Targeted: Earn a Companion Pass with a new sign-up bonus offer on the Southwest Plus credit card

Oct 6, 2020

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Editor’s note: This post has been updated with the most current offers. 

Even though many people have put travel on hold for the time being, that doesn’t mean the desire to rack up points and miles for future redemptions has stopped. In fact, many have used this time spent at home to save up rewards for an amazing trip down the line.

For those who are interested in storing up points with Southwest, a new targeted sign-up bonus offer — confirmed by readers in our TPG Lounge Facebook group — on the Southwest Rapid Rewards® Plus Credit Card could not only help you hit your goals, but also allow you to bring someone along on your future travels.

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The Southwest Rapid Rewards Plus Credit Card has the following targeted sign-up bonus offer:

  • Earn a Companion Pass and 30,000 points after spending $4,000 in the first three months of account opening.

TPG values Southwest points at 1.5 cents each, which makes the bonus worth only $450. However, when you pair it with the coveted Southwest Airlines Companion Pass, that’s a compelling offer — especially for just $4,000 in required spending within the first three months.

The information for the Southwest Rapid Rewards Plus companion pass offer has been collected independently by The Points Guy. The offer details on this page have not been reviewed or provided by the card issuer.

Southwest Rapid Rewards Plus Credit Card

Best for: Beginners and infrequent travelers

Annual fee: $69

Primary perk(s): 3,000 anniversary points each year

Check out the full card review.

Related: How to use the Southwest Companion Pass

Southwest continues to be a great airline to show loyalty for domestic itineraries. The airline continues to lead the pack in terms of booking flexibility with no change or cancellation fees on any ticket (a policy Southwest is known for outside of just the pandemic). If you’ve been considering applying for a Southwest credit card, now it a great time to finally jump on board.

Most cobranded airline credit cards have a tough time holding their own against cards that earn transferable points, but Southwest’s diverse portfolio of personal and business cards is a notable exception. That’s because points earned with Southwest cobranded cards count toward earning a coveted Southwest Companion Pass, which offers a year or more of flying for your designated travel companion.

This is one of the most sought-after travel perks in the industry. It normally requires either flying 100 one-way flights or earning 125,000 qualifying points in one calendar year. This targeted offer on the Southwest Plus credit card allows you to leapfrog that, giving you instant access to this valued pass. If you do what’s required to earn this targeted offer, the Companion Pass will be valid through Dec. 31, 2021.

Related: Battle of the Airlines: Why I think Southwest Airlines is the best

Bottom line

The number of Southwest Rapid Rewards points required to book a flight is directly tied to the current fare of the flight, and you often get good deals if you know when and where to look for redemptions. And because of Southwest’s policy against any cancellation or change fees on its flights, you can actually reprice a Southwest flight if you book a trip and then find the same itinerary at a lower price before departure.

While Southwest operates primarily domestic routes in the continental U.S., those looking for a tropical getaway can use points to book flights to a number of Caribbean and Hawaiian destinations as well (barring any travel restrictions and quarantine requirements).

Additional reporting by Katie Genter.

Featured photo by Wyatt Smith/The Points Guy.

Chase Sapphire Preferred® Card

WELCOME OFFER: 60,000 Points


CARD HIGHLIGHTS: 2X points on all travel and dining, points transferrable to over a dozen travel partners

*Bonus value is an estimated value calculated by TPG and not the card issuer. View our latest valuations here.

Apply Now
More Things to Know
  • Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 toward travel when you redeem through Chase Ultimate Rewards®
  • 2X points on travel and dining at restaurants worldwide, eligible delivery services, takeout and dining out & 1 point per dollar spent on all other purchases.
  • Get 25% more value when you redeem for travel through Chase Ultimate Rewards®. For example, 60,000 points are worth $750 toward travel.
  • Get unlimited deliveries with a $0 delivery fee and reduced service fees on orders over $12 for a minimum of one year on qualifying food purchases with DashPass, DoorDash's subscription service. Activate by 12/31/21.
  • Earn 2x total points on up to $1,000 in grocery store purchases per month from November 1, 2020 to April 30, 2021. Includes eligible pick-up and delivery services.
Regular APR
15.99%-22.99% Variable
Annual Fee
Balance Transfer Fee
Either $5 or 5% of the amount of each transfer, whichever is greater.
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