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|August 14, 2013, 07:18 PM||#1|
BBS Reg. Date: Jul 26, 06
Resorts: Marriott Vacation Club: Barony Beach and SurfWatch
FAQ - MVC DESTINATIONS Points Program
(Unless otherwise noted, all links herein will direct to my-vacationclub.com or to a post here on TUG. Some of the Marriott links will require sign-in to your MVC account. Please PM/email the moderator if links are not working.)
***** SECTION 1. THE BASICS *****
On 6/20/10 Marriott introduced its Marriott Vacation Club Destinations ("MVCD", "MVC Destinations" or "DC") program, a points-based timeshare product that allows for greater usage flexibility than the traditional weeks-based model. Briefly, the MVCD set-up consists of the Florida-based Land Trust to which Marriott may convey Weeks that are not owned by MVCI Owners as well as other non-MVCI Weeks inventory (i.e. Ritz-Carlton Club, Grand Residence Club, etc.); the MVCD Points which correlate to those conveyed intervals in 250-Point increments defined as, "Beneficial Interests" (BI); and, the affiliate MVCD Exchange Company through which inventory from the Trust and various other sources is mingled and may be reserved, and through which MVCI Weeks Owners, Ritz-Carlton Club Members and Grand Residence Club Members may participate.
*Note TUGger dioxide45 is maintaining this TUG thread compiling the ongoing Trust conveyances: Recorded Trust Documents.
Membership in the MVC Destinations program consists of purchases of DC Trust Points in BI increments, and/or, enrollment of MVCI/Club Weeks which Owners may elect annually to convert to DC Exchange Points. Owners of Trust Points are defined in the governing documents as Trust Members; Owners of enrolled Weeks are defined as Exchange Members. Here on TUG, Exchange Points are often referred to as Legacy Points, and Exchange Members as Enrolled or Legacy Members.
Members may use their DC Points in various ways through any of the MVCD "collections":
~~ Direct Purchase of DC Trust Points ~~
As of 9/10/15, the Pricing Information page at marriottvacationclub.com indicates a base price of $12.92 per Point. There have been steady price increases since the MVCD introduction (similar to Marriott's Weeks system over its lifetime.) For historical context, the introductory base price was approx. $9.20 per point; see this TUG post for the early pricing history contained in an official document obtained during a sales presentation.
DC Trust Points purchases are subject to various minimums (e.g. existing owners/members may purchase fewer points than brand new purchasers,) and sold with various incentives such as, among others, volume price reductions, a one-time deposit of Single Use Points (as defined,) certain guaranteed Marriott Rewards status for a limited time, a one-time deposit of Marriott Rewards Points, and/or a waiver of the enrollment fee for eligible Week(s) which are enrolled simultaneously with a Points purchase.
***Note prices indicated here are NOT guaranteed, and neither is the availability of any certain incentives.*** It is necessary to speak with a Sales Associate to learn the base price and available incentives in effect at the time of a purchase, at which time a personalized guaranteed price quote will be determined based on a purchaser's individual situation.
~~ Enrolling MVCI Weeks in the DC ~~
***Enrolling a Week IS NOT a permanent exchange of the Week for DC Points.*** The deed and all associated rights of an enrolled Week remain with the Owner. Enrollment simply gives the Weeks Owner another usage option, to elect annually to convert the Week to DC Points for use in the MVC Destinations program. It is basically an overlay internal exchange option.
Each Week in the MVCI system is allotted a stipulated amount of DC Points. To determine the allotment for your particular Week(s), sign in to your my-vacationclub.com account and click on any of the, "Learn More" links then on, "What Is My Week Worth?" The governing documents allow Marriott to adjust these allotments. For historical context, there have been no such adjustments since the DC introduction.
As of 6/14/12 the Enrollment Fee has been increased to $2,395. Enrollment incentives include varying amounts of one-time "PlusPoints" which expire one year from date of issue and are restricted to reservations made within 60 days of check-in at Marriott Vacation Club Collection properties only. For historical context, the Enrollment Fee at the DC introduction ranged between $595 and $1,995 with an Enrollment Incentive of 800 one-time Exchange Points.
*Note this TUG thread provides much greater detail related to Enrolled Weeks: "Should My Week(s) Be Enrolled?"
*Note TUGgers GregT and StevenTing have developed a document listing DC Points conversion and MR Points exchange values for MVCI Weeks as reported by TUGgers, which is being hosted on an external website here.
~~ Other DC Costs ~~
- All Members must pay the annual Club Dues fee which is based on the number of DC Points that a Trust Member owns, or, for which an Exchange Member is eligible through all Enrolled Weeks, or, a combination of both. Effective with the 2016 invoices the fees are:
- DC Exchange Members must also pay annual Maintenance Fees for the underlying Week(s) which have been enrolled.
*See the Weeks FAQ of this TUG Marriott forum for links to current and historical Weeks MF's information, as well as historical DC Trust MF's information.
- European Members/Owners must also pay a VAT (Value Added Tax) which is added to their invoices.
~~ DC Membership Status Tiers ~~
Substantial changes were made to the Status Tiers effective 4/30/15; see this chart. Because certain tiers/benefits were grandfathered based on the Status Tier held as of 4/29/15, this section includes all tiers since the DC introduction.
Status Tiers up to and including 4/29/15:
~~ Re-selling / Transferring Ownership of MVCD Trust Points and Enrolled Weeks ~~
DC Trust Points may be resold through any of the typical timeshare resales sites; Marriott is not currently buying back or brokering DC Points resales.
If stipulated fees are paid, full usage rights will transfer upon a resale to the buyer/new owner of DC Trust Points. Such fees include but may not be limited to:
Enrolled Weeks are sold exactly the same as un-enrolled Weeks; enrollment does not transfer from Seller to Buyer. Also, the Week cannot be re-enrolled by the buyer/new Owner because upon the sale the Week then becomes an external resale purchased after the eligibility deadlines.
Marriott allows ownership Transfers of DC Points and Enrolled Weeks among "Family Members" (as defined) with all usage rights assumed by the new Owner/Member. Marriott may or may not charge various related fees including an Initiation Fee or an Enrollment Fee if the new owner is not an existing DC Member at the time of transfer. For information contact the Owner Modifications office at 800-443-4391 or email@example.com.
Last edited by SueDonJ; November 8, 2015 at 12:10 PM.
|August 14, 2013, 07:22 PM||#2|
BBS Reg. Date: Jul 26, 06
Resorts: Marriott Vacation Club: Barony Beach and SurfWatch
MVC DESTINATIONS Points Program FAQ (Page 2 of 3)
***** SECTION 2. USAGE *****
~~ Inventory Sources for DC Points Usage ~~
MVCI Weeks and MVCD Points inventory is kept separate according to the terms of each system's governing documents in order to protect Owners/Members ownership and usage rights. Inventory available through the DC Exchange Company is sourced from Marriott-controlled deposits as well as (according to the MVCD FAQ on my-vacationclub.com,) "... other Marriott Vacation Club Owners who enroll their weeks and elect Vacation Club Points, and non-enrolled Owners who trade their usage for Marriott Rewards points or exchange their week through membership in Interval International."
Technically, in compliance with the governing documents, DC Trust Members have direct access to inventory in the DC Trust as well as inventory available through the DC Exchange Company; and, DC Exchange Members have direct access to only the inventory that's available through the DC Exchange Company. Functionally, it appears that Marriott is managing inventory such that a few select high-demand intervals are available only from the Trust at the 13-months Reservation Window, then at the 12-months Reservation Window most intervals are made available through the Exchange Company. Effectively, it appears that inventory is currently being managed by Marriott such that the technical v. functional legal aspects are practically nullified with respect to the overwhelming majority of available intervals.
~~ Reservation Windows ~~
*Note as with the MVCI Weeks system, available DC Points inventory is officially released at 9:00AM Eastern Standard Time on the Release Day. However, several TUGgers have reported that when using the my-vacationclub.com DC Points online booking tool, they have occasionally seen and been able to book intervals earlier, shortly after midnight on the Release Day. It is recommended that you check for the possibility.
~~ "Use Year" ~~
All DC Exchange Points (i.e. from enrolled/converted Weeks) have a calendar-year 1/1-12/31 Use Year. All DC Trust Points purchased direct from Marriott by Exchange Members will have the same calendar-year Use Year unless otherwise requested by the Member.
DC Trust Points purchased direct from Marriott by non-Weeks Owners will have a rolling twelve-month Use Year beginning on the first of the month following the purchase closing. However, it may be possible for a purchaser to request a certain Use Year (in order to align with existing ownership and/or take full advantage of usage rules that favor an intended usage pattern) prior to the purchase contract being written.
The Use Year of DC Trust Points as stipulated in a deed cannot be later changed by either the original purchaser or upon resale/transfer of the deed.
DC Points will expire as of the end of the current Use Year if not used, banked, borrowed or transferred.
~~ MVCD Points Usage / Miscellaneous ~~
MVCD Points do not have a home resort advantage. As with all non-fixed timeshare products, availability is subject to demand and is not guaranteed. It is recommended that members try to book desired intervals as soon as the applicable Reservation Windows open.
The various Points Charts indicate how many DC Points are required for each night of a Marriott Vacation Club Collection stay according to the individual resort, the check-in day/date and length of stay, and the size/view of the unit desired. The governing documents appear to allow Marriott to reallocate the Points Chart such that an increase in a chart must be offset by a decrease elsewhere (such that the total for a calendar year cannot be changed.) Historically such adjustments have been made for specific holiday/high demand periods within the individual resort Charts. See this thread for related discussion, especially as to the unclear reallocation terms stipulated in the governing documents.
Conversions of lock-off units to DC Points require the whole unit to be converted as a single Week. In other words, lock-off units cannot be split such that each portion converts to a separate amount of DC Points; or, split such that one portion may be used in the Weeks system and the other in the Points system.
Every-Other-Year (EOY) Weeks may be enrolled, and converted to DC Points for their year of use. Such DC Points will have the same Use Year as if the Week is being used, but banking and borrowing may be elected to change DC Points usage to the off-year. EOY Weeks Owners must pay the Club Dues fee on an annual basis (not just in the year of use.)
Banking - Points may be banked from their original Use Year to a usage period immediately following; the usage period and election deadlines are based on status:
Borrowing - Points may be borrowed from their current Use Year to the one immediately preceding. The election may be made anytime (according to the MVCD Exchange Procedures document on my-vacationclub.com,)"... up to twenty-five (25) months prior to the first day of such Use Year. Borrowed Exchange Points may be used to make reservations for Use Periods that occur during the Use Year for which the Member is currently entitled to make reservations." Borrowed Points will expire if they are not used prior to the end of the Use Year from which they were borrowed. Once borrowed, such Points cannot be further borrowed or transferred. (*See "Waitlist Requests" and "Cancellations" below.)
For example, Points from a 1/1-12/31/15 Use Year may be borrowed for usage during the preceding 1/1-12/31/14 Use Year. The election to borrow may be made anytime on or after 12/1/12, which allows booking (by eligible Members) at the earliest 13-months Reservation Window for a 1/1/14 check-in date.
Waitlist Requests - If a desired interval is not available Members may place Waitlist Request(s) providing that the Member has the required DC Points in his/her account for the interval(s) and providing that the applicable Reservation Window(s) are in effect.
Cancellations - The basic cancellation policy is that a DC Points reservation cancelled at least 61-days prior to the check-in date will result in the Points being returned to the Member's Account with full original usage rights. Cancellations within 60-days of check-in will result in the Points being placed into a Holding Account that stipulates restricted usage. Refer to Owner Services or the TUG forums for cancellation rules pertaining to something other than a basic cancelled reservation.
*MVW has clarified for TUG the rules related to cancelling reservations booked using Banked Points, as follows. See this post and others in the same thread.
Last edited by SueDonJ; November 13, 2015 at 01:13 AM.
|August 15, 2013, 05:05 PM||#3|
BBS Reg. Date: Jul 26, 06
Resorts: Marriott Vacation Club: Barony Beach and SurfWatch
MVC DESTINATIONS Points Program FAQ (Page 3 of 3)
Usage Transfers - All Members are allowed to transfer usage of DC Points to other DC Members, provided all parties are in good standing. Although the governing documents do not stipulate any certain amounts, currently the VOA's are able to process transfers only in 25-Points increments. Once transferred, control of such Points and any reservations made with them is assumed by the transferee. Transferred Points retain their original Use Year and their origination as either Trust or Exchange Points. Transferred Points cannot be banked, borrowed, or further transferred. Transfers have no bearing on a Member's Status Tier. Currently there are no limits to the number of transfers allowed to/from Member Accounts.
Usage Rentals - Renting to another DC Member may be done via a Usage Transfer as above.
Or, a DC Member in good standing may rent privately, to anyone, reservations that have been booked using his/her Points. Similar to private rentals of Marriott Weeks, the DC Member simply has to notify Owner Services of the rentee's name prior to check-in. Control of the DC Points and the reservation(s) made with them remains with the DC Member.
Currently there are no limits to the number of rentals allowed through Member Accounts.
Marriott does not currently have an internal Points Rental option. Rentals may be facilitated privately through any of the established sites including but not limited to the TUG Marketplace and Last Minute Rentals forums, and the two external sites mentioned here which have been developed by long-time TUGgers and are utilized extensively by Marriott Vacation Club owners/members:
MR Member Numbers will automatically be attached to DC Points reservations booked through the my-vacationclub.com website and/or the Owner Services phone lines. Nights at participating MVCI resorts and Marriott hotels/resorts are counted as Elite Nights in the Marriott Rewards program; and, Marriott Rewards Points (MRP) and bonuses accrue for incidental spends during such stays.
*Note Marriott Rewards Points cannot be exchanged for Destination Club Points.
DC Trust Points may be exchanged for Marriott Rewards Points on an annual basis according to status:
The deadline to exchange DC Trust Points for MR Points is 9 months prior to the end of the Use Year. For example, if the Use Year is 7/1/13-6/30/14, the deadline is 9/30/13.
See this my-vacationclub.com page: Trading For Marriott Rewards Points
Enrolled Weeks are eligible to be exchanged for MR Points regardless of whether they were purchased direct or on the external resale market (excepting only the very few Weeks which were not originally sold with the MRP exchange benefit.) Upon enrollment, direct-purchase Weeks retain the MRP exchange benefit as it was included with the original purchase; and, external-resale Weeks may be exchanged for the amount of MRP for which a same direct-purchase Week is eligible but possibly with restricted frequency.
*Note a single Enrolled Week may be EITHER converted to Destination Club Points OR exchanged for the amount of Marriott Rewards Points that is stipulated in the MR Addendum to the Week's original purchase contract. Meaning, a single Week cannot be converted to DC Points with any/all of those DC Points subsequently exchanged for MRP.
*Note TUGgers GregT and StevenTing have developed a document listing DC Points conversion and MR Points exchange values of MVCI Weeks as reported by TUGgers, which is being hosted on an external website here.
~~ The MVCD and Interval International (II) Affiliation ~~
The DC Club Dues fee covers the II corporate account membership as well as the fees for most II transactions, provided the transactions are processed through Members' corporate II accounts, and, that the transactions involve only Marriott resorts.
Enrolled Weeks may be exchanged through II to Marriott and non-Marriott resorts in the established Week-for-Week manner. See the Weeks FAQ and the "Should My Weeks Be Enrolled?" TUG thread for details.
DC Points may be exchanged through II for stays at non-Marriott resorts; an external exchange fee will be applied. Requests may be placed up to two years in advance. II will place a hold on the DC Points required until the request is fulfilled or until the Member cancels the request. See the 2013 Buyers' Guide For Members of the Marriott Vacation Club Destination Program and Other Marriott Owners linked on my-vacationclub.com for all terms and conditions.
*Note when searching available II inventory for instant exchanges, there is a glitch in the system which requires a Member to have more Points in the account than the number it will take to reserve an interval. For example, if you search with 2,000 Points in your account you will see only available intervals that require less than 2,000 Points.
These are the DC Point Requirements for 7-night stays based on II's Travel Demand Index (TDI) and the unit size of the desired interval:
***** SECTION 3. MISCELLANY *****
The US Owner Services DC-related telephone number for Owners and Select Members is 888-682-4862; for Executive, Presidential and Chairman's Club Members is 855-682-7736. Also, US DC Members who are able to use those phone lines are assigned a Vacation Ownership Advisor (VOA) whose name is indicated at the top right of the my-vacationclub.com home page. It is not necessary to deal only with that representative; many TUGgers have never spoken with their assigned VOA.
The system is designed to route Owners/Members to the correct line automatically when calling from number(s) associated with their my-vacationclub.com accounts. Each Owner/Member on an account is allowed to attach four personal numbers to the account. To edit the numbers attached to your account, sign in and click on, "My Profile" in the, "Manage My Account" dropdown menu.
~~ Member Discounts ~~
***All discount rates are based on availability. There is no guarantee that any certain inventory or discount component will be available.***
Discounts for cash stays at the MVCI resorts (and very infrequently, at certain of the Marriott hotels/resorts) are capacity-controlled and based on ownership status:
*When checking availability on marriott.com, enter the appropriate code in the "Corporate/promotional code" box under "Special Rates."
*Owners/Members may also book cash nights through their my-vacationclub.com accounts. Click on "Explore the Marriott Vacation Club Resorts" in the "Plan and Book My Vacation" dropdown menu, then click on the "Rent More Nights" link in the column on the right. On the next page the field will be auto-populated with the appropriate code.
*Note the confirmations for stays using these discounts indicate that at check-in the certain eligibility will be verified. If unable to verify eligibility the cost for the stay may revert to rack rates.
Discounts for last-minute DC Points stays are also based on status:
*Note it may be possible to cancel an existing Points reservation and re-book it within the 60 or 30 days to apply the last-minute Points discount. Here on TUG this is often referred to as, "The Puck Trick," named after TUGger puckmanfl. It's worth trying but be aware that if successful, the difference in Points will be placed in a Holding Account because of the cancellation policies. Also, there is a risk that the reservation can be lost during the cancellation/re-book, so you should make sure to ask the rep to "hold" the interval during the process.
~~ The MVCD Governing Documents ~~
See this my-vacationclub.com page for links to each of the numerous legal documents related to Enrollment: Marriott Vacation Club Destinations™ Exchange Program Enrollment Documentation
It does not appear that any of the governing documents specific to the MVCD Trust are available at my-vacationclub.com. See this TUG thread which contains links to at least one document, as well as discussion related to various others: Governing documents for Trust?
~~ Related TUG Threads ~~
MVC Destination Club Points System info - the first edition of this FAQ
Marriott Forum/FAQ/Sticky Discussions - ongoing discussion related to the TUG Marriott Forum FAQ threads
Marriott Vacation Club Learning Center - links to webinars produced by MVW
Last edited by SueDonJ; November 8, 2015 at 12:35 PM.
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