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Share your best DVC tips: Banking/Borrowing

#1 User is offline   QuickGold 

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Posted 24 July 2008 - 11:22 AM

I thought we could all help each other out and discuss our favorite/best tips for DVC members on banking and/or borrowing points. Have you run into any useful hints or strategies for banking and borrowing that you feel have been smart overall?
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#2 User is offline   Figaro 

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Posted 24 July 2008 - 12:19 PM

Banking, what's that?? :lol: I'm an expert on borrowing though!

This will be the 1st yr that we are banking a large amount of points.
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#3 User is offline   Eric 

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Posted 24 July 2008 - 01:29 PM

I'm with Figaro- what's borrowing?!

My tip: Borrow, borrow, borrow!! You can't take 'em with you! :wink:
Eric
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#4 User is offline   ADP 

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Posted 24 July 2008 - 05:22 PM

Don't know if this qualifies as banking and barrowing, but we typically pay cash at a value, mod, or deluxe on weekends (based on AP and travel agent discounts). Weekend points are pretty high. This conserves our points so we can travel more often or build our point base to get a 1 or 2 bedroom villa with family. This allows us to bank our points more often than barrow.

Using points on cruises, Adventures by Disney, or non-DVC resort stays is typically not a good way to use your points unless they are about to expire.
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#5 User is offline   kathyj0 

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Posted 24 July 2008 - 07:18 PM

Have only banked small amounts of points (less than 20), and haven't borrowed - yet.
Kathy
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#6 User is offline   HDLady 

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Posted 25 July 2008 - 10:05 AM

Different strategies work differently for different people. I know some folks who "sell" their points years they aren't going to Disney and use that money for another vacation. It's usually less expensive than using the DVC points at a different DVC location. My personal suggestions are to use your points at your home resort. It's generally less expensive and easier to get reservations. Any extra points you might have, you can bank and save up for an extra day or two in a subsequent visit. My 2 freinds and I co-own enough points at OKW to book a 2 bedroom suite and a studio for an 8 night vacation during value season with some points left over. Each one of us has our own bedroom & bathroom as well as the full kitchen/dining/living area. When we build up enough points, we stay an extra night that year.
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#7 User is offline   TiggerRay 

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Posted 26 July 2008 - 12:02 AM

Eric said:

I'm with Figaro- what's borrowing?!

My tip: Borrow, borrow, borrow!! You can't take 'em with you! :wink:



:?: :?: :?: :?:
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#8 User is offline   HDLady 

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Posted 26 July 2008 - 08:13 AM

TiggerRay said:

Eric said:

I'm with Figaro- what's borrowing?!

My tip: Borrow, borrow, borrow!! You can't take 'em with you! :wink:



:?: :?: :?: :?:

DVC 101 for those that don't know how DVC timeshares work...
If you own DVC shares you don't own a certain type of accomodation for a certain week each year like most timeshares. Instead, you purchase "points" that renew annually. Those points are used like dollars at a hotel. Different accomodations (studio, 1 bedroom, 2 bedroom, Grand Villa) are different point "prices". The same accomodation type, a studio at OKW for example, is priced differently depending upon the time of year, more expensive when it's busier. So as long as they aren't booked and you have enough points, you can reserve any type of accomodation anytime of year. If you have points left over at the end of the use year, you can "bank" them for furture use. Likewise, if you need points in a particular year, you can "borrow" them from a subsequent year. It gets a bit more complicated than that because there are some additional rules about banking and borrowing but that's the jist of how DVC points work.
Debbie
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#9 User is offline   QuickGold 

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Posted 26 July 2008 - 10:36 AM

Great explanation Debbie :fozzy:
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#10 User is offline   TiggerRay 

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Posted 27 July 2008 - 09:22 AM

I know how borrowing works....we do it all the time...maybe too much.

I'm sure the explanation will be helpful for those that don't understand it.

My confusion was over..."What's borrowing?", then the tip of "Borrow, borrow, borrow". That didn't make sense to me.
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#11 User is offline   Figaro 

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Posted 27 July 2008 - 09:26 AM

TiggerRay said:

I know how borrowing works....we do it all the time...maybe too much.

I'm sure the explanation will be helpful for those that don't understand it.

My confusion was over..."What's borrowing?", then the tip of "Borrow, borrow, borrow". That didn't make sense to me.


I think he meant "What's Banking?" :evil:
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#12 User is offline   HDLady 

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Posted 27 July 2008 - 09:27 AM

Just thought I would give a quick DVC 101 explanation to anyone who might be reading the thread and didn't know what we were talking about..... I've found even some longtime WDW fans don't realize how DVC timeshares work.
Debbie
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#13 User is offline   TiggerRay 

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Posted 27 July 2008 - 09:30 AM

Figaro said:

I think he meant "What's Banking?" :evil:


Possibly.
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#14 User is offline   Eric 

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Posted 28 July 2008 - 08:38 AM

Yep, I meant banking. We never do it, and I can't foresee us ever banking points. We're always looking for more! ;)
Eric
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"Universal is like Wal-Mart with roller coasters."
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