Southwest 50K Offers Are Back!

What’s the deal???

If you read my blog, you should already know the deal!

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The Southwest Airlines Rapid Rewards Credit Cards from Chase are back at the forefront of signup bonuses again!

Once again, they are offering 50,000 bonus points on each of 4 credit cards.

Long story short, the idea is to get 2 of these cards (one personal & one business), complete the spend goals, receive 100k bonus points, and then further increase your Southwest Rapid Rewards point total to 110k points.

Reaching 110k RR points will earn you the Southwest Companion Pass.

The Companion Pass will let you take a designated companion onboard with you for FREE! This pass will last until the end of the next calendar year… so December 31, 2014!

Visit my original post on this amazing deal for more details!

Other Related Posts

American Express Platinum 100K Bonus

UPDATE 1/8 12:30 PM EST: The deal seems to be dead. I can’t get the offer to show on creditcards.com anymore. I hope everyone who wanted to get in did so! Until the next deal…

What’s the deal???

There is a potential 100,000 bonus point offer from American Express right now. After spending $3,000 in the first 3 months after opening the card, you’ll receive 100,000 Membership Rewards points.

amex-100k-creditcards-com

What are the Platinum card’s benefits/features?

  • $450 annual fee (read below and you can make this fee back and more in features).
  • $200 airline credit per CALENDAR year (meaning you can use this for 2013 and 2014 right before cancelling) – $400 value.
  • Airport lounge access through the Priority Pass network – value every time you travel.
  • Global Entry rebate – $100 value.
  • Fine Hotels & Resorts access (you can receive room upgrades and special amenities with your stays) – at least $100 value + room upgrades.

Is it a good deal?

HELL YEA! This matches the highest offer ever for the Platinum card. If I didn’t already have one, I’d have already applied.

How do I get in on it?

  1. Head over to CARDMATCH on creditcards.com
  2. Enter your information (I got the offer to show without entering my SSN).
  3. Look for The Platinum Card from American Express offer and click Apply Here
    amex-100k-creditcards-com-02
  4. Fill out your information on the American Express website and submit your application

NOTE: ALWAYS take screenshots when you apply for credit cards with bonus offers!

This may be your only recourse should the bank try to stiff you on a bonus offer.

Wrap-Up

In a relatively slow time of big credit card offers, this is a no-brainer. 100k is a lot of points.

100k of Amex Membership Rewards points is a lot of flexibility! With past partner transfer bonuses, 100k MR points could be worth either 150k British Airways Avios or 150k Delta SkyMiles.

No matter how you slice it, this is an amazing offer!

Hat tip to Travel Summary.

How To: Apply for a Business Card

So you just got wind of an amazing credit card signup offer, but you’re bummed because it’s for a Business card and you don’t have a business. Don’t worry, you HAVE a business! Let’s spread some knowledge and get you that card!

What exactly constitutes a business?

In the eyes of the IRS, it doesn’t take much!

Now, if you actually have an official business, then you don’t have much to worry about. You will have all the information required to fill out this application.

However, if you’re like most of us and don’t have a Federal Tax ID, then this how-to guide is made for you.

I’ve applied for a few business cards over the years and my businesses have varied. My first business card was for this blog. Another one was for my buying & selling gig on eBay. Yet another was for being a freelance writer for online web sites. And my latest business card was, once again, for this blog.

The point is… ANYTHING and ANYONE can be a business! The key to this is a certain type of legal entity called the Sole Proprietorship. Basically, it’s a business entity owned and run by a single individual and it’s completely legit.

If you’re still stuck on what you can do as a business, just think for a little. I know a lot of people who have a talent or service that they can use as a business.

  • Designing  templates for like wedding invitations and selling them on Etsy
    • Note: you can sell anything you make on Etsy!
  • Selling on eBay, Craigslist, Internet forums, etc.
  • Teaching
  • Freelance anything – writing, website design, photographer, etc.

How to Fill Out the Application

For the most part, the business credit card application is the same as the personal one. You’ll be asked to provide the standard details – Name, Address, Social Security Number, Annual Income, etc.

Where the business application differs is (obviously) the part where you provide information about your business!

how to business card

Everything with a green arrow relates to your business

  • Legal Name of Business: You can make a name for your business or you can just use your own name. I’ve done both.
  • Business Street Address: I always use my home address.
  • Tax Identification Number: As you can see in the pic, use your own Social Security Number since you do not have a Tax ID.
  • Type of Business: Sole Proprietorship. DO NOT choose any other option!
  • Year in Business Under Current Owner: Self explanatory.
  • Number of Employees: I usually just put 1 (myself). You don’t have to put 2 if you want to get an additional card for an “employee”. I haven’t had any trouble.
  • Nature of Business: Self explanatory. I usually choose Other.
  • Annual Business Revenue/Sales: Don’t be afraid to tell the truth, even if it’s a small amount. Definitely don’t lie. It’s something they’ll ask you about later.
  • Authorizing Officer must be one of the following: Owner. I suppose you could pick other choices but this is the easiest to explain on the phone to an agent.

Fill out the rest of the required fields on the application and let it fly! I’ve never had a business card application instantly approved, but if you are… Congrats! You’re done.

If you’re not instantly approved, you’ll probably get a message telling you that your application needs further review and they will contact within 10 or so days regarding the decision.

Calling the Reconsideration Line

Instead of  waiting for the bank to get back to you, a better and faster way is to call what is known as the Reconsideration Line.

This is where you can speak to a live agent regarding your application. More often than not, they will review it while on the phone with you and collect any additional info they might need.

Before you call, you should be prepared with answers to common questions they might ask. Here is a transcript of the important parts of my last call with the Chase Reconsideration Line:

Chase: Let me take a look at your application and the credit report that came along with it.
Chase: Tell me about your business.
Me: It’s a blog where I discuss finding the best deals on things. It’s similar to the site slickdeals.net but with more focus on travel and airfare.
Chase: How long has this business been open?
Me: Only about 18 months.
Chase: What was the revenue of the business this year?
Me: About $200.
Chase: What were the expenses?
Me: About $100
Chase: So you’re looking at about $100 profit for the year.
Me: Yes.
Chase: Now tell me about your full time job.
Me: I’m an Application Developer Analyst for an energy company.
Chase: What’s your annual salary?
Me: More than you can afford pal! J/K I answered him 😉
Chase: How many years at your current job?
Me: Just over 5.
Chase: I see that we’ve extended you as much credit as we’re comfortable with so we wouldn’t want to extend more. What we can do is transfer some line of credit from one card to make room for this new card. The minimum is $3,000. Is that something you’d be interested in.
Me: Yes, please transfer $5,000 from my United Club card to this new Ink Plus card.

And that was that!

He made the credit line transfer and wrapped up the call. The card would go out that same day and I should expect it in 5-7 business days.

To some, it may seem a little daunting but review the conversation I had with the agent; it wasn’t a very pressing conversation at all.

Wrap-Up

So that about wraps up the entire process of applying for a business credit card. It’s not as bad as some people make it out to be.

If you have any more questions, feel free to post them in the comments below or ask on Twitter, Facebook, or Google+! I’m more than happy to talk about any of this stuff any time.

Now go out there, find your business calling, and get even more points and miles!

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Disclaimer: I am not a tax or legal professional. All the advice given is from my experience only. Please consult a tax/legal professional before making any business-related decisions.

What Card Do I Use For This Purchase?

This is a question that many friends & family ask me almost every day. There is usually a simple answer, but sometimes there are just so many types of purchases that one can forget.

A fairly updated array of all our credit cards

Here are a list of categories that you might commonly spend your money on and the cards that offer bonuses for spending within those categories:

Groceries

American Express Blue Cash Preferred: A straight up, no frills 6% cash back.

American Express Premier Rewards Gold: 2 Membership Rewards points per dollar spent.

American Express Hilton Honors Surplus: 6 Hilton Honors points per dollar spent.

Chase Freedom (rotating categories): If eligible for that quarter, earn 5 Ultimate Rewards points per dollar, capped at $1,500 per quarter.

Gas

Chase Ink Bold Business: 2 Ultimate Rewards points per dollar spent.

Chase Ink Plus Business: 2 Ultimate Rewards points per dollar spent.

American Express Mercedes Benz: 3 Membership Rewards points per dollar spent.

American Express Premier Rewards Gold: 2 Membership Rewards points per dollar spent.

American Express Business Gold: 2 Membership Rewards points per dollar spent.

American Express Hilton Honors Surplus: 6 Hilton Honors points per dollar spent.

Chase Freedom (rotating categories): If eligible for that quarter, earn 5 Ultimate Rewards points per dollar, capped at $1,500 per quarter.

Dining/Restaurants

Chase Sapphire Preferred: 2 Ultimate Rewards points per dollar spent.

Chase Freedom (rotating categories): If eligible for that quarter, earn 5 Ultimate Rewards points per dollar, capped at $1,500 per quarter.

American Express Mercedes Benz: 2 Membership Rewards points per dollar spent.

Citi Forward: 5 ThankYou points per dollar spent.

Airfare

American Express Premier Rewards Gold: 3 Membership Rewards points per dollar spent.

Chase Sapphire Preferred: 2 Ultimate Rewards points per dollar spent (3 if you purchase through Ultimate Rewards Travel Portal)

Hotels

Chase Sapphire Preferred: 2 Ultimate Rewards points per dollar spent

Chase Ink Bold Business: 2 Ultimate Rewards points per dollar spent

Chase Ink Plus Business: 2 Ultimate Rewards points per dollar spent

Other Travel (Tolls/Taxi Fare/Train Tickets)

Chase Sapphire Preferred: 2 Ultimate Rewards points per dollar spen

Office Supplies

Chase Ink Bold Business: 5 Ultimate Rewards points per dollar spent

Chase Ink Plus Business: 5 Ultimate Rewards points per dollar spent

Drugstores/Pharmacies

American Express Hilton Honors Surplus: 6 Hilton Honors points per dollar spent.

Communications (Cable/TV/Internet/Cell)

Chase Ink Bold Business: 5 Ultimate Rewards points per dollar spent

Chase Ink Plus Business: 5 Ultimate Rewards points per dollar spent

Advertising/Shipping

American Express Business Gold: 2 Membership Rewards points per dollar spent.

Amazon.com

Citi Forward: 5 ThankYou points per dollar spent.

Department Stores

Chase Freedom (rotating categories): If eligible for that quarter, earn 5 Ultimate Rewards points per dollar, capped at $1,500 per quarter.

Movies

Chase Freedom (rotating categories): If eligible for that quarter, earn 5 Ultimate Rewards points per dollar, capped at $1,500 per quarter.

Things to Note

  • ALL the links in this post are PUBLIC OFFERS that don’t pay me any commission. They are open to anyone and can be found with a simple Google search. That is, in face, how I found these links.
  • The Chase Freedom appears in a lot of these categories. Its bonuses change every quarter (as I’ve most recently posted about here) and with no annual fee, it’s almost a no-brainer to always have one in your wallet.
  • The Chase Sapphire Preferred also shows up in a lot of categories, mainly because Chase considers a lot of things in the category of “travel”.

Wrap-Up

Clearly, there are A TON of bonus categories that you’ll come upon in your everyday spending. It can get a bit daunting, but hopefully this guide will help you out.

As for me, I have my favorites of the bunch. Both the aforementioned Chase cards earn Ultimate Rewards points, which is why they are my favorite card combo for earning points that can be transferred to the following:

  • United Airlines
  • Southwest
  • British Airways
  • Korean Air
  • Hyatt
  • Priority Club
  • Marriott
  • Amtrak

Please let me know what you think and if this helps. Also, if you have other categories you are wondering about, post a comment and I’ll see if there is a card that qualifies for it!

Update on Chase Southwest Credit Cards – 50,000 x 2 & Companion Pass

What’s the deal???

A little over a month ago, I wrote about a pretty sweet deal from Chase and Southwest Airlines. By applying for one personal and one business card and spending $1,000 on each of them, you can earn a bonus of 50,000 Rapid Rewards points for EACH card.

Spend a little more (to get your points total to 110,000 points) and you will earn the Southwest Airlines Companion Pass. It allows you to choose a person to fly with you for FREE! This is probably one of the best value propositions out right now.

So what’s the latest?

Joann followed the directions from the last post and applied for one personal card and one business card. Chase approved her for both cards.

Upon receiving the cards, we immediately eclipsed the $1,000 spending goals and eagerly awaited the statements to close so we could get our bonus points.

chase southwest credit card companion pass

46% to Companion Pass

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