It’s back! Southwest has temporarily raised the sign-up bonus on its Rapid Rewards Credit Card. You will receive 50,000 points if you spend $2,000 in the first three months, rather than the normal 30,000. These premium bonuses are limited-time only, although they tend to occur frequently. The card has an annual fee of $69.
Rapid Rewards And The Companion Pass
The card offers some pretty good benefits just for having it (although the “bags fly free and no change fee” are somewhat disingenuous, since you get those without the card, as well.).
But the card will also give you a head start to possibly the best perk in the airline industry: The Companion Pass. A companion pass is just what it sounds like: for the duration of your status, which you earn by flying 100 segments or earning 110,000 Rapid Rewards points in a calendar year, you get to bring along your favorite companion, free of charge (Yes, you do have limited opportunities to change your companion if you get a new favorite person.). The 50,000 Rapid Rewards points you get from the sign-up bonus count, as do any that you earn from the credit card.*
Even if you’re not trying to earn the Pass, it is still an excellent sign-up bonus. Rapid Rewards points are worth about 1.5c each, so a 50,000 point bonus is worth $750 in Southwest flights.
You can get any credit cards on the Credit Cards for Charity page.
*There used to be a shortcut to the Companion Pass. Since Southwest counts points from almost any sources as valid toward the Pass, you could simply transfer in points from another account, such as a Chase Ultimate Rewards account. Sadly, transferred points no longer count.
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And finally, you can apply for credit cards through the Credit Cards for Charity link above. All card proceeds are donated to charity, so please do well by doing good!