Note: Last day to sign up.
Chase offers 50,000 Bonus Points with Southwest Airlines Plus Credit Card Approval after your first purchase. Points are redeemable for 2 Roundtrip Flights or $500 worth of Amazon gift cards. Thanks localdeals
Note, please read Pricing & Terms for more information. There is a $69 annual membership fee (not waived for first year), but you get 3,000 points when you renew your card, redeemable for a $50 Wanna Get Away Fare
Plus, get 3,000 points every year on your Cardmember anniversary,3 which can be redeemed for a $50 Wanna Get Away® Fare. Enjoy this and many other exclusive Cardmember benefits for a $69 annual fee.
Exclusive Cardmember Benefits
International Travel to over 800 destinations on 50+ global carriers.
Stays at over 70,000 hotels worldwide.
Car rentals from major brands.
Gift cards to all your favorite stores.
Amazing getaways, including
resorts, cruises, and theme parks.
POST YOUR CREDIT LIMIT AND SCORES - Indicate whether scores are FICO or Some other, such as Credit Karma, Etc
$5000 734 Experian FICO
$8000 790 Experian FICO $104k/yr income
$12000 759 Experian FICO
$10,700 789 CreditKarma $50K/yr income
$3,000 701 CreditKarma $50k income (initially declined but called and moved credit lines)
$5,000 701 CreditKarma $50k income (initially declined for the Business card, called twice and got a nice guy that approved me)
$17,500 765 FICO $87K/yr income
$17,000 791 CreditKarma $79K/yr income
$13,500 776 CreditKarma $60k/yr
$8,000 739 CK/ $60k/yr
$20,000 752 CK/ $86k/yr
$3,000 702 CreditKarma $15k/yr income
$3,100 758 FICO $16k/yr income
$10,000 752 CK / $75k/yr
ORIGINAL DEADLINE OF 11/11/2011 SEEMS TO BE ERRONEOUS. LINK CONTINUES TO BE ACTIVE AND ADVERTISED ON SOUTHWEST.COM. OTHER EVIDENCE SUGGESTS NEW DEADLINE IS 11/28/2011.
If you get the pending screen, call [/B]888-245-0625[COLOR] Mon-Fri 8AM-12AM EST to find out why you did not get instant approval. [Actually I called on Saturday at 7:30 pm and still got an answer... so it is probably not just M-F, call any time]
FYI, If you get a bill due date in mid/late December, you can call this number up and request to move it to the 1st. (YRMV on this one ... I just tried on 11/11/11 ... and they said it wouldn't take efftect until January 1st)
Automated application status line 1-800-955-9900
Direct business lending phone # 800-453-9719
If you are having issues redeeming the rewards (doesn't recognize that you are SW RR member)..
1. Log into your SW account on any browser.
2. then go to my account, on the left side, RIGHT CLICK on Redeem for more reward (blue text), select copy link location, or if you are on IE, select Properties, then copy the whole URL
3. Paste the link into another tab, change the last part ....Flag=False to Flag=true
4. It should work this way.
ADVICE ON CHOOSING WHICH TYPE OF CARD TO APPLY FOR:
If you are planning on keeping the card, the best card to apply for is the "Premiere" card. While it has a higher annual fee (99.00), each year on your anniversary you will get an amount of points equivalent to $100.00. Therefore, the card basically pays for itself.
If you are planning on cancelling the card, your best bet is to get the "plus" card because it has a lower annual fee, so you will take less of a loss if you are unable to cancel the card before you are on the hook for the annual fee. The Plus card also gives you points on your anniversarry, but only $50.00 worth, so you are essentially taking a $19.00 loss on the card every year if you keep the card.
Apply for the Southwest Airlines Rapid Rewards(R) Plus Card ($69 annual fee) Link [mychasecreditcards.com]
Apply for the Southwest Airlines Rapid Rewards(R) Plus Business Card ($69 annual fee) Link [mychasecreditcards.com]
Apply for the Southwest Airlines Rapid Rewards(R) Premier Card ($99 annual fee): Link [mychasecreditcards.com]
Apply for the Southwest Airlines Rapid Rewards(R) Premier Business Card ($99 annual fee) Link [mychasecreditcards.com]
Added Screenshots of all offers in case of any user may have to dispute it with Chase. Please see attached (getdealsonline)
Extra points for those starting up your Rapid Rewards Account
use promo code GNAVRPDRWDS if signing up for Southwest Rewards. That will give you 250 points. Something is better than nothing. :-)
750 free points link [southwest.com]
If you are already enrolled, get the 500 free points for signing up for the emails and stay subscribed for 3 months http://www.southwest.com/html/rapidrewards/promotions/email-points-offer.html
FAQ (add/answer if you can):
1. $69 Annual Fee:
a: When is it charged? -- After the first billing cycle (~30 days)
b: Can it be waived? -- The general consensus is NO, however one user reported a refund based on a separate but similar chase rewards offer. A small number of users suggest you might be able to avoid the annual fee if you cancel within the first 30 days (before the first billing cycle). I personally would factor the fee into the deal and treat a waiver/refund as a YMMV bonus.
2. Can my spouse and I, both living at the same adress get a card each and be eligible for promotion each? -- Yes. You should be able to get 2 cards each(regular and business). 3 cards might be possible if you don't have any other cards in the chase network, I don't think it is possible to get all 4 due max card count that Chase has in place.
3. Are there any other gift cards , other than AMAZON, that I can get?
A: Yes, Create an account at Southwest Rapid Rewards to view the retailers. There are quite a few options... Walmart would be another versatile option.
4. Many people are wondering what the deal is with companion flights? Anyone with info would be helping community greatly!
A: Once you have accrued 110,000 points within a calendar year, you become eligible for a "companion pass". Essentially, the person you designate as your companion pass holder will fly FREE with you every time you book a flight. The best part is that once you hit the 110,000 point mark, the companion pass is active for the remainder of the calendar year AND THE FOLLOWING YEAR. Because of this, if you are planning on keeping the card, it is advisable to refrain from making a purchase on your card until next year so that your 50,000 in points will apply towards your goal of 1110,000 for the year 2012.
5. I have a checking account and 2 CC's with Chase. Am I likely to be rejected because I already have three accounts opened with Chase?
A: No. I have a Chase checking & savings account and two Chase CCs. I was approved for this SW Chase card giving me five accounts with them.
6. What is the cashback equivalent of earning points with the card?
A: The answer to that is somewhat tricky. You earn 1 point for every dollar you spend on the card. However to judge the cashback value you should look at how valuable the points are when you are spending to redeem airfare. When you are spending points though, the type of airfare you are booking for ("business" vs. "anytime" vs. "wanna get away") has different valuations. The best "bang for your buck" is when you redeem points towards "wanna get away" fares, which is 60 points = $1 towards your airfare. When using this airfare type, you are essentially getting 1//60 of one dollar towards your airfare for every dollar you spend on the card, which means you are getting a cash back equivalent of 1.6 cents for every dollar or 1.6% cashback.
7. What if I'm rejected (for opening too many credit accounts recently or otherwise)?
A: Call the reconsideration line at 1-888-245-0625. They've generally got good people staffing the line. As long as you're calm and rational, plus you were rejected for a relatively minor infraction like "too many accounts" (because you've been reward hunting), you should have a decent shot. I was honest: There have been a lot of great rewards deals lately, but I was still using all of the cards and hadn't cancelled any. After a few minutes of hold time, I was approved.
8. How do you link your Rapid Rewards Account with your Chase account?
A: To speed the whole process up you should create a RR account before you sign up, the credit card application has a spot for your ID.
If you have already signed up for the credit card, try looking up your RR account number: http://www.southwest.c
If that doesn't work, Chase creates a RR account when you sign up, just call chase 1-800-248-4377 and they will provide you with the RR account number.
9. When does the 20% discount for the gift cards end?
A. 12/15/11 - You can still redeem 50,000 points for $500 worth of gift cards without the discount
10. When do I get the points?
A. Some people are reporting that they are getting their points a few days after statement closing, Others are reporting that they haven't, according to Chase it takes a few weeks before you get the points.
11. Is there a list of what gift cards one can get with the points?
12. Do they actually send physical Amazon gift cards?
A. Yes, via USPS
Here is the list of gift cards offered, all gift cards are at least a $50 card for 5,000 points unless noted. Any points listed below are regular points price.
(20% discount: 3,000=2,400 | 5,000=4,000 | 10,000=8,000 | 50,000=40,000)
AMC (4 tickets)
Barnes & Noble
Bath & Body works
Bed and breakfast.com ($100 card available for 10,000 points)
Bed Bath & beyond
Best Western ($100 card available for 10,000 points)
Big City Deals (Minimum $200 card for 20,000 points)
Busch Gardens (8,345 points for adult, 7275 points for Child (NO DISCOUNT))
Carnival ($100 card available for 10,000 points)
Cabela's (Only $25 card available for 3,000 points)
Carnival (Only $500 card availble for 50,000 points)
Chili's/Romano's/On the boarder mexican/Magiano's (1 card multiple places)
Darden Restaurants (Red lobster, Olive garden, LongHorn, Bahama Breeze, and Seasons 52)
Dave & buster's
Dillard's (only $25 card for 3,000 points)
Farmont Hotels (only $100 card for 10,000 points)
Great American Days
Hard Rock Cafe
The HoneyBaked Ham
The Home Depot
Hyatt (only $100 for 10,000 points)
Itunes (only $25 for 3,0000 points)
Lobster Gram (only $100 for 10,000 points)
Magazines.com (only $25 for 3,000 points)
Morton's the Steakhouse (only $150 for 15,000 points)
Motherhood Maternity (a pea in the pod)
Marriott (only $100 for 10,000 points)
Options Giftcard from Gap
Royal Caribbean (only $500 for 50,000 points, $100 for 10,000)
Red Robin (only $25 for 3,000 points)
Ruth's Chris steak House (only $100 for 10,000 points)
Rtiz-Carlton (only $100 for 10,000 points)
Sea World (8,519 for adult, 7454 for child - NO DISCOUNT)
SpaFinder (only $100 for 10,000 points)
Staples (only $25 for 3,000 points)
TalBots (only $100 for 10,000 points)
TGI Friday's (only $25 for 3,000 points)
Toys R Us
Universal Orlando (12,000 for Adult, 11,000 for child - NO DISCOUNT)
Visa Gas Card (Only $25 for 2,400 points - NO DISCOUNT)
MAKE SURE THE RAPID REWARDS ACCOUNT YOU ARE LOGGING INTO IS THE SAME RAPID REWARDS ACCOUNT THAT IS LINKED TO YOUR CHASE CARD. CHASE WILL CREATE A RAPID REWARDS ACCOUNT FOR YOU AND THAT ACCOUNT IS WHERE THE POINTS WILL GO. IF YOU GO TO THE RAPID REWARDS WEBSITE AND CREATE AN ACCOUNT, THAT ACCOUNT WILL BE DIFFERENT FROM THE ACCOUNT CHASE CREATED AND YOUR POINTS WILL NOT SHOW IN THE ACCOUNT YOU CREATED. THUS, IT WILL SEEMS AS IF YOU ARE NOT GETTING YOUR POINTS WHEN, IN FACT, THEY ARE IN THE RAPID REWARDS ACCOUNT THAT CHASE CREATED.
IN ORDER TO CONFIRM WHETHER THE RAPID REWARDS ACCOUNT YOU ARE LOGGING INTO IS THE SAME THAT IS LINKED TO YOUR CHASE CARD, CALL SOUTHWEST RAPID REWARDS CUSTOMER SUPPORT AT 214-932-0333. IF IT IS NOT, ASK THE CUSTOMER SUPPORT PERSON TO HAVE THE TWO ACCOUNTS CONSOLIDATED. THEY WILL SEND YOU AN EMAIL WITH A LINK TO CHANGE YOUR PASSWORD. YOU WILL THEN HAVE TO LOG INTO THE CONSOLIDATED ACCOUNT USING YOUR RAPID REWARDS NUMBER, AND NEWLY CHANGED PASSWORD. AFTER YOU LOG IN, IT WILL ASK YOU TO CREATE A NEW USER NAME.
Credit Scores: 9 Things That Don't Matter, 5 That Do
There are a lot of misconceptions about credit scores. Some people believe everything from where they live to the color of their skin affects their score. Here's what influences scores, what doesn't, and what you can do to improve yours
Nearly 1 in 6 people believe race and gender affect their credit score, according to a study published last month.
The study by Visa [prnewswire.com] reveals a lot of mistaken assumptions people have about their credit scores. For something that affects our ability to get everything from a home or car loan to a job, life insurance, and a decent credit card, it literally pays to understand what's going on. But 42 percent of Americans don't even regularly check their score, the study says.
In the video below, Money Talks News founder Stacy Johnson takes on some of the biggest myths about credit scores. Check it out [moneytalksnews.com], and then read on to find out how they really work - and what you can do to raise yours.
Stacy didn't cover the whole list of myths in the survey. Here's what folks believe about their credit scores, at least according to Visa. Those surveyed think scores are affected by...
Employment history: 59.9%
Interest rates on debt: 58.7%
Assets / savings: 53.1%
Where you live: 25.3%
National origin: 21.6%
Ability to speak English: 21.6%
But none of these factors has the slightest effect on your credit score. It would be illegal for Fair Isaac (the company that calculates FICO scores, by far the nation's most popular) to consider some of these factors -- things such as race, religion, birthplace, gender, and marital status. If you'd like to see a complete list of things they explicitly ignore when calculating your credit score, you can check it out here. [myfico.com]
That's not to say nobody cares about such things as your income and work history. A landlord or loan officer will likely want to know about your salary and employment history. But as a component of your credit score? Not relevant.
What does count
Raising your credit score may not be easy, but the factors behind it are no secret. In fact, Fair Isaac explains exactly what factors influence your credit score. [myfico.com] They even weigh each factor for you...
* Payment history (35%) - This is your track record of paying back what you borrowed. Accounts in collection, late payments, and bankruptcy are bad; paying on time for a long period is good.
* Amounts owed (30%) - This is based on the total amounts you owe, and the ratio of what you're allowed to borrow to what you currently owe, called your "utilization ratio." Maxing out your credit hurts it; keeping a lot of unused credit available helps it. Ideally, you want to keep your utilization ratio below 30 percent. So if you have a credit card [bankrate.com] with a $1,000 limit, you'd want to keep your balance below $300.
* Length of credit history (15%) - This considers the length of time each credit account has been open, and when each account was last updated with payment or usage info. As you might imagine, the longer your history, the better. This is why if you're going to cancel a credit card, all things being equal, ditch the newest and keep the oldest.
* New credit (10%) - This includes recent inquiries and requests for credit. Regularly applying for new credit card [bankrate.com] or other loans will cost you.
Types of credit used (10%) - There's all kinds of credit out there, from revolving (credit cards) to installment (car and home loans.) Fair Isaac likes you to be well-rounded and sample them all. In short, diversity helps.
Finding out your score
You can get a free copy of your credit report from AnnualCreditReport.com. [annualcreditreport.com] A report from each of the three major reporting agencies - TransUnion, Experian, and Equifax - can be accessed once a year, so stagger them four months apart and you can stay on top of your credit all year long for free. But these reports won't give you your score, just the background information agencies like Fair Isaac use to calculate it.
Since your credit score is of vital importance, you'd expect to able to get a free look at it now and then. But you can't - at least not Fair Isaac's. They charge you $19.95 to see it. Why can't you see your score without cost? I'll let Stacy explain from this post he did last year: [moneytalksnews.com]
Since your credit score is obviously super-important, and is derived from your personal credit history, you may feel justifiably confused by why you should have to pay 20 bucks to see it. The explanation for that I can summarize with one word: lobbying. The financial services lobby in this country is one of our democracy's most powerful. To get a fair shake for consumers in virtually anything has always been an up-hill battle. In the case of getting a free look at your credit report, for example, it took years. In the case of being able to see your credit score, it hasn't happened yet.
Fair Isaac's isn't the only credit score around - there are sites like Credit Karma [creditkarma.com] that will hook you up with a free score, but it's not Fair Isaac's FICO score. You can sometimes get a free FICO score if you're turned down for credit, which isn't the best option. You might also try to get one gratis by applying for a free Fair Isaac credit monitoring trial [myfico.com] and canceling within the 10-day trial period.
Raising your score
The path to a good credit score is obviously paying your bills on time, all the time, for long periods of time. That being said, however, there are a few steps you can take to try to get faster results.
1. Fix errors. Get your free credit reports and look for errors - they're more common than you might think. If you find mistakes, challenge them. This page of the FTC website [ftc.gov] tells you exactly what to do.
2. Try to get bad marks removed. You can also try to have negative remarks removed from your credit history, even if they're accurate. It's not easy, but it's been done. Stacy explains what to do, and offers a sample letter, in this post. [moneytalksnews.com]
3. Lower your utilization ratio. As mentioned above, maxing out your credit lines raises your utilization ratio and lowers your credit score. Bring your ratio down by paying down debt, increasing credit lines, or shifting balances. Learn more in 3 Tips to Raise Your Credit Score - Fast. [moneytalksnews.com]
Source: Money Talks News. [moneytalksnews.com]