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The Southwest personal credit cards are offering a rare welcome bonus that includes a Companion Pass, but it’s your last chance to apply<!-- wp:html --><p class="headline-regular financial-disclaimer">Our experts answer readers' credit card questions and write unbiased product reviews (<a href="https://www.businessinsider.com/personal-finance/personal-finance-editorial-standards#rating-credit-cards" class="not-content-link" target="_blank" rel="noopener">here's how we assess credit cards</a>). In some cases, we receive a commission from <a href="https://www.businessinsider.com/personal-finance/our-partners" class="not-content-link" target="_blank" rel="noopener">our partners</a>; however, our opinions are our own. Terms apply to offers listed on this page.</p> <p>Southwest flies to lots of fun destinations, such as Hawaii, the Caribbean, Mexico, and Central America.</p> <p class="copyright">Jonathan Weiss/Shutterstock</p> <p>The Southwest Companion Pass allows you to bring along a friend or family member for just the cost of taxes and fees whenever you fly Southwest.<br /> Through March 13, 2023, all three personal Southwest credit cards offer Southwest Rapid Rewards® Plus Credit Card - Intro Bonus.<br /> This is a great deal, but the promotional Companion Pass isn't quite as valuable as a standard Companion Pass.<br /> Read Insider's guide to the <a href="https://www.businessinsider.com/personal-finance/best-southwest-credit-card">best Southwest credit cards</a>.</p> <p>The <a href="https://www.businessinsider.com/personal-finance/how-to-earn-the-southwest-companion-pass">Southwest Companion Pass</a> is one of the single best deals in the world of travel. It allows you to bring a travel buddy with you whenever you fly on Southwest <em>for just the cost of taxes and fees</em> as long as the pass is valid.</p> <p>For example, even if you were to fly 100 times on Southwest, your travel companion could accompany you every single time. Depending on how often you fly, the Companion Pass could save you many thousands of dollars.</p> <p>To earn the Companion Pass, you'd normally have to achieve 135,000 qualifying Southwest points in a calendar year. But through March 13, 2023, three of Southwest's <a href="https://www.businessinsider.com/personal-finance/best-credit-cards">best credit cards</a> (the <a href="https://www.businessinsider.com/personal-finance/southwest-rapid-rewards-plus-credit-card-review">Southwest Rapid Rewards® Plus Credit Card - Product Name Only</a>, <a href="https://www.businessinsider.com/personal-finance/chase-southwest-rapid-rewards-premier-credit-card-review">Southwest Rapid Rewards® Premier Credit Card - Product Name Only</a>, and <a href="https://www.businessinsider.com/personal-finance/southwest-rapid-rewards-priority-credit-card-review">Southwest Rapid Rewards® Priority Credit Card - Product Name Only</a>) come with a welcome bonus that includes a promotional Companion Pass. You can earn Southwest Rapid Rewards® Plus Credit Card - Intro Bonus.</p> <p>Here's what you need to know about this deal if you decide to apply before the offer ends on March 13.</p> <p class="headline-regular financial-disclaimer">We're focused here on the rewards and perks that come with each card. These cards won't be worth it if you're paying interest or late fees. When using a credit card, it's important to pay your balance in full each month, make payments on time, and only spend what you can afford to pay.</p> <h2>Earning a Southwest Companion Pass is extra easy (for a limited time)</h2> <p>Whether you're using cash or points to book your Southwest flight, you can <a href="https://www.businessinsider.com/personal-finance/how-to-use-southwest-companion-pass">use the Southwest Companion Pass</a> to bring along a friend for just the cost of taxes and fees. Taxes are just $5.60 each way for domestic flights (and can be higher for international flights), making this an incredible deal for anyone who routinely travels with a partner.</p> <p>The Southwest Companion Pass allows you to change your designated companion up to three times per calendar year. So if you routinely travel with your spouse, but you want to take your parent on a getaway, you have the capability to do it.</p> <p>Here's a quick comparison of the three <a href="https://www.businessinsider.com/personal-finance/best-southwest-credit-card">Southwest credit cards</a> that offer this promotional Companion Pass.</p> <p> </p> <p>Southwest Rapid Rewards® Plus Credit Card</p> <p>Southwest Rapid Rewards® Premier Credit Card</p> <p>Southwest Rapid Rewards® Priority Credit Card</p> <p><strong>Annual fee</strong></p> <p>$69</p> <p>$99</p> <p>$149</p> <p><strong>Rewards rate</strong></p> <p>2x points on Southwest® purchases</p> <p>2x points on local transit and commuting, including rideshare</p> <p>2x points on internet, cable, phone services, and select streaming</p> <p>1x point per dollar on everything else</p> <p>3x points on Southwest® purchases</p> <p>2x points on local transit and commuting, including rideshare</p> <p>2x points on internet, cable, phone services, and select streaming</p> <p>1x point per dollar on everything else</p> <p> </p> <p>3x points on Southwest® purchases</p> <p>2x points on local transit and commuting, including rideshare</p> <p>2x points on internet, cable, phone services, and select streaming</p> <p>1x point per dollar on everything else</p> <p><strong>Welcome bonus</strong></p> <p>80,000 points (50,000 points after you spend $2,000 on purchases in the first 3 months ,and an additional 30,000 points after you spend $10,000 on purchases in the first 9 months)</p> <p>80,000 points (50,000 points after you spend $2,000 on purchases in the first 3 months ,and an additional 30,000 points after you spend $10,000 on purchases in the first 9 months)</p> <p>80,000 points (50,000 points after you spend $2,000 on purchases in the first 3 months ,and an additional 30,000 points after you spend $10,000 on purchases in the first 9 months)</p> <p><strong>Anniversary points</strong></p> <p>3,000</p> <p>6,000</p> <p>7,500</p> <p><strong>Travel benefits</strong></p> <p>Two EarlyBird Check-Ins per year</p> <p>25% back on inflight drinks and Wi-Fi</p> <p>Boost of 10,000 Companion Pass qualifying points each calendar year</p> <p>Earn tier-qualifying points toward A-List elite status</p> <p>Two EarlyBird Check-Ins per year</p> <p>25% back on inflight drinks and Wi-Fi</p> <p>Boost of 10,000 Companion Pass qualifying points each calendar year</p> <p class="headline-regular">Earn tier-qualifying points toward A-List elite status</p> <p class="headline-regular">$75 annual Southwest travel credit</p> <p class="headline-regular">4 upgraded boardings per year when available</p> <p class="headline-regular">25% back on in-flight drinks and Wi-Fi</p> <p class="headline-regular">Boost of 10,000 Companion Pass qualifying points each calendar year</p> <p> </p> <p><strong>Foreign transaction fee</strong></p> <p>Yes</p> <p>No</p> <p>No</p> <p><strong>Review</strong></p> <p><a href="https://www.businessinsider.com/personal-finance/southwest-rapid-rewards-plus-credit-card-review">Southwest Rapid Rewards Plus credit card review</a></p> <p><a href="https://www.businessinsider.com/personal-finance/chase-southwest-rapid-rewards-premier-credit-card-review">Southwest Rapid Rewards Premier credit card review</a></p> <p><a href="https://www.businessinsider.com/personal-finance/southwest-rapid-rewards-priority-credit-card-review">Southwest Rapid Rewards Priority credit card review</a></p> <p>As you can see, all cards have different annual fees and benefits. If you want to try out the Companion Pass for the cheapest price, the Southwest Rapid Rewards® Plus Credit Card - Annual Fee-annual-fee Southwest Rapid Rewards® Plus Credit Card - Product Name Only is your best option. But if you want premium Southwest benefits, such as upgraded boardings and an annual $75 Southwest travel credit, the Southwest Rapid Rewards® Priority Credit Card - Annual Fee-annual-fee Southwest Rapid Rewards® Priority Credit Card - Product Name Only is hands-down the <a href="https://www.businessinsider.com/personal-finance/southwest-rapid-rewards-priority-credit-card-best-deal-2022-2">best Southwest deal of the bunch</a>.</p> <h2>Are these Southwest credit card bonuses a good deal?</h2> <p>There are two components of this new card bonus: 30,000 points and a promotional Companion Pass.</p> <p><a href="https://www.businessinsider.com/personal-finance/southwest-points-value">Southwest points are worth 1.4 cents each</a>, on average, based on Insider's <a href="https://www.businessinsider.com/personal-finance/what-are-points-miles-worth-value">points and miles valuations</a>. That means the 30,000 points you'll earn from this bonus are worth around $420 in Southwest flights.</p> <p>The value of the Companion Pass is determined by how often you fly Southwest. You could quite easily save thousands of dollars by taking a handful of domestic trips — or a few international trips to destinations like the Caribbean, Mexico, and Central America — on Southwest in the coming year.</p> <p>But there is one big reason you may not want to jump on this deal: This promotional Companion Pass expires on February 28, 2024. That means you'll have around one year to use the pass before it expires.</p> <p>A traditional Companion Pass is valid during the remainder of the year in which you earn it and the entire<em> following calendar year</em>. Yes, it's harder to earn, but its shelf life can be twice as long.</p> <p>You can achieve the Southwest Companion Pass after earning 135,000 Southwest points in a calendar year. An easy way to do this is as follows:</p> <p>Open a Southwest <a href="https://www.businessinsider.com/personal-finance/best-small-business-credit-card">small-business credit card</a> and earn its bonus. For example, the <a href="https://www.businessinsider.com/personal-finance/southwest-performance-business-credit-card-review">Southwest® Rapid Rewards® Performance Business Credit Card - Product Name Only</a> offers Southwest® Rapid Rewards® Performance Business Credit Card - Intro Bonus.Open a Southwest personal credit card and earn its bonus. These cards sometimes offer 60,000+ points, so you'll have to wait until the offer changes.Receive a 10,000-point boost toward the Companion Pass each year just for holding a Southwest credit card.</p> <p>After you earn two card bonuses, you should have enough points to immediately qualify for the Companion Pass. The earlier in the year you accomplish this, the longer your pass will be valid.</p> <p>You cannot have more than one Southwest personal credit card at once, which is why it's necessary to open both a personal credit card and a small-business card to achieve the Companion Pass through welcome bonuses.</p> <h2>Who is eligible for the Southwest credit cards?</h2> <p>Southwest credit cards are subject to the <a href="https://www.businessinsider.com/personal-finance/what-is-chase-524-rule">Chase 5/24 rule</a>. This means that if you've opened five or more cards (from any bank) in the past 24 months, you won't be approved for a Southwest card. Also, you aren't eligible for a Southwest personal card if you currently hold a personal Southwest card or have received a welcome bonus from one in the past 24 months.</p> <p>To be clear, this doesn't apply to Southwest's small-business cards. But they have their own rules. You won't be approved if you currently hold a particular small-business card or have received a welcome bonus for that specific card in the past 24 months.</p> <p>You must also have a business venture to <a href="https://www.businessinsider.com/personal-finance/who-can-qualify-for-small-business-credit-card">qualify for a small-business credit card</a> (though that can be something as simple as selling items on eBay, freelance writing, tutoring, etc.)</p> <p>For a closer look at everything you need to know about this valuable benefit, check out Insider's guide to <a href="https://www.businessinsider.com/personal-finance/how-to-earn-the-southwest-companion-pass">earning the Southwest Companion Pass</a>.</p> <div class="read-original">Read the original article on <a href="https://www.businessinsider.com/personal-finance/southwest-credit-card-earn-companion-pass-sign-up-bonus">Business Insider</a></div><!-- /wp:html -->

Our experts answer readers’ credit card questions and write unbiased product reviews (here’s how we assess credit cards). In some cases, we receive a commission from our partners; however, our opinions are our own. Terms apply to offers listed on this page.

Southwest flies to lots of fun destinations, such as Hawaii, the Caribbean, Mexico, and Central America.

The Southwest Companion Pass allows you to bring along a friend or family member for just the cost of taxes and fees whenever you fly Southwest.
Through March 13, 2023, all three personal Southwest credit cards offer Southwest Rapid Rewards® Plus Credit Card – Intro Bonus.
This is a great deal, but the promotional Companion Pass isn’t quite as valuable as a standard Companion Pass.
Read Insider’s guide to the best Southwest credit cards.

The Southwest Companion Pass is one of the single best deals in the world of travel. It allows you to bring a travel buddy with you whenever you fly on Southwest for just the cost of taxes and fees as long as the pass is valid.

For example, even if you were to fly 100 times on Southwest, your travel companion could accompany you every single time. Depending on how often you fly, the Companion Pass could save you many thousands of dollars.

To earn the Companion Pass, you’d normally have to achieve 135,000 qualifying Southwest points in a calendar year. But through March 13, 2023, three of Southwest’s best credit cards (the Southwest Rapid Rewards® Plus Credit Card – Product Name Only, Southwest Rapid Rewards® Premier Credit Card – Product Name Only, and Southwest Rapid Rewards® Priority Credit Card – Product Name Only) come with a welcome bonus that includes a promotional Companion Pass. You can earn Southwest Rapid Rewards® Plus Credit Card – Intro Bonus.

Here’s what you need to know about this deal if you decide to apply before the offer ends on March 13.

We’re focused here on the rewards and perks that come with each card. These cards won’t be worth it if you’re paying interest or late fees. When using a credit card, it’s important to pay your balance in full each month, make payments on time, and only spend what you can afford to pay.

Earning a Southwest Companion Pass is extra easy (for a limited time)

Whether you’re using cash or points to book your Southwest flight, you can use the Southwest Companion Pass to bring along a friend for just the cost of taxes and fees. Taxes are just $5.60 each way for domestic flights (and can be higher for international flights), making this an incredible deal for anyone who routinely travels with a partner.

The Southwest Companion Pass allows you to change your designated companion up to three times per calendar year. So if you routinely travel with your spouse, but you want to take your parent on a getaway, you have the capability to do it.

Here’s a quick comparison of the three Southwest credit cards that offer this promotional Companion Pass.

 

Southwest Rapid Rewards® Plus Credit Card

Southwest Rapid Rewards® Premier Credit Card

Southwest Rapid Rewards® Priority Credit Card

Annual fee

$69

$99

$149

Rewards rate

2x points on Southwest® purchases

2x points on local transit and commuting, including rideshare

2x points on internet, cable, phone services, and select streaming

1x point per dollar on everything else

3x points on Southwest® purchases

2x points on local transit and commuting, including rideshare

2x points on internet, cable, phone services, and select streaming

1x point per dollar on everything else

 

3x points on Southwest® purchases

2x points on local transit and commuting, including rideshare

2x points on internet, cable, phone services, and select streaming

1x point per dollar on everything else

Welcome bonus

80,000 points (50,000 points after you spend $2,000 on purchases in the first 3 months ,and an additional 30,000 points after you spend $10,000 on purchases in the first 9 months)

80,000 points (50,000 points after you spend $2,000 on purchases in the first 3 months ,and an additional 30,000 points after you spend $10,000 on purchases in the first 9 months)

80,000 points (50,000 points after you spend $2,000 on purchases in the first 3 months ,and an additional 30,000 points after you spend $10,000 on purchases in the first 9 months)

Anniversary points

3,000

6,000

7,500

Travel benefits

Two EarlyBird Check-Ins per year

25% back on inflight drinks and Wi-Fi

Boost of 10,000 Companion Pass qualifying points each calendar year

Earn tier-qualifying points toward A-List elite status

Two EarlyBird Check-Ins per year

25% back on inflight drinks and Wi-Fi

Boost of 10,000 Companion Pass qualifying points each calendar year

Earn tier-qualifying points toward A-List elite status

$75 annual Southwest travel credit

4 upgraded boardings per year when available

25% back on in-flight drinks and Wi-Fi

Boost of 10,000 Companion Pass qualifying points each calendar year

 

Foreign transaction fee

Yes

No

No

Review

Southwest Rapid Rewards Plus credit card review

Southwest Rapid Rewards Premier credit card review

Southwest Rapid Rewards Priority credit card review

As you can see, all cards have different annual fees and benefits. If you want to try out the Companion Pass for the cheapest price, the Southwest Rapid Rewards® Plus Credit Card – Annual Fee-annual-fee Southwest Rapid Rewards® Plus Credit Card – Product Name Only is your best option. But if you want premium Southwest benefits, such as upgraded boardings and an annual $75 Southwest travel credit, the Southwest Rapid Rewards® Priority Credit Card – Annual Fee-annual-fee Southwest Rapid Rewards® Priority Credit Card – Product Name Only is hands-down the best Southwest deal of the bunch.

Are these Southwest credit card bonuses a good deal?

There are two components of this new card bonus: 30,000 points and a promotional Companion Pass.

Southwest points are worth 1.4 cents each, on average, based on Insider’s points and miles valuations. That means the 30,000 points you’ll earn from this bonus are worth around $420 in Southwest flights.

The value of the Companion Pass is determined by how often you fly Southwest. You could quite easily save thousands of dollars by taking a handful of domestic trips — or a few international trips to destinations like the Caribbean, Mexico, and Central America — on Southwest in the coming year.

But there is one big reason you may not want to jump on this deal: This promotional Companion Pass expires on February 28, 2024. That means you’ll have around one year to use the pass before it expires.

A traditional Companion Pass is valid during the remainder of the year in which you earn it and the entire following calendar year. Yes, it’s harder to earn, but its shelf life can be twice as long.

You can achieve the Southwest Companion Pass after earning 135,000 Southwest points in a calendar year. An easy way to do this is as follows:

Open a Southwest small-business credit card and earn its bonus. For example, the Southwest® Rapid Rewards® Performance Business Credit Card – Product Name Only offers Southwest® Rapid Rewards® Performance Business Credit Card – Intro Bonus.Open a Southwest personal credit card and earn its bonus. These cards sometimes offer 60,000+ points, so you’ll have to wait until the offer changes.Receive a 10,000-point boost toward the Companion Pass each year just for holding a Southwest credit card.

After you earn two card bonuses, you should have enough points to immediately qualify for the Companion Pass. The earlier in the year you accomplish this, the longer your pass will be valid.

You cannot have more than one Southwest personal credit card at once, which is why it’s necessary to open both a personal credit card and a small-business card to achieve the Companion Pass through welcome bonuses.

Who is eligible for the Southwest credit cards?

Southwest credit cards are subject to the Chase 5/24 rule. This means that if you’ve opened five or more cards (from any bank) in the past 24 months, you won’t be approved for a Southwest card. Also, you aren’t eligible for a Southwest personal card if you currently hold a personal Southwest card or have received a welcome bonus from one in the past 24 months.

To be clear, this doesn’t apply to Southwest’s small-business cards. But they have their own rules. You won’t be approved if you currently hold a particular small-business card or have received a welcome bonus for that specific card in the past 24 months.

You must also have a business venture to qualify for a small-business credit card (though that can be something as simple as selling items on eBay, freelance writing, tutoring, etc.)

For a closer look at everything you need to know about this valuable benefit, check out Insider’s guide to earning the Southwest Companion Pass.

Read the original article on Business Insider

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