How do timeshares work rci

Lost your password? Please enter your email address. You will receive a link and will create a new password via email. RCI is not a timeshare company. It is a timeshare exchange broker, which means that it allows members to exchange their usual timeshare week and resort for a holiday in another resort, perhaps in a completely different destination to that in which they purchased. A timeshare resort may be affiliated with RCI, giving you the option to add RCI membership to your timeshare membership.

This will entitle you to exchange your timeshare with other RCI timeshare members at different resorts and destinations worldwide. RCI is the company that oversees and fulfils the exchange, though much of the work will be done by you as you book your exchange holiday within the RCI official booking system. The other option for members who are under a points-based system is to book their reservation through RCI with another RCI-affiliated resort and pay a booking fee to RCI.

Therefore, it pays to be wary before being convinced to sign up to an exchange programme. As you will already be paying annual fees for your timeshare, as well as perhaps paying back a loan taken out to pay for the initial lump sum payment on the timeshare, this added cost could be unaffordable.

Remember that salespeople are very adept at making it sound like the best deal in the world, but are driven by their own commission and are therefore paid to make the product sound as good as possible.

As with any timeshare or holiday product, you need time to go over the figures and think carefully before making a purchase. However, there are many other timeshare companies that offer additional RCI membership to their timeshare members. Other than RCI, the main timeshare exchange company operating is Interval International II , with smaller exchange companies also operating.

You will usually be permitted to pick your own choice of exchange company to complement your timeshare agreement as it is seen as a separate product from the timeshare itself, though your timeshare resort is likely to strongly recommend their own, affiliated programme. As with most products that you buy, it tends to be the case that the more you pay the better the product you get, so bear this in mind before choosing a smaller exchange company.

There are different features for each of the two. Points members have access to both timeshares from other Points owners and banked weeks from other Weeks owners, from any RCI-affiliated resort in the world usually. The more points you have in your account, the higher the quality of the timeshare unit you can exchange for. What is RCI Weeks membership? How does RCI Weeks membership work? Deposit Deposit your ownership week. Receive Trading Power Your deposited week will be assigned a trading power for you to put towards an exchange holiday - or several!

Add Trading Power Protection Don't lose your trading power if you have to cancel your exchange holiday booking for any unforseen reason. Make everything count! Take advantage of discounts Our regular trading power discounts mean you can enjoy an RCI exchange holiday from trading power values as low as 4. Already own timeshare? Already an RCI member? Some developers will contract and liaise via a notary, who will check the legal validity of the agreement which transfers rights of use of the property from the developer to the purchaser.

RCI is an Exchange Holiday services provider and does not own any properties or resorts. Resort developers can choose to affiliate their resorts to a timeshare exchange network — like RCI! If you already own a timeshare and would like to get more from it in the way of holiday choice and membership benefits, joining RCI gives you access to almost 4, properties at its affiliated resorts, in more than countries. Adding your timeshare week to our network of Exchange Holiday accommodation could bring you one or more holidays in destinations worldwide — all for the same exchange fee per property, per week.

You simply book a holiday worth the same value or less and pay your exchange fee. If you want a really special holiday for a family group or perhaps at a resort above your trading power or points value, RCI lets you combine your weeks from one use year to another, or to save and borrow from your points annual allocation to get away on a dream holiday.

As an RCI member, you will benefit from great discounts on cash holidays — RCI Late Deals and Extra Holidays — to give you and your family even more opportunities to holiday without using your weeks or points. Our members are also offered late booking points value reductions and discounted exchange deals allowing them to use any left-over credits or points they may have — so nothing is wasted! Many more are joining them.

Our Affiliate Services teams inspect affiliated resorts, working with them to maintain set quality criteria.