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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!
I have been using Raise to purchase discounted online gift cards to add to my savings. Let me show you how:
- Start at Swagbucks or Ebates to see the best cash back/points back on a Raise.com gift card purchase. I have seen 1-2% back at either location lately.
- From either portal, click through to Raise.com (here is a starter $5 for you!). Note that if you are using an ad blocker, it might interfere with the tracking cookie, so disable it for Ebates or Swagbucks.
- On Raise, search for a gift card of choice. Let’s say you would like to shop at Target.com. I have seen Target gift cards for sale up to 6-7% off. Purchase a gift card in an amount that makes sense for your purchase so you don’t have an extra balance laying around. Pay for your Target gift card using a rewards-generating credit card. Right now, I am using a Southwest credit card to rack up miles, but sometimes I use a card that gives me 1.75% cash back. (The Southwest card link is good for 50,000 points when you spend $2k in 3 months. Without the link, the bonus is only 25,000 points right now. There is an annual fee with this card. More fine print at the link)
- Your e-gift card code typically will show up in your Raise account a few minutes later. Sometimes it takes a little longer.
- Navigate on back to Ebates (at publication, giving 2% back) or Swagbucks (at publication, giving 1SB per dollar spent) and then using either portal, click through to Target.com.
- Add your purchase to your cart. If you have a Target RedCard, be sure to check that tickbox as default payment, but do not pay with your RedCard! Pay with your gift card purchased on Raise, and you still get 5% off! WHAT!
- Done. Yay!
A few hoops to jump through, but in this example, let’s say we are planning to purchase something that is an even $100 on Target.com. Let me show you what these hoops will net you.
- If you have a Target RedCard, you’d need a gift card with a $95 value to make a $100 purchase. Purchasing a $95 value Target gift card on Raise for say, 5% off plus a $5 off code is $85.25 out of pocket.
- Tack on a 1% SB bonus for your Raise purchase (so, 85 SB to your account)
- Then say you are getting 1.75% cash back on your credit card. That’s $1.49 back on a $90 purchase.
- If you get 2% back from Ebates on your Target purchase, there is $1.90 in your Ebates account.
So…you bought a $100 item (maybe it was on sale and you had a coupon code or something to sweeten it further!) and with the gift card, credit card rewards and cash back from online portals, you are out roughly $80 (I’m not sure how to value SB in money so I sorta guessed). $20 off. TWENTY PERCENT OFF and that’s not factoring in sales/coupons/etc on Target.com.
This scenario applies to other retailers too of course — a quick look is showing me:
- Macy’s gift cards on Raise going for 10% off (and 6% back on Ebates);
- 16.9% off a JCPenney gift card at Raise and 6% back at Ebates;
- 7% off a Kohl’s gift card at Raise and 6% off at Ebates
- … many more retailers
Be sure if you are doing an online purchase that you are purchasing an e-giftcard that is good for online purchases. Some cards are physical cards, and some are good in-store only. The fine print will spell it out.
Questions? Get in touch. Let me know how much you saved.
(Probably goes without saying but YES there are affiliate links in this post! At no extra cost to you if you don’t already have an account with the places I have mentioned, I would get a reward and you might get a sign-up bonus, or just sweet discounts when you use it. Thanks!)