Companion Pass Redemption!

So great news! Hopefully…

As you know I was not successful in my first attempt in obtaining the coveted Southwest Companion Pass.

Based off of many factors, but the saga continues!!!

I received a text from my brother today, about a new promotion from Southwest that if you sign up for one of the Chase Southwest cards and spend $4,000, you will get 30,000 Rapid Reward points and the Southwest Companion Pass!!!!!!!!!!!!!!!

One key difference between this promotional offer and the traditional way to get the Southwest Companion Pass is that this Pass offer will end December 31, 2019 versus the traditional pass would have lasted until the following year December 31, 2019.

I did run into a little snafu…I already have a consumer/personal Southwest Credit Card. In this scenario, I just had my wife apply for the consumer card.

There are a couple of personal card that you can apply for that currently has this promotional offer. I’ve highlighted some key differences between the cards below.

I decided that the card that would work the best for my wife and I, in this situation was the Southwest Rapid Rewards Plus Credit Card. She applied and was approved!!! Bam!!!

I am hoping to be able to meet the requirement of this card and maximize the travel perks for this year! Wish me luck!

The dream never died! Another small win! #Neverstoptrying

Southwest Companion Pass

It’s now mid December and the saga for the Southwest Companion Pass is well underway!!! Hoping for more small wins!

So, update on my progress so far:

  • I was approved for the Southwest Rapid Rewards Credit Card
  • I am close to the $1000 spend requirement for the card to receive the 40,000 bonus points
    • FYI…I had to stop the spending on it for 2 weeks to make sure the bonus points wouldn’t be awarded in the 2018 fiscal year. (Remember that the accumulation of the 110,000 points must be awarded in the same year, so in my case 2019)

One of the new challenge with obtaining the companion pass now is that, they’ve created a rule that won’t allow one person to have 2 personal Southwest credit cards. Which means, the only other option is to open the Southwest Premier Business Card. 

I tried to open the business card in early November of 2018, but was denied because I couldn’t show proof of owning a business (some of the accepted documentation was mentioned in the previous post). So, I had to go find proof, even if I already had a business. So it seemed that I needed to legitimize the things I was doing for my business in order to get approved for this card. The route I chose was to apply for a Sole Proprietorship with my county tax office, this costed me $20 and would probably help me in the long run anyways. I’ve posted the fee schedule for different applications just to help everyone visualize how inexpensive, legitimizing a home business can be.

I did not enjoy having my application denied last time so I wanted to make improve my chances even more than just having a sole proprietorship paperwork (I really hate getting denied). So, I went ahead and applied for a business tax ID [EIN] with the IRS, through the IRS website. This is actually an even easier process. If you apply for it online you will get your EIN number immediately. 

I think I’ve done all I can and let’s see how this goes. I went ahead and applied for the card again today and received a reply that they will need to review further. Worst case scenario I will at least get the bonus points from the personal card. -_- 

ChooseFI, is a great resource and one of their recent podcast essentially goes over all of this at a little higher level. If you haven’t listened to it, you should definitely check it out. 

104R | Travel Rewards | End of Year Planning

Let’s hope I can report soon that this will be another small win!!

Credit Card Hack 2.1

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!

Credit Card Hack 2.0

**Another small win**

Previously we went over a scenario I had and how to actually use the reward points people discuss about. 

Today, I wanted to expand a little bit on a couple of more little “hacks” that we all can do to fully take advantage of the offers and points available to us. One thing I actually learned while trying to help others with credit card hacking is that we can all benefit from this, by using referral codes. If someone we know is going to start trying to benefit from credit card rewards why not get referral points?

Currently Chase has a wide variety of options. Some are shown below.

Depending on the time of the year and what promotion they may have going on, the referral points may differ. I was able to receive points from a referral pretty easily. 

  1. Choose the card you currently have and click on the “Invite friends now”
  2. Then it take you to a page to fill out:
    • Last Name
    • Zip Code
    • Last 4 digits on your card

3.  Then the site will provide you with a referral link that can’t be sent to anyone or you can decide to email it out to anyone you know. *Note – the email options takes awhile for the recipient to receive it. I personally don’t like that option. 

If you are finding this helpful so far and don’t have a current friend or family member to give them the referral bonus in opening a chase credit card. In this example, the Southwest Rapid Rewards® Plus Credit Card. If you don’t mind I would love to get a couple of referral bonuses on this Southwest credit card as I am trying to obtain the Southwest Companion Pass.  (Note: I will update/remove my referral link above when I have maxed out my bonus for the year.)

Then Bam!!! After someone uses your referral link and gets approved for the card you will be awarded the bonus points for that time period. I currently still need to follow up on 1 referral bonus that I have out, for the Chase Sapphire Preferred credit card to make sure I do get the points and how long it takes and will keep everyone updated! (Chase website does mention it may take up to 8 weeks)

So, I mentioned something previously in this post…that my goal in this next couple of months is to obtain a Southwest Companion Pass, I will go more in detail that benefit and how I plan to obtain this next week 🙂 

I hope you have found some use of this quick and easy hack! Another small win! 

Again please leave any feedback/comments for this post or anything else you would like to see more of. Thanks for reading! 

Mr. 9-5 & Mr. Bzness