What happens if you cancel a week pre-assigned trading power?

[grest Senior Member Find all posts View Profile Close grest]

Just wondering, since we may have to do just that...we have a week we confirmed several months ago. If we cancel it, will trade power points be assigned?

[bellesgirl Senior Member Find all posts View Profile Close bellesgirl]

I canceled a week and I got trading points for it. We had insurance so we probably got more points tha we would have otherwise, but you should get points back. How far out is your week good for?

[grest Senior Member Find all posts View Profile Close grest]

It's a 2010 week that was deposited a year ahead. We also had purchased insurance, so we should get back whatever total value it had/has, if what you are saying works for us too. Thanks.

[lawren2 Malibu Beach Barbie & A Super Moderator Find all posts View Profile Close lawren2]

FWIW I have cancelled an insured week and it was NOT given it's initial value. The very best thing to do is cancel with your replacement ready to give the rep when you call. I'd be willing to bet that the week had better trading power prior to this last enhancement.

[bellesgirl Senior Member Find all posts View Profile Close bellesgirl]

I agree. I canceled a week that I am sure was as strong as another current week I own, based on what I could see with both weeks prior to the exchange. When I canceled the week I got a lot of points back, but not as many as the current week is valued. It still worked for me because I was able to book a comparable replacement exchange for 40% of the points.

[grest Senior Member Find all posts View Profile Close grest]

good advice; thank you.

[jlwquilter Senior Member Find all posts View Profile Close jlwquilter]

I must have got lucky. When I did the cancel with insurance a few days ago I got back what the deposit calculator said was max TPUs... no discount taken at all. I had deposited 2 years in advance though... maybe that made a difference?

Furthermore, the number was more than what the calculator said I'd get when I deposit my 2012 week. The valuation for 2012 is low so I am hoping that it'll go up as demand grows.

[JLB Please excuse me, I'm a Dick. Not a moron just a Dick Find all posts View Profile Close JLB]

I vote with the majority . . . there is no reason to believe that the policy of reducing trading power for cancelling has been changed, and that it is best to have replacement lined up, searching with another deposit.

It has always been the policy that it would be redeposited as a late deposit.

However, it is a crapshoot as to whether they will now allow the switch, because of TPUs.

There's lotsa things we are yet to find out, so keep us posted.

[bevvy5 Moderator Find all posts View Profile Close bevvy5]

I had insurance and cancelled right after the change. I called in and the rep was able to tell me how many credits I would get - it was correct.

My 2011 week at that resort is worth 48 credits, my 2010 week, the one I got back, is worth 46. So a negligible difference - it wasn't EXACTLY the same week - both were summer SoCal.

No idea what the penalty would be if you don't have insurance - but again at least you should be able to know ahead of time. To me, that's an improvement over the old system.

[grest Senior Member Find all posts View Profile Close grest]

I do have insurance, so I'm hoping that will do what it intended to do, which was to retain the same trade power...we'll see.