Last week I wrote about signing up for the Southwest Premier Rapid Rewards credit card. Now that the new year is approaching, I would consider preparing for Southwest Companion Pass now. I personally think Southwest points are quite useful and practical for taking short distance flights. Here on the west coast, I often travel to Northern California and Vegas for different events. Although Chase Ultimate Rewards can transfer to Southwest Rapid Rewards, I find Chase UR points more useful for Hyatt and United miles. Right now is a good time to apply for Southwest Companion Pass because it is possible to earn the Companion Pass for 2015 and 2016.
The Southwest Companion Pass lets you fly a companion with you for almost free on both paid and award tickets. To get the Companion Pass, you need to earn 110,000 Southwest points in a calendar year.
The Companion Pass Strategy
1. Read Southwest’s website to get background info on the Companion Pass.
2. Apply for the Southwest Premier Rapid Rewards Credit Card – Earn 50,000 Rapid Rewards after spending $2,000 in 3 months.
3. Wait until January 1, 2015 to start spending on the credit card to make sure that all your spending will count towards 2015. If you start spending in 2014, you may risk the chance that those dollars will count towards 2014 instead. I would not risk this.
4. After 91 days from signing up for the first credit card, apply for the Chase Southwest Business Credit Card or Southwest Select Premier credit card ($69 annual fee). I’m not guaranteeing there will be another 50K offer then, but I think it is highly likely. The 91 days is not a hard set rule, I just tend to follow it to spread out my applications for easier approvals.
Keep in mind there are 4 different Southwest Credit Cards. Southwest Premier Rapid Rewards ($99 annual fee), Southwest Plus Rapid Rewards Credit Card ($69 annual fee), and the business versions of each card. You can find all 50k Offers at this page. However, please consider using my link here for the Southwest Premier Rapid Rewards Personal credit card.
5. Since both credit cards need $2,000 spending to get 50,000 points, you would be left with 6,000 more points to earn because you need 110,000 points to earn the Companion Pass.
6. After spending (manufactured or real) $6,000, you would have earned 110,000 points and earn the Southwest Companion Pass.
7. Enjoy your Southwest Companion Pass for the rest of 2015 and all of 2016!
The Southwest Companion Pass is hands down the best deal for domestic travel. A buy one get one free ticket at anytime for two years is unbeatable, especially when you can get a BOGO deal on award tickets.
Will you be preparing for Southwest Companion Pass now?