Are you a Marriott Vacation Club owner? Do you ever wonder how long you can bank your points for future use?
Well, wonder no more! In this article, we will explore the answer to that very question.
First off, let’s define what “banking” means in the context of Marriott Vacation Club points. When you own a timeshare with Marriott Vacation Club, you are allotted a certain number of points each year that can be used to book vacations at various properties within the Marriott portfolio. If for some reason you are unable to use all of your points in a given year, Marriott allows you to “bank” those unused points for future use.
So, how long can you bank those points? The answer is simple – you can bank your unused points from one Use Year to the next Use Year. Let’s break that down a bit further.
Each timeshare owner with Marriott Vacation Club has a designated Use Year. This is essentially the 12-month period during which your annual allotment of points becomes available for use. For example, if your Use Year starts on January 1st, then your annual allotment of points would become available on that date each year.
If for some reason you do not use all of your allotted points during your designated Use Year, then you have until the end of the following Use Year to “bank” those unused points for future use. For example, if your Use Year starts on January 1st and ends on December 31st, and you have unused points at the end of that year, then you would have until December 31st of the following year to bank those unused points.
It’s important to note that banking is not automatic – it’s up to each individual owner to make sure they bank their unused points before they expire. Additionally, there are some restrictions on how many points can be banked from one year to the next. According to Marriott Vacation Club’s official website, owners can only bank up to 50% of their annual allotment of points.
In addition to banking, there are other options available to Marriott Vacation Club owners who find themselves with unused points. One option is to borrow points from a future Use Year.
For example, if you know you will need more points for a vacation in the current Use Year, you can borrow points from the following year’s allotment. However, it’s important to note that borrowed points must be used within the current Use Year – they cannot be banked for future use.
In conclusion, Marriott Vacation Club owners can bank their unused points from one Use Year to the next. The amount of time allowed for banking is one year, and there are some restrictions on how many points can be banked.
It’s important for owners to keep track of their annual allotment of points and make sure they use or bank them before they expire. With these tips in mind, you can make the most of your Marriott Vacation Club ownership and enjoy amazing vacations for years to come!