Magical-Memories
Mouseketeer
- Joined
- Apr 23, 2005
- Messages
- 107
To answer the poster above (well hopefully above this but I'm taking so long to write this, it might be a few above).
Southwest was offering a 50,000 bonus point reward after spending $2K in the first 3 months of having the card. (I'm not sure if the offer is still going on. We just applied last week and got them, but someone posted it might have ended.)
The reward was offered on 4 different Southwest Credit cards. 2 were business cards and 2 were personal cards. I don't know too much about the details of the business cards. The 2 personal cards are different...one is a signature Visa with, I believe a $99/year fee (but you get more reward points at your anniversary..I want to say 6,000...but could be wrong..forgetting the details off the top of my head.) The other personal card is more basic and I think it has a $69/year fee with maybe 3,000 add'l points awarded at your anniversary. (If you look a few posts back someone explains this better.)
Anyhoo....we had my husband sign up for the 2 personal cards (under his name and Southwest Rapid Rewards number). If you don't have a Southwest Rapids Rewards number, no problem, just sign up for free on Southwest.com before you sign up for the credit cards (that is..if the deal is still on with the CC.)
Knowing we can easily meet the $2K spending for each card in 3 months. So we will be getting 100,000 points (50,000 + 50,000 rewards). Plus we will get another 4,000 points for spending $4K ($2K on each card) in the first 3 months. So that will leave us with 104,000 SW Reward points.
Once you reach 110,000 Reward Points with Southwest, you are eligible for a Companion Pass. So when you fly, your companion flies free. The deal is when you reach the 110,000 qualifying points, you get the companion pass for the remainder of that year and the following year. So it's a pretty cool deal if you can figure out how to do it. Especially if you can somehow manage to meet the points in the first few months of the year....then it's like having the companion pass for close to 2 years.
So because I will be short 6000 points, I *thought * I would be able to get them by about Febuary-ish...to make it 110,000 points. I was planning on doing this by charging anything and everything I normally pay by check. But what I didn't realize is that it has to be done in the same calendar year....so I think I screwed myself out of the Companion pass! (Because I've already spent a little over $2K on one of the cards, meeting the bonus requirement, but there is no way I will be able to meet all 110,000 points by the end of 2014.)
Although..it is still a decent deal, because we will probably be able to get about 4 round-trip tickets with the bonus points you get just from opening the 2 cards.
WARNING!!! This deal is only worthwhile if you are planning on paying off your balance every month. Carrying a balance defeats the whole purpose. I know this is probably obvious to everyone...but just in case ;-)
Someone can probably explain it better and I may have made mistakes on the details...I apologize in advance....but that is the gist of it
Southwest was offering a 50,000 bonus point reward after spending $2K in the first 3 months of having the card. (I'm not sure if the offer is still going on. We just applied last week and got them, but someone posted it might have ended.)
The reward was offered on 4 different Southwest Credit cards. 2 were business cards and 2 were personal cards. I don't know too much about the details of the business cards. The 2 personal cards are different...one is a signature Visa with, I believe a $99/year fee (but you get more reward points at your anniversary..I want to say 6,000...but could be wrong..forgetting the details off the top of my head.) The other personal card is more basic and I think it has a $69/year fee with maybe 3,000 add'l points awarded at your anniversary. (If you look a few posts back someone explains this better.)
Anyhoo....we had my husband sign up for the 2 personal cards (under his name and Southwest Rapid Rewards number). If you don't have a Southwest Rapids Rewards number, no problem, just sign up for free on Southwest.com before you sign up for the credit cards (that is..if the deal is still on with the CC.)
Knowing we can easily meet the $2K spending for each card in 3 months. So we will be getting 100,000 points (50,000 + 50,000 rewards). Plus we will get another 4,000 points for spending $4K ($2K on each card) in the first 3 months. So that will leave us with 104,000 SW Reward points.
Once you reach 110,000 Reward Points with Southwest, you are eligible for a Companion Pass. So when you fly, your companion flies free. The deal is when you reach the 110,000 qualifying points, you get the companion pass for the remainder of that year and the following year. So it's a pretty cool deal if you can figure out how to do it. Especially if you can somehow manage to meet the points in the first few months of the year....then it's like having the companion pass for close to 2 years.
So because I will be short 6000 points, I *thought * I would be able to get them by about Febuary-ish...to make it 110,000 points. I was planning on doing this by charging anything and everything I normally pay by check. But what I didn't realize is that it has to be done in the same calendar year....so I think I screwed myself out of the Companion pass! (Because I've already spent a little over $2K on one of the cards, meeting the bonus requirement, but there is no way I will be able to meet all 110,000 points by the end of 2014.)
Although..it is still a decent deal, because we will probably be able to get about 4 round-trip tickets with the bonus points you get just from opening the 2 cards.
WARNING!!! This deal is only worthwhile if you are planning on paying off your balance every month. Carrying a balance defeats the whole purpose. I know this is probably obvious to everyone...but just in case ;-)
Someone can probably explain it better and I may have made mistakes on the details...I apologize in advance....but that is the gist of it
