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Update: This offer is no longer available. View the current offer for the Chase Southwest Rapid Rewards credit card here.
In October, Chase was offering an increased sign-up bonus of 50,000 Rapid Rewards points when you spend $2,000 within 3 months on all four if its Southwest Visas. That offer was supposed to be just for a limited time and to end on October 30, but it is still alive and Chase has removed the “limited time” language on the application page, so it looks like this offer has been extended for a while. While I don’t have an exact end date, I would suspect it will be around for a few more weeks, subject to change, and if I hear of anything I will report it here immediately.
The 50,000-point offer is available on both the Southwest Rapid Rewards Premier Visa and the Southwest Rapid Rewards Plus Visa and on the personal and business versions of each, so if you have a small business and are looking for a credit card, one of the business versions might be a good option for you. When you click to this landing page, you’ll see the offer for the Premier, but you can click on the Premium business card or the Plus card at the bottom and you’ll be redirected to the application page for that card (the business Plus card is at the bottom of the second landing page). The spending requirement on each of the four cards is $2,000 in 3 months in order to earn the full sign-up bonus of 50,000 points.
The difference between the two cards is that there is a $99 fee on the Premier card and $69 fee on the Plus card. The Premier comes with 6,000 points every anniversary (~$108 in Wanna Get Away fares) and the Plus gets 3,000 ($54 in Wanna Get Away fares).
The reason this could be so interesting for a lot of folks is that the sign-up bonus points count towards Southwest’s Companion Pass qualification, which is one of the best frequent flyer program benefits out there. Because this offer is still live, it means you have even more time to hit that minimum spending requirement and earn the bonus at the beginning of 2014 so that your points would count toward earning a Southwest Companion Pass that would be good for both 2014-2015.
Even if you have the Southwest Companion Pass already and are looking for ways to requalify for next year, one of these bonuses could be the final surge you need to get you across the qualification line, so that’s worth thinking about as well.
Besides the pass, each of these bonuses is worth almost $900 in Wanna Get Away fares (60 points = $1 until the devaluation March 31, 2014 after which you’ll need 70 points per $1) so it is one of the most solid credit card offers on the market if you fly Southwest.
Check out these posts for more information on maximizing the offer:
Maximize Monday: Southwest Companion Pass FAQ And Strategies
Top 11 Ways To Top Up Your Account For The Southwest Companion Pass
Can I Get Two Southwest Cards In One Day To Qualify For A Companion Pass?
How to Earn the Southwest Companion Pass
Southwest Points vs. Southwest Credits: When Transferring Makes Sense and How to Check Availability
Maximizing the Southwest Companion Pass with AirTran Flights