Are you considering joining the Holiday Inn Vacation Club? Before you make a decision, it’s important to understand the costs involved. Let’s take a closer look at how much it costs to join the Holiday Inn Vacation Club.
Membership Types
First, let’s discuss the different types of membership available in the Holiday Inn Vacation Club. There are three different levels of membership: Silver, Gold, and Platinum.
Silver Membership
The Silver membership is the most basic level of membership. It gives you access to all Holiday Inn Club Vacations resorts and some partner resorts. You also have the ability to exchange your points for other vacation options through Interval International.
Gold Membership
The Gold membership includes all the benefits of Silver membership plus additional perks like priority booking, bonus points each year, and discounts on cruises and car rentals.
Platinum Membership
The Platinum membership is the highest level of membership and includes all the benefits of Gold membership plus exclusive access to luxury resorts, additional bonus points each year, and even greater discounts on cruises and car rentals.
Costs
So how much does it cost to join the Holiday Inn Vacation Club? The cost varies depending on several factors such as your desired level of membership, how many points you want to purchase, and whether you choose to finance your purchase or pay in full upfront.
Initial Purchase Price
The initial purchase price for a Silver membership typically ranges from $8,000 to $20,000 depending on how many points you want to purchase. Gold memberships typically range from $21,000 to $40,000 while Platinum memberships range from $41,000 to $70,000.
Annual Fees
In addition to the initial purchase price, there are also annual fees associated with membership. These fees cover the cost of maintaining the resorts and providing services to members. Annual fees for Silver membership typically range from $600 to $1,000 while Gold membership fees range from $900 to $1,400 and Platinum membership fees range from $1,300 to $2,000.
Financing Options
Holiday Inn Vacation Club offers financing options for those who want to spread out the cost of their membership over time. Depending on your credit score and other factors, you may be able to secure a loan with an interest rate between 12% and 15%. Keep in mind that financing will increase the overall cost of your membership due to interest charges.
Conclusion
Joining the Holiday Inn Vacation Club can be a great way to enjoy luxurious vacations year after year. However, it’s important to carefully consider all the costs involved before making a commitment.
Take into account your budget and travel preferences when deciding which level of membership is right for you. With careful planning and consideration, you can make an informed decision that allows you to enjoy all the benefits of vacation ownership without breaking the bank.