Frequent Miler's latest team challenge, Million Mile Madness, is almost done! The last two weeks Greg, Nick, and Stephen competed to earn 1 Million SAS miles by flying 15 airlines. But who completed the challenge with the most Speed, Affordability, and Style?
Now is the time to set the wheels in motion towards your Southwest Companion Pass. The end of the calendar year is the ideal time to sign up for Southwest credit cards in order to earn huge numbers of qualifying points quickly. If you earn the Companion Pass early enough in the calendar year, it will be good for almost 2 full years: the rest of the year in which it is earned and all of the next.
Update 12/9/21: Public links for the consumer card 100K offers have expired (2 days after they were expected to expire), but a couple of good offers for Southwest business cards remain.
The Southwest Companion Pass is awesome. Sure, it’s not as awesome as the companion pass-ish thingy that Aeropan now offers (details here), but it doesn’t require a million dollars of spend. The Southwest Companion Pass only requires earning 125,000 qualifying points in a calendar year, and points earned on credit cards (including welcome bonuses) qualify.
Once you earn 125,000 qualifying points, you can add a companion for free to all of your Southwest flights for the rest of that year and all of the next year. That’s true regardless of whether you book flights with cash or with points. If you fly Southwest a lot with a companion, or you want to, this is obviously an incredible deal.
Strategies
Even though Chase offers three different personal Southwest cards, they’ll only let you have one at any given time. Plus, you can’t get the welcome bonus for a personal card if you’ve earned the welcome bonus on any of the personal cards in the past 24 months. These rules do not apply to Southwest business cards. With business cards, it’s true that you can’t sign up if you currently have the exact same card or if you’ve earned the bonus on the same card in the past 24 months. But, you can sign up if you have a different business card or any personal Southwest card and it doesn’t matter when you last earned bonuses on those cards. All of that boils down to the following:
- If eligible, you can sign up for any 1 of the Southwest personal cards (but only 1).
- If eligible, you can also sign up for the Southwest Rapid Rewards Performance Business Credit Card.
- If eligible, you can also sign up for Chase Southwest Airlines Rapid Rewards Premier Business Card.
Keep in mind that you won’t be approved for a Southwest card if you are over 5/24. If you are approved, the Southwest business cards won’t add to your 5/24 count, but the personal cards will.
To determine your 5/24 status, see: Easy Ways to Count Your 5/24 Status. The easiest option is to track all of your cards for free with Travel Freely.
With that info, here are a couple of strategies for earning the Companion Pass:
Strategy One: 1 Card [Expired]
Update: This was a viable strategy until the 100K offers expired on 12/9/21 (2 days after they were supposed to end)
Through December 7th, each of the personal cards are currently offering a total of 100K points after $12K spend:
| Card Offer |
|---|
40K points + $400 ⓘ Affiliate 40K points + a $400 statement credit after $3K spend in the first 4 months. (Offer Expires 12/9/2024)$69 Annual Fee Alternate Offer: Current public offer is 50K points after $1K spend in 3 months. After clicking through, be sure to manually select the exact Southwest card in which you are interested. This card is subject to Chase's 5/24 rule (click here for details). |
40K points + $400 ⓘ Friend-Referral 40K points + a $400 statement credit after $3K spend in the first 4 months. (Offer Expires 12/9/2024)$99 Annual Fee Alternate Offer: Current public offer is 50K points after $1K spend in 3 months. This card is known to be subject to Chase's 5/24 rule. Information about this card has been collected independently by Frequent Miler. The issuer did not provide the details, nor is it responsible for their accuracy. |
40K points + $400 ⓘ Affiliate 40K points + a $400 statement credit after $3K spend in the first 4 months. (Offer Expires 12/9/2024)$149 Annual Fee Alternate Offer: Current public offer is 50K points after $1K spend in 3 months. This card is known to be subject to Chase's 5/24 rule. |
If you sign up now, your first statement closing date will be in January 2022. As a result, all points earned on the card will credit in 2022 and will count towards the Companion Pass in 2022. If you quickly spend $25K on your new card, you’ll earn a total of 125,000 points and a Companion Pass that is valid for the rest of 2022 and all of 2023.
How can you spend $25K so quickly? One option is to pay (or overpay) estimated taxes. Another option is to pay bills with Plastiq. Both options incur fees (~2% and 2.85%, respectively), but that can be well worth it to get the Companion Pass.
Note too that it might not be necessary to spend so much. In 2021, Southwest gave all members 25,000 qualifying points towards the Companion Pass. If they do the same in 2022 then you’ll only need to spend $12,000 on your new card in order to earn the full welcome bonus and the Companion Pass.
Strategy Two: 2 Cards
The current Southwest business card offers aren’t as good as the personal card offers, but if you get both (or one personal and one business), you’ll have more than enough points for the Companion Pass. Here are the current business card offers:
| Card Offer |
|---|
60K points ⓘ Affiliate 60K points after $3K spend within first 3 months your account is open$99 Annual Fee This card is subject to Chase's 5/24 rule (click here for details). |
80K points ⓘ Affiliate 80K points after $5K spend within first 3 months your account is open$199 Annual Fee This card is subject to Chase's 5/24 rule (click here for details). |
With the offers available at the time of this writing, you would only need to complete $8K spend across the two business cards in order to earn the welcome bonuses. And with that spend, you would end up with nearly 150,000 Southwest points. Boom.
A downside to signing up for two cards is that it will be a bit over two years before you can sign up for either card again. If your goal is to earn a Companion Pass every few years, this would limit your options. On the other hand, if you have a regular companion who can alternate with you in earning the Companion Pass, you can stretch out your sign-ups to approximately once every four years.
Conclusion
This is a great time to sign up for one or more Southwest cards if you’re interested in earning a Companion Pass. By earning the pass early in 2022, it will be valid for nearly two full years!
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I signed up for the 100k SW Personal Plus offer on 12/7, spent the first $2k, and the first 50k points just posted due to Chase deciding that 12/25 would be my statement posting date. I would update this post’s assumption that the first statement posting date will be 30 days after application.
Just got my SW Priority card with the 100K point offer. Can I use it before the end of the year to purchase a SW gift card to trigger the $75 SW credit for 2021? then get the $75 credit again in 2022 for a SW purchase? The language is somewhat vague about calendar year and anniversary year. Thanks!
Southwest is introducing another fare category. What a coincidence they waited until after the credit card offer! (Probably still very valuable nonetheless)
Would like to get this card (slot 4), but this would put me dangerously close to being locked out of chase business cards for 2 years, leaving absolutely no room for any other card. I plan on applying shortly for venture X and citi premier (slots 2&3) and recently got CSP with 100k offer (slot 1).
[…] deal yet. And you can get it done with, what else, Southwest credit cards as laid out in this post: It’s Time: Get Your Southwest Companion Pass. It will be appreciated it if you get the cards with my links AFTER you decide they are right for […]
I’m told I get a decision in 2 weeks. If the decision is negative and I call the reconsideration line, will I get the sign-up bonus pegged to when I applied (before the Dec 7 cutoff?)
Call them anyway… before the 2 weeks. I have always done that and it was never an issue.
Yes, your bonus will always be based on the offer at the time you applied.
DP: P2 applied last week, 1 Chase card under 5/24, mid 700s… Instant approval
Weird, they are reviewing my application. Hope that means approval. My score is 819 and I’m at 2/24
Did they approve?
No word yet.
Call them.
The 100K personal offers seem to not be working through referral links any longer. Is anyone else seeing the same thing?
Yeah, whoops. So SW gave me a head start on CP for this year. Good news is I just needed one card with $5k spend, 80k points bonus to get CP another year. Bad news is I am only getting an extra month basically instead of close to 2 years. But super painless. Will try for getting closer to 2 years next time with an app late next year.
I should know this… but I’m still smarting from my $38k Jetblue charge put thru 11pm Dec 31st that Barclays counted toward ’20, not ’21.
Approved for SWA card yesterday, $18k credit line, have $17k bill due next week. Is everyone absolutely certain that my closing date of Jan 3rd means Chase will count the spend as done in ’22 if I charge $17k in mid-December?
I believe they will. That appears to be the common consensus. Barclays may count it when “spent” rather than “posted”?
Just applied. Do not have a 5/24 issue, nor a card benefit within the last 24 months. 805 credit score. Said it needs more time to review? Should I call? Is this normal?
Not uncommon for Chase to have to shift your credit lines around. Call reconsideration line – 1-888-270-2127. Most of us have to call, for that very reason.
I got the same thing. We’ll over 800 score and 0/24. I will eventually get approved. They did the same thing with my business app.
Same here. Strange
Yet again, I’m putting off consideration of the companion pass for another year. I don’t anticipate much, if any, pair flying in 2022 and I just made Platinum Pro on American and will probably concentrate my domestic flying with them.
The CP sounds great for some hopefully-not-too-distant future in which my wife and I are both at least semi-retired and travelling together frequently.
What personal card do you recommend as the best “bang for buck” for a frequent SWA traveler?
There has been some recent discussion that the southwest cards may no longer be subject to 5/24. Any thoughts here Greg, what data points have you been seeing?