Why You Should NEVER Pay to Extend an Interval International Deposit!
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- Опубликовано: 31 июл 2024
- Do you have an Interval International deposit expiring soon and maybe you are considering paying the fee to extend it? If so, you need to watch this video first! I will go over a strategy to save you money and prevent restrictions that would make severely limit your use of the extended deposit. We will use the Eplus program from Interval International instead!
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#IntervalInternational | #EPlus | #Timeshare
I’ve rewatched this video a few times since it was originally posted. Today I want to personally thank you Jeremy. Your advice regarding extending trades with eplus has, not only saved my Marriott ownership week from expiring in 2022, it has just put my family back into our home resort to round out a 3 week stay next year. Your videos are so informative and interesting. Thank you for sharing your expertise and personal experience with other timeshare owners and those interested in timeshare vacations. ❤
That's great to hear. So happy that these videos have helped you to save deposits from expiring or taking the worse option of paying to extend the deposits. Thanks for watching!!!
My man! Wow this was amazing thank you. My parents had given up on their Interval timeshare and I asked for their username/password so I could manage things. Boom! Got a week in Park City this December :-)
Glad I could help! The main thing about Interval International is that most people simply don't think to look or even try. Timeshare can be confusing and one just needs to put a little time into it and look at all the options. Park City in December should be great! Thanks for wataching.
Good information - Thanks!
Glad it was helpful!
I love e-plus. I add it to all my exchanges. Not crazy that the fee is now $89 but not surprised that it went up since everything is going up. I still prefer them over RCI. Hopefully they don't ruin a good thing. Just did an exchange this morning and bought it. Hopefully I don't need to use it but I buy it as insurance since I live in Florida and well hurricanes happen and with Covid you just never know if your gonna get sick. I have done the extend with a throw away to Orlando and have always taken a Marriott just in case I forget about it and have to use it. LOL
We mostly trade Marriott to Marriott in II, so we don't add it all that often. We have used Eplus twice when exchanging outside of Marriott. It can be very handy and is a great way to extend a deposit if one is in a pinch. For regular use, it can be great as a kind of insurance policy in the event plans change. Thanks for checking out the video!
Thank you
You're welcome. Thanks for watching!
Thanks!
Thanks for the Super Thanks!!!
Thank you! They charged me 229 exchange and 89 e plus, but it still means we may get another vacation and not throw away maintenance fee ❤
Jeremy
I really appreciate hour informative and detailed explanations for using timeshares. I am a retired Navy veteran and am finally using a Marriott timeshare I have had for over 20 years.
I have a question about the certificates that you get from II a few times a year. I have one which has a travel window of only about 3 months. It gives me the option to extend for 6 or 12 months.
Does the strategy you address in this video apply for these certificates?
Thank you in advance for your help.
John
Unfortunately, Eplus doesn't work on Accomodation Certificates. It only works for deposited weeks. In general I don't recommend extending Accommodation Certificates. It is just a way to extract more money from something they gave you for free. THey will usually offer a new one up soon after an existing one expires. They also sometimes will extend the expiration of the certificates. Thanks for watching!
What if it was already a "late deposit". Will it be just easier to extend since I already have that 60 day restriction. We are new to this and learning as we go. Thanks
If it is already a late deposit, then it is already 59 day restricted. Paying to extend is an option, but you can usually extend by about six months by using Eplus. From what I understand you can also use Eplus to get it out of the 59 day restriction by making an exchange, using EPlus to retrade outside the 59 day window. Then you cancel and take a cancellation replacement week. The cancellation replacement week will be good for one year from when you cancel but it should be able to be used to make a trade up to the expiration date and not restricted to 59 days. There will be two exchange fees plus the EPlus fee in order to make this work.
If Interval and RCI had a partnership and combined inventory, wouldn't that be something?
May be great for inventory, but probably not so great as a consumer. Lack of the competition would probably mean we all pay more in fees. Thanks for watching!
Thank you always for the valuable advice! I subscribed:) Hey, I used up 2 out of my Eplus retrades, and the check in day is within a week. Can I still get a cancellation replacement deposit by calling Interval?
Yes, you can cancel the exchange at any time and get a cancelation replacement. However, it will be restricted to only being able to confirm a new exchange within 59 days of checkin. If you still have one retrade left on the Eplus, you should retrade out as far as you can and get the new checkin further than 60 days from the current date. Then at that time cancel the exchange. Your cancellation replacement should then not be restricted (no guaranty).
@@DestinationTimeshare Thank you for your reply! Okay. I will retrade out as far as I can. I tried, but they will only let me choose up to 2 months out. I think I will pick like 1/13/2024 and then cancel the exchange before it expires, as I am not finding what I want.
@@user-jt7of2ln4h If you are retrading with an Eplus retrade, you should be able to retrade up to 59 days past the current checkin date. Not 50 days from today's date. The Eplus rretrade should not cost you anything. What is the checkin date of your current exchange?
@@DestinationTimeshare Hi. Sorry I didn’t see your reply until now. My current check in date is 11/18/23. This would be the last (the third) retrade. When I enter a far out date, it tells me to change the range to two months, which is 60 days.
@@user-jt7of2ln4h It should let you pick your last date as January 18th. You might be in a situation where you need to use that last trade for anything you can get and then take the cancellation replacement week in order to salvage something. Your cancellation replacement will require a new exchange fee when you want to use it for something else. It would be valid for one year from the date you cancel. If you can get a checkin date of the 18th, then take a cancellation replacement right away, it may not have the 60 day restriction.
I have an exchange expiring december 12th 2024. Are you saying i should wait to book something until 60 days before and add eplus, instead of booking now? It is confusing. And a years extension is actually not a years extension, it's only good for 60 days?
At this point, you don't necessarily need to wait to make your first initial trade since you can only book through December 2024. If you exchange into something for December 2024, the Eplus will expire December 2025. What you may want to do is wait until just 60 days before the December 2024 exchange to do the first retrade. This should then get your new confirmed exchange into late 2025, which gives you much more time to decide where to go and have two retrades left.
So here is what you could do now.
▸ Book an exchange in December 2024.
▸ Add Eplus
▸ Wait until sometime in September or October 2024, more than 60 days out from checkin and use the first retrade to book somewhere for November or December 2025.
▸ Now you have all of 2025 to decide where to travel with the two retrades left.
▸ If you can't travel in 2025, you can cancel and get a cancellation replacement that would be expire sometime in late 2026. Using the cancellation replacement deposit would require an additional exchange fee.
The only time it would only be good for 60 days is if you make the initial exchange within 60 days of deposit expiration or with 60 days of checkin on a current exchange.
I hope this clears up any confusion and thanks for watching!
Hi Jeremy, Great videos! I have a question regarding this strategy.. I have a deposited week that expires on 10/2/2023. I want to travel 10/5 through 10/12. If I understand you correctly, I could book a unit anywhere with a stay that ends prior to 10/2/2023 and purchase EPlus. Then I can go right back to the portal and exchange for the week I really want with out having to pay the $109 extension fee to satisfy my travel dates? ( I realize this would only save me $20 but I may also want to trade again to get a different size unit for that week which isn't currently available) -- PS I called II and they made it sound that if I purchase Eplus, I would still need to book before my current expiration date of 10/2/23 (however, the rep seemed a little confused).
Your strategy should work. Make a booking for any date and add Eplus then go right back in and retrade into the unit you want, as long as it is there. The Eplus will actually expire in Sept/Oct 2024 (depending on when your initial exchange is). It will save you the $20 and it doesn't really change the fact that you are stuck in Flexchange, just as an extended deposit would be. It does give you some last minute flexibility if something comes up and you can't travel this October.
@@DestinationTimeshare thank you for your advice. It worked.
@@cwhite5222 Awesome
Question. Example: My week expires Aug 15 2023; I select a exchange for Jun 1 2023 (> 67 days from expiration). I add e-plus, and do an exchange for May 15 2024 (or as close to June 1 as possible) to get ~1yr extension. Future (2 remaining e-plus) trades, does the use the trading power of my original (Aug 15) week? Or the power of the exchanged weeks (Jun 1 or May 15)? Or, since I can only do an online (vs ongoing) search within 59 days, it''s sort of trading power-independent?
Similar question, but to room size: if my Aug 15 week was 2br, and one of my exchanges is to a 1br, am I basically blocked from getting a 2br in the future? Or, should I make any "extension" trades into 2br units, and them pick a 1br (if needed) for my final trade? Thanks.
YOu have it right. Your trade power will be based on the original deposit. If you have to trade down for the initial trade, you can trade back up into the same size unit without any upgrade fees. It is only when you trade beyond your initial deposit size that you might have to pay an upgrade fee. You also only pay an upgrade fee once. So taking your 2BR and trading into a 3BR then down to a 2BR and back to a 3BR would only incur one upgrade fee.
Also to note, online searches aren't restricted to 59 days. You can retrade any time prior to your EPlus expiration just making sure you never get less than 59 days from check in, otherwise you would then be restricted.
Hope this answers your questions and thanks for watching!
@@DestinationTimeshare Thanks. I won't be going larger than a 2br. Just want to know if I trade down to a 1br, and then trade back to a 2br, if there's no extra fee. Sounds like.
Once I'm into the e-plus trade with, can I search as far out as to when the new expiration date is? Or only 59 days? And does that have to be an online (manual) search? Or can I place an ongoing search (like I could with the original week)?
As long as none of your trades or retrades are larger than a 2BR then ther will be no upgrade fees.
Can I just do a cancellation replacement instead of eplus?
If you already have a confirmed exchange that is more than five days from the day you confirmed, your only real option is a cancellation replacement or a full fee retrade.
Here is my situation, I really would appreciate your telling me the best way to handle it. Just before my week from 2022 was to expire I paid the fee to extend it for 6 months (~$109). It will now expire on August 26, 2024. It is in the category of "Late Deposit" which means that I can only trade it as a Flexchange (short-notice) 59 days to 24 hours. (As of today 5/25, I can only trade through July 23, 2024). What do you suggest I do?
The first question is, are you traveling enough to be able to use this? I suspect this was originally a 2020 reservation and was perhaps deposited due to the pandemic and perhaps not able to travel before it was originally going to expire in 2022. Have you been traveling since then? Why haven't you been able to use it? Four years is quite a while? Do you have any plans to travel and use it in 2024? What have you been doing with your other timeshare weeks since 2020?
You can theoretically use it right now to trade for anything within the next 8 months. It would require you to make an exchange for as late as possible and add E-plus ($89). Eplust allow you to them make three retrades. Because you are stuck with an exchange that is restricted in Flexchange, you can only retrade for up to 59 days beyong the current checkin date of the exchange. So if you exchange for something in July, you can then retrade for something in September using the first E-plus retrade. Then you could retrade for something in November and then use the last retrade to go through to early January. These would all have to be exchanges into weeks that you can see as available online.
The E-plus option is better than paying to extend again, but if you can't use this in the near future and aren't traveling then you are just throwing money at it.
Here is a video where I explain E-plus: ruclips.net/video/lMiJ4e0DLdc/видео.html
I have a deposit that has an expiration date of 3/11/2023. Given that date can you explain what my options are and what limitations there will be? It is a deposit of a Marriott timeshare....so I believe that if I trade into a Marriott timeshare there would not be an exchange fee. Is that correct?
If your week is enrolled in the Abound program, there would no fees when trading Marriott to Marriott or Marriott to Vistana. Right now your options are very limited given that you are inside 60 days from when the deposit expires. You can only extend it about six months by using Eplus by making an exchange then adding Eplus. Doing that will give you three retrades, each of which can exchange into another resort two months out from the prior exchange. Effectively you may be able to exchange into something as far out as late August or early September. You have to add Eplus because any regular retrades will not allow you to trade past your original deposit expiration. If you have already, watch this video as it explains a bit more about Eplus; ruclips.net/video/hfOrWOBiAKA/видео.html
@@DestinationTimeshare Is the Abound program the same as the Destination Club? If I make an exchange using this deposit, which is scheduled to expire on 3/11/2023, and then cancel it, can I get a replacement week that won't expire for 1 year from the cancellation date? Would a replacement week require an exchange fee if I trade into another Marriott property?
@@JayS-nd4myAbound is just the new name for Destinations Club. They are one in the same. You can make an exchange and cancel and take a cancellation replacement week that would be good for one year from when you cancel. The issue is that it will be 59 day Flexchange restricted. You can get out of that by paying $89 and using EPlus. You can also get your week to have a further expiration.
Make an exchnage and add Eplus. Then retrade out 59 days, then retrade another 59 days and then another 599 days. This will get you out to somewhere in August/September range. Then at least 60 days before checkin, call II to cancel. Sometime in the June range. Since you are now cancelling outside of the 60 day restricted time frame, your cancellation replacement won't be Flexchange restricted and it will then expire sometime in June 2024.
I don't know for sure if the cancellation replacement deposit would carry the full exchange fee or not. I suspect it doesn't but I have never been able to get a clear answer on that.
Does this apply to certificates? The ones they give you for free
It doesn't. The certificates that they give you for free can be extended, but you can't add Eplus to them. That said, it doesn't really make sense to pay to extend a certificate that they give you for free. Those certificates have limited inventory that they can book into.
@@DestinationTimeshare thank you so much for your insightful information!