[Disclosure: This is not an affiliate link and the offer cannot be seen directly from Chase’s website, but this the best current deal for the Southwest card.]

Update: The offer is now available directly from Chase’s website here or if you want to support Well Traveled Mile you can apply through our ‘Credit Cards’ page tab. As always, thanks for the support if you do!

The Southwest Visa 50,000 Rapid Rewards points offer comes available every few months and it’s back! The 50,000 offer is currently only for the Premier cards (both personal and business) and they have a $99 annual fee that is NOT waived. The offer states that you will earn 50,000 bonus points after spending $2,000 in the first 3 months of account approval. To get the business version of the card click the small card image at the bottom of the page.

Link: https://creditcards.chase.com/a1/southwest/radio

Link: https://creditcards.chase.com/a1/southwest/travel

The 50,000 Southwest credit card offer is one of my favorite deals because it is the fastest and easiest way to get Southwest’s Companion Pass. The Companion Pass lets you assign a travel partner that flies for free whenever you book a trip both using points and purchasing a Southwest flight!

If you were thinking about applying for this offer or wanted to get the Companion Pass for next year by applying for two cards, now is the ideal time. If you apply now and hit the minimum spend in January, the 100,000 from the two bonuses will be deposited into your account in early 2014.

This is essential for maximizing the Companion Pass for two full years. When you earn the Companion Pass it is good for the remaining year plus the entire next calendar year!

What is the value of 50,000 Rapid Rewards points?

The card offer is marketed as a bonus worth 2 round trip flights on Southwest or Airtran flights. A better way to look at it, you will get around $845 worth of free flights when you redeem them for Wanna Get Away fares. At that level 60 points = $1but you can stretch the value of the points to close to 2.0 on some Wanna Get Away redemptions. For the last year, I have been redeeming points for flights from Portland, OR to Los Angeles for around 8,000-10,000 points at the Wanna Get Away fares so if you are interested in shorter domestic flights this offer could be worth up to six round trip flights. Keep in the back of your mind that on March 31, 2014 Southwest is devaluing the points to equal 70 points = $1, so you might want to try to use some points before then.

How can you earn the Companion Pass?

The 50,000 points bonus from the credit cards have been counting towards the 110,000 points needed to earn the Companion Pass. The easiest way to earn the pass is to sign-up for two of the credit cards to earn 100k points (104k with the minimum spend requirement). You will just be 6,000 points shy of the total needed to earn the pass. Chase will allow you to earn the sign-up bonus once for all 4 version of the card and it is also possible to be approved for two cards in one day.

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What points qualify for the Companion Pass:

“Companion Pass Qualifying Points are earned from revenue flights, points issued on Southwest Airlines Rapids Rewards Credit Cards, and points earned from Rapid Rewards Partners.”

Points that will not qualify:

“Purchased points and points earned from program enrollment, tier bonuses, flight bonuses, and Partner bonuses do not count toward Companion Pass status.”

What is a Companion Pass worth?

The pass could be worth $1,000+ depending on how frequently you use it. It will allow any designated companion to fly for FREE (just pay $10 in fees) on any Southwest flights you are on. This is good for any flights you book with points or purchase and it is unlimited. If you just use your pass to redeem the 110,000 points you will double the value of your points and get at least $845 from the pass.

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The Companion Pass is super valuable for short-haul domestic flights and can be worth up to 21 free round trip flights. For example there are tons of one-way fares from PDX to LAX for 5220 points available during Spring 2014. A round trip flight would only cost 10,440 and if you fly with your Companion Pass you double the value of the points. With this Portland to Los Angeles example you could get 21 free round trip flights. That is worth $2,142!

How long is the Companion Pass valid for?

Once you hit the minimum spend requirement for each card you are approved for within three months and also reach the 110k points required for the Companion Pass, you have the rest of that calendar year plus the entire following year to use it. That’s why now is a great time to apply for the card because if you meet the requirements by January, you will have two whole years to take advantage of the Companion Pass.

Which Southwest credit cards are offering 50,000?

Currently, only the Premier versions (both personal and business) of the card have the 50,000 sign-up bonus. In the past, the offer has been released for only the Plus cards or the Premium cards, or a mix of the two.

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3 Comments

  • So it turns out, even with a legitimate 1 year old e-commerce startup, I was denied for the business card. Called the reconsideration line twice… 1st time denied as my personal credit history was not enough, 2nd time because my business wasn’t around for long enough..

    I would assume other people are in the same boat, being accepted for the personal credit card, but denied for the business card. Are there any suggestions you have at this point? Give up on the CP and be happy with the 50,000 miles? Are there other methods / another card with a sign up bonus that can be applied for to transfer towards the points for the CP?

    I was thinking two options:

    1. Apply for another business credit card through a different business. I am an “advisor” to another startup my buddy is running.. Can I apply through that startup with my name?

    2. Try again in a few months once the 50,000 mile promotion is up again?

    Thanks!

    • If you want to go for the companion pass you can always try to apply for the 50k offer in the future and earn the 110k points needed within one year. Since transferred points to SW don’t count towards the CP you can’t use another sign-up bonus towards it. So your best bet is trying for the biz card or another version of the personal card later next year.

      I have been approved for the biz card with a startup and very little revenue, so I doubt it is the age of the business. I have also heard you can get approved with $0 revenue on the application. Assuming your your personal credit history is longer now, you might have a better chance in the future. I haven’t heard any other reports of Chase making it harder to get approved for a biz card as of late.