As you accumulate your annual Loyalty Cash Back Credits you will have the option to redeem them one-time in any of the following ways:

• At any time during the Program Term you can redeem your current Loyalty Cash Back Credits balance towards any qualifying membership upgrade offered by . If you redeem towards an upgrade, your new purchase will come with a new Loyalty Cash Back Program and your current program will end.

• At any time after 50% of the Program Term has elapsed you also have the option to cash out your Loyalty Cash Back Credits. If you redeem for cash it will signify the end of your loyalty program.

UPGRADE
If you redeem towards a membership upgrade in the first half of your program term, all paperwork will be handled by your vacation club and you will be re-enrolled into a new Loyalty Cash Back Program.

CASH OUT
If you are still accruing Loyalty Cash Back Credits at the half way point of your Program Term you are then eligible for a cash redemption option, and we will ask you to complete a simple electronic Exercise My Option Form. This is to confirm you are still active with your vacation membership and intend to request a future cash payout up to the maximum Full Term SafeGuard Cash Back Amount by the end of the Program term. A cash out option can then be requested at any time and the payment, equal to the Loyalty Cash Back Credits accrued will be issued within ninety (90) days and no further payouts will be due.