Keeping watch on Trendwest / WorldMark by Wyndham

Thursday, April 14, 2005

A question on transferring points

This came in from a reader:
Fabbo
Still following your interesting site.

I have one question which is quite important. From my reading of the
PDS, premier points are only available at a presentation. What happens
to points purchased from ebay (or other) and transferred? Do they remain
premier points (even though not obtained at a presentation) or are they
converted to standard? It appears that trendwest have final approval on
this. I can see that if you already own units and purchase more from
ebay then they would probably retain premier status, but what happens if
your first purchases are from ebay??? What experience have people had on
purchases?

Thanks

Glynn
That made me laugh a bit. I learned on my Information Evening that nobody apparently ever buys Standard points. Either they buy on the night, or they're never seen again!

Anyway, my understanding is that preimier points remain as premier points. Be aware that transfers can only happen to other WorldMark unitholders. Giving points to non-unitholders is "renting" and doesn't involve WorldMark. So, I guess as long as the transferer and transferee are both Premier Owners, the points would remain as such.

The fact that Trendwest has final say probably means that they'd block transfers in strange situations where somebody appears to be taking advantage of the system, or where it is causing a disadvantage to Trendwest themselves. My advice -- keep a low profile!

Does anybody else have some advice or experience on this topic? If so, hit the comment link below!

-- Fabbo.

Tags:

2 Comments:

  • Premier memberships can be bought and sold anytime for the $200 transfer fee. The final approval bit is so someone doesn't buy say 100,000 of them and rent out rooms to the public like a hotel.

    By Anonymous Anonymous, at Saturday, 16 April, 2005  

  • "Anyway, my understanding is that preimier points remain as premier points." CORRECT

    "Be aware that transfers can only happen to other WorldMark unitholders." NOT CORRECT, ANYONE CAN BUY A RESALE OWNERSHIP.

    By Anonymous Anonymous, at Saturday, 16 April, 2005  

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