Most credit card companies offer a standard bonus but give a higher promotional bonus a few times per years. In the case of Southwest Rapid Rewards, however, the bonus is offered so frequently that it is almost the norm.
40,000 Bonus Points from Southwest Airlines
The standard bonus for the Southwest card, offered by Chase, is 30,000 points for spending $1,000 in the first three months that the account is open.* Occasionally, you’ll see a 50,000 point sign-up bonus. This time around is 40,000, which is worth somewhere north of $600 in Southwest flights. Like most discounters, Southwest bases the cost of an award on the underlying cost of the ticket, not distance. In other words, a ticket that costs more to buy with cash will cost (approximately) proportionally more with points.
Best of all, the points count toward the Southwest 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. Sadly, points transferred from other programs no longer count toward the CP.
Beginner’s Hint: When a credit card company requires a certain amount of spending in the first three months to earn a bonus, it is typically an aggregate amount. In other words, for this bonus, you have to spend $1,000 total in the first three months, not $1,000 per month.
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