HGVC banking points for EOY deeds

[samara64]

HGVC experts,

If I have an odd year contract and want to bank my 2017 points, do the points go to 2018 or 2019 usage.

Also will you pay club dues every year or only in Odd years.

Thanks.

 

[seagila]

2018

every year

 

[GM600]

I don't think you can bank points with an every other year contract

 

[samara64]

Can an owner clarify this with HGVC as I am not an owner yet. Considering an EOY with them.

I am sure others would be interested to know.

Thanks.

 

[JTurner538]

I am an owner (just upgraded from an EOY connect to an every year contract last summer). You can back points with an EOY contract.

 

[samara64]

Bank to next use year or calendar year.

 

[Sandy VDH]

Bank to next use year or calendar year.

I would assume calendar, since everyone else can only push points out 1 year, why should eoy owners get 2 years, when other owners only get 1 year.

Call to confirm, but that would be my bet.

 

[GT75]

The rules state (I don't see any difference with EOY deeds):

Saved Points. On or before December 31 of the current year, Members may “save” any of the remaining ClubPoints from expiring by depositing these ClubPoints into the following year’s account. Saved Points may not be used to make Home Week reservations and may not be carried over beyond one (1) year. A fee applies to save points.

The call center is closed until Monday. I also believe that you will need to pay HGVC club dues each year even if you only have an EOY deed. (but if members with EOY contracts know of something different, then I am sure that they will correct)

 

[SmithOp]

Can an owner clarify this with HGVC as I am not an owner yet. Considering an EOY with them.

I am sure others would be interested to know.

Thanks.

The resources page will let you download and reference all the club document. GT75 has it correct, saved points can only be pushed one year so EOY owners can Save to the "between" year or Borrow back to the previous "between" year. It is better to be a borrower than a saver with HGVC, there are no fees for borrowing (yet).

https://club.hiltongrandvacations.com/en/help/resources


Sent from my iPad using Tapatalk

 

[Talent312]

I know some peep like the flexibility, but I think I'd find EOY too confusing.
After 10 years on this board, here's what I've learned from EOY owners:

EOY owners pay club-dues every year, but MF's only in use-years.
You can bank or borrow for only one calendar year (not use-year).

'Tis better a borrower than a banker be, but sometimes, it can't be helped.
You can use leftover points to book RCI in a future-year w/o banking first.

.

 

[samara64]

Thanks to all for feedback.

 

[TM42]

I know some peep like the flexibility, but I think I'd find EOY too confusing.
After 10 years on this board, here's what I've learned from EOY owners:

EOY owners pay club-dues every year, but MF's only in use-years.
You can bank or borrow for only one calendar year (not use-year).

'Tis better a borrower than a banker be, but sometimes, it can't be helped.
You can use leftover points to book RCI in a future-year w/o banking first.

.

To be clear, you CAN save unused points- I currently have some.
Also, just to be VERY clear, MF are due only in year you have points,but you pay club dues and real estate taxes on your off year (mine was $299 this year)