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Southwest Chase $500 Bonus

October 12th, 2014 at 05:35 pm

I've been keeping an eye out for the SW Chase $500 bonus, with the plan to buy a PS4 with the bonus. (The $500 bonus is paid out with gift cards).

I haven't seen anything, but today on a whim I googled a bit to see when they offered this bonus last year and to try to take a guess when they will offer them again this year. It seems like maybe they have just been offering it all along. ?? I found a working link on a July 2014 post! I was a little wary of that one but found another one posted in the last week (linked to the same offer). So, woohoo!

Here is the link:

Text is and Link is

What is great about this offer is that it stated in the fine print that you CAN double dip this bonus if you have not redeemed for 24 months. Woohoo! (When dh double dipped this card earlier in the year I heard it was a 50/50 chance that he would actually be eligible for the bonus. I was never entirely sure he would actually get the bonus).

I was hoping to get the PS4 last time, but dh got all weird about it. But right now he seems to be in a PS4 mood. Will see when it arrives. I just want to get the PS4 paid for with free money. It will be a good purchase to go with our planned projector upgrade (any month now).

My plan is to just charge up $2,000 health insurance like the day I get the card. So I can cancel it ASAP to get the $99 annual fee refunded.


Rewards Update! Surpassing $3,000!

2014 TALLY:

$200 Cash (Citi card, Moi)
$500 Amazon gift cards (SW Chase double dip, Dh)
$500 Amazon gift cards (SW Chase double dip, Moi)
$250 Cash (Chase Freedom, Moi)
$200 Cash (Chase Checking, Moi)
$200 Cash (Chase Checking, Dh)

+$550 deposit to ROTH (Fidelity Am Ex - 2% cash back; health insurance & misc. spending)**

+$450 AmExRewards (6% cash back groceries/3% fuel)**

+$ 75 Target rewards (5% discount Target purchases; mostly groceries)**

+$ 75 Visa Rewards (1% cash back - for places that don't take AmEx - primarily dentist/insurance/utilities)**

**Estimates for the whole year

Grand Total = $3,000

***CAVEAT - I absolutely do not recommend utilizing credit card rewards in this manner, unless you are in full control of your credit card spending.***

1 Responses to “Southwest Chase $500 Bonus”

  1. creditcardfree Says:

    I'd really like to find an offer for the plus card soon. I may actually keep it this time and would like the lower fee.

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