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No Holy Grail: Chase’s Southwest Companion Pass Offer Proves It (Again!)

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Few topics receive as much attention as the Southwest Companion Pass. You could spend a lifetime reading all the posts about it on the internet. a screenshot of a website

I used to read posts claiming that the Companion Pass offered the ultimate travel savings. With this pass, you can fly on Southwest for half the price, allowing you to take twice as many trips without spending more money. Alternatively, if you have Southwest Rapid Rewards points, you can pay for one ticket with points and receive the other for free.

My Experience with the Companion Pass

When I first started collecting loyalty points, I made it my priority to earn a Southwest Companion Pass. And I did. But it wasn’t what I was led to believe. While it did save me some points, I found out that I didn’t save much because we didn’t often fly with Southwest, even though I tried to use them for every trip.

My experience with the Southwest Companion Pass was one of the things that convinced me to start writing Your Mileage May Vary. Although the Pass can potentially save you a lot of money, it’s also possible that you may not save that much. It all depends on how frequently you fly with Southwest. For a moderate traveler, you may be looking at two or three trips per year, assuming that Southwest flies to your destination on a convenient schedule.

Chase’s Game-Changing Companion Pass Offer

In 2019, Chase did something that was thought to be impossible. They made the Companion Pass a reward for signing up for a Southwest co-brand credit card.

This tells me that Chase and Southwest knew:

  1. The Companion Pass is a coveted item, and people will jump at the chance to get one.
  2. Most people overestimate how much value they’ll get from the pass.
  3. Chase and Southwest will come out ahead by giving a companion pass instead of extra points.

Current Offer For A Companion Pass

Since then, Chase and Southwest have run several offers offering the Companion Pass as a sign-up bonus for their line of personal co-brand credit cards. In fact, they just launched an offer for 2025:

If you sign up for one of their cards and spend $4,000 on purchases in the first three months, you’ll earn 30,000 Rapid Rewards points and a Companion Pass that’s good until 2026.

Let’s acknowledge that frequent Companion Pass users have already secured their passes for 2025 and 2026. To be eligible for the Companion Pass sign-up bonus, you must not currently have a Southwest Rapid Rewards credit card and cannot have received a Southwest bonus in the last 24 months. Additionally, you must be under the Chase “5/24” rule.

This offer targets those aware of the Companion Pass but haven’t pursued it before due to its complexity. They may not even be aware of what the Companion Pass is. Such people are likely to use it only a few times in 2025, at best. However, for both Chase and Southwest, this promotion generates a lot of publicity for their credit cards. They may break even or even save some money if these new customers don’t use the pass as frequently as they had anticipated by the end of the year.

The Companion Pass offer is good for all three Southwest Rapid Rewards personal cards. If you want to sign up for one of the Southwest personal cards, we’d appreciate it if you use our referral link (for which we receive a bonus of Southwest points).

Should You Take Advantage Of This Offer?

Why do people want the Companion Pass so much that they’re willing to waste a credit card approval to get one? I guess it’s because it has a certain mystique. After all, it’s not easy to get, and you can’t put a price on its value. You hear stories about people saving THOUSANDS of dollars a year with the Companion Pass. While I don’t doubt these stories, many others put in the effort to get a Companion Pass but only used it a few times, saving maybe $400.

I’ve never claimed that the Southwest Companion Pass is the holy grail of the travel universe. Its value depends on your personal travel habits and preferences. Even after getting the pass, you must consider whether flying with Southwest for all your trips is feasible. Will you pay more money for a flight on Southwest just because you’ll get a free companion ticket? How about taking a flight with inconvenient timings or a layover? Are you okay with flying on a less comfortable plane? These are choices you’ll have to make when using your pass, so be prepared.

After considering everything, I’m seriously contemplating accepting this offer. I know four or five trips we have planned this year that could be taken with Southwest. Having a Companion Pass would save us a significant amount of miles. Although I could explore other airlines for these trips, the ability to pay for just one ticket instead of two is a strong motivator.

Final Thoughts: Is the Companion Pass Worth It?

I hope this posting gives you some reason to pause whenever you encounter an article proclaiming any “must-have” item. There is no such thing. Examine what is being discussed and see if it aligns with how you enjoy traveling. If it makes sense, go for it. If not, let it go without any regrets.

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