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Chase has a new offer for the Southwest Rapid Rewards® Performance Business Credit Card: earn 80,000 points after you spend $5,000 on purchases in the first 3 months.
Ongoing earn with this card is 3 points per $1 spent on Southwest purchases. 2 points per $1 spent on social media and search engine advertising, Internet, cable, and phone services. 1 point per $1 spent on all other purchases. These points count towards earning a companion pass.
Cardmembers receive 9000 bonus points each year after cardmember anniversary; a statement credit for Global Entry or TSA PreCheck fees every four years; reimbursement for four upgraded boardings per year (A1 – A15 boarding purchased at the airport); plus inflight wifi credits. That’s a package that makes the card’s $199 annual fee well worth it.
Here’s the thing, I actually needed to work through whether this was a better offer, or reduced offer, compared to what was available previously. The earlier offer was to earn:
- 70,000 points after you spend $5,000 on purchases in the first 3 months.
- Plus an additional 30,000 points after you spend $25,000 on purchases in the first 6 months.
That was 100,000 bonus points total. This is 80,000 points total. However,
- You earn more points with your first $5000 spend with this new offer (80,000 vs. 75,000)
- That extra 30,000 points from the earlier offer required a ton of spend, the new offer does not
- This new offer is more generous per dollar spent to earn it,
- 80,000/4000 = 16 points per dollar
- 100,000/25,000 = 4 points per dollar
The Southwest Rapid Rewards® Performance Business Credit Card is the card I used to earn my current Companion Pass.
- All Rapid Rewards accounts that were open December 31, 2020 receive 25,000 Companion Pass qualifying points and 25 Companion Pass qualifying flights this year.
- With the Companion Pass you can bring a second person along with you on your travels. You need to earn 125,000 eligible points in 2021 for a pass that will be valid through the end of 2022. And Southwest credit card initial bonuses and points-earning from spend on those cards count towards companion pass.
- So earning the bonus on this card gets you at least 85,000 of the 100,000 points you’ll need this year (provided you had an account open December 31, 2020).
- You can earn the rest through credit card spend, hotel bookings through Southwest’s portal, flights, or other qualifying activity. But there’s not far to go.
For most I think this is going to be the better offer, more points up front without a big spend requirement, although those who easily put big spend on cards might prefer the earlier one since it knocked out all requirements for Companion Pass in a single go.
CitiBusiness® / AAdvantage® Platinum Select® Mastercard® Earn 65,000 AAdvantage miles.