All three Southwest co-brand credit cards from Chase are currently offering a sign-up bonus of a Companion Pass through 2/28/2025 and 30,000 Rapid Rewards points. To earn the bonus, you must spend $4,000 in the first three months of account opening. This offer is ending on 3/11/2024, so you need to act now if you want to lock in a Companion Pass for the rest of 2024.
If you decide to sign up for any of the Southwest credit cards, we’d appreciate it if you used our link. We receive Southwest points for each referral, which helps us keep Your Mileage May Vary HQ going strong.
These are the credit cards that currently offer Companion Pass sign-up bonuses. Click on the links to read our reviews of each card.
- Southwest Plus Credit Card ($69 Annual Fee)
- Southwest Premier Credit Card ($99 Annual Fee)
- Southwest Priority Credit Card ($149 Annual Fee)
If you’re interested in earning a Companion Pass, which Southwest co-branded credit card should you choose?
What’s the sign-up bonus worth?
A Southwest point is valued at roughly 1.3 cents each. The number of points required to pay for a ticket is determined by the cost of the ticket. If you book cheap flights, you can maximize the value of your points, or use them to cover the cost of more expensive flights. Based on this valuation, 30,000 points are worth $390. However, the value of the Companion Pass is harder to determine, as it depends on how frequently you use it.
Which card should you sign up for?
The main decision is which card to get since they all offer the same sign-up bonus. This decision depends on whether you plan on keeping the card for the long term or if you’re thinking of getting rid of it in a year.
If you fly Southwest on a semi-regular basis, the Priority card is the best choice. For the $149 annual fee, you’ll get 7,500 points after your account anniversary date (which is worth $97), a $75 annual Southwest travel credit, four upgraded boardings (where available), and 20% back for purchases of in-flight Wi-Fi and drinks. That’s way more valuable than the $149 fee, and this is one card I think is a no-brainer to keep in the long term.
On the other hand, if you want to get the Companion Pass and don’t want to worry about upgraded boardings or travel credit, you might be best off getting the Southwest Plus card, which has the lowest annual fee.
Do Southwest points expire?
Southwest Rapid Rewards points no longer expire.
Are there any other restrictions?
To receive this bonus, Chase puts the following restrictions on applications.
This product is available to you if you do not have a current Southwest Rapid Rewards Credit Card and have not received a new Cardmember bonus within the last 24 months. This does not apply to Business Card and Employee Credit Card products.
This card is also subject to Chase’s 5/24 rule.
Is it worth it to get a limited-time Companion Pass?
If the companion pass is worth it, it is a Your Mileage May Vary decision. In this article, I review the companion pass and how to get one. If you fly solo or are only going to have limited opportunities to use the pass, then it might not make sense to acquire one. After having one, I felt it limited our travel choices to places we could go with Southwest, so I haven’t worried about getting one since.
Final Thoughts
These sign-up offers for a Companion Pass with the personal Southwest co-brand credit cards are only available through March 11th.
Once again, if you decide to sign up for any of the Southwest credit cards, we’d appreciate it if you use our link.
I’d consider the Priority card if you fly Southwest at least once a year and plan on keeping it. If you’re only going to get the card for the Companion Pass and don’t plan on flying with Southwest after the first year, the Plus card would be your best choice. As for the Premier card, I can’t see who this card is for since it’s only $50 less than the Priority card, which has a $75 yearly travel credit.
Want to comment on this post? Great! Read this first to help ensure it gets approved.
Want to sponsor a post, write something for Your Mileage May Vary, or put ads on our site? Click here for more info.
Like this post? Please share it! We have plenty more just like it and would love it if you decided to hang around and sign up to get emailed notifications of when we post.
Whether you’ve read our articles before or this is the first time you’re stopping by, we’re really glad you’re here and hope you come back to visit again!
This post first appeared on Your Mileage May Vary
