Cancellation Policies for Bonus Time
Friday, July 28, 2006
Special terms apply when canceling bonus timeshare
Earlier this week I mentioned the incredible values offered by RCI through bonus time. The same types of great timeshare deals can be had from Interval International, and in many cases, through your resort itself. Timeshare bonus time represents some of the best-priced vacation opportunities available on any terms and with timeshare vacation pricing this good, you can’t complain about the cancellation fees. You do, however, need to realize that cancellation penalties exist and that the rules are different for changing last minute timeshare (bonus time) than they are for changing your regular timeshare weeks or points.
As an example, look at the cancellation policies for Resort Condominium International. RCI’s current policy is: cancel within 24 hours of confirming the reservation and as long as the start date of the reservation is fifteen days or more in the future, you receive a full refund on your payment. You receive 50 percent refund if you cancel between 15 and 60 days of your start date and 70 percent refund if you cancel 61 days or more before the first day of your confirmed start date. However, if you cancel after 24 hours of making your timeshare reservation, and it is within two weeks of your scheduled reservation start date, you receive zero refund.
Know the policy before you buy and then take advantage of incredible vacation pricing as often as you can.