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Last chance for 100,000 points offer

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The Southwest Rapid Rewards® Credit Card Welcome Bonus mentioned below is no longer available. the current offer allows new cardholders to earn Companion Pass® through February 28, 2023, plus 30,000 points, after spending $5,000 on purchases in the first three months.

Vacations are here, and so are vacation expenses. So before using your regular credit card, you might want to consider earning a huge welcome bonus with one of the Southwest credit cards.

All three Southwest personal credit cards offer a huge 100,000 point sign-up bonus, but the offer ends before the end of the day on December 7. As long as you apply no later than December 7, you will be eligible to earn the award.

This offer is worth around $1,400 for Southwest flights, as Southwest points have a fixed value that hovers around 1.4 cents each. It’s one of the best credit card welcome bonuses we’ve ever seen because the spending thresholds are manageable, the annual fees for each card are modest, and the rewards are relatively stable in value.

Select analyzes the welcome offers of each Southwest credit card and the possibility of winning the coveted Southwest Companion Pass.

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Southwest Airlines Credit Card Welcome Offers End in Less Than a Week

In October, Chase relaunched Southwest Credit Cards with new benefits, spending categories and welcome offers. While new map features will remain intact after the December 7 deadline, welcome bonuses will be reduced. It is not known what the bonus offer will be on December 8.

But for now, you still have a chance to grab a great welcome bonus. If you’re approved for one of the three cards below, you can earn up to a total of 100,000 Rapid Rewards points. You can earn 50,000 points after spending $2,000 on qualifying purchases within the first three months of account opening, plus an additional 50,000 points after spending $12,000 total on qualifying purchases within the first 12 months of card membership.

Keep in mind that the second threshold might seem overwhelming at $12,000, but it averages $1,000 in spending per month. However, it is beneficial to have an idea of ​​larger upcoming expenses that need to be paid before applying for a credit card, such as tuition, daycare, a down payment on a car, or home repairs – to make the easy-to-win welcome bonus. .

And with over 100,000 Southwest Rapid Rewards points in your rewards account, you can begin your vacation booking process for you and a travel partner. Keep in mind that 100,000 points is worth around $1,400 for Southwest flights, which could net you a lot of “free travel.” Also, after earning the welcome bonus, you will be on your way to achieving the Southwest Companion Pass.

Southwest Airlines Companion Pass, and how to earn it

The Southwest Companion Pass is exactly as it should be: it’s a pass to bring a companion on any Southwest flight, almost for free. All you have to do is pay the taxes for your travel companion, whether you pay using Southwest points or cash. You can use it an unlimited number of times and can change companions three times a year.

To earn the pass, you must earn 125,000 Southwest Rapid Rewards miles or complete 100 qualifying one-way revenue flights in a calendar year. Unless you travel regularly, the latter option is not realistic. But the former is simple to earn, as points earned with Southwest credit cards (including welcome bonuses) count towards the 125,000 point threshold.

For example, if you apply and are approved for the Southwest Rapid Rewards® Plus credit card, and meet both welcome bonus thresholds, you will have a minimum of 112,000 Southwest Points as you earn a minimum of 1X point per dollar spent on all qualifying purchases. . This will put you on your way to earning the Companion Pass, allowing you to have a travel companion fly for free until the end of next year. To earn the remaining 13,000 points, you’ll need to spend an additional $13,000 if your spending doesn’t fall into the card’s bonus categories.

And the best part of the Companion Pass is that you’ll have it for up to two years. For example, if you earn the companion pass in January 2022, you will benefit from it until the end of 2023.

At the end of the line

If you like traveling to the US, Mexico or the Caribbean and free checked baggage, plus loads of free flights through rewards or the Companion Pass, one of the Southwest credit cards may be the perfect fit for you. Plus, Southwest Points never expire.

But don’t wait too long, because the welcome offer will be reduced after December 7th.

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Editorial note: Any opinions, analyses, criticisms or recommendations expressed in this article are those of Select’s editorial staff only and have not been reviewed, endorsed or otherwise endorsed by any third party.