WTM reader Dillon asks “Can you get 200k Rapid Rewards points from applying for all four versions of the Southwest Visa cards?”
The short answer is yes, but I will break down why you are able to earn 2ook points from applying for all four versions of the Southwest Airlines Rapid Rewards® Premier/Plus Card offers. One thing to remember is that Chase allows you to earn a bonus for each unique product, this means that you can earn a separate bonus for each version of a card.
For the Southwest Airlines Rapid Rewards® Credit Cards you can earn:
50k from the Southwest Airlines Rapid Rewards® Premier Card
50k from the Southwest Airlines Rapid Rewards® Premier Business Card
50k from the Southwest Airlines Rapid Rewards® Plus Card
50k from the Southwest Airlines Rapid Rewards® Plus Business Card
Over the last two years I have applied for all four of these cards while they were offering 50k points at different points in time. I applied for both the 2 Plus and 2 Premier cards during two separate rounds of credit card applications. All-in-all I earned 200k points by being approved for both the personal and the business cards for both the Plus and Premier version of the card. Since Chase will allow you to be approved for multiple cards at once this is a great way to earn Southwests’ Companion Pass.
If you are approved for two of the cards you will earn 100k points from the sign-up bonus and after the additional 4,000 points you earn from meeting the $2,000 minimum spends per card you will have a total balance of 104k Rapid Rewards points. This leaves you only 6,000 points short of earning the Companion Pass and free flights for a spouse, friend, or family.
To maximize the earning all 200k points and the Companion Pass the best timeline to apply for cards would look like this:
Year 1: Apply for two cards and meet minimum spend in January + earn 6k points to earn the Companion Pass. Once you earn the Companion Pass it is good for the rest of the current year and the entire next calendar year.
Year 2: Enjoy using the Companion Pass
Year 3: Apply for the other two versions of the card and meet minimum spend in January + earn 6k points to earn the Companion Pass.
Year 4: Enjoy using the Companion Pass
Of course this hypothetical timeline assumes that the 50k offer will be around in the future and that the current terms and conditions for earning the Companion Pass from card bonuses does not change significantly.
How do you earn the Southwest Companion Pass?
The current card offer is 50,000 Rapid Rewards points after you spend $2,000 within the first 3 months. The premier card does have a $99 fee but it is easily justified since you are getting $800 in free airfare. To earn the companion pass you have to earn 110,000 Rapid Rewards points in one calendar year, so getting approved for one Southwest card will almost get you half the way there. If you get both the personal and business card, you just have to spend $6,000 more to reach the 110,000 point mark.
Once this happens Southwest will send you a Companion Pass where you can designate a companion that can fly for free (they just pay $10 taxes/fees) whenever you fly on Southwest. The real kicker is that the pass is valid for the rest of the current year and the entire following calendar year.
This means that anytime you book with points or pay for a Southwest flight your companion will fly for free for the rest of this year and all of next year. If you earn the Companion Pass in January you will have the pass for two full years! Essentially you can double the value of the 100,000 points from the sign-up bonuses from $1,900 in Wanna Get Away fares to a whopping value of $3,800 when using the Companion Pass.
The Southwest Airlines Rapid Rewards® Credit Card is the only credit card on the market that offer 4 different versions of the card and allow you to earn a ton of miles easily for the same airline. This makes these offers a great way to stock up 200k Southwest Rapid Rewards points.