Note: Southwest 50,000 offer still available via Southwest.com site. Here is the sign up link.
If you haven’t heard, the Southwest Premier and Plus 50,000 points credit card offers end today (click banner to signup). The most amazing thing about Southwest credit cards is that they count towards the Southwest Companion Pass. The Companion Pass essentially lets you travel on Southwest at a buy one get one free rate. The awesome thing is that you can even use Southwest points to travel at a buy one get one free rate. Sounds almost too good to be true, but it’s not. That’s why I’m going for the Southwest Companion pass.
If you want to know more about the Southwest Companion Pass, Millionmilesecrets has a great FAQ about the Companion Pass. I’m going for the Southwest Companion pass because if I qualify in 2014, my wife can fly free with me until December 2015. That’s almost 2 years of free flights for her. Also, I currently do not have any Southwest Points at the moment. I do not like transferring Chase Ultimate Rewards to Southwest because I would rather transfer to United or Korean Air for business or first class flights. I know that it is decent value to transfer Chase UR to Southwest, but I’d rather save my Chase UR points.
I was a little hesitant to go for the Southwest Companion pass because I already have 7 personal Chase Credit Cards and 2 business Chase Credit Cards. I’m also going to apply about 83 days since my last application. My general strategy is to wait 91 days and use the multiple browser trick to apply for 2 or 3 credit cards at once to increase the chance of instant approvals.
My other credit card I would probably apply for is the Barclaycard USAirways Credit Card 35,000 no annual fee 1st year credit card. This is the best offer for the credit card, don’t be tricked into applying for the other 30K offer with $89 annual fee not waived.
I will only be applying for two credit cards because I have about 15 active credit cards at the moment and have more miles I can use at the moment since I only do about two big trips a year. If you need more points or miles, I would suggest applying for a Barclaycard, AMEX, or Citicard along with your Chase credit card sign up.
My Strategy for the Southwest Companion Pass
If I am approved for the Southwest Companion Pass, I will wait until January 1, 2014 to spend on the credit card because I want to make sure that all my spending will count towards 2014. After 91 days from today, February 17, 2014, I will apply for the Chase Southwest Business Credit Card. I’m hoping that there will be a 50,000 point offer at that time. Since both credit cards need $2,000 spending to get 50,000 points, I would be left with 6,000 more points to earn because you need 110,000 points to earn the Companion Pass. I would probably do Amazon Payments or buy Vanilla Reload cards to make up the extra 6,000. Note that transfers from Chase UR do not count towards the total, but hotel transfers to count. I have some Wyndham hotel points I could transfer that would make up the difference in points needed.
My biggest challenge is to get approved for the Southwest credit card. I am prepared to call the reconsideration line to give up my Chase Marriott credit card to be approved for the credit card. I’m hoping I can convince the agent to give me the credit card. I will hang up and call again up to 3 times to try convincing them. Wish me luck!
So who else is going for the Southwest Companion Pass?