Becoming a Diamond Resort member is a great way to experience luxurious holidays and enjoy exclusive benefits and privileges. However, before you decide to become a member, it’s important to understand how much it will cost you. In this article, we’ll break down the costs associated with becoming a Diamond Resort member.
Membership Types
Diamond Resorts offer two types of membership: Club and Trust. The Club membership offers more flexibility in terms of booking options, while the Trust membership provides more long-term benefits. The costs associated with both memberships vary based on several factors.
Club Membership Costs
The Club membership has an initiation fee that ranges from $4,000 to $21,000 depending on the level of membership you choose. An annual maintenance fee is also charged, which ranges from $300 to $1,400 depending on the level of membership.
In addition to these fees, members are required to purchase points that can be redeemed for stays at Diamond Resorts properties. The cost per point varies based on the level of membership and can range from $8 to $13 per point.
Trust Membership Costs
The Trust membership has an initiation fee that ranges from $10,000 to $50,000 depending on the level of membership you choose. An annual maintenance fee is also charged, which ranges from $700 to $2,500 depending on the level of membership.
Unlike the Club membership, Trust members do not purchase points but instead receive an allotment of weeks each year that they can use at Diamond Resorts properties.
Additional Costs
In addition to the above fees, there are other costs associated with being a Diamond Resort member. These include booking fees when making reservations at certain properties and exchange fees if you want to use your points or weeks at a different resort than your home resort.
The Bottom Line
Becoming a Diamond Resort member can be a great investment for those who enjoy luxury travel and want exclusive benefits and privileges. However, it’s important to understand the costs associated with membership before making a decision.
The Club membership is generally more affordable but requires the purchase of points, while the Trust membership has higher upfront costs but provides more long-term benefits. Regardless of which membership you choose, it’s important to factor in additional costs such as booking fees and exchange fees when budgeting for your vacations.