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Author Topic:   Conversion To and Sale of Points
sobaka

Non Member

Posts: 8
From:
Registered: Feb 2005

posted 02-12-2005 00:51     Click Here to See the Profile for sobaka   Click Here to Email sobaka     Edit/Delete Message   Reply w/Quote Post A Reply
Greetings:

I am new to TUG and I have a few questions about coverting to the points system, as well as the value of points. Please forgive me -- I know this is all well trodden ground for most of you.

I am writing this post because, on a recent trip, I received a sales presentation from WROMAN, a company trying to "sell" points coversions for RCI for $2,900 for all of my three weeks(which would include a "free" deeded week to a low-end points resort). I was told that I should have no problem selling 9,000 points through TUG for $800 - $1,000 (net) per year.

I have the following questions:

1. What are points really worth? I can get about 130,000 points per year. What can these be "rented" or "sold" for?

2. Does it make sense to covert to the points system, especially since my timeshare has very strong trading power?

3. What is the least expensive way to convert to the points system? Remember I have 3 weeks. I do not believe my home resort (Kamaole Beach Club) is a points resort at this time.

4. Does TUG really act as a broker or sales agent for the renting or selling of points? If so, how does the process work?

5. Can I really expect to get $800-$1,000 for 9,000 points? This would mean that I would be able to sell my 130,000 points each year for about $13,000 annually. This sounds too good to be true.

6. What can anyone tell me about WROMAN? The people I dealt with seemed nice, but they are in the sales business after all.

I would appreciate any education or ideas you can give me.

Thank you.

Sobaka

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Tom52

TUG Member

Posts: 103
From: Naperville, IL USA
Registered: Apr 2004

posted 02-12-2005 04:51     Click Here to See the Profile for Tom52   Click Here to Email Tom52     Edit/Delete Message   Reply w/Quote Post A Reply
I am no expert on RCI points but it sounds like Stroman is trying to give you a "free" deeded week to a low-end points resort", which actually means WROMAN is SELLING you a low-end points resort for $2,900 which allows you to deposit you existing three non points weeks via the RCI points for deposit program. If this is the case, you can purchase your own low-end RCI points resort for about $1,000 which gives you the same thing that WROMAN wants to charge you $2,900. Please note that RCI can pull the plug at any time on the points for deposit program and you would be left with a $2,900.00 dog.

I gambled and purchased a low-end points resort for under $1,000 and I could generate about 300,000 points per year from my "weeks" resorts if I wanted. If 9000 points were anywhere near $800-$1000 I would invest another $20,000 in CMV UDIs and have a new high paying career selling RCI points for $0.10 per point. 9000 RCI points won't get anything unless it is within 45 days of check in, and the pickings will be slim.

I suggest you join TUG and hang around for a while to educate yourself before considering a plunge into RCI points. There will likely be others, with much more experience than me, adding their insite.

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SGinny

TUG Member

Posts: 25
From:
Registered: Dec 2004

posted 02-12-2005 07:42     Click Here to See the Profile for SGinny   Click Here to Email SGinny     Edit/Delete Message   Reply w/Quote Post A Reply
4. Does TUG really act as a broker or sales agent for the renting or selling of points? If so, how does the process work?

With my limited knowledge, NO, TUG does NOT act as a broker OR sales agent for anything. You can pay $10 per ad to advertise timeshares, etc. - but then it is up to you to do your own negotiating, etc. It's sad to hear that TUG is being represented by salespeople as a place that DOES such things. By the way, if you join TUG - the best $15/yr one can spend to become knowledgable about timeshares - Tug is a non-profit web site for timeshare users - it is operated by volunteers and serves as an excellent source of information of experience of other timeshare users/owners. As the last person suggested, hang around here for awhile and you won't be disappointed. SGINNY

[Edited to remove advertisement for a personal gain. This is against TUG rules. Phil]

[This message has been edited by philemer (edited 02-12-2005).]

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philemer
Moderator
TUG Volunteer

Posts: 2558
From: Idaho-God's Country.
Registered: Oct 2001

posted 02-12-2005 08:25     Click Here to See the Profile for philemer   Click Here to Email philemer     Edit/Delete Message   Reply w/Quote Post A Reply
RCI will not allow you to sell or rent your points. If they catch you they can close, or suspend, your acct. One exception is that a 'weeks' or 'points' reservation may be given to another person and you are allowed to ask them to pay you for the exchange fee & the Guest Certificate fee.

Read the posts on the Ask RCI board for the last couple of months and join TUG and you can search the forums for the info. you want. Welcome aboard.

Phil

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sobaka

Non Member

Posts: 8
From:
Registered: Feb 2005

posted 02-12-2005 20:12     Click Here to See the Profile for sobaka   Click Here to Email sobaka     Edit/Delete Message   Reply w/Quote Post A Reply
FYI, I joined TUG last night. I got much more than my $15.00 membership fee back in the first 15 hours or membership.

I still have a couple of questions, though:

1. What can I really expect to receive in exchange for my RCI points?

2. How does one go about renting or selling them?

3. I was told that all resort costs no more than 9,000 points to book? Is this only within the 45 day window before travel? If not, how are the "good" weeks and resorts rationed out?

Thanks for the continuing information.

Barry

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Tom52

TUG Member

Posts: 103
From: Naperville, IL USA
Registered: Apr 2004

posted 02-13-2005 05:08     Click Here to See the Profile for Tom52   Click Here to Email Tom52     Edit/Delete Message   Reply w/Quote Post A Reply
quote:
Originally posted by sobaka:
FYI, I joined TUG last night. I got much more than my $15.00 membership fee back in the first 15 hours or membership.

I still have a couple of questions, though:

1. What can I really expect to receive in exchange for my RCI points?

2. How does one go about renting or selling them?

3. I was told that all resort costs no more than 9,000 points to book? Is this only within the 45 day window before travel? If not, how are the "good" weeks and resorts rationed out?

Thanks for the continuing information.

Barry


1. Go to RCI.com and you can see the points value for any RCI Points resort. If you are looking for a resort for only 9000 points, I have never run across any 9000 point full weeks, but again within the 45 day window everything is available for 9000 points. But with points you can reserve a minimum of only one or two days, (not sure if it is a minimum of two or if you can book one day at a time).

2. To sell anything you have to find a willing buyer, ebay has a huge audience. I have seen RCI points for sale on ebay but I can't say whether this is acceptable according to RCI rules. You should call RCI and ask them. I don't recommend emailing them because they never seem to respond.

3. If you were told that all RCI resorts cost no more than 9000 points to book a full week, without qualifying it with the 45 day window, you were lied to. The resort I just booked was 30,500 points for a one bedroom unit. The units available for reservations with RCI points are on a first come first serve basis. You have to do your own leg work. Again, go to the RCI website, get into the points resort section. Enter the location or resorts where you want to visit, along with the dates and do a search. If anything matches your criteria you can then read about the resort and also see how many points it takes to make the reservation.

What exactly is Wroman trying to sell you????

[This message has been edited by Tom52 (edited 02-13-2005).]

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sobaka

Non Member

Posts: 8
From:
Registered: Feb 2005

posted 02-13-2005 23:06     Click Here to See the Profile for sobaka   Click Here to Email sobaka     Edit/Delete Message   Reply w/Quote Post A Reply
Tom:

At the end of a long presentation about the benefits of converting to points, Wroman proposed that RCI would charge me $2,900 to covert me 3 weeks in Hawaii, and would throw in a garbage week in a points resort in Texas (to enable me to convert) for "free."

In the course of the presentation, the salesman told me that he had successfully rented 9,000 points through TUG for the past several years for between $800 and $1,200. Of course, if these were true, I would be able to rent my 130,000 points each year for about $15,000.

The salesman told me that I should be able to do this, and he complimented me on being so savvy. I told him that I was not going to buy anything until I checked it out myself and confirmed the marketability of points.

In the two days since I joined TUG, it has become clear to me that the salesman was full of it. I'm glad I held off.

Barry

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cz

TUG Member

Posts: 3231
From: The Rushes wk 26, Lake Forest wk 3, Christmas Mt 5 UDI's up to 17 wks each UDI. 2 Cottages & 3 OakTimbers. RCI Points, and wk. 10 Driftwood Inn
Registered: Mar 2002

posted 02-14-2005 06:57     Click Here to See the Profile for cz   Click Here to Email cz     Edit/Delete Message   Reply w/Quote Post A Reply
Barry, that Texas Points resort maybe Sam Rayburn which still can be had for a bit under a $1,000.

There is no need to give the $%@@#T())*(%#@#^()*$%@$^&^^((%##%^ salesman $2,900 to get into RCI points.

Tom52 can tell you that few Tug Cheap basta**s own at Sam Rayburn.


Also if there was someway to grab those few 9,000 RCI Points weeks and legally rent them out at that ratio then I missed out on making over $100,000 on our 750,000 RCI Points last year.

The Salesman is not telling you that if you tryed to do that that you would be voilaling RCI's section 8 forbidding exchanged weeks to be used for commerial purposes. You then could have your RCI exchanging priliviages suppended.

Besides all the @&())&^$$^&&* lies this piece of garbage told you to buy his over priced points package this @#^*))@)($)@+$*((()%#$%^^&*)&*($%$@# shows he did not care by telling you some lies that would hurt you in several ways.


Barry IMHO you should take at least take 3 months of studying Tug, tstips etc before buying, so you know what you are getting is the best for your situation.

Bruce

quote:
Originally posted by sobaka:
Tom:

At the end of a long presentation about the benefits of converting to points, Wroman proposed that RCI would charge me $2,900 to covert me 3 weeks in Hawaii, and would throw in a garbage week in a points resort in Texas (to enable me to convert) for "free."

In the course of the presentation, the salesman told me that he had successfully rented 9,000 points through TUG for the past several years for between $800 and $1,200. Of course, if these were true, I would be able to rent my 130,000 points each year for about $15,000.

The salesman told me that I should be able to do this, and he complimented me on being so savvy. I told him that I was not going to buy anything until I checked it out myself and confirmed the marketability of points.

In the two days since I joined TUG, it has become clear to me that the salesman was full of it. I'm glad I held off.

Barry


------------------
Bruce F. & Judy Czajkowski, Kansasville Wi. Judy is a teacher and Bruce is retired and thinks that you are never to old to have a happy childhood. Also own at Driftwood Inn, Vero Beach wk 14, wk 52 Sea Club IV,Daytona The Islander wk 12(non RCI or II) North Reddington Beach and a Rayburn Country that is somewere in Texas.

[This message has been edited by cz (edited 02-15-2005).]

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cz

TUG Member

Posts: 3231
From: The Rushes wk 26, Lake Forest wk 3, Christmas Mt 5 UDI's up to 17 wks each UDI. 2 Cottages & 3 OakTimbers. RCI Points, and wk. 10 Driftwood Inn
Registered: Mar 2002

posted 02-14-2005 07:04     Click Here to See the Profile for cz   Click Here to Email cz     Edit/Delete Message   Reply w/Quote Post A Reply
IMHO it is a shame that RCI has been aware of these sales pitches for years and has seemingly done nothing to stop them.

If someone has information that RCI had taken punitive action towards any sales group because of lies( not for a lack of sales) please post them here.

Bruce


------------------
Bruce F. & Judy Czajkowski, Kansasville Wi. Judy is a teacher and Bruce is retired and thinks that you are never to old to have a happy childhood. Also own at Driftwood Inn, Vero Beach wk 14, wk 52 Sea Club IV,Daytona The Islander wk 12(non RCI or II) North Reddington Beach and a Rayburn Country that is somewere in Texas.

[This message has been edited by cz (edited 02-14-2005).]

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sobaka

Non Member

Posts: 8
From:
Registered: Feb 2005

posted 02-14-2005 23:46     Click Here to See the Profile for sobaka   Click Here to Email sobaka     Edit/Delete Message   Reply w/Quote Post A Reply
Thanks for the information. However, I still have the following question:

If I purchase a cheap week at I points resort, will this enable me to convert my other 3 weeks to the points system free of charge? The salesperson told me that, even if I did this, I would need to pay RCI (or an RCI affiliate) at least $2,900 to do this.

Please let me know your thoughts. I like the idea of the points system, but I don't like the idea of having to pay a lot to get there.

Thank you for your input.

Barry

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sfwilshire

TUG Member

Posts: 2156
From: Clinton TN
Registered: Jan 2003

posted 02-15-2005 01:53     Click Here to See the Profile for sfwilshire   Click Here to Email sfwilshire     Edit/Delete Message   Reply w/Quote Post A Reply
Barry,

The key to answering your question is whether the 3 weeks you own are at resorts that are affiliated with the RCI Points program. If they are NOT, then for no cost (and as long as RCI elects to continue the program) you can trade them in for points. You can do that every year or only some years at your option.

If the weeks are at a resort that IS affiliated with RCI Points, then they are not eligible for this Points for Deposit program and would, in fact, have to be converted at whatever cost the resort thinks it can wring out of you before you could use them for points.

Hope that helps.

Sheila

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JeffV

TUG Member

Posts: 3835
From: Houston, TX
Registered: Dec 2000

posted 02-15-2005 03:20     Click Here to See the Profile for JeffV   Click Here to Email JeffV     Edit/Delete Message   Reply w/Quote Post A Reply
I think it has been established that RCI only collects about $200 for the points conversion. The rest goes to the middleman. There is no assurance that the points for deposit program will go on indefinitely.

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The latest reviews can always be found at the Western U.S. Review Index Page.

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