We used our MVC points for a Collette tour a year or two back. While not the best value, we were very happy with the trip. We considered booking with cash, but we preferred one of the MVC Exclusive tours only open to the MVC owners. The tour we choose had a lower activity level than the other cash tours... Talking with some of the other owners on the trip, I was surprised how many of them use their points for tours every year.
Yea, the owner only tours are a little harder to compare to cash values. I don't necessarily see an issue using them for these as long as one understands the "added cost". Many people may not want to sink a bunch of cash into a trip when they have already spent a bunch of cash on annual maintenance fees. They may also only be able to take one or two trips a year, so using the points for this does provide them with more options. For those trying to extract the most value, these offerings aren't the best use of points. Thanks for watching and being a channel member!
I'm not sure what you mean. They are already Marriott Club Points to start out with. Did you mean converting them to Club Points? If so, that is available from the link in the description.
Cruises are a terrible use of your points. I learned this over the pandemic when I got a cash refund for a cruise I booked using points. Got $1100 for a cruise that I used over 3400 points for. The bigger issue in my opinion and why people are forced into these high point, low value transactions is because they are unable to reserve desired MVC properties because the weeks owners are not releasing their weeks. BTW, buying more points doesn't really fix that problem.
@@AK-md7bg Yeah I'm just starting to learn about timeshares. From what I can figure out at this early stage is that MVC points are a terrible deal. I would never buy them for the reasons you list among others. Buy the weeks seems like a much better deal.
@@brianglas7768 MVC points are very expensive. You get more flexibility but you pay for that in a much higher cash cost vs fixed 7 night vacations that you get with weeks based ownership. Marriott weeks are a better deal IMO. Thanks for watching!
@@AK-md7bg Thanks for watching. For sure, buying more never solves the problem except helping the salesperson earn more money. That isn't my problem. Availability always seems to be a concern now with MVC points.
I am with Hilton timeshare system but I have a question. What if a person just creates their own "timeshare" system? One with zero maintenance fees, no costs to book a vacation, flexibility to use as much or as little as you want annually with no additional costs, unlimited resorts and hotels regardless of brand, and easy exit if you decide it isn't for you. How to do this? Just put in a savings account 50K (or whatever you want) and have it dedicated for your travel. You are the timeshare to yourself. You book your stay directly with the hotel chain or thru a third-party discount service. There is no additional costs to you since you are paying with your vacation savings account.
That is certainly a good way to go. Just pay cash. At today's rates, interest on $50,000 will cover a good chunk of the travel costs. The only drawback can be that you may be in small standard hotel rooms where most timeshares are larger like one bedroom or two bedroom units. This can allow you to bring people along with you and save money over multiple hotel rooms or booking larger units at major resorts. Buying resale is the best of both worlds. You save on the huge upfront costs and can still get the long term savings booking larger units.
Excellent information. I never considered using points for Marriott events but it looks like a fair deal.
We used our MVC points for a Collette tour a year or two back. While not the best value, we were very happy with the trip. We considered booking with cash, but we preferred one of the MVC Exclusive tours only open to the MVC owners. The tour we choose had a lower activity level than the other cash tours... Talking with some of the other owners on the trip, I was surprised how many of them use their points for tours every year.
Yea, the owner only tours are a little harder to compare to cash values. I don't necessarily see an issue using them for these as long as one understands the "added cost". Many people may not want to sink a bunch of cash into a trip when they have already spent a bunch of cash on annual maintenance fees. They may also only be able to take one or two trips a year, so using the points for this does provide them with more options. For those trying to extract the most value, these offerings aren't the best use of points. Thanks for watching and being a channel member!
What about converting them to marriot club points?
I'm not sure what you mean. They are already Marriott Club Points to start out with. Did you mean converting them to Club Points? If so, that is available from the link in the description.
Another excellent video. I have learned much from you here and on TUG.
Cruises are a terrible use of your points. I learned this over the pandemic when I got a cash refund for a cruise I booked using points. Got $1100 for a cruise that I used over 3400 points for. The bigger issue in my opinion and why people are forced into these high point, low value transactions is because they are unable to reserve desired MVC properties because the weeks owners are not releasing their weeks. BTW, buying more points doesn't really fix that problem.
@@AK-md7bg Yeah I'm just starting to learn about timeshares. From what I can figure out at this early stage is that MVC points are a terrible deal. I would never buy them for the reasons you list among others. Buy the weeks seems like a much better deal.
Thanks for watching and glad that you've found the videos and my posts helpful!
@@brianglas7768 MVC points are very expensive. You get more flexibility but you pay for that in a much higher cash cost vs fixed 7 night vacations that you get with weeks based ownership. Marriott weeks are a better deal IMO. Thanks for watching!
@@AK-md7bg Thanks for watching. For sure, buying more never solves the problem except helping the salesperson earn more money. That isn't my problem. Availability always seems to be a concern now with MVC points.
I am with Hilton timeshare system but I have a question. What if a person just creates their own "timeshare" system? One with zero maintenance fees, no costs to book a vacation, flexibility to use as much or as little as you want annually with no additional costs, unlimited resorts and hotels regardless of brand, and easy exit if you decide it isn't for you. How to do this? Just put in a savings account 50K (or whatever you want) and have it dedicated for your travel. You are the timeshare to yourself. You book your stay directly with the hotel chain or thru a third-party discount service. There is no additional costs to you since you are paying with your vacation savings account.
That is certainly a good way to go. Just pay cash. At today's rates, interest on $50,000 will cover a good chunk of the travel costs. The only drawback can be that you may be in small standard hotel rooms where most timeshares are larger like one bedroom or two bedroom units. This can allow you to bring people along with you and save money over multiple hotel rooms or booking larger units at major resorts. Buying resale is the best of both worlds. You save on the huge upfront costs and can still get the long term savings booking larger units.