Hey everyone, it's Jacqueline for Pixie Dust PhD! If something comes up and
you need to cancel your Disney Vacation Club reservation it's a bit more
complicated than a standard hotel. Most refundable hotel rates let you modify
your reservation three to five days before you check in without penalty. Since
Disney Vacation Club is essentially a timeshare it's a bit more difficult than
that. There are 3 main delineations when cancelling a DVC reservation, and
we'll go over those in today's video.
First, modifying a DVC reservation 31 or more
days in advance of check-in. If you were modifying your DVC reservation 31 or
more days in advance of your arrival that's essentially not a problem. When
you modify this into a new reservation, if your new reservation uses less points
than your old reservation (which you're changing), then those points will simply
go back as normal vacation points into your account and the same use year will
apply. If you find use year confusing we recently did a video going over that
term. Go ahead and click the card to learn more. If you do end up with net
positive points by modifying your reservation 31 days or more in advance,
be sure to bank them by the banking deadline. And if you need to know more
about banking go ahead and click the card to learn more. If instead of
modifying your reservation you're instead completely canceling 31 or more
days in advance of your arrival, all your vacation points will simply go back into
your account. Similarly, if you won't be able to use these points before your
use year's up, be sure to bank these points by the banking deadline or else you'll
simply lose them. Second, 30 days to one day before your arrival date. If you're
modifying your reservation between one day before your arrival date and 30 days
before your arrival date all of those vacation points will be moved into
what's called a holding account. So rather than being normal vacation points
these points now have additional restrictions placed on them. If your new
modified vacation uses fewer vacation points than your original changed
reservation, then those extra points are going to remain in your holding account.
These will expire at the end of the use year if they are not used. Instead of
modifying your vacation, if you're cancelling altogether during this period
then all of your vacation points will be moved into the holding account. So let's
go over imposed restrictions for points in your holding account. Vacation points
in your holding account can be used to make a reservation within 60 days of
check-in. So you no longer have that 11 month booking window advantage for your
home resort, or even the 7 month booking window for general DVC points. Selection
sixty days out, both for the different types of resorts as well as the
different types of rooms, may be limited so be sure to pack your patience and
flexibility. Also note that vacation points in the holding account cannot be
banked. These holding account points must be used by the end of your use year or
you will simply lose them. And third, modifying or canceling your reservation
on your arrival date. If you modify your reservation on your arrival date and the
new reservation costs less points than previously, note that that is largely
fine but you will completely forfeit all of your extra points. So instead of
pocketing them into your account, or into a holding account, they are just
gone. If you have to cancel on your arrival date all of the vacation points
you used for this reservation will be forfeited. So if at all possible you want
to avoid cancelling on the day of your arrival at all costs. So there's an
overview of the rules that apply to modifying or canceling a DVC reservation.
it's definitely not as straightforward as a standard hotel where you can often
cancel three to five days before your arrival without any penalties. If
circumstances are at all in your control, it's absolutely best for you to change
or cancel your reservation more than 31 days in advance of your arrival date. 30 to
one day in advance of your arrival date is not too bad; your points then move
into a holding account. This holding account has additional restrictions,
which can be a little bit of a pain, but it's better than losing out on your
points entirely. And then changing or cancelling your reservation on the day
of your arrival will probably result in you forfeiting points over, which is not
the best monetary value. Of course, situations come up and you have to take
care of you and your loved ones before thinking about your vacation, but just a
heads up when you're thinking about DVC that changing or canceling a
reservation is a little bit complicated. I hope you found this video helpful, and
if you did please give it a like, and consider subscribing to the channel. Go
ahead and ring the bell icon for notifications whenever I post new videos.
if you're a current DVC member have you ever had to change or modify your
reservation? Let folks know in the comments down below how your
modification or your cancellation went to help folks gauge if DVC is right for
them. Until next time, we'll see you real soon at Pixie Dust PhD!