Should We Pay an additional amount to transfer our floating weeks to points? Is it worth it?

Our timeshare company is telling us that we should “upgrade” our floating weeks to points, for a cost of $10,000. We own our timeshare outright and have 2 floating weeks that we generally deposit into II for trade. We are being told that we will have a better chance to get popular locations, such as Hawaii, if we “upgrade” to points.

denisea345 wrote:

Our timeshare company is telling us that we should “upgrade” our floating weeks to points, for a cost of $10,000. We own our timeshare outright and have 2 floating weeks that we generally deposit into II for trade. We are being told that we will have a better chance to get popular locations, such as Hawaii, if we “upgrade” to points.

If this was told to you at a sales presentation, then it is never a good deal and likely either a lie or a gross exaggeration. Save your $10,000.

Thank you! That confirms what we are thinking.

denisea345 wrote:

Our timeshare company is telling us that we should “upgrade” our floating weeks to points, for a cost of $10,000. We own our timeshare outright and have 2 floating weeks that we generally deposit into II for trade. We are being told that we will have a better chance to get popular locations, such as Hawaii, if we “upgrade” to points.

You don't mention which "points" system is involved (...and there certainly are many), but conversion to points from deeded weeks is, as a general rule, only good for the entity trying to get you to (unwisely) pay the money to "convert", but not good for you.

Short answer --- NO, it is NOT worth it (regardless of the points system involved). Conversion to points is not only a waste of money, but it only provides the possibility of more location options; there still needs to be availability where and when you want to go --- and there are absolutely NO guarantees that there will be any such space availability at the places and / or dates where and when you actually want to go there. In short, Don't do it!

I was one of those suckers who converted my one week floating to points for $10,000 five years ago. Now I would like to sell my timeshare through Red-week. Am I considered Deeded or points? Hyatt Vacation club has now purchased the Timeshare company.

We have owned 2 even year weeks at the Maui Ocean Club for over 20 years. We always stayed at that resort until Covid when we deposited with II and ended up staying at Tahoe and letting a bunch of points go to waste. We agreed to the usual meeting with Sales because we wanted to discuss possibly selling one of our weeks. We were pitched on the Destinations program and were subsequently fraudulently induced into buying some points with the big benefit of added flexibility. First we were lied to, being told we had to buy points to be able to enroll our existing weeks and have the option of converting them to points. Of course this requirement was not documented so the fraud could not be proven. Then the things they don’t tell you: if you convert weeks to points you lose your home resort booking advantage if you decide to stay at your home resort. Then, if you don’t know what you’d like to do by the conversion deadline and chose points for the “flexibility” and then you decide to take your regular home resort vacation, the points given for your week aren’t enough to book that week (at least in the case of Maui). We had been very happy with our timeshare ownership up to this point. Now retired and living in a beautiful area with no need or desire to “escape” every other year, plus the added burden of having to find care for our horses, a two week resort vacation has become more of a burden. Hoping for some ideas from Marriott only to be lied to has left a sour taste. So, this lengthy post is to warn anyone to be very careful dealing with sales guys. Our recommendation if you want a timeshare ownership at a specific resort you should look for a resale week or weeks and avoid the resort sales sharks entirely.

The problem is most State AGs are in bed with the timeshare companies, in big timeshare states, so there is no incentive to get them to go after them. Big lobby. And that is the core problem.

Though not technically real estate, its still fraud and Unfair Trade Practices etc. We need a national solution requiring ALL timeshare companies to behave fairly and buy back points or deeds at a set price after say 10 years usage and everyone wins.