We love Southwest Airlines for the ease of booking award seats (especially for large families), their no fee policy to change/cancel award seats and most importantly for their Companion Pass.
We previously called the Southwest Companion Pass the Holy Grail of Travel Rewards (click to see a full explanation of the value of the CP, which we think is well over $3,000 in Southwest flights) and we wanted to tell you that now is the perfect time to make a run at the Companion Pass for 2019-through 12/31/2020.
A quick recap:
- To earn the Companion Pass one person needs to earn 110,000 qualifying Southwest points in one calendar year.
- Once you are awarded the Companion Pass you have it through December 31 of the following year.
If timed properly, you can earn the Companion Pass early in one calendar year and have it available to you for nearly 24 months!
The easiest way to earn the 110,000 qualifying points is as follows:
- One person opens one of the two (2) Southwest personal credit cards (Southwest Airlines Rapid Rewards Premier Card, Southwest Airlines Rapid Rewards Plus Card). There is generally a 40,000 or 50,000 mile bonus offer on these cards once you reach the minimum spending requirement.
- That same person opens the Southwest Rapid Rewards Premier Business credit card. There is generally a 60,000 mile bonus on this card once you reach the minimum spending requirement.
- Depending on the bonus offers you received, you may need to spend roughly $6,000 more on your credit cards to earn the necessary 110,000 total Southwest miles. Or you may already be there if you’ve earned a 50,000 and 60,000 mile bonus on both of your cards!
We think that mid-December is the absolute perfect time to open the two Southwest credit cards as by the time you receive the cards in late-December and your first statement closes, the points wouldn’t hit your account until January of the following year (2019 in this case) and you’d be well on your way towards the Companion Pass for nearly two full years.
(Important note: transfers from Chase Ultimate Rewards points do NOT count towards earning your Southwest Companion Pass)