 210,000 points every year. That particular Auction purchase was a good purchase for me because it involved just
one closing fee and two transfer fees. When I eventually divest myself of the 210,000 points I can more easily complete a sale by offering them as a package or separately.
I chose to have as much flexibility as possible when making my overall purchase decision.
Gordon (DrBopp),
Welcome to the Wyndham Forums here on TUG and for your kind remarks about the NEW Wyndham Points Articles. I hope you enjoy your points and come back again and again to the Articles and to this Forum to fully maximize your ownership. Immediately below I am quoting a sentence from your original post above.
In Lesson X, you made the statement that buying 105k Biennial Points effectively gave you 210K points each year.
To the best of my knowledge I did not make the exact statement that you have attributed to me. I did, however, say:
Notice that two of the contracts are biennial with one being every even year and one being every odd year. The effect of the two together is to give me 210,000 points every year.
When you read the two sentences in context (within Article X immediately below Illustration # 1), you will notice that I was referring to Illustration # 1.
Illustration # 1 permits you to see my Biennial Year contracts. The 105,000 EVEN Year Contract and the 105,000 ODD Year Contract are displayed the way Wyndham displays the contracts on the Wyndham website. While viewing the two [contracts] together you should see the intended emphasis.
The two contracts when viewed together total 210,000 points every year.