Whether you are an existing SVC member or you are new to Shell Vacations Club, it is important to understand how your annual dues or "maintenance fees" are calculated when you purchase on the resale market. Annual dues will vary greatly between new and existing SVC members.
If you own multiple points contracts and have multiple SVC accounts, Shell Vacations allows you to combine them into one "Universal ID" member account from which your annual dues will be calculated. The benefits of combining your individual contracts include:
Purchasing SVC points on the resale market can save you thousands of dollars off the retail price, but it is important to understand the fees associated with membership before you buy. The following section will help you understand what annual dues you can expect as a member of any Shell Owners Club.
If you have combined your points contracts into a Universal ID account as described above, your dues will be calculated separately for each Home Club in which you own, and Shell Vacations Club will provide you with a single, annual statement for each Club.
Annual dues are calculated based on the three components explained below.
SVC Club Fee – The Club Fee is the same amount for each owner and, among other benefits, it covers access to SVC's network of 24 vacation resorts and membership in Interval International's exchange service. Be sure to contact Shell Vacations if you have multiple points contracts that have not yet been combined, as having a single Universal ID account enables you to pay the Club Fee only once. For 2012, the Club Fee is $151.50 (USD). (Note: If you own points in multiple Home Clubs, the Club Fee will show up on the statement for the first Home Club that you owned with.)
Home Club Flat Rate – Within each Home Club, there is a base number of points upon which a flat rate is charged. For example, for the 2012 use year, the flat rate for Shell Owners Club West is $320.97 (USD) for the first 1,350 points (the fee is the same should you own less than the base point amount). Please note that the base point amount and flat rate varies between Home Clubs. If you purchased multiple points contracts within the same Owners Club, all of your points within that Club will be totaled, and you will be charged the Flat Rate once.
Home Club Per-Point Rate – In addition to the Flat Rate, a Per-Point Rate is calculated on all points which exceed the base point amount within each Home Club. For example, the Per-Point Rate for the 2012 use year for Shell Owners Club West is 16.43 cents (USD) per point.
Below, you will read exactly how the above fees are calculated and how they will relate to you as a buyer.
You are an existing owner with 4,850 points from three unique Shell Owners Club West contracts which have been combined into a Universal ID account.
|$ 151.50||Club Fee|
|$ 320.97||Flat Rate (on base 1,350 points)|
|$ 575.05 (3,500 x $.1643)||Per-Point Rate (on remaining points)|
In this example, your total dues for 2012 would be $1,047.52.
Owners, please note: In this example if you had not combined your points contracts into a single universal account, you would pay the flat rate of $320.97 for all three of these contracts. Your total dues for 2012 would be: $1,606.36; the savings due to combining your contracts in this scenario would be more than $550.
You wish to purchase 1,350 Shell Owners Club West Points on the resale market. The fees for this purchase for each type of buyer are detailed below.
For new buyers who are not currently members of Shell Vacations Club, annual dues would be:
For existing SVC owners with Shell Owners Club Americana, Pacific, or Hawaii points, but without points in Shell Owners Club West, annual dues would be:
For existing Shell Vacations Club members with at least 1,350 Shell Owners Club West Points, annual dues would be:
* Example dues listed here are in addition to any dues the owner already pays as a Shell Vacations Club member.
** All amounts are shown in U.S. dollars.