The way we vacation is always evolving; once upon a time the timeshare industry was rigid and very expensive, but these days the timeshare and vacation club industry runs on the usage of membership points and the flexibility they offer. Being able to bank and borrow timeshare points is a huge benefit of Villa del Palmar timeshare memberships. These functions can be used in many ways to benefit of you and your travelling companions.
How do banked points work with Villa del Palmar timeshare?
If you don’t use all of the Villa del Palmar timeshare points that you have been allocated in any given year and you are a full member you can bank up to 100% of your allocated points for up to five consecutive years for use at a later date. If you’re a biennial member you can bank Villa del Palmar timeshare points until the next period. Any timeshare points that have been banked can be used in the same way as your yearly or biennial allocation (although there are exceptions for the holiday weeks – see below).
If you wish to bank Villa del Palmar timeshare points, you will need to do so before the yearly deadline, in accordance with the appropriate notice guideline, otherwise you may be charged a fee for late deposit. Remember that regardless of whether you bank these timeshare points, you are still liable to pay the maintenance fees for them. Therefore, it is in your interest to remember to bank them. Also be aware that those Villa del Palmar timeshare members who are behind on any payments and maintenance fees, or those who have not complied with correct documentation, might be denied the right to bank their points.
How does borrowing work with Villa del Palmar timeshare?
Villa del Palmar timeshare members can also borrow points from up to five years in advance of the current calendar year (if they are full members), or from the next period (if they are biennial members), and borrowed club points may be used to reserve accommodations up to two years in advance of your check-in date at Villa del Palmar timeshare resorts. As with allocated points the right to use your borrowed point is subject to compliance with upkeep of maintenance fees, and the reservation of units is done on a first come, first serve basis.
Holiday weeks at Villa del Palmar timeshare resorts may only be booked with regular annual club points and may not be reserved using banked or borrowed points. The holiday weeks should be stipulated in your contract but generally apply to Christmas and New Year, Thanksgiving, Presidents’ Week and Easter.