Most temporary policies put in place to aid Disney Vacation Club members during the COVID-19 pandemic are going away at the end of April.
In a statement posted to the members-only website, DVC has revealed that exceptions to point management policies are set to end on April 30, 2021. Effective May 1, the traditional rules for cancelations--including Holding account--and banking of points will resume.
Some of the temporary adjustments made last year to certain Disney Vacation Club policies will end April 30, 2021. Previous policies will be reinstated on May 1, 2021. Please visit the Member website for details about policies related to reservation cancelations, the borrowing and holding of Points, exchange fees and more.
The standard rules dictate that reservations must be cancelled 31 days or more prior to arrival in order to retain full use of the points. Those vacation points may then be used for any future booking within the Use Year, with no additions restrictions. Cancelations which occur 30 to 1 days prior to arrival result in the points being placed in a Holding account. Holding points may only be used to re-book any available rooms 60 days prior to arrival. Same-day cancelations result in forfeiture of points.
Banking of points can only occur within the first 8 months of the Use Year.
Both of these guidelines had been frequently ignored dating back to March 2020, with DVC Member Services allowing owners to cancel trips without applying the Holding account rules and/or bank points beyond the normal deadline.
Not immediately changing is the temporary restriction which limits owners to borrowing of no more than 50% of their points.
As a reminder, 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. Doing this will help manage inventory and accommodate more Members who want to schedule their vacations.
Disney Vacation Club normally allows its owners to borrow 100% of their points from the next Use Year. Due to the backlog of member points occurring during the pandemic, borrowing is indefinitely capped at 50% of each contract in order to give priority to use of banked and current-year points.