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When you open a new personal Southwest credit card, you can earn the best-ever sign-up bonus offered for the cards: 30,000 points and an unlimited Companion Pass, which is valid for travel through 2019.
The Companion Pass lets you book a free ticket for a companion whenever you travel — all you’ll have to pay is taxes and fees (which are typically as low as $5.60 each way).
The offer applies to all three of Southwest’s personal cards, but it ends in a few short weeks on February 11.
Our pick for the best Southwest card to open is the Southwest Rapid Rewards Priority Credit Card; however, read on to see which is best for you.
Southwest and Chase announced Thursday that, for a limited time, people who apply for any of their co-branded credit cards will be able to earn Southwest’s coveted Companion Pass as a sign-up bonus.
The new sign-up bonus is effectively the best deal ever offered on any of Southwest’s credit cards. In addition to the Companion Pass, which will be valid through 2019, new cardholders can also earn 30,000 Southwest Rapid Rewards points.
To earn the sign-up bonus, new cardholders must spend $4,000 on the card within the first three months of opening it. The bonus is available only until February 11.
The surprise promotion — coming just one day after a previous limited-time offer ended — represents what can arguably be described as the best-ever sign-up bonus offered by Southwest and Chase.
The Southwest Companion pass is often seen as the “holy grail” of travel for points-and-miles aficionados and self-described “travel hackers.” When you earn the Companion Pass, you can select a designated friend or family member to travel with you for free, as long as the pass is valid.
Normally to earn the Companion Pass, one has to earn 110,000 qualifying points with Southwest within a calendar year. The pass will then be valid for the remainder of that calendar year, as well as the entirety of the following one.
Typically, you may be able to earn some of those qualifying points by opening a credit card and earning the normal sign-up bonus, but as Chase has added restrictions on who is eligible — for instance, you can’t just open two consumer cards at once, earn the bonuses, and use those points to qualify — it’s become harder to earn unless you’re a very frequent business traveler.
The ability to earn the Companion Pass purely as a sign-up bonus makes it significantly easier to acquire. Should new applicants hit the minimum spend requirement quickly, signing up for one credit card can equal 11 months of buy-one-get-one flights. Coupled with competitive fares on Southwest, the pass can be used for everything from longer vacations to easy, affordable weekends away. While taxes and fees are still charged on Companion …read more
Source:: Business Insider – Life