How To Increase Your Exchange Power in RCI and Interval International Tip #1
Saturday, March 22nd, 2008Here’s a big secret to increasing your exchange power in RCI and Interval International - Bank Early!!
I know, you’ve heard this before and you’re thinking, “Big deal!
What kind of advice is this?”
In two words, extremely important!
I’ve found, that even though this is common knowledge, and timeshare
owners are constantly reminded of this by the exchange companies,
few people understand or use this simple strategy that really
increases your exchange power.
Here’s why.
Most people believe they have to know where they want to exchange to before they bank their week with RCI or Interval International. So they wait and wait so they can put their request in at the same time as they bank. This is a big mistake and can really harm your exchange power.
You do not need to know when and where you want to use your week on exchange in order to bank it. You just need to know if you want to
use it in your home resort or not.
If you know you’re definitely not going to use your week at your home resort, then bank it as early as possible. You can decide later
where to use it.
The reason banking early with RCI and Interval International is so important is because of the pecking order of timeshare. Simply put, if I bank my week today, and you bank your week tomorrow, and every thing else between us is equal, I have priority over you when exchanging just because I banked my week one measly day before you.
Most people bank their week in the first quarter of the year. This is because they’ve been busy with the holidays at the end of the
year and have either like taking a Christmas or New Years vacation, or don’t.
Either way, as January rolls around, they receive their HOA bill reminding them to do something with their timeshare. So here’s the secret.
Always bank next years week this year to get ahead of the crowd.
Here’s another little known fact….
For every month over 12 months in advance you bank your week with RCI and Interval International, your trading power increases. For every month under 12 months your trading power decreases. For example, if you bank an July 2009 week in May of 2008 you will have significantly more trading power than if you bank that same July 2009 week in January 2009.
In addition, you’ll have a bigger window of opportunity to use it. You’ll have between May of 2008 and July of 2011 to decide where
to use that week! Not only do you now have more than 3 years to make up your mind but also your exchange power increases enormously.
Banking early especially makes sense if you want to travel in the first quarter of the year. For instance, if you want to exchange to
Maui in February to see the humpback whales, you’d best not be starting that search in January of the same year.
Most, but not all timeshare resorts, allow you to bank your week 1-2 years in advance. Find out your home resorts policy and take
advantage of this powerful strategy.
Remember, the more in advance you do things in the timeshare world, the more choice and power you have. So don’t wait, bank your week today.
While banking early will increase your exchange power, there are many more things you can do to supercharge your exchange power! To learn more about that, check out my guidebook
“The Insider’s Secrets to Exchanging Your RCI Timeshare.”
It’s the only guidebook of its kind in the timeshare industry and is loaded with tips and secrets I’ve learned in the 17 years I’ve been in the industry.