Companion Pass w/ 1 card: get 125K points after new business card offer

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Chase has increased the offer on the Southwest Airlines Performance Business credit card: it is now possible to earn all 125,000 points required for a Companion Pass with one credit card offer, though you’ll need to be able to spend $25,000 total within the first few months. This could be a great deal for those looking to earn the pass without adding to their 5/24 count.

The Offer & Key Card Details

For more information about this card and to find a link to apply, click the card name below to go to our dedicated card page.

Southwest Rapid Rewards Performance Business Credit Card

Card Type: Visa Signature

Base
Travel
Phone
Biz
Brand

Earning rate: 3X Southwest ⚬ 2x on social media and search engine advertising, Internet, cable and phone services

Big spend bonus: If you earn 125,000 points in one calendar year, you'll get a companion pass good for the rest of that calendar year and all of the next year.

Noteworthy perks: 9000 bonus points each year upon card renewal.

Quick Thoughts

This new offer essentially takes the previous bonus for this card and adds an additional 30K bonus points for an additional $20K in purchases (which means that you’ll earn a total of 50K points for that $20K in spend). In total, you’d end up with at least 125,000 points as follows:

  • 5K for the initial spending requirement of $5K in the first 3 months
  • 70K for the initial spending bonus
  • 20K for the second spending requirement of an additional $20K in the first 6 months
  • 30K for the second spending bonus above
  • In total: 125,000 points

That’s assuming of course you don’t make use of any of the bonus categories, in which case you’d have even more points.

If you’re well-under 5/24 and you’re looking for a path to the Companion Pass for the least total spend, this offer (alone, anyway) is not it. You could currently pick up one of the personal cards (which feature welcome offers of 75K bonus points at the time of writing) and also get either of the business cards. Given two welcome bonuses, you would eclipse 125K points with far less spend.

That said, you’ll give up a 5/24 slot if you open a personal card. With this new business card offer, you could avoid giving up a 5/24 slot. That’s because while Chase business cards are subject to the 5/24 rule, they do not add to your 5/24 count.

Chase 5/24 semantics ("Subject to" vs. "Count towards"): Most Chase cards are subject to the 5/24 rule. That means the rule is enforced in making approval decisions. In other words, you probably won't get approved if your credit report shows that you opened 5 or more cards in the past 24 months. Meanwhile, most business cards (such as those from Chase, Amex, Barclaycard, BOA, Citi, US Bank, and Wells Fargo) are not reported on your personal credit report. These cards do not count towards 5/24.

Example: Chase Ink Business Preferred is subject to 5/24, so you likely won't get approved if over 5/24. If you do get approved, it won't count towards 5/24 since it won't appear as an account on your credit report.

Keep in mind that the Companion Pass now requires you to earn 125,000 points in a single calendar year and then it is good for the rest of that year and the entire next year. You can even change your companion up to 3 times per year (read more about it in our Southwest Companion Pass Complete Guide 2020). If you can meet the spending requirement easily, earning the Companion Pass for nearly two years with a single card is a very interesting offer. You could obviously put that spend towards multiple welcome offers, but if you’ll make good use of the Companion Pass and you are comfortable meeting spending requirements, this is hard to pass up.

Note that if you’ve recently applied for this card, you may wonder if Chase will match you to the new offer. I always give the same advice: they never match someone who doesn’t ask. It’s always worth a call or secure message to see.

H/T: Doctor of Credit

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AZTravelGuy
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AZTravelGuy

130K. Your own screenshot shows it’s an additional $25K spend, not $20K spend.

LarryInNYC
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LarryInNYC

I think I’ll take the leap and do this one.

Nick, in about two weeks I’ll probably be looking for a post with a title like “How to spend $25,000 quickly on your credit card”!

Carol
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Carol

If my husband has a Southwest business card could I also apply for a Southwest business card? It would be the same business. I am an authorized user on the current card.

John
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John

Yes you can

Miles
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Miles

Generally, I think it’s best to not be an authorized user on someone else’s card. Each of you can get your own CC and each get a bonus.

CaveDweller
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CaveDweller

I spent $10K on my New United card in 3 weeks Been Throwing Up ever Since .
Pay ur Taxes.
Thanks Steve how’s the Dog ?
CHEERs

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