Originally Posted by
ikwia
Funds don't expire if you have an active contract -- they roll over into a new plan......
You can add funds at any time, and in any quantity. In fact, this is pretty important because someday you're going to want to zero out the account so you'll likely need to add some odd amount so that you can use the rest of the funds and end with a $0 balance (although you may be able to split the payment between UATP and another form of payment, but even there you need to be careful because there are penalties for using non-UATP funds for .....
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I hope this helps. Please post with additional questions!
Thank you ikwia... Your clarification leads to a couple of more questions.
1. Each year the contract can be renewed by adding additional funds. This action will keep the unused funds active. So, if my initial investment is$40K and only consume $30K. Before contract expires, I renew by adding $20K I would have a total of $30K for the next contract year. Is this right?
2. Amenity points are calculated based on the initial investment. With the example above, I should get $10K amenity points. Would I get another $5K amenity points at the contract renewal? Does renewal of contract also extends the amenity points or do they expire?
3. I used Chase Sapphire Reserve card for travel insurance. I like the fact that I might be able to use the card as partial payment. Does the system clearly identify the penalty for using a non-UATP funds? Are the penalties larger than the discounts?