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Borrowing DPs

Discussion in 'Marriott Vacation Club' started by TravelTime, Jun 12, 2019.

  1. TravelTime

    TravelTime TUG Member

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    Borrow Points

    If you need additional Vacation Club Points, you may be able to borrow them from the following Use Year while you are confirming the reservation. If you would like to start confirming your reservation, from the Marriott Vacation Club Resorts above, click Book my Points.

    My Questions:
    1) Does it make sense to bank all points as soon as possible and borrow against them for reservations?
    2) Is there a few to borrow points?
    3) If you cancel a reservation with borrowed points, when do they expire?
    4) If you cancel a reservation with borrowed points, do they go into a holding account?
     
  2. jimf41

    jimf41 TUG Member

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    1) Does it make sense to bank all points as soon as possible and borrow against them for reservations?
    I usually keep a week or 2back until I need it. I never have needed it yet

    2) Is there a few to borrow points?
    no

    3) If you cancel a reservation with borrowed points, when do they expire?
    They expire the same as if you had not made a reservation

    4) If you cancel a reservation with borrowed points, do they go into a holding account?
    Only if you cancel within 60 days of the res.
     
  3. LUVourMarriotts

    LUVourMarriotts Tug Review Crew: Rookie TUG Member

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    Resorts Owned:
    MFV (P) 2002
    MSU (G) 2006
    MOW (P) 2018
    I have already banked the rest of my 2019 points, because my wife and I decided we were done with vacationing for the year (what we already have planned). Last week, my wife says, maybe we should look into going to Orlando in November. :shrug: So, I contacted a VOA and she told me that I cannot use any 2019 points that were banked into 2020, for a reservation in 2019. So, if I wanted to do that, I would have to borrow from 2020 if I wanted to make a new 2019 reservation. This obviously means you limit your banking ability for the next year (2021).
     
  4. Dean

    Dean TUG Member

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    I'll add that the points would expire just like you hadn't borrowed them if you cancel even if they end up holding account status. The question is whether they can be banked after that. As I read the paperwork the answer is no but I've had a couple of guides tell me recently the rules have changed and you can later bank after being borrowed. YMMV.
     
  5. VacationForever

    VacationForever Tug Review Crew: Rookie TUG Member

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    I banked all of the 2019 points in Apr as I wanted to make several 1BR and 2BR reservations with different check in dates at MKO because friends could not decide if they would be staying an extra week while we are there next year. In the end we cancelled out all except for a 1BR for the two of us.

    In May our friends in Southern California would like to see us, we decided to book a few days at NCV for us and for them for June 2019. I had to borrow from 2020 as a result of banking our 2019 points early.
     
  6. vol_90

    vol_90 TUG Member

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    Marriott Phuket Beach Club, Marriott Canyon Villas, Marriott Desert Springs Villas II, MVCI Trust & Asia Pacific Points
    I prefer to borrow all points into the current year. Nothing like taking vacations before I have paid the maintenance fees. If I need to cancel a reservation the points go back to the original use year and if cancellation takes place within 60 days it gives much more time to find opportunities to utilize holding account points.
     
    Steve Fatula and dioxide45 like this.
  7. dioxide45

    dioxide45 TUG Review Crew: Veteran TUG Member

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    As noted, you can't borrow from banked points. If you bank 2019 points and want a 2019 ressie, you need to borrow from 2020.
    I suspect you meant fee, no fee.
    They go back to the use year from which they were borrowed and work just as if you never made the reservation.
    Only if cancelled inside of 60 days.
     

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