No not the same at all. With points you can use your points to stay for one night or 21 nights.... your choice. You can choose from all the weeks resorts and all the points resorts if exchanging. Weeks owners can only exchange from weeks resorts. There are many other differences. Like I mentioned above, my one week points ownership at my home resort is equivalent to staying up to six weeks at other resorts of my choosing. Points is not for everyone, but it is the way most timeshares are going now because it is becoming very popular with a lot of people. We changed to points a few years ago because we got an offer to do so at no charge. We thought we would try it as we had nothing to lose. We were not sure we would like it as we were not fully aware of all the benefits. We tried it for a year and we were so happy with it we have never looked back!