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Credit Card Bonus Alert

Posted on 12/2/12 at 7:39 pm
Posted by TheOcean
#honeyfriedchicken
Member since Aug 2004
42594 posts
Posted on 12/2/12 at 7:39 pm
Chase Southwest is offering $500 in amazon gift cards or $835 in round-trip airfare for $2k spent in the first 3 months.

LINK

Free money. It does have a yearly fee, just make sure to cancel before the year is up.
Posted by foshizzle
Washington DC metro
Member since Mar 2008
40599 posts
Posted on 12/2/12 at 8:02 pm to
Posted by bryso
Member since Dec 2006
27130 posts
Posted on 12/2/12 at 8:14 pm to
Isn't canceling cc a bad idea?
Posted by Signature
Omnipresent
Member since Sep 2005
6738 posts
Posted on 12/2/12 at 11:25 pm to
I can't say I've done anything like this before. I'd love to hear some skeptic express the cons. 2 free domestic flights and $500 Amazon GC? Seems worth the hassle for just about anyone. Other than the slight hit on credit. Is there something else I'm missing?
Posted by Catman88
Baton Rouge, LA
Member since Dec 2004
49125 posts
Posted on 12/3/12 at 8:36 am to
It definitly has a hit on your credit. Its short term but its two fold. A hit on the initial credit pull and then a hit on your credit history length. If you are old or young its minimal because being old you probably have a really long credit history that is being cut in half but is still solid. If you are really young then you just dont have the credit history to begin with for it to hurt it any.

However if you are say in your mid 30s it can wreck your credit profile.
This post was edited on 12/3/12 at 8:37 am
Posted by LSURussian
Member since Feb 2005
127108 posts
Posted on 12/3/12 at 11:27 am to
quote:

It does have a yearly fee, just make sure to cancel before the year is up.


According to the link you provided it appears the annual fee is charged immediately....NOT waived for the first year. Still with a fee of $99, it's still a good deal.
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