RCI has announced that they are changing how Combine Deposits will work, effective Sept 17, 2016. If you're an RCI Weeks owner, then this could affect your strategy for managing your timeshare deposits. You might want to take action quickly, too!
Under the new rules, when you combine two or more deposits, your travel window for the combined deposit will be good for 12 months after the date you do the combination.
This is a change from the old system, which gave you 24 months before a combined deposit expired.
- If you have some deposits in your RCI Weeks account that you know you want to combine, then move fast and get your combination done before Sept 17.
You might as well get the full 2 years on that combined deposit instead of only 1!Combined deposits now give you fewer months than before
When DOES combining still make sense?
- Big needs. If you know that the exchange you want costs more in TPUs than any single deposit you have, but you can cover it by combining deposits, then go ahead and do this.
- Litle leftovers. If you have small leftover deposits that aren't big enough to do anything with on their own, then combining them into one bigger, more useful deposit can still be a good move.
- Expirations pending. If you have any deposits that are about to expire, then combining them can give you a new 12-month window to use them.
- Extending forever. With RCI Weeks, you can essentially keep a deposit alive forever, by combining it with something every year, and thereby extending the date. However, now you'll need to do a combination every year for this strategy, because of the 12-month expiration, instead of the every-other-year combinations you needed before. The extra combine costs can add up!
When to AVOID combining deposits?
- Don't lose value. Do NOT combine anything that has more than 1 year left before its expiration, unless you have a good reason as listed above. If you're doing it to get a specific exchange you want, then great! But otherwise, this will shorten the life of your deposit, which is not to your advantage.
Normally, your deposited week expires 24 months after the check-in date. If you combine this with something else, 18 months before its expiration date, the result will only be good for 12 months. You just lost 6 months of potential use.
- Here's an example:
* Existing deposit 1 expires March 29, 2018
* You deposit a timeshare week with check-in date June 25, 2017.
* This new deposit is good for 24 months after check-in, which = June 25, 2019
* You combine these deposits on April 14, 2017. New expiration = April 14, 2018
* Deposit 1 expiration went from Mar 29, 2018 to Apr 14, 2018, a couple weeks extension.
* However, deposit 2 expiration went from June 25, 2019 to April 14, 2018. You just lost more than a year of possible use on this one.
Of course, if you need the trading power from the combination in order to be able to get the exchange you want, then you'll still need to combine. Just be sure you understand that trade-off.
Do you use RCI's Combine Deposits feature? Will this new change in the rules affect how you plan your combinations and exchanges? Please share your thoughts in the Reply section below. Thanks!