PIC Question(s)

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

I read the documents about PIC Plus on the Yahoo groups, and I'm sure I misunderstood something. (No surprise).

Anyway, my question is, I have 308k developer purchased points, so if I bought, say this eBay listing for example:

eBay: 3 BR CRYSTAL BEACH Red Week FLORIDA Timeshare Deed (item 270128647960 end time Jun-12-07 17:45:00 PDT)

I could submit it to Fairfield as a PIC Plus resort, pay $50 transaction fee, and they would add 254k more points to my account which would make me a VIP Gold? Every year I'd have to pay $50 transaction fee for them to deposit the 254k? Or, even though I already own 308k points, would I still be required to purchase an additional 77k from FF/Wyn?

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

You need to do a developer purchase to enter an RCI property into the PIC program. A 154K Every Other Year purchase may reduce the developer purchase price a little. Add two 3Br red RCI weeks (FF may be getting picky and could require that they be from Gold or Silver Crown resorts) for 126K annual or 252K EOY.

If you would have known about this before buying BC (assuming this was a developer purchase) - you could have added two PICs at 254K each to get you another 508K qualifying VIP points.

You need to follow the strict timetable for depositing the week into RCI and contacting FF at least 10 months prior to the check in date for the PIC week to have it added into your FF account at 254K points. Yes the $50 transaction fee is each PIC for each year.

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

Ahh ok, thanks! Yes, my 308k was developer purchased (cringes for the backlash!), but when I purchased them, I was not as informed as I am becoming now. The good thing though is they are at a property which I'll be frequenting with my kids.

Anyway, thanks for the clarification! I'll keep it in mind for the future!

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

I checked out this eBay ad and it's for a week in January 2008. If you were interested in it, you couldn't bank as a PIC property until Feb-March 2008 for the 2009 week, assuming you completed a developer purchase before that date. So you'd be stuck using the January 2008 week or depositing it into an exchange company.

FF takes a while after a purchase to verfiy your PIC property, so do keep that in mind if you ever decide to add a PIC. You may not be able to exchange the PIC property for FF points the first year after the developer purchase.