Companion pass points
Do points earned from new credit card sign up bonuses count toward companion pass?
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Originally Posted by samswa
(Post 30471215)
Do points earned from new credit card sign up bonuses count toward companion pass?
Transfers in from Chase UR or Diners (or hotel programs), no. |
Originally Posted by samswa
(Post 30471215)
Do points earned from new credit card sign up bonuses count toward companion pass?
Anyways, the above answer is correct. But more important is to understand the timing. Points must be earned within the calendar year. And that year does not end EXACTLY on December 31st. It is all tied to when the charges hit he credit card, and the closing date of your card. No exceptions. VERY VERY VERY IMPORTANT. |
And you can search for some information out there, including on the first page of this board: you can no longer get sign-up bonuses from two personal cards. You can get it from one business and one personal card.
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Originally Posted by NoStressHere
(Post 30471655)
DISCLAIMER - I and many others will quickly add comments. Based on past experience, first time posters often never return. LOL!
Anyways, the above answer is correct. But more important is to understand the timing. Points must be earned within the calendar year. And that year does not end EXACTLY on December 31st. It is all tied to when the charges hit he credit card, and the closing date of your card. No exceptions. VERY VERY VERY IMPORTANT. Or can he spend NOW, and as long as the 110000 points hit the RR account In January 2020? |
Originally Posted by SuperKirby
(Post 31625621)
I promise I've been reading for hours and hours, but I am still confused. So...my friend just got approved for the SW business card (closing date November 15th for example). He needs to have ALL spend between December 15 to January 15 and get the 110000 point requirement to hit the Jan 15th closing date, then he will have CP for all of 2020 and 2021?
Or can he spend some NOW, and as long as the 110000 points hit the RR account In January 2020? He can spend now below the signup-bonus level but anything that POSTS to his Southwest account in 2019 will not go towards CP. All 110k must POST in the same calendar year. So why spend now? Just makes you spend more in a couple months. The absolute safest thing is not to spend a dime (except annual fee in the first month) until Jan 1.That’s my plan. |
Originally Posted by toomanybooks
(Post 31626175)
So why spend now? Just makes you spend more in a couple months.
The absolute safest thing is not to spend a dime (except annual fee in the first month) until Jan 1.That’s my plan. The reason for spending now is because if he waits he will have to spend $5K from Jan 1-15! much easier to start beforehand. |
Originally Posted by SuperKirby
(Post 31626204)
thank you.
The reason for spending now is because if he waits he will have to spend $5K from Jan 1-15! much easier to start beforehand. Insurance. Medical bills. Year-end charitable donations. Prepayment of utilities. Gift cards you are certain to spend (for groceries, home repair projects). It's not that hard if you can afford to prepay $5k of real expenses. |
Originally Posted by nsx
(Post 31626996)
Income tax. Property tax. 2% fee for those but worth it.
Insurance. Medical bills. Year-end charitable donations. Prepayment of utilities. Gift cards you are certain to spend (for groceries, home repair projects). It's not that hard if you can afford to prepay $5k of real expenses. |
Originally Posted by Critterlynn
(Post 31627032)
Not saying Chase would question this, but if they did, i think it would be hard to justify medical bills as a business expense.
The go-to method of meeting spending goals is making estimated-tax payments. Seems those would be legitimate if you're a sole proprietor. |
Originally Posted by RustyShackleford1
(Post 31627684)
do we have any evidence they've ever questioned to legitimacy of an expense on a business card ?
Banks prefer charges on business cards over personal cards since there are far fewer consumer protections on these transactions. |
Originally Posted by Tanic
(Post 31627758)
Banks prefer charges on business cards over personal cards since there are far fewer consumer protections on these transactions. Chase sure was stingy about giving me my last RR Business card though; guy interviewed me for 15 minutes or so about my "business". Got an INK later with no hassle though. |
Originally Posted by SuperKirby
(Post 31626204)
The reason for spending now is because if he waits he will have to spend $5K from Jan 1-15! much easier to start beforehand.
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Originally Posted by darthbimmer
(Post 31635929)
The basic problem here IMO is people trying to press their advantage too far. Opening a WN card in early October so you can finish up the spend in early January and cinch the CP for 23.5 months is a great plan in theory... but as discussed above it's risky in practice. For folks who are still planning their play I suggest opening a card in, say, late November so you can cinch the CP by late February without worrying about getting all the timing perfect. Sure, you only get 22 months of CP instead of 23.5 but that's a still an enormous ROI... and with less risk.
The only reason people are/were getting it in October is for the 80000 SUB, which I think is now back down to 70000. Do you think all $5K spend from December 15-January 15 will count towards CP? |
Originally Posted by SuperKirby
(Post 31636325)
Do you think all $5K spend from December 15-January 15 will count towards CP?
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