Please Explain RCI Points Time Frame/deposit time/usage length -new owner

[gaylebat Junior Member Find all posts View Profile Close gaylebat]

I am new to Timeshare and still awaiting the finalisation of same.
I have a floating week with RCI points). When it is finalised I will need to join RCI to have the 52000 points from the Member I am buying it from transferred into my account.

When I sign up with RCI and get the points transferred into my account, will I also receive more points (aproximately 52000, when I deposit my floating week with RCI?

Also with the 52000 points that I am getting from the other member, will the year to use these points start with me joining and depositing my floating week, or does it depend on how long the other member has had these points.

Any help with this would be appreciated.

Gayle

[GrayFal Silver Contributor and supermoderator Find all posts View Profile Close GrayFal]

All good questions and since I do not own points I can't really answer except one. The points have a beginning and end based on ??? So if the previous owner has had the points for one year, they might only have two years of use left. I say maybe because I assume they work similar to weeks.

A points own will come along and answer, I am going to tweak your thread title to be more specific.

[chriskre Super Moderator Find all posts View Profile Close chriskre]

I am new to Timeshare and still awaiting the finalisation of same.
I have a floating week with RCI points). When it is finalised I will need to join RCI to have the 52000 points from the Member I am buying it from transferred into my account.

When I sign up with RCI and get the points transferred into my account, will I also receive more points (aproximately 52000, when I deposit my floating week with RCI?

Also with the 52000 points that I am getting from the other member, will the year to use these points start with me joining and depositing my floating week, or does it depend on how long the other member has had these points.

Any help with this would be appreciated.

Gayle

The date you open your RCI account will become your anniversary date for your points account. If they are transferring points to you, you'll want to open your RCI account at closing so you can receive those points at closing.
You will need to have that account and do it all in one transaction. You will inherit the age of their points for the free points they are transferring to you. If they haven't extended them then you can pay to extend them.

As for normal points you have the first year to use them. If you do any reservations with those points then they will be saved for a second year for free. If you don't do any reservations then you have to pay a small fee I think $25 to save them to the 2nd year. If you need to save them again for a 3rd year then you pay a sliding scale fee depending on how many points you have. I think the max is $99 to save them to a third year.

I recommend that you keep ahead by always borrowing so you don't have to pay any saving fees. I have rarely paid any fees unless I'm trying to make a future reservation far in advance.

Once you have your account up and running RCI will automatically allocate RCI points for your week. You don't have to do anything unless you don't want the points and want to use your underlying week. Then you have a deadline that you will need to inform RCI about. Not sure the specifics on that since I've never nor I ever plan on using my underlying week.

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

To me the three important things to consider with RCI Points are:

1. your home resort and home group matters - because - you get a 303 day booking window at all points resorts (good), but you get 304-334 days out at your home group (better) and you get 335-365 days out at your home resort (best).
For example we have Meadow Lake for a home resort where we like to go often, so I can book late August 2012 now long before any non owners can. I can also often get a weekend there at the last minute.
I also have VV@P as a home resort (I have 5 home resorts) so I am grouped with all the Dailymanagement group and can get reservations 304-334 days out - before any other RCI Points members can (except the home resort owners).

2. Don't get too many points - I have 213K points every year and would actually like to have fewer (maybe 140K) - such is life.
Go here: http://www.rci.com/GPN/CDA/Common/pd...idsUpdate1.pdf
to see how many points you'll need to do what you want to do. You can always rent more points to fill out a vacation - but having extra can be an issue to use before they expire (but not as bad as a week you can't use IMO).

3. When you buy don't overpay: A real smokin' solid deal is less than a penny per point in MF's costs along with closing under $300 and this years points thrown in for for free. A resonable deal would be points @ a penny to 1.5 cents each in MF's along with $500 in closing and no free points IF it's at a resort you want for a home resort.

3a. A red week gives you more points per MF (generally) than a white or blue week.

[gaylebat Junior Member Find all posts View Profile Close gaylebat]

Points

We are buying at the cost of $1,000 plus closing cost of $400 for 1 Floating week with 52000 points attached.

[gaylebat Junior Member Find all posts View Profile Close gaylebat]

Points

This is my first Timeshare purchase which we paid $1000 plus legals of $400 and with this we get 1 Floating week at Vacatiion Village Port Macquarie which is a RCI points resort. The person we are buying this from then has to transfer the 52000 points from their RCI account on finalisation of the Contract.

I was just wondering if when I then open my account with RCI and then get the 52000 points transferred from the other person and then I bank my 1 floating week(52000 points) with RCI, do I then get another lot of points for banking with RCI, or am I being greedy.

Also how long I have to use the points from the other person before they will expire.

Just wanting to know if I will end up with aprox 104,000 points in the first year I bank with RCI.

[GrayFal Silver Contributor and supermoderator Find all posts View Profile Close GrayFal]

We are buying at the cost of $1,000 plus closing cost of $400 for 1 Floating week with 52000 points attached.

What are the yearly MFs for the 52,000 points?

[gaylebat Junior Member Find all posts View Profile Close gaylebat]

Points

$632.00

[chriskre Super Moderator Find all posts View Profile Close chriskre]

This is my first Timeshare purchase which we paid $1000 plus legals of $400 and with this we get 1 Floating week at Vacatiion Village Port Macquarie which is a RCI points resort. The person we are buying this from then has to transfer the 52000 points from their RCI account on finalisation of the Contract.

I was just wondering if when I then open my account with RCI and then get the 52000 points transferred from the other person and then I bank my 1 floating week(52000 points) with RCI, do I then get another lot of points for banking with RCI, or am I being greedy.

Also how long I have to use the points from the other person before they will expire.

Just wanting to know if I will end up with aprox 104,000 points in the first year I bank with RCI.

What floating week are you talking about? Do you own another week somewhere that you are going to deposit for the points for deposit?

If not, then if the owner is giving you 52K points that he has banked, if they are for this year 2011, then you won't get your points again until next year although you can borrow ahead if you pay your Maintenance Fees ahead of time if it's required at your home resort. If he's giving you banked points from 2010 then you'll have til next year to use them if you pay to extend them. So if you get 52K banked from 2010, 52K for 2011 then you can borrow 2012 52K for a total of 156K available to book with if that's the case.
I hope I'm not confusing you.

Oh just went back and read. You don't have to bank your floating week with RCI. Once you open the account it will happen automatically unless you tell them otherwise.