Elite Rewards Group Review
Timeshare exit company, Elite Rewards Group, might be able to help you get out of your timeshare ownership. Founded in 2016, Elite Rewards Group is based in Houston, Texas.
Elite Rewards Group is very different from other timeshare exit companies we have researched. For one, the group offers a “travel club” to timeshare owners which provides points that can be used on travel (airfare, hotels, etc.).
The first red flag we spot is that Elite Rewards Group offers timeshare owners access to Resort Condominiums International (RCI) if they sign up for Elite Rewards Group’s program. This gives us pause because all timeshare owners have access to RCI with, or without, partnering with a third party like Elite Rewards Group.
Elite Rewards Group Customer Reviews
Elite Rewards Group reviews run the spectrum from positive to negative. One Facebook reviewer claims to have been lied to about the length of an in-person meeting. On the Better Business Bureau’s (BBB) page, we see complaints, but no specific details. One negative review reports that Elite Rewards Group uses misleading information to target elderly customers, specifically telling them that their timeshares would be transferred to beneficiaries upon the timeshare owners’ death. This is absolutely untrue – if beneficiaries do not want to take a timeshare upon their family member’s death, they are under no obligation to do so.
Additionally, feedback on Ripoff Report from several reviewers mentions aggressive sales tactics and up-front fees.
To their credit, some reviewers do claim that Elite Rewards Group was able to help them cancel their contracts.
Elite Rewards Group Cost and Fees
Elite Rewards Group does not specify a cost for their services, which is normal for a timeshare cancellation company. However, some reviewers claim to have paid over $7,000, which is more than we typically see.
When it comes to up-front fees, we always warn against them. Instead, we recommend all timeshare owners consider using a company with an escrow payment option for extra peace of mind when cancelling their timeshare. Learn more about escrow and how it can help you avoid scams here (link). An escrow option helps keep you and your money protected regardless of the timeshare company’s financial status.
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