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The Southwest Priority card is one of the most value-packed airline credit cards around — one benefit alone cancels out $75 of the annual fee

If you fly Southwest Airlines even once or twice a year, the Southwest Rapid Rewards Priority Credit Card offers major benefits that can improve your flying experience and save you some money. Every year you'll get a $75 travel credit and 7,500 Rapid Rewards points, plus up to four upgraded boarding slots. It earns 2 points per dollar spent on Southwest flights and at its hotel and rental car partners, and 1 point per dollar spent everywhere else. The card also provides some helpful protections, including delayed and lost baggage reimbursement, and purchase protection. Read more personal finance coverage. When it comes to customer-friendly perks and policies, Southwest is among the most generous US airlines. It allows two free checked bags, and free flight changes. If you fly Southwest even one or two times a year, the Southwest Rapid Rewards Priority card can further improve your travel experience, with benefits like an annual $75 travel credit and upgraded boarding up to four times per year.  The card earns Southwest Rapid Rewards points that can help you book your next award flight faster, both on your everyday spending and as a bonus each year after your account anniversary. It does have a $149 annual fee, but as you'll see, it could be worth it. Keep in mind that we're focusing on the rewards and perks that make these credit cards great options, not things like interest rates and late fees, which will far outweigh the value of any points or miles. It's important to practice financial discipline when using credit cards by paying your balances in full each month, making payments on time, and only spending what you can afford to pay back. Southwest Rapid Rewards Priority card details Annual fee: $149 Sign-up bonus: 40,000 Rapid Rewards points after you spend $1,000 in the first three months Points earning: 2 points per dollar spent on Southwest Airlines and its hotel and rental car partners; 1 point everywhere else Foreign transaction fee: None Sign-up bonus and points earning You'll earn 40,000 bonus points after you spend $1,000 on purchases in the first three months of account opening with the Southwest Priority card. This is the card's standard sign-up offer — we've seen higher ones of up to 60,000 points, so you could score more rewards if you wait, but there's no guarantee when or if that offer will come back. In addition, you'll earn 2 points per dollar spent on Southwest Airlines and its hotel and rental car partners (this list includes most major US hotel and rental car companies, plus hotels booked through Southwest Hotels and Rocketmiles) and 1 point per dollar spent everywhere else. And every year, you'll receive 7,500 bonus Rapid Rewards points for your account anniversary – that's worth $112.50 according to The Points Guy! Annual fee and other charges The Southwest Priority card has a $149 annual fee, and no foreign transaction fees, so you don't have to worry about extra charges when you travel internationally. With the annual $75 travel credit and the annual 7,500 Rapid Rewards bonus points, the card basically pays for itself if you take full advantage of these benefits. If you have to carry a balance from month to month, this is not the credit card to use. You'd be much better off with a card that offers an intro APR period so you can pay down your debt without accruing interest.  Top Southwest Priority card benefits $75 Annual Southwest Airlines travel credit The Southwest Rapid Rewards Priority card has a $75 annual travel credit, which is valid for any Southwest purchase except upgraded boarding and in-flight purchases. Just buy a Southwest ticket, pay with the Priority card, and get a $75 credit back on your credit card statement automatically with no hoops to jump through. If you'll spend at least $75 on Southwest flights anyway, this annual credit is an easy way to offset the $149, effectively bringing it down to $74. Upgraded boardings and discount on in-flight purchases This card will reimburse you for the purchase of four upgraded boardings with Southwest every year. This is different from Southwest Early Bird Check-In, which you purchase at booking or add afterwards; upgraded boarding is sold at the gate when there is extra space available in the A1-A15 boarding group. Since Southwest seating is famously first-come, first-serve, upgraded boarding can be a great way to avoid a middle seat. This normally costs $30-50 per flight, but with the Priority card you won't pay anything for the first four Upgraded Boardings each year. The Southwest Priority card also offers a 20% rebate on in-flight purchases — including premium drinks, Wi-Fi, movies, and messaging — when you pay with your card. You don't get a free checked bag with this card, but you don't need one, because Southwest is the rare airline that offers two checked bags for free. Accelerated access to Companion Pass and A-List status The Southwest Companion Pass is perhaps the most famous deal in travel: earn 125,000 qualifying points in a calendar year, and the person you pick can fly with you on any Southwest ticket (paid or award) for just the cost of taxes and fees. The points you earn from using the Southwest Priority card — including the sign-up bonus! — count toward the Companion Pass qualifying requirements. If you're aiming for Southwest's A-List or A-List Preferred elite status, this card can also help you move up to the next level. For every $10,000 in eligible net purchases on the card, you'll earn 1,500 Tier Qualifying Points (TQPs), up to 15,000 points per year. This is the only way to earn TQPs other than flying on a paid Southwest ticket. Other travel benefits If you use this card to pay the full cost of a car rental, you can forget the rental company's collision insurance: the Southwest Priority Card offers automatic theft and damage protection on most rental cars in the U.S. and abroad. In the US, though, this coverage is secondary to your personal car insurance. Other cards like the Chase Sapphire Preferred Card offer primary car rental insurance in the US, so you don't need to file a claim with your personal insurance first. When traveling, your luggage is also covered: if you use the Priority card to pay for your flights and your bags are delayed over six hours, you'll be reimbursed for necessities (up to $100 a day for three days), and if your bags are lost or damaged, you're covered for up to $3,000 per passenger. Purchase protection and extended warranty Nearly anything you purchase will be covered against damage or theft for 120 days, up to $500 per claim and up to $50,000 per account. And if it has an eligible manufacturer's warranty of three years or less, paying with this card will grant you an additional year of warranty coverage. Redeeming your Southwest Rapid Rewards points Southwest Rapid Rewards points are easy to use: Just visit southwest.com, search for a flight, and click the Points button to see prices in points instead of dollars. With Rapid Rewards, there are no blackout dates and no seat restrictions; as long as there's a seat available for purchase, you can book that seat with your Rapid Rewards points. The number of points you'll pay depends on the price of your ticket, so if you also have access to other rewards programs, make sure to compare prices to make sure you're getting the best deal. Other cards to consider The Southwest Priority card is the best choice for frequent Southwest flyers who can take advantage of the $75 annual Southwest credit and four upgraded boardings per year. If you want to earn Southwest points but you don't know if the $149 annual fee is worth it for you, there are some other options to consider. First, there's the Southwest Rapid Rewards Premier Credit Card, which has a lower annual fee of $99. It earns Southwest points at the same rate as the Priority card (2x points on Southwest and eligible partner purchases and 1x point on everything else), but it offers a lower annual bonus of 6,000 points, and it doesn't offer the annual Southwest credit or the upgraded boardings. If you want to use credit card spending to work toward Southwest A-List status, the Premier card allows you to earn 1,500 TQPs for every $10,000 you spend, up to 15,000 TQPs per year. The Southwest Rapid Rewards Plus Credit Card is the entry-level personal card in Southwest's lineup, with a $69 annual fee. The main difference is that this card doesn't allow you to earn TQPs toward Southwest status, and you get a lower annual bonus of 3,000 points. This is the only card of the three to charge a foreign transaction fee. Read more: We compared Southwest's 5 credit cards to help you find the best fit for you And don't forget that you can transfer Chase Ultimate Rewards points to Southwest, so if earning enough rewards to book free flights is your main concern, a card like the Chase Sapphire Preferred could make sense. It's currently offering a sign-up bonus of 60,000 points after you spend $4,000 in the first three months, and it earns 2x points on travel and dining. There's a $95 annual fee, and no foreign transaction fees.  If you want a more premium card, there's the $450-a-year Chase Sapphire Reserve, which offers up to $300 in annual credits toward travel purchases, and earns 3x points on dining and travel (excluding the $300 credit). Bottom line The Southwest Rapid Rewards Priority credit card is great for anyone who flies Southwest. Even if you only travel once or twice a year, the annual $75 travel credit and the 7,500 bonus miles are worth more than the annual fee, and you'll get to enjoy the other perks like upgraded boarding and in-flight discounts. And if you're a frequent Southwest flyer, you'll get even more benefit from those perks, plus the card can help you reach A-List status or a Companion Pass that much sooner. Click here to learn more about the Southwest Priority card. More credit card coverage What's the best airline credit card? The best cash-back credit cards Southwest credit card review Best rewards credit cards Join the conversation about this story » NOW WATCH: How to find water when you're stuck in the desert
Business Insider

BlockFi Offers Zero-Fee Trading for Bitcoin, Ethereum and GUSD Stablecoin

Coinspeaker BlockFi Offers Zero-Fee Trading for Bitcoin, Ethereum and GUSD StablecoinPremier cryptocurrency lending service BlockFi has introduced a new feature. It is trading at no fees for Bitcoin, Ethereum and the stablecoin GUSD. The startup has been known to allow users access to returns on their cryptocurrency holdings by offering loans to borrowers against users’ cryptocurrency holdings and then passing across the returns in terms of interest on the loans while securing the crypto assets that were used as security for the loans. While this model is known to have been extremely successful, the startup has gone one level further by offering to trade of one cryptocurrency asset against another without any need for fees. In this scenario, a user will be able to sell one cryptocurrency asset for another for zero fees. The big question therefore that many have asked is: where will the revenue streams come from? The answer to this will be the data on trades and consumer behavior that will be sold to institutional cryptocurrency firms. These firms will also step into the new market place and will take on the role of market makers which will enhance the liquid position of the new market place. BlockFi Ceo Zac Prince referred to this when he said:“Market makers want the information about what trades are happening, and they get it by having relationships with as many venues as they can support to receive that order flow,” This, of course, has brought the issue of privacy of users data which has many people worried. The company itself has sought to allay peoples’ fears when it said that users’ data will be anonymized and that no personalized records will be made available to the cryptocurrency firms. Sources further indicate that a number of the market makers have been clients of BlockFi on the lending side and some have also been investors in the startup in the early days. They include Akuna Capital, Susquehanna, and CMT Digital. The CEO’s position is that multiple partnerships for BlockFi allow for the deepening of partnerships with such partners which shows his interest in building the business side of things with such partners for the long term.The cryptocurrency startup has also indicated that the decision to go into trading was made after a customer survey demonstrated that a large portion of withdrawals was made for trading activities. This also proves that the startup, that was supported by such prominent names as Galaxy Digital, Winklevoss Capital, ConsenSys Ventures, understands how to respond to the needs of customers.The cryptocurrency startup has also indicated that it will be adding more cryptocurrency options shortly which include USDC and Litecoin and is also looking towards bringing in new traders in the crypto-space onto its platforms. At the end of the day, it is these kinds of customer-centric innovations that will encourage further cryptocurrency adoption. BlockFi Offers Zero-Fee Trading for Bitcoin, Ethereum and GUSD Stablecoin
Coinspeaker

Crypto Lender, BlockFi Rolls Out Real-Time Trading For BTC, ETH, And GUSD For Zero Fees

Crypto lending platform which is supported by Galaxy Digital, ConsenSys Ventures among others, has introduced a new trading platform that attracts zero fees. According to CoinDesk, the platform’s clients will have the liberty to buy or sell utilizing their current balances. The trading platform will allow the clients to buy or sell Bitcoin, Ether, and […]
Bitcoin Exchange Guide

Zero Fee Tezos (XTZ) Staking Live on Binance

Leading crypto exchange Binance now lets Tezos (XTZ) holders stake their tokens right from their dashboard wallet and earn rewards. According to the announcement released on December 3, Binance will implement the service starting from December 4, 2019. Staking XTZ on Binance Staking is another way to make profits with cryptocurrencies different from buying andRead MoreRead More. The post by Edoardo Vecchio appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News\
BTC Manager

Circle to Charge Fees on US-Based Poloniex Traders’ Crypto After Dec. 16

Circle to Charge Fees on US-Based Poloniex Traders’ Crypto After Dec. 16 Circle, the parent company of cryptocurrency exchange Poloniex, says it could charge United States users fees and even confiscate users’ entire balances if they do not remove their funds. In a blog post on Dec. 3, Circle warned that U.S. traders have no […] Cet article Circle to Charge Fees on US-Based Poloniex Traders’ Crypto After Dec. 16 est apparu en premier sur Bitcoin Central.
Bitcoin Central

Ethereum's gas fee makes it hard to use its blockchain: Justin Sun

While the Ethereum community awaits the transition of the network from Proof-of-Work [PoW] to Proof-of-Stake [PoS] with Ethereum 2.0, several members of the crypto-ecosystem have been commenting on thThe post Ethereum's gas fee makes it hard to use its blockchain: Justin Sun appeared first on AMBCrypto.
AMBCrypto

A Whale Moves Over $310 Million USD in BTC From Bittrex For a Mere $1 USD Fee

A large transaction of over 43,000 BTC has been moved from Bittrex cryptocurrency exchange wallet to an unknown wallet according to Blockchain.com, a bitcoin explorer. 43,654 BTC Moved From Bittrex A giant amount of over 43,654 BTC, currently worth slightly over $310 million USD, has been moved from one of the largest crypto exchanges, Bittrex, to an unknown wallet raising questions of a possible dump or HODLing situation. The transaction, as viewed on Blockchain.info shows the transaction was recorded on block 606,587 with a miniscule fee of 0.00013920 BTC, roughly $1 USD paid. While the fee paid is tiny as compared to the fees in the traditional systems, the movement of the value without any government, bank or authority having control is the most noteworthy point here. Bitcoin is gaining more and more reputation as a safe, anonymous and cheap way to make large transactions across borders. The benefits of transacting in Bitcoin witnessed through this Bittrex transaction makes a strong use case for adopting cryptocurrency. With the transaction taking a mere 591 bytes to be recorded, and about 7 confirmations to be completed, the issue of scalability in large transactions is minimized. In November, a whale moved about 44K BTC in a transaction that charged them less than a dollar. In September, HardFork publication reported a case of a whale moving close to $1 billion in BTC value for a mere $700 USD in fees. The post A Whale Moves Over $310 Million USD in BTC From Bittrex For a Mere $1 USD Fee appeared first on Coingape.
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Weiss Ratings Downgrades EOS for Centralization

The Weiss Crypto Ratings chart saw EOS slide down the ranks. Weiss downgraded the project, pointing centralization as the chief reason. Weiss Moved EOS Down Straight to C- Weiss Ratings downgraded EOS from B to C-, despite the favorable estimations in the past. The chief reason was the influence of big token holders, which could decide how to sway network resources. 1/6 We’ve had great respect for work and thinking that went into the #EOS project. But the Weiss Crypto Ratings model is not based on opinion. It’s driven by data. And that data has now caused a downgrade from B to C-. Here's why (full article to be published soon): — Weiss Crypto Ratings (@WeissCrypto) December 6, 2019 The EOS blockchain gains its speed from the feature of only having 21 block producers, which transpire transaction information amongst themselves. Thus, spreading the latest state of the distributed ledger is easier, in comparison to Bitcoin’s feat of broadcasting to above 9,300 anonymous nodes. The EOS Constitution also has special cases for blocking accounts – a feature which has been useful during hacks, but also means transactions can be censored centrally. The concentration of resources in only a few hands meant “whales” could decide on allocating activities. This is also one of the reasons why the EIDOS token spread like wildfire, consuming almost all transactions on the EOS network. Network Capable of Faking Activity, Hosts Parasitic Token EOS is a network similar to older ones like BitShares, as well as Steemit. Those networks have shown that the influence of “whales” can be immense, and two nodes could even broadcast millions of free transactions. Other networks like Lisk (LSK) showed that the election process for delegates ended up with voting power getting accrued in the hands of a few top delegates. All of them could vote each other into place, without resorting to regular user vote. EOS trades at $2.75, gradually declining from the mid-year peak above $6.00. The coin has erased most of the gains for 2019 and is on track to fall to lows not seen since the bear market of 2018. According to Blocktivity, the network carries more than 43 million transactions per day. As expected, things will get better from here. A bit fairer cpu pricing. Congestion will gradually die down as it's not dirt cheap to get cpu anymore. Everyone becomes a bit more vigilant. Fairer value for EIDOS and YAS and CPU. It will get better everyday.Now, when Voice? — Enumivo (@enumivo) December 1, 2019 Most of those now belong to minting EIDOS tokens, while other transactions are related to distributed app activity. EOS has also seen accusations that most of its dApps are visited by bots, faking the real usage statistics. What do you think about EOS’s latest crypto ratings (as per Weiss)? Share with us in the comments below.  Images via Shutterstock, Twitter: @WeissCrypto, @enumivo The post Weiss Ratings Downgrades EOS for Centralization appeared first on Bitcoinist.com.
Bitcoinist

Block.one Set to Launch its Social Media Network ‘Voice’ on February 14, 2020

Voice, a social media platform built on the EOS blockchain, is set for release on February 14, 2020. Block.one, the firm behind its design, is optimistic that Voice will compete favorably against the likes of Facebook and Twitter. This innovation will mainly use tokenization to promote activity within the network and leverage its authentication features […]
Bitcoin Exchange Guide

SpaceChain’s New Milestone: First-Ever Demo of Blockchain Tech on the International Space Station

On Monday, December 5, 2019, community-based space and blockchain-focused platform, SpaceChain sent its blockchain hardware wallet technology to the International Space Station (ISS). As per the press release, this endeavor is the first ever ISS demonstration to date and was achieved as part of the CRS-19 commercial resupply service mission. This is definitely a milestone […]
Bitcoin Exchange Guide

Bitcoin Fund Gets SEC Approval | Cardano Ready For A Push | Crypto.com EOS | Enjin | Digibyte |

Do you need Bitcoin BTC as Bitcoin Briefly Breaks Above $7,500 After SEC Approves BTC Fund. Crypto.com Launches Syndicate Platform with EOS Coin Discount on it's newly launched exchange with CRO pairs. Cardano Getting Ready for Big Push in 2020, Says Charles Hoskinson. Jared Tate talks about Digibyte DGB and the Poloniex issue. Delta Exchange Launches Derivatives for Enjin ENJ after Microsoft Partnership. Ross Ulbricht Clemency Petition Gathers 250,000 Signatures. References - https://cointelegraph.com/news/bitcoin-briefly-breaks-above-7-500-after-sec-approves-btc-fund https://www.forbes.com/sites/investor/2019/12/06/bitcoin-why-you-need-it/ https://www.altcoinbuzz.io/crypto-news/partnerships/crypto-com-launches-syndicate-platform-with-eos-coin-discount/ https://www.altcoinbuzz.io/crypto-news/spotlight/cardano-getting-ready-for-big-push/ https://twitter.com/jaredctate/status/1203034572176408577 https://twitter.com/emailshashwat/status/1202974396110884868 https://twitter.com/balanipankaj/status/1202901524701052929 https://coinnounce.com/petition-to-free-ross-ulbricht-has-crossed-250000-signatures/ https://news.bitcoin.com/ross-ulbricht-clemency-petition-gathers-250000-signatures/Altcoin Buzz -------- Free Newsletter: http://eepurl.com/dnIEz1 MCO USD 50 REWARD https://platinum.crypto.com/r/k7tsgv2xc0 Sign up for eToro https://tinyurl.com/yxwa8vbt --------- Visit our website: https://altcoinbuzz.io Connect with us on Social Media: Twitter: https://twitter.com/Altcoinbuzzio Facebook: https://www.facebook.com/altcoinbuzzio/ Telegram: https://t.me/joinchat/DLi8Ug8negQrbwYO-oqNRA ---------- NOTE The information discussed on the Altcoin Buzz YouTube or other social media channels is not financial advice. This information is for educational, informational and entertainment purposes only. Any information and advice or investment strategies are thoughts and opinions only, relevant to accepted levels of risk tolerance of the narrator and their risk tolerance maybe different than yours. We are not responsible for your losses. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence and consult the financial advisor before acting on any information provided. Copyright Altcoin Buzz Pte Ltd. All rights reserved.
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Only one cryptocurrency is outperforming bitcoin this year — and its exchange has pioneered the practice of destroying coins every quarter

Binance Coin, or BNB, is the only major cryptocurrency outperforming bitcoin this year, but its namesake exchange is facing new concerns around increased competition, police raid rumors, and its "burning" practice. The Binance exchange faced new scrutiny after it said in November it has no "fixed offices in Shanghai or China" following reports of a police raid in the country, Bloomberg first reported. The exchange also destroys, or "burns," a portion of BNB coins in circulation each quarter as part of a plan to slash supply in half. Though Binance buys the coins off investors before destroying them, the practice likely serves as a factor in BNB's surge in 2019 and demand may wane once the burns reach their goal. BNB's popularity as the leading exchange token now faces opposition from new firms looking to corner the initial-exchange-offering market. Watch BNB trade live here. Binance Coin is the only major cryptocurrency outperforming bitcoin this year, but its namesake exchange faces heightened scrutiny for its "burning" practice and police raid rumors. The coin, typically referred to as BNB, allows holders to gain access to trading discounts and other benefits on Binance, the world's largest spot cryptocurrency exchange. BNB is up roughly 156% year-to-date, dwarfing bitcoin's 100% surge. The digital coin's outperformance was first reported by Bloomberg. The coin's run-up is likely boosted by the exchange's quarterly practice of destroying, or "burning," BNB to reduce the number of tokens outstanding. Binance plans to burn half of the total BNB supply — about 100 million coins — before pausing the practice. Though it buys the coins from holders before destroying them, the practice drives BNB demand as users still look to use its benefits. Binance destroyed $36.7 million worth of BNB at the end of the third quarter, or roughly 2 million coins. The exchange determines the amount of BNB to destroy based on its quarterly trading volume, and the latest burn hints the firm posted its most profitable quarter ever in the July-to-September period, Bloomberg reported. The platform also enjoys looser regulatory scrutiny due to its registration in Malta, yet critics are calling for Binance to clarify rumors around a reported raid on offices in China. A spokesperson for the firm told Bloomberg it has no "fixed offices in Shanghai or China," yet the rumored police search raised worries around whether the exchange is misleading investors to avoid China's crypto regulations.  BNB's surge cooled alongside other cryptos through the second half of the year, and a decline in initial exchange offerings on the platform could further hamper its performance. Binance customers used BNB to purchase coins sold by startups on the exchange, but as competitors with similar discount tokens crop up, Binance's popularity has faced new threats. "BNB's large relative outperformance came in the first part of this year, as the IEO craze reached its peak," Travis Kling, who leads hedge fund Ikigai Asset Management, told Bloomberg. "IEOs have cooled off a lot of its relative outperformance." BNB traded at $15.61 per coin at 3:10 p.m. ET. bitcoin traded at $7,456.46 per coin. Now read more markets coverage from Markets Insider and Business Insider: Billionaire hedge fund manager Bill Ackman is poised to exceed 50% returns after a 3-year drought Apple soars to all-time high after top analyst suggests 'completely wireless' iPhone could arrive by 2021 An unsealed court filing gives the first peek at Amazon's legal attack on the Pentagon's $10 billion cloud contract, and Trump is called out by name Join the conversation about this story » NOW WATCH: A big-money investor in juggernauts like Facebook and Netflix breaks down the '3rd wave' firms that are leading the next round of tech disruption
Business Insider
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