All three of the Southwest personal co-brand credit cards from Chase are now offering an increased sign-up bonus of 40,000 Rapid Rewards points and a $400 statement credit. You’ll need to spend $3,000 in the first 4 months of account opening to earn the bonus. This limited-time offer is available until December 16, making it a great opportunity to earn valuable rewards before the year ends.
If you decide that you want to sign up for any of the Southwest credit cards, we’d appreciate it if you use our link. We receive Southwest points for each referral, which helps us keep Your Mileage May Vary HQ strong.
What’s the Sign-Up Bonus Worth?
Southwest points are valued at approximately 1.3 cents each. This means the 40,000 points are worth around $520. Add in the $400 statement credit, and this bonus is worth roughly $920.
Which Card Should You Sign Up For?
Here are the cards offering the increased 40,000-point sign-up bonuses:
- Southwest Plus Credit Card ($69 Annual Fee)
- Southwest Premier Credit Card ($99 Annual Fee)
- Southwest Priority Credit Card ($149 Annual Fee)
Note: The links lead to our reviews of the cards.
If you’re planning to keep the card for the long haul, the Priority Card offers the most perks, including 7,500 points after your account anniversary (worth $97), a $75 annual Southwest travel credit, four upgraded boardings (when available), and 20% back on in-flight Wi-Fi and drinks. For just $149 a year, the value more than exceeds the annual fee.
If you’re only interested in the bonus and don’t care about the additional perks, the Southwest Plus Card with the lowest annual fee might be your best bet.
Do Southwest Points Expire?
Southwest Rapid Rewards points no longer expire, making them even more valuable for travelers who prefer flexibility.
Restrictions to Keep in Mind
- Chase’s 5/24 Rule: If you’ve opened 5 or more new credit cards across any issuer in the past 24 months, you won’t be eligible for this bonus.
- Cardmember Bonus Eligibility: This offer is only available if you do not currently have a Southwest Rapid Rewards Credit Card and haven’t received a new cardmember bonus in the last 24 months (this doesn’t apply to Business or Employee Cards).
Will This Count Towards The Companion Pass?
The Companion Pass is a great perk for frequent flyers, but it’s not necessary for everyone. Points earned with this sign-up bonus will count for the year earned, meaning this won’t help you get the pass for this year. However, if you wait to complete the spending requirement until 2025, the signup bonus will count toward next year’s Companion Pass.
After earning the 40,000-point bonus, you’ll still be 85,000 points short of the 125,000 required for the Companion Pass, but you could earn the difference through other means, like the Southwest Business Credit Card. If you don’t plan to use the pass frequently, or if you don’t fly Southwest often, the bonus alone is still worth it.
Final Thoughts
This limited-time offer for the personal Southwest co-brand credit cards is available until December 16, so act soon if you’re interested. Whether you’re looking to redeem the points for travel or want to take advantage of the statement credit, these are great deals.
If you decide to sign up for any of the Southwest credit cards, we’d appreciate it if you use our link to help support the site.
- The Priority card is the best choice if you fly Southwest regularly and plan on keeping the card long-term.
- The Plus card is the way to go if you’re only interested in the sign-up bonus.
- The Premier card may not be as compelling, considering it’s just $50 less than the Priority card but without the travel credit.
Even if you’re not interested in the Companion Pass, this offer is still a solid opportunity to earn valuable Southwest points for your next trip.
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