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If it’s looking like your won’t be able to use your Marriott Vacation Club points within their intended use year, Marriott Vacation Club offers its owners the option to extend the life of your points through a process called banking. Depending on your underlying Marriott Vacation Club status, this will give you an extra 12-24 months to use your points before they expire for good. The only catch is that once you bank you will not be able to use your points until the next calendar year starts, and you need to do this within 6 to 4 months of your use year expiring ( again dependent on status). Let’s take a look at how to bank you Marriott Vacation Club points
The process of banking is quite simple to do, and we have banked points several years in a row, but this year we actually ran into a situation where we were going to be unable to use our banked points prior to their final expiration. If you’re in a similar situation, give Marriott a call, as we were able to secure an additional 18 months with some restrictions. Long story short…we had points from 2018 that we had banked, and they were set to expire in July of 2020, but now, we have access to them until the end of 2021.
First…check your Vacation Club Points Balance
You’ll see a calendar with varying dates corresponding to use years and banked years ( if you’ve banked in the past )
Pop open one of those menus
You’ll see your properties listed as well as any trust points you purchased and their corresponding expiration dates.
Here are the rules for banking points
There are currently 5 tiers of Marriott Vacation Club Ownership, and you need to realize that once you indicate you are banking, you will not be able to use those points until January 1st of the following year.
When you need to notify:
- 6 Months prior to the end of the use year
- The first 2 tiers of ownership, Owner and Select, must indicate to Marriott Vacation Club their intention to bank 6 months prior to the end of the year. That would be June 30th.
- 4 Months prior to the end of the use year
- The 3 top tiers, Executive/Presidential/Chairman’s Club must notify Marriott Vacation Club before August 30th
How long you will extend your points
- 12 months
- Owner, Select, Executive
- 18 months
- 24 months
- Chairman’s Club
You can bank online…
In much the same way as you found your balance…you can drop that menu down and select bank vacation club points.
You’ll then see a list of your properties and you can elect how many of the points you actually want to bank. Click bank points and a confirmation email will be sent to you.
You can use this VIP number to call in to bank 855-MVC-4VIP (855-682-4847)
Once you have done this, you’ll see that your points will change name in the account
How we extended our Banked points for an additional 18 months
We had a considerable amount of Banked points due to expire this July, and due to Covid, we were unable to use them. After phoning our Presidential line we were put on a brief hold and given the following option…extend the points for an additional 18 months with the following caveats
- They had to be used exclusively for Marriott Vacation Club properties
- They had to be booked within 120 days of arrival
You can see how they are now shown in our account.
If it’s looking as though you won’t have use for your Marriott Vacation Club points during their intended use year, banking can be a great way to extend the life of your points so they don’t go to waste. After you’ve banked, and have the option to prioritize your banked points so you make sure and use them up before using your next year’s points, or even combining them all together to enjoy a longer holiday.
Monkey Miles has partnered with CardRatings for our coverage of credit card products. Monkey Miles and CardRatings may receive a commission from card issuers
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