Earn Up to 50k Southwest Rapid Rewards Points with Expanded Referral Program
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Update: Some offers mentioned below are no longer available. View the current offers here – Southwest Rapid Rewards Performance Business Credit Card
One of the easiest ways to earn extra travel rewards throughout the year is through referral bonuses. Many issuers offer bonuses for cardholders when a friend or family member signs up for the card through your referral link and is approved.
For Southwest cobranded cardholders, earning a referral bonus just got a little easier. Similar to Amex’s new and improved program, Southwest recently expanded its referral program so that cardholders can refer someone for any Southwest personal card or the Southwest Rapid Rewards Premier Business Card, even if you don’t hold that specific card.
Each friend successfully referred will earn you 10,000 bonus points, and you can earn up to 50,000 bonus points each year through referrals. According to TPG’s valuations, an additional 50,000 points are worth $750.
You can refer a friend by logging in through Chase’s refer-a-friend page for Southwest. However, be aware that some Southwest referral offers have lower sign-up bonuses than the best publicly available offer, so check to make sure you’re directing your friend to the best offer available. It’s also important to note that rewards earned through referral bonuses are considered “miscellaneous income,” so you’ll likely receive a 1099 from Chase next tax season.
Using Referral Bonuses to Earn a Companion Pass Faster
While the idea of earning an extra $750 worth of Southwest points might be enough to convince you to refer your friends and family for a new Southwest card, there’s another benefit to participating in the referral program.
The bonus points you earn through referrals also count toward earning a Southwest Companion Pass, one of the most sought-after benefits available to flyers. Currently, Southwest Rapid Rewards members can earn the Companion Pass benefit by flying 100 qualifying one-way flights or earning 125,000 qualifying points in a calendar year. By successfully referring the maximum of five people this year, you’ve already taken care of almost half of the required points.
If you’re planning on applying for either the Southwest Rapid Rewards Premier Business Credit Card or the Southwest Rapid Rewards Performance Business Credit Card, you can earn the Companion Pass benefit just by hitting the minimum spending requirements for the sign-up bonus and earning the max referral bonus.
The Premier Business offers a 60,000-point bonus after you spend $3,000 in the first three months, and the Southwest Rapid Rewards Performance Business Credit Card offers an 70,000-point bonus after you spend $5,000 in the first three months. Add 65,000 points to either of those sign-up bonuses, and you’ll meet the 125,000-point requirement for the Companion Pass.
Referring friends and family members for new cards is a win-win strategy. They’ll get a new card with the potential to earn a great sign-up bonus, and you’ll get a nice referral bonus if they’re approved. Now that Southwest is allowing cardholders to refer people for cards they don’t currently have, it’s even easier to make the most out of the referral program offered by Southwest and Chase.
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