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RCI - Points Trap

My wife and I bought a time share an RCI timeshare in Myrtle Beach two years ago. We've now been informed that instead of a weekly exchange system, RCI will now use a "points" system. Plantation Resorts, an RCI affiliate, explains to us that it will cost us nearly $8,000 in cash to convert our time share to the new system. However, they will waive our conversion fee on our time share if we buy a second time share for between $8,000-$30,000. When Plantation resort told us that we'd have even more difficulty exchanging our time share in the future because there will be very few resorts left on the "weekly" schedule and that RCI is always booked to capacity around the the world, we offered to sell our time share back to them. They refused, offering us the names of three charities who would take our time share as a charitable donation.

Our time share cost far less than the $8,000 conversion fee. So, investing more money in it just to convert to a "points" system would be silly. We were told that our time share is not worth much of anything financially because we are not on the "point" system. So, I guess that we've more or less lost our investment.

Comments   

 
0 #2 Mike 2012-08-24 19:58
This co is full of crap to put it nicely.
we have been members for 4 years... we are building up points to go to Hawaii ... they helped us get 2 weeks back to back... we received notification the second week had been found...we were notified on august 23.. the email said we had until Aug 22 to confirm or we would loos the week. I signed on to RCI only to find both weeks were GONE!!!. Called RCI and was told there is nothing we can do..
inventory goes fast...you have to book 10 months in advance...you can roll over points but it will cost you$$$...
we were told they had a lot of pet friendly resorts... an out right lie... we told them we travel at the last minuet... they said no problem...that was a lie...we have a lot of points.. why? because we can use them... nothing has worked the way they say..
So I call in to get a supervisor....I 'm told they have 24 to 48 hours to call me back!!!its a rip off
Quote
 
 
0 #1 Mike 2012-08-24 19:58
This co is full of crap to put it nicely.
we have been members for 4 years... we are building up points to go to Hawaii ... they helped us get 2 weeks back to back... we received notification the second week had been found...we were notified on august 23.. the email said we had until Aug 22 to confirm or we would loos the week. I signed on to RCI only to find both weeks were GONE!!!. Called RCI and was told there is nothing we can do..
inventory goes fast...you have to book 10 months in advance...you can roll over points but it will cost you$$$...
we were told they had a lot of pet friendly resorts... an out right lie... we told them we travel at the last minuet... they said no problem...that was a lie...we have a lot of points.. why? because we can use them... nothing has worked the way they say..
So I call in to get a supervisor....I 'm told they have 24 to 48 hours to call me back!!!its a rip off
Quote
 

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