Posted by Chuck on October 16, 2019
Credit Cards

Published on October 16th, 2019 | by Chuck

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4 Southwest Credit Card Bonuses Slated To End on October 16th

[Update: Interestingly, some Southwest Performance links are showing 70,000 already now (ht Reddit), so it’s a good guess that the bonus will go down to 70,000 after October 16th. We’ll see.]

The Southwest Performance business 80,000 points signup bonus offer is slated to end on October 16th, as we’ve noted previously. Reader Randy sent in an image about the Southwest Plus 40,000+20,000 offer, indicating that it, too, is slated to end on October 16th. I’m guessing the other two personal Southwest card which currently have 40,000+20,000 signup offers are slated to end then as well as all 3 of these 40+20 offers came out together. The Premier Business card has 60,000 points as its standard offer, and that will likely remain.

We don’t know what the signup bonus will be after the 16th. It might be extended or it might go down to 25,000 points or some other amount. Personally, I’d probably jump on the Performance business 80k offer as that’s a card-launch offer, and very possibly will come down to 60,000 (or something like that) as the permanent offer going forward.

On the other hand, the personal card offers of 40k+20k aren’t all that amazing, and we don’t know what the offer will be after the 16th. Even now, other signup exist including having a friend refer you in which case you’ll get 40,000 points after $1,000 spend, plus your friend will get 10,000 points (just keep in mind the tax implications); or you can do the 50,000 in-flight offer after $2,000 spend.

All of this matters especially due to timing of the Southwest Companion Pass. The timing right now is actually quite good: if you signup now, your second statement will likely close sometime in mid-December; you’ll want to complete the spend requirement during the third statement which will close in January. The points will credit in 2020 and count toward the next Companion Pass; if you complete the 110,000 points requirement in early 2020, you’ll land up with nearly two years worth of Companion Pass as the pass will be valid the remainder of 2020 and the entire 2021. Please read Everything You Ever Wanted To Know About The Southwest Companion Pass [2019] for complete details.

 



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Luis
Luis

Anyone know how I can refer a friend to the Southwest Business Performance? My refer a friend link does not have it on the list. It has every other card though.

payyoutuesday
payyoutuesday

Currently there are no referrals to or from the Performance card. Maybe after the bonus changes?

Mike
Mike

Is it better to do the Biz or Personal first if I’m applying for both? I’m at 1/24 for Chase with no SW cards in several years. I want the CP again.

Dan
Dan

Same question as Mike but trying to get CP for the first time.

payyoutuesday
payyoutuesday

Perhaps better to do biz first, since your odds for that are best with no other Chase applications in the previous 30 days. Wait a day after the biz card is approved, then in theory you can do the personal whenever you want.

Krista check my posts
Krista check my posts

I’ve gone back and forth on this question. I had considered doing the personal first because it is more likely to get an instant approval. I’m leaning towards doing the business first for basically the reasons listed above. – the business card is likely a little more difficult to get so want to get it locked in first.

Alex

I did the business card first and once I was approved (2 days later) I applied for the personal card and was instantly approved.

Kyle
Kyle

If my girlfriend (same household / address) refers me for the Southwest cards, would that still work (despite same address)?

And would it work considering she closed the card awhile back? She’s still able to generate a referral link for me! 🙂
–Kyle

Stinger
Stinger

Thanks. Just got approved for the business card and the 50K personal Priority card! Two more years of companion pass!

TrojanFan
TrojanFan

Interested to know if you applied for both on the same day, or spread them out a little. Thanks!

Andy
Andy

I did both the same day last December

Stinger
Stinger

I did business application 2 days ago and this post reminded me of that 50K in flight offer and I was approved for that today. I was a little worried because I have 8 other personal Chase cards. I need to close a couple. I was only approved for $2000! I almost laughed since I don’t think I’ve had a limit that low since college. But it will get the job done for the points and I can move credit from other cards if I need to.

Rox
Rox

8 personal chase cards? Do you actively try to stay below 5/24? Any particular reason? I’m have stayed below 5/24 to get the CP.

Stinger
Stinger

My mistake, actually it was seven personal cards prior to the SW Priority Card approval. I find them all useful. I keep a Disney and Amazon card primarily because they are my oldest cards and help my credit age. I keep the IHG and Hyatt for a cheap hotel night from the annual fee. I have a downgraded United no fee card to keep availability of extra flight booking availability. I have the Sapphire preferred for the travel insurance benefit. I have the Chase Freedom Unlimited for the 1.5X on everything and no fee. I value Chase points highly for use on United (to Hawaii specifically), Southwest (my go to airline with companion pass), and Hyatt is great for families of 5 because Hyatt Place and House accommodate 5 people in almost all rooms at a very good redemption rate.

Sorry this got so long, but that’s why I am so heavy on Chase cards.

Rox
Rox

Make sense. Thanks for the detailed post.

My P2 is 2/24 but has 5 chase personal cards. I was looking for DPs where people have more than 5 chase personal. Glad to know that it is possible to have 7/8 chase personal cards without being shut down.

Stinger
Stinger

I was worried too. It comes down to total credit that they will extend. I am sure that’s why I was only given a $2000 credit limit on my new SW card. If you would get denied initially and meet all other requirements with credit score and being below 5/24, you may call and they would lower the credit limit on an existing card and approve the new card with that freed up credit. If you have a large household income it should not be an issue unless the other cards she has already have huge limits.

Matt
Matt

So I had it all timed to get out of 5/24 purgatory on November 1st. FML.

Ken
Ken

yes I have the Southwest business and

my wife get the personal Southwest card can we combined points to get the companion past

Peter
Peter

No

Darrell
Darrell

I got the CP earlier this year with Personal Priority & Business Premier cards. Thinking about applying for the Biz Performance card and timing it to get the 80k sign-up bonus in early 2020. Combine that with 5k from required spend, 6k+7.5k anniversary bonus on existing cards, 9k anniversary bonus on this card. That leaves me needing to earn just 2.5k more points to re-earn the CP and extend it through 2021. Does anyone see any holes in this plan? I figure since I’m still under 5/24, the 80k points is already one of the better available Chase bonuses, and the extra year of CP is just gravy.

TrojanFan
TrojanFan

I think your plan makes sense and should work. My understanding is they allow multiple bonuses for the business card (unlike the 1 bonus per 24 month language on the personal cards), so even though you got the business premier bonus, I think you would still qualify for the $80k on the Performance version. I say go for it.

Jonathan
Jonathan

I was thinking of applying for it and getting the bonus and next year referring 4 or 3 people with my regular priority card and hitting the 110k to get companion pass again

Ranga
Ranga

Noob question. I don’t have/own any Business. Can I open the Business cards?

Liz
Liz

Just applied (10/10) and approved (10/11) for SW Performance Biz–my first business card. I used info based on my selling of items on Poshmark. Filled it out under my name and SSN as the company info. Is there anything you could argue is a business in the case of needing to call and speak with a live person / produce some evidence? I was nervous about my first business card but felt confidently about claiming the desire to have a business card for separate expenses in order to operate on Poshmark.

Dailybread
Dailybread

Yes. https://www.reddit.com/r/churning/comments/5mhaai/beginners_chase_guide_for_folks_under_524/ Skip to the “How do I get a business card without an actual business?”

joE
joE

If I want to have the points post in Jan of 2020, is it too early to apply for the cards now?

Tworth
Tworth

Nope. You have three months to meet the minimum spend. Get it now, meet some of the minimum spend, then wait until after Jan. 1 to finish the rest of it.

Stinger
Stinger

Also, I believe the actual spending could even happen in December as long as the statement does not close until after the first of the year. The points and bonus close once the statement closes. Someone correct me if I am wrong on that.

joE
joE

Stinger Tworth

You’re right Stinger. That’s why I wasn’t sure if I would actually have a statement fall in Jan as there is a good chance if one applies now, a statement will cut in Oct, Nov, Dec. That’s why I’m doubting how it will actually go down.

Stinger
Stinger

From my experience you will not have a statement close in October at this point in the month.

Chris H
Chris H

Be extra careful when calculating/tracking your spend.

Chase has a history of being “generous” with this calculation and posting points earlier than they should by counting all purchases – but NOT deducting any credits or returns.

Justin
Justin

Do the offers end ON the 16th (meaning you have to apply by 10.15), or is the 16th the last day to apply?

Dan
Dan

Most expiration dates are valid through the end of the date; meaning you should be able to apply on the 16th. As always, offers can be pulled any time so best not to wait if possible. Also server issues can occur with everyone trying to apply last minute.

YoniPDX

DW approved for Performance biz in 10.12.19. Statement close (1st) 12.4.19

Deadline for $5k MSR 1.14.20. So may just wait till 1st week of Jan to finish MSR. Not worried about a few weeks of missing CP when it’s still almost two years

Soobaerodude
Soobaerodude

Was only approved yesterday for $5k limit, but have an upcoming tax payment higher than that. If I ask for a credit limit increase, will they need to pull my credit again? If so, will combine with the pull from yesterday?

Pat S
Pat S

Do you have other business cards? You could shift credit without a pull, but not an increase typically.

shin tzo
shin tzo

I just recently got under 5/24 and was instantly approved for both Southwest business cards. Thanks doc!

ChurNick
ChurNick

Did you have any other Chase business cards by any chance? My wife has the Ink Preferred (opened 4/2019) and just got approved after pending transaction for the SWA 80k offer. We’d like to apply for the Biz 60k offer, but are hesitant and thinking of maybe just going for the personal offer.

Sean
Sean

I am at 4/24 – Just got the southwest biz card a few days ago (not sure if that counts as a slot) I will lose a card November 1.

Am I eligible to get the personal card now? (dependent on biz counting as a slot)

or do I need to wait until nov 1?

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