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Original Message:

Re: Marriott Vacation Club point system (by Stephen G.):

What you refer to as premium points are the points premium (20% points surcharge) that you pay for a reservation in the 13 month reservation window if you don't have a high enough owner status. If you cancel that reservation after the 13 month window has closed, you get your points premium back as restricted points that can only be used in the 60 day reservation window. Convoluted? More like mind bending.