I love credit cards so much!

[miztressuz]

Re-posting this portion of an earlier post since I did not get any responses. Anyone? Bueller?

I do have a couple of questions:

#1: I've been noodling on opening a Chase Sapphire account for the 60k UR bonus. Chase is a much more convenient place for me to bank than BofA since moving to Idaho. But I remember reading something about the bonus being taxable (at a rate that seemed very high) and Chase issuing 1099s. Does anyone know if this is accurate? I would only do it if I was reasonably confident that the bonus would be treated like a cc bonus.

#2: Per the recent discussion regarding the increase in the AF for the Biz Plat, I'm not planning on keeping mine once the AF hits again. Are there any downgrade options for the Biz Plat vs. cancelling? I already have the Biz Gold and Biz Green. Can I downgrade to the Blue Biz Plus?

For #1, no one knows for sure yet since they haven't done a UR bonus on a banking account so far as I can tell. However, my understanding of the reason UR points normally don't require a 1099 is they are considered a rebate on a purchase which isn't subject to tax. But there's no purchase taking place when they are deposited from opening a bank account and so they should be considered income, in this case I think they're considering it interest income. I'd guess they are valuing them at the 1cpp cash rate so you'd get a 1099 for $600 in interest, but again, just speculation. Might not know for sure until Jan/Feb whenever Chase does their 1099-INTs and we get reports back.

 

[gottalovepluto]

Re-posting this portion of an earlier post since I did not get any responses. Anyone? Bueller?

I do have a couple of questions:

#1: I've been noodling on opening a Chase Sapphire account for the 60k UR bonus. Chase is a much more convenient place for me to bank than BofA since moving to Idaho. But I remember reading something about the bonus being taxable (at a rate that seemed very high) and Chase issuing 1099s. Does anyone know if this is accurate? I would only do it if I was reasonably confident that the bonus would be treated like a cc bonus.

#2: Per the recent discussion regarding the increase in the AF for the Biz Plat, I'm not planning on keeping mine once the AF hits again. Are there any downgrade options for the Biz Plat vs. cancelling? I already have the Biz Gold and Biz Green. Can I downgrade to the Blue Biz Plus?

1) Yes, this is a bank bonus and is taxable. According to TPG the fine print details that you will be issued a $600 1099-MISC so look for that fine print if you want to sign up to confirm that. The amount seems fair to me as that's the cash value of the points. https://thepointsguy.com/guide/are-bank-account-bonuses-taxable/

 

[3 DD love princesses]

We have Best Buy. They accept in store, right? But Walmart is online only? Not sure if we have Shell, I pretty much always use QT or Kroger if I have fuel points.

Sorry just getting a chance to get online. I would do the bb in store.

 

[gottalovepluto]

It's really strange but all of my CSR transactions from the end of Oct through the end of Nov are not showing in the UR reward activity section. I, also, don't see the 3k bonus URs for the 5 ChasePay transactions under the Promotions Earned section. I have plenty of points from DH using the shopping portal though.

Saw 1500 UR bonus for the ChasePay stuff posted with my UR points on my 5th Chase Pay transaction as "bonus". I'm not having any issues seeing my Oct-Nov CSR UR activity. Try again later?

 

[gottalovepluto]

In case anyone wants to slum with TPG. LOl. I guess it might be worth free SW points.

To celebrate the holiday season and the current limited-time offer of up to 60,000 points on the Southwest Rapid Rewards Priority Credit Card, The Points Guy and Chase are partnering up to give away a cumulative 8,640,000 Southwest Rapid Rewards points over the next 12 days.

Between Dec. 12 and Dec. 23, 12 lucky TPG readers will be selected at random each day to win 60,000 Southwest Rapid Rewards points. Based on TPG’s valuations, those points are worth $900. What’s even more exciting is that these points will count toward Companion Pass eligibility, and we think this is one of the most valuable airline perks out there. Note: The 60k points will not be processed into the winners’ accounts until January 2019.

If you’d like to be one of the winners, engage with us each day via the following platforms:

*Posts on each platform will be live at 11am ET each day. To be in the running, you must submit your comment or post on the correct platform by 11:59pm ET on the corresponding day.

Day 1, 12/13: In the comments section of this announcement post, tell us where you’d go on 60,000 Southwest points, and who you’d take with you!

Day 2, 12/14: Post a photo from your favorite vacation in the comments of this post (link will be added day of) on the TPG Facebook page and use the hashtag #LuvTPGgiveaway

Day 3, 12/15: Tweet us @thepointsguy and use hashtag #LuvTPGgiveaway telling us which Southwest card you would most likely get

Day 4, 12/16: Post a photo from your travels on Instagram and hashtag #LuvTPGgiveaway

Day 5, 12/17: Comment on this Facebook TPG Lounge post (link will be added day of) and tell us about a time when points got you somewhere that cash couldn’t.

Day 6, 12/18: Tune in to our Facebook Live at 2 pm ET, where a winner will be selected at random from one of the attendees.

Day 7, 12/19: Post a travel photo of you in the comments of this post (link will be added day of) on the Mommy Points Facebook page with the hashtag #LuvTPGgiveaway

Day 8, 12/20: In the Facebook TPG Family lounge, tell us in the comments of this post (link will be added day of) about somewhere you’d take your child (or a niece, nephew, etc.) on Southwest and use #LuvTPGgiveaway

Day 9, 12/21: Comment on this post (link will be added day of) on Brian Kelly’s personal Instagram, and tell him one place you’ve been able to visit as a result of reading TPG.

Day 10, 12/22: Drop us an email at luvtpg@thepointsguy.com telling us what your favorite Southwest Credit Card perk is

Day 11, 12/23: Forward your copy of today’s newsletter to luvtpg@thepointsguy.com. If you’re not yet a suscriber, sign up here: thepointsguy.com/subscribe

Day 12, 12/24: Comment on our TPG Instagram post (link will be added day of), telling us about one way you’ve been able to pay it forward to someone else using points or miles.

Fine, for all you SW people I guess we can give you guys a TPG pass for the next couple weeks [CHRISTMAS IS LESS THAN 2 WEEKS AWAY? $#@%?!& Not. Ready.] ... but somebody here better win some points!

*please completely ignore the fact I literally posted an article from TPG right before this in answer to a question, thank you

 

[MrsAlexis]

Weird question: DH got SW Plus card in the mail today (finally). His middle initial is wrong and RR account wasn't printed on the card. Called and requested replacement, no problem. But how do I link the card to his online account? When I tried to verify online using his login in, it wasn't shown as an option to verify. Cant see on the app how to add a card. I will SM in the morning but thought I would ask here in the mean time. It's as if the card isn't associated with him somehow?

 

[mmmears]

I have AMEX offers for both Bulgari and Jimmy Choo today. AMEX must think I have much more disposable income than I think I have...

 

[kidsfirsttrip]

What’s the current DP on 3 active Chase biz cards? I’m at 5/24 (but amex hasn’t reported rose gold) and I’ll drop to 4/24 in March. I have CIP (sept) and just got CIC (Dec). Any chance I would get approved for CIU in March? I also want Hyatt and then I think I’m ready to move in from Chase. Trying to think best timing.

 

[afan]

it works just like Apple pay, it does not require any network. It needs to be S6 or above though.

It's an s4 so oh well. Was a thought
Thanks!

 

[palhockeymomof2]

What’s the current DP on 3 active Chase biz cards? I’m at 5/24 (but amex hasn’t reported rose gold) and I’ll drop to 4/24 in March. I have CIP (sept) and just got CIC (Dec). Any chance I would get approved for CIU in March? I also want Hyatt and then I think I’m ready to move in from Chase. Trying to think best timing.

I have 3...SW business 11/17, CIP 5/18 and CIC 10/18.....so you should be fine to apply for a third in March...

 

[afan]

Fine, for all you SW people I guess we can give you guys a TPG pass for the next couple weeks [CHRISTMAS IS LESS THAN 2 WEEKS AWAY? $#@%?!& Not. Ready.] ... but somebody here better win some points!

*please completely ignore the fact I literally posted an article from TPG right before this in answer to a question, thank you

MMS tweeted about the TPG contest too so I think everyone gets a pass on this one.

 

[SouthFayetteFan]

Does anyone get any kind of extra discount buying tickets through the Mousesavers newsletter link? I signed up
years ago and although i see specials here and there I don't see them on Tickets.

In my experience, the special Mousesavers Link should save you $1 off per ticket vs Undercover’s regular prices. Yes...you read that right...$1.

 

[jhoannam]

What’s the current DP on 3 active Chase biz cards? I’m at 5/24 (but amex hasn’t reported rose gold) and I’ll drop to 4/24 in March. I have CIP (sept) and just got CIC (Dec). Any chance I would get approved for CIU in March? I also want Hyatt and then I think I’m ready to move in from Chase. Trying to think best timing.

DH has 3, but his are pretty spaced out.
CIP 9/17
Marriott 3/18
SW 11/18

 

[havaneselover]

What’s the current DP on 3 active Chase biz cards? I’m at 5/24 (but amex hasn’t reported rose gold) and I’ll drop to 4/24 in March. I have CIP (sept) and just got CIC (Dec). Any chance I would get approved for CIU in March? I also want Hyatt and then I think I’m ready to move in from Chase. Trying to think best timing.

I got cip 12/17, cic 5/18, and ciu 12/18.

 

[Lain]

MMS tweeted about the TPG contest too so I think everyone gets a pass on this one.

Bankrate owns both TPG and MMS, so... But if it means one of us wins a prize and a TPG drone doesn’t, then that’s ok.

 

[kidsfirsttrip]

I got cip 12/17, cic 5/18, and ciu 12/18.

DH has 3, but his are pretty spaced out.
CIP 9/17
Marriott 3/18
SW 11/18

I have 3...SW business 11/17, CIP 5/18 and CIC 10/18.....so you should be fine to apply for a third in March...

Thanks! Might be pushing to applying only 3 months between apps. My last Chase cards before that were the Marriott 4/18 and SW DD plus and premier 1/18 (planning to cancel both before March). Will that matter?

 

[palhockeymomof2]

Thanks! Might be pushing to applying only 3 months between apps. My last Chase cards before that were the Marriott 4/18 and SW DD plus and premier 1/18 (planning to cancel both before March). Will that matter?

From everything I’ve read 2-3 months between applications is good....I’ve alternated business and personal cards..10/17 SW personal....11/17 SW business...5/18 CIP...8/18 CSR...10/18 CIC...

 

[DisneyMandC]

What’s the current DP on 3 active Chase biz cards? I’m at 5/24 (but amex hasn’t reported rose gold) and I’ll drop to 4/24 in March. I have CIP (sept) and just got CIC (Dec). Any chance I would get approved for CIU in March? I also want Hyatt and then I think I’m ready to move in from Chase. Trying to think best timing.

Marriott Biz -1/18
CIP- 5/18
CIU- 11/18

 

[DisneyMandC]

I have an Amex offer for 30% back on select streaming services up to $15. Very select... Spotify, Pandora, Sling, Sirius XM, Showtime, and CBS All Access. Netflix and Hulu are not listed. Works well for me since my Hulu and Spotify and are billed together and it codes as Spotify. Expires 3.6.19.

 

[Ngwira]

Currently planning for spring break 2020...Rome and Florence.
Any tips from anyone who has been? Already booked our Airbnb.