It is Friday!!! Time to recap on some of the small wins throughout the week!
So I have some exciting news about the referral program that we mentioned last week, after going over some details with a friend about how beneficial credit card rewards points can be, he signed up for one of the best credit cards currently out there to start off with the Chase Sapphire Preferred Credit Card (in my opinion). Then to my delight I received an email from chase confirming I will be receiving the referral points!!!
To be a little bit more specific on the time frame, the person applied for the credit card and was approved on Nov 20th and on Dec 6th, I received the confirmation email that I will see the bonus points on the next month’s statement. So, it seems that the approximate timeframe is about ~20 days and BAM someone gets paid at the very least $100 but potentially even more if used through affiliate programs (see previous post for info).
Now, onto what we had mentioned at the end of the last post, the almighty Southwest Companion Pass…
What is the Southwest Companion Pass?
Essentially, it is a “perk” that if you can accumulate 110,000 Rapid Rewards Points, in 1 (one) calendar year then you will be able to get a free ticket for a “companion” for every flight you book with Southwest Airlines. So for example, you buy an Southwest Airline ticket to Denver, you can also book a “companion” ticket for free on the same flight!!
So maybe not completely free…there are some fees that will need to be paid see above.
There are a lot of mentions of this is a great way to travel for less and an awesome credit card airline hack…but how exactly can someone get this 110,000 qualifying points?!?!?!? Well, I am starting this small journey myself and will document the process I am taking.
One of the key things that I am reading, is that the qualifying points that will be counted in the 110,000 points need to be earned in the same calendar year. Once the Companion Pass is earned you essentially have this pass for the rest of the year and until December of the following year. So if the pass is activated February 2019, you will have the pass active until December 2020. That means, if you time it correctly you have a Companion Pass for almost 2 years!
This is where it can get a little tricky, (at least for me) I opened the Southwest Rapid Rewards® Plus Credit Card November 2018 and plan to charge $1,000 on this card to obtain the 40,000 points to be awarded in 2019. Then I will apply for the Southwest Rapid Rewards® Premier Business Credit Card and charge $3,000 in the first 3 months to obtain the 60,000 point bonus. That should give me 100,000 points and I will only be 10,000 points away. I am hoping to get a referral bonus in early 2019 to get my last 10,000 points 🙂 . So if anyone is feeling giving and is going to try to get the companion pass as well please try to use the Southwest Credit Card link in the post to apply for the credit card.
The business credit card requires a little more information/effort to get. You have to have proof of an actual business to apply for this. A couple of ways this can be done, if you have a Tax ID for the business, then that’s it! If not, then you could prove it by having your tax return show you declared a business.
I am hoping to have this companion pass by March or April of 2019, wish me luck!!!
If you have any questions or comments please let me know!