The Southwest Companion Pass is arguably the best deal in travel. It allows a companion to fly for free with you on any Southwest flights you book. The pass is good from the time you earn it until the end of the following calendar year. The opportunity has arisen to enable a companion to fly for free with you for 23 months: most of 2018 and all of 2019. But you have to act by October 4, 2017 (and, ideally, on 10/3) to take advantage of this opportunity.
Following is more about the Companion Pass and exactly what you need to do by October 4th in order to score 23 months of free flights for your companion (and a lot of free flights for you as well):
How to Earn a Southwest Companion Pass
There are two ways to earn a Companion Pass:
- Flights. Fly 100 qualifying one-way flights within a calendar year. (Ouch.)
- Points. Earn 110,000 qualifying Southwest points in one calendar year. (Now we’re speaking my language! My wife and I each have a Southwest Companion Pass, and this is how we earned them.)
From now through October 4th, each of the three Southwest credit cards is offering a 60,000-point signup bonus. The opportunity thus exists to open two of the three cards, earn 120,000 combined Southwest points, and score the Companion Pass in the process.
Here are the specifics on the three cards:
- Personal Southwest Plus. 60,000 points after spending $2,000 on purchases in the first 3 months. $69 annual fee.
- Personal Southwest Premier. 60,000 points after spending $2,000 on purchases in the first 3 months. $99 annual fee.
- Business Southwest Premier. 60,000 points after spending $3,000 on purchases in the first 3 months. $99 annual fee.
After October 4th, the bonus is likely to drop to 25-50k on the cards.
How to Time this Deal Well
Timing—both when you apply and when you meet the cards’ minimum spend—is very important in order to maximize this deal. Here’s what to do:
Get First Card.
Apply for one of the three above cards on the morning of October 3rd. If you have a business, I’d recommend applying for the business card first. If you don’t have a business, I’d recommend applying for the Plus card first. Apply in the morning so that you have all day to complete this step and the next step. I don’t recommend waiting until October 4th in case something goes wrong that final day.
If the online system doesn’t instantly approve you, call the Chase credit card reconsideration line in order to speak with a representative who might be able to approve you. The number is (888) 270-2127 for personal cards, (800) 453-9719 for business cards. (For what to say during the reconsideration call, see this excellent guide.) Once you are approved for your first card, proceed to the next step.
Get Second Card.
Apply for one of the other cards listed above. If you first got approved for the business card, I recommend you now apply for the Plus card. If you first got approved for the Plus card, I recommend you now apply for the Personal Premier.
This time, you probably won’t get instantly approved. Follow the process from the previous step to call the appropriate reconsideration number in order to speak with a representative about getting that second card approved. You’ll need a valid reason for wanting this second card. A common reason is to separate expenses. For instance, you might put business expenses on a business card and personal expenses on a personal card. Or, if you’re applying for two personal cards, perhaps you could use one of them for HSA/medical expenses and the other for all other expenses, or some such thing.
Carefully Meet the Minimum Spend.
Once you receive the two cards, you want to begin working toward meeting the minimum spend. (A card’s annual fee does not count toward minimum spend.) BUT YOU DON’T WANT TO FULLY MEET THE CARDS’ MINIMUM SPEND UNTIL JANUARY 1, 2018. Leave some small amount of minimum spend for January 1st.
Then, on January 1st, complete the minimum spend. By completing the minimum spend in 2018, you will earn the cards’ 120,000 combined bonus points as early as possible in 2018. Doing so will thereby earn you the Southwest Companion Pass for the remainder of 2018 and all of 2019—approximately 23 months.
What Can Go Wrong?
Although I have successfully earned the Southwest Companion Pass by means of the above process, I don’t want to give the impression that it’s a slam dunk. Any of the following can go wrong to ruin the opportunity for you:
- Above “Chase 5/24.” With very few exceptions, Chase will not approve you for the Southwest cards if you’ve opened 5 or more cards from any issuer within the past 24 months. That is known as the (dreaded) “Chase 5/24 Rule.”
- Not Approved for Two Cards. If Chase doesn’t approve you for two cards, you won’t be able to get the Companion Pass as described above. That said, if Chase only approves you for one card on October 3rd, you still have options. In that case, I’d recommend waiting to see if the big, 50k or 60k bonus returns on the cards before December 31st. If it does, I’d suggest waiting at least 32 days from the time you were approved for your first card to try again to get a second card.
- Meet Minimum Spend too Fast. If you meet the minimum spend too fast, your 120,000 bonus points may post in 2017 rather than in 2018. In that case, you’ll still earn the Companion Pass, but it will be valid for a much shorter period of time: the rest of 2017 and all of 2018.
How Much is this Opportunity Worth?
Southwest points are worth approximately 1.5 cents apiece. So 120,000 points are worth about $1,800 toward travel on Southwest. Not a bad deal at all even without taking the Companion Pass into account.
Aside from modest taxes and fees (often $5.60 for a one-way domestic flight), your companion can fly for free with you on any Southwest flight you book, regardless of whether you book with cash or points. The value of the Companion Pass thereby increases the more your companion flies with you.
Probably the best use of the Southwest Companion Pass I’m aware of occurred in the case of my buddy and his wife before they had kids. My friend traveled often for work, and his wife worked remotely for her company. So almost any time my buddy had to travel, he booked on Southwest, and his wife joined him on the trip for free. But even if you just use the Companion Pass a few times per year (as my wife and I do), the pass can still easily save around $1,000 per year on your companion’s flights.
As if the above-mentioned benefits of the Companion Pass were not enough, Southwest allows you to change the person you designate as your companion 3 times per calendar year. So, as an example, you could choose your wife, brother, then wife again in 2018. And then friend, wife, and brother in 2019.
Also, once you choose a companion, you can add them to reservations you made previously.
The Southwest Companion Pass is possibly the best deal in travel. My wife and I recently used our two Companion Passes to fly two of our kids with us for free—a savings of $474—on our recent $56 vacation to San Diego.
Earning a Companion Pass as outlined above maximizes the deal by netting you 110,000 Southwest points and a Companion Pass for approximately 23 months of free travel.
Question: What questions do you have about the Southwest Companion Pass or how to earn it? You can leave a comment by clicking here.
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Hat tip: Doctor of Credit