StarOption Rollover Question

jay31 · May 19, 2016

If I have unused 2016 staroptions and sell the property, but I still have another starwood Vacation Ownership at a different property under the same account, can I carry over the 2016 options for the one i'm selling?

Example

Own
Hawaii -148k
Cancun -148k

Sell Hawaii, carry over the 2016 148k for Hawaii to 2017? Does that work?

DeniseM · May 19, 2016

Yes, if they are both in the same VSE/Starwood Acct.

But, you should roll the Staroptions over immediately, before you do the transfer to the new owner.

-Make sure your contract and deed stipulate that new ownership starts in 2017.

jay31 · May 19, 2016

Thanks, can options be Banked online? Or do you have to call in to do that?

DeniseM · May 19, 2016

jay31 said:
Thanks, can options be Banked online? Or do you have to call in to do that?

You have to call, because you have to pay. (Unless you have 5 Star Elite Status and can roll-over for free.)

5* Elite Owners: No charge.
3* and 4* Elite Owners: $79
All other (non-Elite) Owners: $99

jay31 · May 19, 2016

Hey what happens if you don't do it right away? Will you just lose the 2016 points or would they transfer to the new owner?

DeniseM · May 19, 2016

jay31 said:
Hey what happens if you don't do it right away? Will you just lose the 2016 points or would they transfer to the new owner?

It's hard to say, but if it is after the roll-over deadline, you would just lose them:

Non-Elite SVN members can request SO Banking no later than July 1
3* and 4* Elite members may request SO Banking through October 1
5* Elite members may request SO Banking through December 31

We often see situations where someone buys a VSE timeshare, and then are surprised to receive Staroptions in their account, that they didn't expect to get. So, it's best not to leave the door open for anything to happen to them.

There is no advantage to holding onto them longer.

jay31 · May 19, 2016

Thanks for all the advice and help

DeniseM · May 19, 2016

Were you thinking about using them in 2016?

jay31 · May 20, 2016

yeah we didn't know if they would get used in 2016, and are worried with them being sold they might disappear, probably be better to play it safe and bank them for 2017.

Here is a follow up question, if they do become banked for 2017, do I have to wait till January 1, 2017 to book something? or can I book at the 8 month out window? And i'm fine paying the 2017 MF fees now if it gives an 8 month window to book.

SandyPGravel · May 20, 2016

jay31 said:
yeah we didn't know if they would get used in 2016, and are worried with them being sold they might disappear, probably be better to play it safe and bank them for 2017.

Here is a follow up question, if they do become banked for 2017, do I have to wait till January 1, 2017 to book something? or can I book at the 8 month out window? And i'm fine paying the 2017 MF fees now if it gives an 8 month window to book.

Once they are banked you can use them to book in 2017, just not anything still in 2016.

DeniseM · May 20, 2016

jay31 said:
yeah we didn't know if they would get used in 2016, and are worried with them being sold they might disappear, probably be better to play it safe and bank them for 2017.

Here is a follow up question, if they do become banked for 2017, do I have to wait till January 1, 2017 to book something? or can I book at the 8 month out window? And i'm fine paying the 2017 MF fees now if it gives an 8 month window to book.

You can book anything in the 8 mo. window - you don't have to pre-pay the MF.

SMHarman · May 20, 2016

SandyPGravel said:
Once they are banked you can use them to book in 2017, just not anything still in 2016.

But you can prepay 2017 mf then borrow them for a 2016 reservation.

[head spins]

Sent from my E6603 using Tapatalk

carpie99 · Jun 16, 2016

DeniseM said:
It's hard to say, but if it is after the roll-over deadline, you would just lose them:

Non-Elite SVN members can request SO Banking no later than July 1
3* and 4* Elite members may request SO Banking through October 1
5* Elite members may request SO Banking through December 31

We often see situations where someone buys a VSE timeshare, and then are surprised to receive Staroptions in their account, that they didn't expect to get. So, it's best not to leave the door open for anything to happen to them.

There is no advantage to holding onto them longer.

I couldn't find this information in the FAQ ... if it isn't there it should be added

DeniseM · Jun 16, 2016

carpie99 said:
I couldn't find this information in the FAQ ... if it isn't there it should be added

It is in Owner Resources at the top of the forum, under Exchanging.

Saaz124 · Jun 16, 2016

jay31 said:
Hey what happens if you don't do it right away? Will you just lose the 2016 points or would they transfer to the new owner?

I do know banked points are lost upon transfer to new owner. Last resale purchase had 28000 I would have loved to keep. They showed on my account after closing, but within a week or so, SVN took them away.

Other points I'm not sure about.

DeniseM · Jun 16, 2016

Saaz124 said:
I do know banked points are lost upon transfer to new owner. Last resale purchase had 28000 I would have loved to keep. They showed on my account after closing, but within a week or so, SVN took them away. Other points I'm not sure about.

Clarification: They are "StarOptions."

"Points" or Starpoints, are hotel points.

Starwood took them away, because they belonged to the previous owner.

If the previous owner still had an SVN Acct., the Staroptions should stay in his Acct.

Saaz124 · Jun 16, 2016

Yes I apologize, Staroptions. I started down the TS road with DVC and getting the points vs. options thing down has, as you can see, be difficult.