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If you plan on exchanging your TS every year, you might want to consider joining II for at least the first year. The RedWeek exchange program is still young and as a result the exchange opportunities may be limited. IMHO, the point values aren't consistent. For example, both II and Redweek had the same resort available for exchange. But with RedWeek I would've had to buy additional points at a cost of $800-$900.