• Welcome to the FREE TUGBBS forums! The absolute best place for owners to get help and advice about their timeshares for more than 32 years!

    Join Tens of Thousands of other owners just like you here to get any and all Timeshare questions answered 24 hours a day!
  • TUG started 32 years ago in October 1993 as a group of regular Timeshare owners just like you!

    Read about our 32nd anniversary: Happy 32nd Birthday TUG!
  • TUG has a YouTube Channel to produce weekly short informative videos on popular Timeshare topics!

    All subscribers auto-entered to win all free TUG membership giveaways!

    Visit TUG on Youtube!
  • TUG has now saved timeshare owners more than $24,000,000 dollars just by finding us in time to rescind a new Timeshare purchase! A truly incredible milestone!

    Read more here: TUG saves owners more than $24 Million dollars
  • Wish you could meet up with other TUG members? Well look no further as this annual event has been going on for years in Orlando! How to Attend the TUG January Get-Together!
  • Now through the end of the year you can join or renew your TUG membership at the lowest price ever offered! Learn More!
  • Sign up to get the TUG Newsletter for free!

    Tens of thousands of subscribing owners! A weekly recap of the best Timeshare resort reviews and the most popular topics discussed by owners!
  • Our official "end my sales presentation early" T-shirts are available again! Also come with the option for a free membership extension with purchase to offset the cost!

    All T-shirt options here!
  • A few of the most common links here on the forums for newbies and guests!

RCI points sale

If you had asked 4 months ago, I'd say it was a killer deal.

BUT TS prices are in free fall and I just don't know what is a good deal anymore. ( although this deal still seems good)
 
I notice they charge $299 closing fee, though this non-deeded ownership should have no closing fees. The $95 transfer fee they are also charging is all VRI charges to handle the transfer, so in addition to the 97cents, the $299 is going in the seller's pocket.

That said, it's a good deal if you want an RCI Points account for depositing points, assuming you have other timeshares you want to deposit into RCI Points. Also, there appear to be some missing info in the auction (like what type of MROP membership is being sold).

I suspect the original owner paid $3000 to convert their MROP ownership to points, so they certainly came out poorly. No doubt they paid thousands to get this seller to take it off their hands as well.
 
I was told today at a VRI presentation that if you bought a week at at RCI Points resort, that the RCI Points do not transfer, just the week and that you would have to pay a fee of $4995 to convert the week to RCI Points to be able to use it to use the Points for Deposit feature. I was also told you could deposit up to 6 weeks from other companies/accounts/deeds once you had a points account. What can you tell me about all this?

The big selling point is the availability to see many more available weeks for exchange in RCI using points than weeks and that situation would continue to escalate. Less and less weeks available through weeks accounts. Is this true?

Any and all info on RCI Points will be greatly appreciated.

The deal I was offered was a triennial package of 74,000 points every three years, one maintenance fee every third year for $6500. I was told that in any other scenario I would have to pay the conversion of $4995, so in essence, the 74,000 triennial (24,667 per year) would only be costing me $1500. What do you think?

Thanks,

BigTom
 
You were not told the truth.

dukebigtom said:
I was told today at a VRI presentation that if you bought a week at at RCI Points resort, that the RCI Points do not transfer, just the week and that you would have to pay a fee of $4995 to convert the week to RCI Points to be able to use it to use the Points for Deposit feature. I was also told you could deposit up to 6 weeks from other companies/accounts/deeds once you had a points account. What can you tell me about all this?

The big selling point is the availability to see many more available weeks for exchange in RCI using points than weeks and that situation would continue to escalate. Less and less weeks available through weeks accounts. Is this true?

Any and all info on RCI Points will be greatly appreciated.

The deal I was offered was a triennial package of 74,000 points every three years, one maintenance fee every third year for $6500. I was told that in any other scenario I would have to pay the conversion of $4995, so in essence, the 74,000 triennial (24,667 per year) would only be costing me $1500. What do you think?

Thanks,

BigTom
Click to expand...

This is not true. RCI does not allow the resort to charge another conversion fee for points resales.
 
dukebigtom said:
I was told today at a VRI presentation that if you bought a week at at RCI Points resort, that the RCI Points do not transfer, just the week and that you would have to pay a fee of $4995 to convert the week to RCI Points to be able to use it to use the Points for Deposit feature. I was also told you could deposit up to 6 weeks from other companies/accounts/deeds once you had a points account. What can you tell me about all this?

The big selling point is the availability to see many more available weeks for exchange in RCI using points than weeks and that situation would continue to escalate. Less and less weeks available through weeks accounts. Is this true?

Any and all info on RCI Points will be greatly appreciated.

The deal I was offered was a triennial package of 74,000 points every three years, one maintenance fee every third year for $6500. I was told that in any other scenario I would have to pay the conversion of $4995, so in essence, the 74,000 triennial (24,667 per year) would only be costing me $1500. What do you think?

Thanks,

BigTom
Click to expand...

There are far better deals available on the resale market. Heck, I own 4 ownerships that were vastly better buys. You can deposit more than 6 weeks from RCI weeks resorts into RCI weeks account with a max of 4 from any one resort.

We do 4 weeks each from 2 RCI weeks account for a total of 8 weeks per year in each of our 3 RCI Points accounts for a total of 24 weeks per year.

Bruce :D
 
From what I've researched here, MF's should not be higher than $.01 per point. If that holds true, the MF's seem a little high don't they?

Please feel free to correct me if I'm wrong.

-Aaron
 
Even at 1 cent per point, I think that is too high--for airfare, as an example. You don't get a cent a point value for airfare through Points, so your points better cost more like 2/3 of a cent.

Bruce has it all figured out, and he gets the deals on airfare with points. I need to follow his advice of a few years back. :D I am in the system, but I need to find the value to keep my points.
 
Medcinmn said:
From what I've researched here, MF's should not be higher than $.01 per point. If that holds true, the MF's seem a little high don't they?

Please feel free to correct me if I'm wrong.

-Aaron
Click to expand...

You have it right.

That said, with MF's continuing to increase holding the peeny a point line becomes more challenging. Fewer resorts qualify each year as the points remain constant and the annual MF increase.

It will be interesting to see how/if RCI's rates for renting points and redeeming points via partner programs change with the changing costs to members.
 
You must log in or register to reply here.
Top