Transferring points from one member to another

[Cyberc]

hi tuggers.

I recently posted a thread on Facebook with info about me canceling a reservation and offered another member to coordinate so they could pick it up.

I got in contact with a member which was interested and which had been in contact with member services and they recommended that A guest certificate was issued in their name and then member services would transfer same amount of points from their account to my account.

Have anyone tried transferring points to someone else account before? Is there any risk for me as the receiver involved?
I would expect the transaction to be final and not reversable ?

Regards.

 

[Mosescan]

I’ve never heard of that with HGVC but that may explain the lady in the FB group trying to buy some points for a large family group stay.

Let us know how it works out.

 

[GT75]

I have never heard of that and would be a little leery. I would definitely want be talk with member's service. I would think that they could cancel your reservation and book second party's reservation while on phone.

 

[Cyberc]

Thanks. I’ll call member services tomorrow.

 

[alwysonvac]

Please share what you find out.

 

[Cyberc]

Please share what you find out.

I will. Called member services but they are closed on Sunday’s so I have to wait until tomorrow.

 

[hurnik]

I saw the same FB post where someone insisted that they had transferred points to another member's account.

I could be wrong, but possibly EONS ago (like at least 10+ years ago)? you may have been able to do that via a three-way conf. call with Hilton.

However, IF that was doable, it was a long time ago and no more.

There's no transferring points (like Hilton Hotel's Point Pooling).

The only points transfer I'm aware of is if you buy another contract and the previous owner already paid their MF and has current year's points in the account, you can elect to reimburse the MF and get the points "transferred", as it were.

 

[Talent312]

[Revised to follow new information below.]

 

[Cyberc]

So I have talked to member services and we can indeed do point transfers. Club counselor said “sure” as it was the most normal thing. We had a talk about the transfer and it’s a final transaction and can’t be reverted. There are no limitations to number of transfers and they are fee free(wonder for how long now that the secret is out)

Only requirement was that a 3way call was done with both members on the phone.

The member transferring the points would have to inform the counselor about how many point from which year had to be transferred.

The actual point transfer has not been done yet as this call was purely for information for my peace of mind.

Now people are thinking the obvious, “can’t one member then sell his points to another member” short answer “YES”

Once the transfer is complete I’ll update you guys.

 

[Mosescan]

I guess it’s no different then selling your DVC points. It would be better to sell the points you can’t use rather than save or convert to HH and would cover some of your maintenance fees. I wonder how much you could get?

 

[Cyberc]

I guess it’s no different then selling your DVC points. It would be better to sell the points you can’t use rather than save or convert to HH and would cover some of your maintenance fees. I wonder how much you could get?

I’m not buying just getting a transfer. But if I was a few points short I see why not.

 

[Talent312]

But it's not in the Rules! No fee?

Where will this lead?...
-- Fire and brimstone coming down from the skies!
-- Rivers and seas boiling!
-- Forty years of darkness! Earthquakes, volcanoes...
-- The dead rising from the grave!
-- Human sacrifice, dogs and cats living together... mass hysteria!

(Source: Ghostbusters, 1984)

 

[Cyberc]

But it's not in the Rules! No fee?

Where will this lead?...
-- Fire and brimstone coming down from the skies!
-- Rivers and seas boiling!
-- Forty years of darkness! Earthquakes, volcanoes...
-- The dead rising from the grave!
-- Human sacrifice, dogs and cats living together... mass hysteria!

(Source: Ghostbusters, 1984)

 

[1Kflyerguy]

Interesting. Could be similar Marriott points with the "rental" of points. Of course Marriott is true trust, so everyone in the destinations program has the same MF per point. That makes it easy to establish the value or at least a floor to the rental rate.

Personally the three way call will probably be enough of a hassle to discourage frequent use of this this.

 

[Great3]

Wow, I always thought this is wasn't allowed. I know I read many things in the past where this wasn't available, so it's news to me. Good News (I think). Thanks for sharing the info. Let us know when it's done, and how your experience went.

Great3

 

[seagila]

So I have talked to member services and we can indeed do point transfers. Club counselor said “sure” as it was the most normal thing. We had a talk about the transfer and it’s a final transaction and can’t be reverted. There are no limitations to number of transfers and they are fee free(wonder for how long now that the secret is out)

Only requirement was that a 3way call was done with both members on the phone.

The member transferring the points would have to inform the counselor about how many point from which year had to be transferred.

I think something's amiss here. If this were a benefit available to members, it would be in the rules. I know it's offered in other systems like Marriott's DC points system and Worldmark, and both systems explicitly state this.

I too am curious to find out if the points can indeed be successfully transferred between two separate HGVC memberships outside of an outright contract purchase. And it's an unlimited benefit and fee-free to boot!? Who would pay to save points, if there's a market for surplus points that develops from this?

 

[GT75]

Wow, I too didn’t know about this one and it isn’t in the rules. Thanks for the update. Keep us posted if you go through with the transaction and of course the outcome.

 

[Talent312]

Perhaps this option could be added to the HGVC advice article.
... After an actual transaction is confirmed.
.

 

[Juxtapose]

Weird, this surprises me and I'm curious to hear how easy this transfer is. I mean, I'm the owner of points that I pay 29.7 cents of MF on each (yuck) and it's a small allotment (just 2200). I'm currently looking for more points to use in the short term (another 3,000 to 5000 a year), but after studying the rates I'd really like to get them for 15 cents a point or less. So I'm waiting on the resale market to get what I want. This kind of transaction creates an opportunity:

There are probably people out there paying well under that 15 cents a point who would make a profit selling me their unused points at that rate. Win-win... without a need to go buy a new contract and be obligated to a yearly allotment.

 

[Juxtapose]

whoops... accidentally quoted myself when I meant to edit my post above to correct a typo

 

[Talent312]

whoops... accidentally quoted myself when I meant to edit my post above to correct a typo

Quite alright. I once accidentally blocked myself (another BBS).
Then I wondered why my posts were disappearing.
.

 

[hurnik]

So I have talked to member services and we can indeed do point transfers. Club counselor said “sure” as it was the most normal thing. We had a talk about the transfer and it’s a final transaction and can’t be reverted. There are no limitations to number of transfers and they are fee free(wonder for how long now that the secret is out)

Only requirement was that a 3way call was done with both members on the phone.

The member transferring the points would have to inform the counselor about how many point from which year had to be transferred.

The actual point transfer has not been done yet as this call was purely for information for my peace of mind.

Now people are thinking the obvious, “can’t one member then sell his points to another member” short answer “YES”

Once the transfer is complete I’ll update you guys.

Thanks for the info. It seems the information varies, and may involve a HUCA to get an agent who knows about it, because (if one believes some of the FB posts) others had called and were told no, cannot do that.

But good to know that the old 3-way conf. call is still there and it's fee free.

 

[MikeinSoCal]

So, where's the site that I can bartering?

 

[Cyberc]

Small update.

The other member which should have transferred the points to me have backed out, as she is no longer able to use my reservation.

As I find this rather interesting I will continue to pursue the option of transferring points, even a small amount just to get it verified.

i'll keep you guys updated.

 

[Cyberc]

One thought just came to mind. If some one is up for it we could transfer points between our accounts?

ie. Someone transfer 1.000 points to my account. I'll then transfer 1.000 points back.

if so I think two 3-way calls would have to be done.

Just a thought.