Good news! We finally have some information to share with our readers who are waiting to find out about their DVC points as well as an update on annual dues!
Disney World has just amended a few of its Disney Vacation Club policies that include some point extensions and a plan they’re currently working on regarding yearly fees! They sent out an email to share the news.
Expiring DVC Points
We know many of you have been wondering what would happen to your points that were going to expire during Disney World’s temporary closure. According to an email recently sent out by Disney, any “2019 Use Year points for April and June that are set to expire in 2020 and that were used for these reservations will be extended for one year from the current expiration date.”
Also, any “2018 Use Year points for April and June that were banked into 2019 and used for these reservations will be extended for six months from their current expiration date.”
Disney stated this policy is only temporary and only “includes expiring points that were used to book a stay between March 12 and the end of the closure period and that involve a reservation cancelled after February 29. In addition, to better support Member availability, Disney Vacation Club will not extend the life of our expiring developer points.”
And starting today, “Members who want to borrow points to complete a reservation will temporarily only be able to borrow up to 50 percent of their future Use Year points per contract, as permitted by your Home Rules and Regulations.”
By doing so, they’re hoping this will help members who want to schedule their vacations once the resorts reopen. They also wrote, “Points already borrowed for a stay outside the closure period will be honored, even if they are above the 50 percent threshold. We will continue to monitor our inventory and re-evaluate, with the goal of returning to our standard policy as soon as it is appropriate to do so.”
DVC Annual Dues:
Regarding annual association fees, Disney stated, “While lower operating costs are anticipated for each condominium association because of the closures, there are many unknowns ahead as the resorts return to operation. Our commitment to Guest and Cast safety remains our top priority, and changes may be implemented to the way we operate, which may add some new costs.”
“Given the unique circumstances of this situation, the proposal is to issue a credit to Members in mid-December as part of the distribution of Annual Dues Statements for 2021 if their association has an operating surplus (as opposed to rolling all surpluses into reserves).”
It looks like this proposal is only in the early stages of development and we’ll have to wait a little longer until they officially update their policy on annual dues. If you have any questions, you can see the updated policy on DVC’s website here.
We’re so happy to finally be able to bring you the good news you’ve been waiting for so you can start re-booking your trips to Disney World!
Have you been waiting for news regarding your DVC points? Let us know in the comments below how you’ll be celebrating!