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I applied for the Southwest Rapid Rewards® Performance Business Credit Card because I want to earn a Southwest Airlines Companion Pass, which will allow me to take my wife with me on Southwest flights for just the cost of security taxes. Our daughter is still just one year old and flies free as a lap infant, but with Southwest’s open seating as long as there’s even one open seat on the flight it’s going to wind up next to us since no one wants to sit in a middle seat next to a baby.
The goal was to get the card now, earn the bonus at the beginning of 2020, and finish off the Companion Pass so that it’ll be valid for most of 2020 (the rest of the year in which it’s earned) and all of 2021 (the full year following the year in which it’s earned).
That, to me, made the card’s $199 annual fee worthwhile. And that’s even before getting to the bonus, which is currently 70,000 points after $5000 spend within 3 months (worth about $1050 in airfare by my calculation, and double that with the companion pass). You can also use the card’s statement credit for TSA PreCheck or Global Entry in the first year, so getting the card is a no brainer on a value-versus-cost basis.
However I’m realizing there’s a simple reason for me to keep the card into the future, and not just because spending on the card helps earn a Companion Pass (and can help renew my status). Actually there are two reasons.
- 9000 bonus points each year after cardmember anniversary (which I value at $135, or much of the cost of the annual fee)
- Inflight wifi credits – I’m going to get the annual fee back in rebated internet alone since you can generate the credit up to 365 times per year, including more than once a day. My wife and I, traveling together, are two credits at a time.
Seeing those wifi statement credits post, from more than one use a day, made me realize this card will easily pay for itself.
Just before getting the card I paid for A1 – A15 boarding when I arrived at the airport. My elite status had just expired unexpectedly, and I didn’t check in 24 hours prior to flight, so I was stuck with a C group boarding pass and an inevitable middle seat for my DC – Austin flight home. The money was worth it to get an aisle and a bit more space to work for the flight.
I don’t even need to get to the four times a year that the card will rebate this expense to know that I’m getting more than my money’s worth.