Hi Sunnnnie,
I think you did the right thing by rescinding. I'll tell you the story of how we became Platinum Select members, as it may be a way that you can back into both saving money AND getting Platinum Pinnacle benefits.
Over time, we bought three different Welk
resale packages.
1. $3,500: The first was a Villas on the Green 2BR lock-off, floating week package. I actually think this is the sweet spot of resale at Welk, as you can use it as two weeks, or trade one week in to RCI and kind of self-upgrade to a 2BR. I frequently traded in each 1BR with RCI for two 2BR units. I would laugh my way through owner's updates because my package was so much better than what they offered us.
2. $3,500: An aunt and uncle basically aged out of using their 240,000 Welk Platinum Points, and they sold the points to us.
3. $3,000: I saw a 2BR fixed week for Thanksgiving week on
www.calresorts.com. With lots of relatives in Southern California, we decided it was precisely the fixed week we wanted.
In November 2018, we went to an owner's update. My husband point blank told the "owner updater" that we were there for them to roll all three of our contracts into one ... at no cost. The sales guy laughed out loud in a good-natured sort of way. By the end of our owner's update, we had rolled all three contracts into 780,000 Platinum Points, and with the yearly savings in Maintenance Fees, we will break even in less than a decade. My husband shook our sales guy's hand and said, "You did it. You rolled all three contracts into one and this will actually save us money in the long run."
Adding it all up, we became Platinum Select members for $17,000 total, spread out over time so that we were able to pay cash for each transaction and have never paid a penny in interest on these transactions. We've secured the equivalent of six 1BR units each year that work out to about $550/week in MF. A comparable hotel would cost about $1,300/week; we know, because we've paid that in the past.
Becoming Platinum Select Owners has proven, in three short months, to be invaluable. Our extended family in San Diego needed some extra help, and we have been taking advantage of our Platinum Select benefits to secure rooms right and left, always at the reduced point values. We would be kicking ourselves if we'd turned them down, and we'd be saying, "Oh, if only we had taken that Platinum Select deal." I admit to extraordinary and unforeseen circumstances, but this really has made our lives easier at a difficult time.
Netting it all out, if you want the Platinum Premier/Select/Elite/Pinnacle benefits, you can pick up cheap resale contracts here and there, then eventually "succumb to the pressure" at an owner's update and roll your contracts into one.
As I said before, you did the right thing by rescinding.