Last Call:
Chase is offering the following: Earn
75,000 bonus points after spending $3,000 on purchases in the first 3 months with the
Southwest Rapid Rewards® Plus, Premier, & Priority Credit Cards. Offer expires on 12/11/2023 9AM EST.
The
Southwest Rapid Rewards® Plus Credit Card offers the following benefits. The annual fee is $69.
- Earn 75,000 bonus points after spending $3,000 on purchases in the first 3 months from account opening.
- 3,000 anniversary points each year.
- Earn 2X points on Southwest® purchases.
- Earn 2X points on local transit and commuting, including rideshare.
- Earn 2X points on internet, cable, and phone services; select streaming.
- 2 EarlyBird Check-In® each year.
- Earn 1 point for every $1 spent on all other purchases.
- Member FDIC
The
Southwest Rapid Rewards® Premier Credit Card offers the following benefits. The annual fee is $99.
- Earn 75,000 bonus points after spending $3,000 on purchases in the first 3 months from account opening.
- 6,000 anniversary points each year.
- Earn 3X points on Southwest® purchases.
- Earn 2X points on local transit and commuting, including rideshare.
- Earn 2X points on internet, cable, and phone services; select streaming.
- 2 EarlyBird Check-In® each year.
- No foreign transaction fees.
- Member FDIC
The
Southwest Rapid Rewards® Priority Credit Card offers the following benefits. The annual fee is $149.
- Earn 75,000 bonus points after spending $3,000 on purchases in the first 3 months from account opening.
- 7,500 anniversary points each year.
- Earn 3X points on Southwest® purchases.
- Earn 2X points on local transit and commuting, including rideshare.
- Earn 2X points on internet, cable, and phone services; select streaming.
- $75 Southwest® travel credit each year.
- No foreign transaction fees.
- Member FDIC
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81 Comments
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Awesome thank you!
Step #1 -- called CS and canceled current accout
Step #2 -- wait 32 days and apply for a new card even though CS said you can apply now.
Is it not going to impact your credit score since u gonna close existing one and will open new one? Or this flow doesn't matter must be high score right?
Also, Chase has a general rule about 2/30 and 5/24 re: new cards. Such as if you have 5 new cards in the last 24 months you will likely be denied. and/or if you have 2 new credit card accounts opened in the last 30 days you will be denied (opened from any bank--not just Chase)
Many people get these cards every 2 years or so (by canceling and reapplying 32 days later) for the sign-on bonus points.
Chase has other products where it is 4 years (Sapphire) but Southwest has consistently been 2 years
I applied for the personal card. It went in the review. I called and talked to the underwriter agent. She said I will need to move my credit from one of the eligible cards to this one. I agreed and they approved the card.
Now I want to apply for the business card. I already have five Chase cards. To improve my chances of approval on the business card, should I close one of the existing cards or should I reduce the credit limit on one of these cards so that there is free credit to assign to the new card?
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I applied for the personal card. It went in the review. I called and talked to the underwriter agent. She said I will need to move my credit from one of the eligible cards to this one. I agreed and they approved the card.
Now I want to apply for the business card. I already have five Chase cards. To improve my chances of approval on the business card, should I close one of the existing cards or should I reduce the credit limit on one of these cards so that there is free credit to assign to the new card?
No don't close if you're applying soon. Business card applications aren't really impacted by personal cards as long as you're under the 5/24 rule.
Yes it counts towards the 135k needed for the companion pass. As for your second question, annual fee is charged a few days after the card is approved.
Most people would have you apply for the Business Card (even though you can't get a referral from it) because then you could hit both the individual bonus and the biz bonus in early 2024, resulting in you getting a companion pass too (in addition to all those Rapid Rewards points). That is your best option.
Most people would hold off on the wife.
Companion pass qualifying points need to have the points hit on the same person's Rapid Rewards Account within the calendar same year. That is why you would start your individual spend now, but NOT complete it until January so your points hit in Jan or Feb 2024.
If you had your wife get the business card, you would be getting two bonuses across two different rapid rewards accounts and would NOT quickly qualify for that companion pass.
The referral is available AFTER your card shows up by going to the chase refer a friend landing page and putting in your Last Name/Zip/Last 4 digits of your card....then a referral link gets generated and if someone else uses your referral link, you will get the referral bonus points posted to your statement shortly thereafter.
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That was sort of a gimmick.. The benefit of a companion pass is to get it for almost 2 years (in the year you qualify and the whole entire next year)....so people who regularly do this did not consider that to be a great deal.