Original Post
Written by
Edited May 25, 2024
at 06:33 AM
by
Southwest Airlines: $500 eGift Card $430 from Costco.
HERE [costco.com]
Valid Only For Southwest Airlines® Flights
Redeem Online, At Ticket Counter Or Call 1-800-I-FLY-SWA®
Limit of 1 Transaction, with a Maximum of 5 Units Per Membership
Item is Non-Refundable
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Not saying you'll never use these card benefits, but through all my business and personal travels, I've had zero instances of needing any credit card travel benefits. When you account for the immediate 14% savings, the expected value of travel loss is less. So it's a better deal to "gamble" and gain a guaranteed 14% savings vs. the <1% chance of drawing a credit card travel insurance claim, which are pretty limited. You also subtract from the benefit the 14% savings here, further lowering the CC benefit.
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Was there yesterday, yes it's marked down to 429.99
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You don't purchase the full value of the ticket, you still put $10 or more on the credit card. Then the travel insurance is added.
It would take around 3 years to get the equivalent of $70 gain in a HYSA at 5% if you invest $430.
Plus, you don't have to report the $70 as you would have to in the earnings thru the hysa to the federal government or your state and thus pay taxes on it.