GeoHoliday is a vacation club that offers timeshare memberships, and that claims to offer a credits-based system that gives members even more travel opportunities. They have about 4,500 different resorts that timeshare holders can travel to, including in Mexico, Europe, and Asia. Their claim is that this membership allows members to travel to a variety of locales, varying from the mountains to beaches. However, from what we have learned about GeoHoliday, your choices may not be as flexible as advertised.
If you’re here because you want to get rid of your GeoHoliday timeshare, this could be your reason why, or you could have another situation on your hands. Maybe you’re tired of the expensive membership and maintenance fees, or you’ve found ways to travel on your own for far less money. Maybe you’re just one of the many timeshare owners who’ve realized your timeshare was not truly an investment in the first place. No matter what you’re facing, you can keep reading to learn more about why people often find themselves wanting to cancel GeoHoliday timeshare, and how you can get started doing so yourself.
GeoHoliday Timeshare Reviews
We found several reviews from past customers speaking to their experiences with GeoHoliday. Notably, many of them were 1- and 2-star reviews, including with Yelp, BBB, and ComplaintsBoard. Among the most common complaints were issues with redeeming points, and constantly escalating maintenance fees. The following are a few examples of those reviews:
- “THE most ridiculous timeshare out there. Not much to choose from, heavy fines for cancelling, even if you do so as much as a whole 90 days prior to arrival, and you even lose the points you used when you cancel!!!I spent 10,000 dollars plus financing interest, paid all my maintenance fees which went up almost every three years, (now is $550.00) for absolutely nothing. I just keep it so it won’t affect my credit. I wish there was a way to get rid of it 🙁 Unfortunately, the system won’t allow me not to put any stars, so I have to put the one star, but even that is way too much.” (Yelp)
- “We purchased ten years ago and it was Geoholiday. Turned into Sapphire. Since we purchased (paid in full) all the rules have changed. Never have dates available unless you want to rent. Changed the points system so now the initial points we bought will not pay for anything. They lied about the points, said we could use them for Las Vegas anytime which is where we bought because that was our favorite. Also, they said we could vacation every year and transfer our points to save for big vacation which is a lie. The whole saw pitch was a complete lie with no way to use it now. Our points are basically useless and now they are trying to get us to pay for a gray card. We want out. We will pay the transfer fee to give it back but we want OUT!” (ComplaintsBoard)
- One of the biggest regrets of my life is buying this timeshare. I have been paying thousands of dollars since 2009 and have never used any of my points. This company is a complete scam. (Facebook)
When it comes to the BBB, there have been 529 total complaints in the last 3 years, and as of 2022, GeoHoliday is unaccredited with them. All of this together paints the picture of a company that leaves people without much of anything to show for the money they’ve spent. With this in mind, here’s some more information you might want to know about GeoHoliday timeshares and their practices.
FAQs about GeoHoliday Timeshares
GeoHoliday has gone through a great deal of changes over the years, so it can be tricky to find background information on them. We did some research to help give you the big picture about GeoHoliday and their associated timeshare membership clubs. Some of the most frequently asked questions on the Internet about GeoHoliday timeshares are below.
- What are my GeoHoliday points worth? Since GeoHoliday is part of RCI, we can say that their points are worth the same amount as RCI points. RCI Credit Card points are worth 1 cent each, on average. That means 10,000 RCI Credit Card points have a value of roughly $100. Of course, that said, many people have said GeoHoliday refuses to honor these points, so be sure to keep that in mind.
- Is GeoHoliday known by any other names? Yes. We found that GeoHoliday’s offerings are listed under Sapphire Resorts as well as The Jockey Club. They are all part of the same Las Vegas-based timeshare ownership company, and part of the RCI network.
- Has GeoHoliday been part of any lawsuits? Yes. We found one class action lawsuit that includes GeoHoliday as a party to the main defendant, Starpoint Resort Group (which is part of the Jockey Club). Brunton v. Starpoint Resort Group, Inc. was a 2011 case brought by former sales agents. While this case was not about timeshare ownership per se, it is worth looking into to get a better idea of how GeoHoliday operates.
Timeshare Exit vs. Timeshare Resale: an OverviewPeople who need to cancel a timeshare often find themselves wondering whether the resale market is a good option for them. But the truth about resale is that most timeshares and travel club memberships decrease in value by at least 50% after they’ve been purchased directly. If you check eBay for evidence of this, you’ll find GeoHoliday timeshares for sale for $1, with zero bids or buyers. This is simply because timeshare owners are usually willing to try and get rid of their timeshares as fast as they can, rather than wait for an offer anywhere near what they paid.
That’s part of the trouble with resale: unfortunately, demand is not remotely as high as the supply. This makes resale agents far less likely to engage with or help timeshare owners. You may have been told that it’s easy to go this route and find a buyer, but in fact, the opposite is true. If you’re only considering resale to get rid of your GeoHoliday timeshare, you will probably be stuck with it and your contract for the foreseeable future.
So how can you get out of this poor investment? You know that your timeshare isn’t at all what was promised. But you’re now part of a legally binding contract that GeoHoliday, in all likelihood, won’t help you get out of. There is the option of timeshare exit. This is when you work with a company who is experienced in this industry and have them get in touch with the resort to cancel the timeshare on your behalf.
When selling a timeshare membership – or giving it back – becomes impossible, this is a great route to explore instead. Reputable timeshare exit companies can serve and help you when you have no other options. But it’s important to learn about which companies have a track record of success. To learn more about the timeshare exit companies we recommend, you can visit this page.
Why Escrow is Important to Safe Timeshare CancellationOne of the key qualities we look for in timeshare exit companies is whether or not they offer an escrow payment option. Escrow is crucial because it is a means of keeping your money safe, and ensuring it goes only to your timeshare being canceled. It keeps the company accountable to you and to the promises they made. Companies who use escrow do not get paid until you are free from your timeshare, it is no longer in your name, and are no longer responsible for any payments or fees.
Anyone can pay lip service to a money-back guarantee, but this in no way ensures that you get anything back if things don’t go as planned. Escrow is the best, most realistic way to move forward with timeshare exit. Learn more about escrow and why it’s important here.