Archive for January, 2016:
The Chase Southwest 50,000 bonus isn’t available to the public right now. Do NOT sign up for the card for only 25,000 bonus points! I can refer up to 10 people for the 50,000 point bonus (terms are you spend $2,000 on the card in the first 3 months of having it. The $99 annual fee posts to the first statement and does not count toward your initial $2k spend. Email me if you’d like a referral email for the card. If you apply and get approved, I get a 5,000 point bonus. Thank you!
- You live close enough to an airport where Southwest flies, AND you want to go to some destinations served by Southwest. Look to see how many points are required for typical and sale price round-trip fares. For example, I see round trip to Washington, D.C. from Indianapolis for as little as $59 one-way, or around 5,000 points round-trip. Our RT to Orlando was about 11,200 points each, and our upcoming Fort Myers trip will be around 12,200 each unless I rebook the flight if the prices drop (it happened several times for our Orlando trip and I rebooked for free and received the points balance back, so I will continue to check for a price drop!)
- You like their no baggage fees on top of the fare
- You can spend $2,000 in the first 3 months of having the card to get the 50,000 point bonus
- You have a destination in mind where it makes more sense to fly rather than drive
- You are financially able to take on a new credit card (not taking out a mortgage or refinancing any time soon, not taking out a car loan, or anything else like that on the horizon). Also, you are not carrying a credit card balance and have money in emergency savings.
As I mentioned, we will keep my husband’s Chase Southwest card open for the time being and we will continue to use it if he has any future business travel. We’ll also use it for a small reoccurring bill. That way, the points will stay active in his Rapid Rewards account until we can use them. The $99 annual fee will post in the coming months and along with it, a 6,000 point bonus.
But primarily, we will switch the bulk of our spending to our PNC cash back card, where we earn 1.75% cash back on all purchases. We have enough airline miles to get us where we need to go for the foreseeable future, so cash back makes more sense right now. I will also keep my eyes open for my next card to leverage. A super sweet sign-up bonus and points or money to use for a future trip? Yes, please!