Annual vs. Bi-annual

MikeinSoCal · Aug 25, 2014

Is there any disadvantages to purchasing a bi-annual (7k) vs. an annual (14k)?

Also, if I am a current HGVC owner and if I purchase another HGVC deed, are there any fees that I only pay once? Club dues?

Thanks all!

presley · Aug 25, 2014

I'm not sure if your post is what you are asking. There is a difference between the biennial and annual because you'd get 7K every other year vs. 14K every year. I am wondering if you mean 14K biennial and 7K annual instead.

At any rate, the EOY takes away one of the features of HGVC which is the ability to bank/borrow to take 3 years of points in one year if needed. You would still be able to use 2 years of points with bank/borrow on a biennial account.

You will only pay one club dues per year no matter how many contracts you have. I do get billed twice, but a phone call removes one of the charges for me.

GregT · Aug 25, 2014

For the reason that Presley articulated, I would rather own a 7K Annual versus a 14K EOY.

Either one should be a sufficient number of points, but the Annual will be easier to use.

Best,

Greg

MikeinSoCal · Aug 25, 2014

presley said:
I'm not sure if your post is what you are asking. There is a difference between the biennial and annual because you'd get 7K every other year vs. 14K every year. I am wondering if you mean 14K biennial and 7K annual instead.

Oops. Yes, you're right.

I also didn't realize about the bank/borrow option in which I enjoy the feature with my current HGVC TS.

Thanks!

PassionForTravel · Aug 26, 2014

If you already have an hgvc ts then you are shielded from the biggest problem with a biennial, which is that you run into the case where you are a few credits short of being able to make a reservation. I don't know how many times I've run into planning a reservation and I'm 100 or 200 credits short and I can't borrow them from next year since I don't get credits next year, very frustrating. If you have an annual and add a biennial to it its not such an issue. I will probably end up either picking up an opposite biennial or a small annual at some point to smooth things out.

Ian

chavisc · Wednesday at 9:25 AM

I want to see if I have things clear but I do have one question I'm not sure about related to bi-annual points.
If I own say EVEN of 10,00 points, does the points work for 2 years before having to bank them or do you still have to bank your points before the end of the EVEN year?

So lets say I don't use my points in the EVEN year, can I use them in the ODD year and borrow points from my upcoming EVEN year? I'm guessing I can do that, but would have to bank the original EVEN year points first. Is that correct?

Mongoose · Wednesday at 10:41 AM

chavisc said:
I want to see if I have things clear but I do have one question I'm not sure about related to bi-annual points.
If I own say EVEN of 10,00 points, does the points work for 2 years before having to bank them or do you still have to bank your points before the end of the EVEN year?

So lets say I don't use my points in the EVEN year, can I use them in the ODD year and borrow points from my upcoming EVEN year? I'm guessing I can do that, but would have to bank the original EVEN year points first. Is that correct?

Yes.

letsgobobby · Wednesday at 10:59 AM

if you don't use your points in the even year they are issued, you have to pay to save them into the next odd year

Mongoose · Wednesday at 12:17 PM

letsgobobby said:
if you don't use your points in the even year they are issued, you have to pay to save them into the next odd year

It makes you wonder what % of points expire before ever being used?

Chris-ATX · Friday at 6:56 AM

Are there differences in MF between 7K annual and 14K EOY?

I know when we first started, we did EOY and the MF were not half of what we see with the annual points.

ljmiii · Friday at 7:21 AM

Chris-ATX said:
Are there differences in MF between 7K annual and 14K EOY?

I know when we first started, we did EOY and the MF were not half of what we see with the annual points.

My HGVC EOY deed is the same as the annual but is paid only every other year. As I understand it there are other HGVC resorts that charge half EOY instead (I have a MVC deed that does this).

What might have thrown you is that HGVC Club dues must be paid every year no matter if you own only EOY or not - so you might have been paying HGVC slightly more than half of what an annual deed owner would have paid. It just wouldn't have been the MFs.

GT75 · Friday at 7:43 AM

Chris-ATX said:
Are there differences in MF between 7K annual and 14K EOY?

There will be if you have different resorts/unit types.

Mongoose · Friday at 9:36 AM

Chris-ATX said:
Are there differences in MF between 7K annual and 14K EOY?

I know when we first started, we did EOY and the MF were not half of what we see with the annual points.

Typically not when all things are equal. You do have to pay club dues EY regardless.

letsgobobby · Friday at 11:59 AM

ljmiii said:
My HGVC EOY deed is the same as the annual but is paid only every other year. As I understand it there are other HGVC resorts that charge half EOY instead (I have a MVC deed that does this).

What might have thrown you is that HGVC Club dues must be paid every year no matter if you own only EOY or not - so you might have been paying HGVC slightly more than half of what an annual deed owner would have paid. It just wouldn't have been the MFs.

and that is the drawback to an EOY deed

We don't mind as we have several deeds.

EOY was our first deed because it was so cheap. not unhappy with it. Do have to plan ahead to know when you're borrowing.

yodaDaenerys · Friday at 9:26 PM

Mongoose said:
Yes.

letsgobobby said:
if you don't use your points in the even year they are issued, you have to pay to save them into the next odd year

best to pull them into the prior year free, rather than pay to move them out.

Annual vs. Bi-annual

MikeinSoCal

presley

TUG Review Crew: Expert

GregT

TUG Member

MikeinSoCal

PassionForTravel

TUG Review Crew

chavisc

Mongoose

letsgobobby

Mongoose

Chris-ATX

ljmiii

TUG Review Crew

GT75

TUG Review Crew: Veteran

Mongoose

letsgobobby

yodaDaenerys