Chase Southwest Visa 50,000 Point Offers = Companion Pass Quicker Than You Think
Update: Some offers mentioned below are no longer available. View the current offers here.
Chase and Southwest frequently change the sign-up bonuses on the Southwest Airlines Rapid Rewards Credit Cards between 25,000 and 50,000 points, but they recently bumped both the personal and business cards Premier offers back up to 50,000 points (marketed as 2 Roundtrip Flights after the required spend) after you spend $2,000 in the first 3 months of opening your account. The annual fee is $99, but you get 6,000 anniversary points every year, which are worth about $100, thus negating the annual fee after the first year. The personal Premier card is a Visa Signature card and there are no foreign transaction fees.
Valuation Southwest Rapid Rewards cannot be transferred to other frequent flyer or hotel programs and the only partner airline you can redeem on is Airtran, which was acquired by Southwest in 2010. Rapid Rewards is a fixed-value frequent flyer program, which means you can use the points to redeem for any flights (you don't have to worry about availability or blackout dates), but based on the type of fare (Wanna Get Away, Anytime, Business Select) your points are worth different amounts. You get the most bang for your point when you redeem for Wanna Get Away fares - the 50,000 point sign-up bonus is worth approximately $900 in Wanna Getaway Fares (I recently redeemed Southwest points and got 1.8 cents per point when redeeming for Wanna Get Away fares).
It's All About The Companion Pass The kicker is that Chase credit card sign-up bonuses count towards Companion Pass Qualification, which you need 110,000 qualifying miles in a calendar year to get the much coveted Companion Pass status. A single 50,000 point credit card sign-up will get you almost halfway there. I've written about the Companion Pass in the past and I truly do think it is one of the most lucrative frequent flyer perks out there, because it allows you to take a companion with you for free (just pay minimal taxes). The fee companion is good whether you pay for a ticket or use points, which is a great benefit because you can rack up over $1,800 in Southwest Wanna Gey Away fares by getting the personal and business versions of this card (read below). Another great aspect is that the pass is good for the year in which you qualify for it and the entire next year. So if you get the pass in March of 2013 it will be good until December of 2014! If you fly Southwest a lot - or even a moderate amount, the Companion Pass can save you thousands of dollars. Double Dipping? Chase generally won't let you get the sign-up bonus for the same exact card twice, but the good thing is that there are a total of four Southwest credit cards: The Premier personal and Premier Business which have $99 annual fees, but 6,000 anniversary points which are worth $100 in Wanna Get Away fares. The Plus Personal and Plus Business cards have $69 annual fees, but only 3,000 anniversary points which are worth $50 in Wanna Get Away fares. You can access the Premier Business and Plus Personal card 50,000 point offers by clicking here and scrolling to the bottom of the page. The Plus Business link can be found here.
I'm personally not a Southwest flyer because they don't fly the non-stop transcontinental and international flights that I need, but I know many people who are and love their simple way of doing business. If you ever need to change a ticket there are no fees- you simply move the value of your ticket towards a new ticket. You get two free checked bags and their elite status gives priority boarding and even free WiFi for top-tier elites.
TPG featured card
at Bilt's secure site
Terms & restrictions apply. See rates & fees.
| 1X | Choose to earn up to 1X points on rent and mortgage payments with no transaction fee |
| 2X | Earn 2X points + the option to earn 4% back in Bilt Cash on everyday purchases |
Pros
- Choice to earn up to 1 Bilt Point per dollar spent on rent and mortgage payments
- Elevated everyday earnings with both Bilt Points and the option to earn Bilt Cash
- $400 Bilt Travel Portal hotel credit per year (up to $200 biannually)
- $200 Bilt Cash annually
- Priority Pass membership
- No foreign transaction fees
Cons
- Moderate annual fee
- Designed primarily for members seeking a premium, all-in-one card
- Earn points on housing with no transaction fee
- Choose to earn 4% back in Bilt Cash on everyday spend. Use Bilt Cash to unlock point earnings on rent and mortgage payments with no transaction fee, up to 1X.
- 2X points on everyday spend
- $400 Bilt Travel Hotel credit. Applied twice a year, as $200 statement credits, for qualifying Bilt Travel Portal hotel bookings.
- $200 Bilt Cash (awarded annually). At the end of each calendar year, any Bilt Cash balance over $100 will expire.
- Welcome bonus (subject to approval): 50,000 Bilt Points + Gold Status after spending $4,000 on everyday purchases in the first 90 days + $300 of Bilt Cash.
- Priority Pass ($469/year value). See Guide to Benefits.
- Bilt Point redemptions include airlines, hotels, future rent and mortgage payments, Lyft rides, statement credits, student loan balances, a down payment on a home, and more.