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I’ve only flown on Southwest flights a few times, primarily because I don’t live in a Southwest hub. However, friends who do live in Southwest hubs love the airline. One reason is the ability to make flight changes or cancellations with few or no penalties. Another is the Companion Pass, discussed below.
Chase has just increased the sign-up bonuses on its Southwest Credit Cards from 25,000 to 50,000 Rapid Rewards miles. I’m told that 50,000 Rapid Rewards miles is valued at over $800 and enough for two or more round trip fares. The annual fee for Chase Southwest Credit Cards is either $69 or $99 per card (depending on which card you pick; the $99 is more valuable because of the 6,000 rather than 3,000 miles awarded yearly; the fee on the cards is not waived the first year). The cards have a spend requirement of $1,000, which is modest by recent standards.
The Southwest Credit Cards are offered in both personal and business versions – and you can apply for both a personal card and a business card – thereby amassing 100,000 Rapid Rewards miles, plus the minimum spent.
One phenomenal feature of Southwest’s program is its Companion Pass. If you think this is a typical companion pass for one time use – you are mistaken! Rather, after you accumulate 110,000 Rapid Rewards miles, you earn a Companion Pass. Under the Companion Pass, you designate a person who travels with you for FREE. The Companion Pass is valid for the remainder of the year in which it is earned and the entire year after. This is an amazing benefit for domestic travel – particularly couples or friends who travel together. (hint, hint to the crazy married or partner couples who run races all over the country and/or accompany one another to such races!)
Given the terms of the current promotion, if you are approved for both a personal Southwest card and a business Southwest card, it would be easy to obtain a Companion Pass. Talk about two for the price of one!!
As much as I would love to apply for these cards and join the Southwest bandwagon, I will probably have to wait, as I presently have a large gaggle of Chase cards. If you fly Southwest and do not have a Chase Southwest card, I encourage you to apply for this.
Here are the links for these cards (note: I do not earn a referral fee for any of the Chase cards):
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Editorial Note: The opinions expressed here are mine and not provided, reviewed, by any bank, card issuer, or other company unless otherwise stated.