Posted by Chuck on January 1, 2019
Credit Cards

Published on January 1st, 2019 | by Chuck

77

Southwest 60,000 Points Signup Bonus on All Four Versions (Ending 1/9/19)

Update 1/1/19: Looks like these offers will also end on 1/9/19 (same date the Chase Hyatt bonus is being reduced). Keep in mind the 50,000 points after $2,000 in spend will be a better offer for a lot of people.

The Offer

Chase has increased the signup bonus offer on all three versions of the Southwest personal card to 60,000 points with a tiered bonus. The business version remains with its 60,000 non-tiered bonus, as before.

  • Southwest Plus personal card with $69 annual fee – 40,000 points bonus after $1,000 in spend within 3 months. Plus, earn 20,000 points after you spend $12,000 on purchases within your first year.
  • Southwest Premier personal card with $99 annual fee – 40,000 points bonus after $1,000 in spend within 3 months. Plus, earn 20,000 points after you spend $12,000 on purchases within your first year.
  • Southwest Priority personal card with $149 annual fee – 40,000 points bonus after $1,000 in spend within 3 months. Plus, earn 20,000 points after you spend $12,000 on purchases within your first year.
  • Southwest Premier business card with $99 annual fee – 60,000 points bonus after $3,000 in spend within 3 months.

Card Details

  • Chase 5/24 rule does apply to this card
  • Annual fees are not waived the first year
  • The Premier personal and business cards earn a 6,000 points anniversary bonus; the Plus earns 3,000 points anniversary bonus; the Priority earns 7,500 anniversary bonus

Our Verdict

The 50k or 60k offers come and go. For a while now, there’s only been 40k available on the three personal Southwest cards. We’ve seen in the past 50k or 60k offers which were not tiered, e.g. spend $2k and get 50k or 60k points. This offer is not as good since it requires $12k in spend to get the extra 20k points. Still could be useful for earning the Southwest Companion Pass.

Earning 110,000 Southwest points earns you the Companion Pass. The best way to time your 110,000 miles is to earn the 110,000 threshold at the beginning of the calendar year since Companion Pass continues for the next entire calendar year. For example, if you earn 110,000 Southwest miles during January 2019, you’ll have the Companion Pass for the rest of 2019 and the entire 2020.

The easiest strategy to earn the Companion Pass has always been to get two Southwest credit card signup bonuses. In our case, you’ll want to apply now, and take care to ensure NOT to meet the spend requirement until after January 1st. The signup bonus points on the two cards will post after you complete the spend in early 2019, and you’ll have a Companion Pass for nearly two years. Get one of the personal cards and the business card, meet the high spend requirement, and you’ll have 120,000 points just from the bonuses and earns you the Pass.

Best option is to meet both signup bonuses in January by putting $3k on the business card and $1k on the personal card. You’ll have 104,000 miles. Then spend another $6k on the personal card which brings you to the 110k for the Pass. Then spend an additional $5k over the course of the year to meet the 20k bonus.

Again, many of us are not eligible for any of the Southwest cards at all due to the 5/24 rule, or because you’re a current Southwest cardholder of any version or because you got a bonus within the past 24 months.

There’s also a 50k bonus offer with $2k spend available if you apply in-flight on Southwest, that’s a better deal for a lot of people since you’ll avoid the high spend requirement, but only works if you have a flight to apply on.

Hat tip to poolking25 on r/churning

RELATEDYear-End Credit Card Checklist for 2018: Travel Credits, Spend Reset, Application Strategy & More



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Willy
Willy

Yassss

DL
DL

I can confirm the 50k bonus offer exists while connected to the on-board wi-fi while in flight. I did this in mid-October. I just looked at the November magazine and it is still there. FYI – I used my iPad to open up the application in-flight and it opened up a special connection to Chase. I did not enter any information on the plane. I entered my information and finished the application via the iPad the next day at home using the special connection that was opened in-flight. After getting approval, I confirmed the 50k offer with customer service after receiving the card in the mail. I also got the 60k Business card and plan to have the Companion Pass in mid-January when the statement arrives.

Shannon
Shannon

Thanks for posting the specific information. I’m on a flight now and I couldn’t find the offer. I did and applied. Thanks!

Kuso29
Kuso29

This offer makes it much more difficult to attain the SW CP. Total spend with be $28K among the personal versions compared to just $4k in the past. The alternative as you state would be to apply for the in-flight version and if possible, the business version, resulting in only $5k spend.

MickeyMouse
MickeyMouse

My reading is 15k spend total for 120k points plus a Companion Pass which is an excellent deal!

How?

The Premier Card is 12k Spend for 60k Points

The Biz Card is 3k Spend for 60k Points

Total is 15k Spent! Make sure to get the Biz Card approved first as it does not count towards 5/24 status.

In the end you get:

135k Points (120k Bonus + 15k Spent)
A Companion Pass (My Value on it is roughly 3k for my travel but you may travel more)

My valuation of SW Points is conservatively 1.5 cpp (though many times recently I use them at 1.8cpp).

With that valuation it makes getting both these cards and completing the 15k Spend Worth $5,000!!!

Alex
Alex

I understand your math but I don’t understand how you consider it to be a good deal. You can get 60k/3k from biz and 50k/2k for personal in an airport. That gets the companion pass for 10k less spend. Use that extra 10k in spend for 2 CIP cards for 180k UR with self referral, transfer them to SW if you wish and now you have 290k SW with CP. Chase is making you use the card for more spend with much lower returns with tiered bonuses like these.

AnonGS

Like who is this snake and who paid you to be one around here. Sheeessh, get out!

Zerbaxa
Zerbaxa

Not necessarily.
If you are aiming for CP then you get the Biz which nets you 63k points, for 3k spend (60k +3k).
Then get the personal which nets 41k points on 1k spend (40k + 1k).

Total is 104k netted. You’re short 6k points. At minimum spend $6000 on either card earning 1CPP.

Total spent $10,000 to get to 110k points which isn’t unreasonable…You won’t maximize the other 20k bonuses available, but you’ll still get CP and 110k miles.

Ian Pearson
Ian Pearson

Regarding applying to two cards to get the companion pass, I recall seeing a post a while ago about Chase limiting issuing cards to one brand per person. Does anyone else remember the details on this, or perhaps I’m confusing this with another restriction.

Edit: looks like this is mentioned already in the above message. Sorry for the confusion!

MickeyMouse
MickeyMouse

He mentioned 2 cards because you can still get a personal and business card. 🙂

Rahul Agarwal
Rahul Agarwal

Any tips on how to get approved for a business card?

MickeyMouse
MickeyMouse

Depends if you have an actual business use that information, if not you can claim sole prop in some states and use SSN. A lot of people sell on eBay and put sole prop.

Rahul Agarwal
Rahul Agarwal

Cool.. really helpful. Repped.
I have $7K in eBay sales this year.. does that help? If I can add sales from my wife’s account, it will be more than $10K. Do you think this is sufficient?

Jeremiah
Jeremiah

That’s more than sufficient. Are you not filing a Schedule C every year for your business?

Rahul Agarwal
Rahul Agarwal

I started this year and just sold some Kindles and iPhones TY on ebay.. Will check if I am required to.

Taylor G Majerus
Taylor G Majerus

I’m no tax attorney, but if you did $7k in sales, then yes, I’d say you are required to. I’d check out the book Home Business Tax Deductions by Eastman. He is a tax attorney, and has great tips to minimize tax liability. Also check out Section 179 of the tax code ;).

Rahul Agarwal
Rahul Agarwal

Thanks

pato
pato

Terrible offer. you basically spend an extra 11k to get 20,000 points which are valued at $300. reutrn on spend is 2.7%

John
John

But you also get the 11K points u spent! So 31K?

MickeyMouse
MickeyMouse

Is a 2.7% return bad?

My typical return is 1.5% on FU which can be transferred to a partner for about 1.5x increase in value getting a 2.25% return total.

Or just a straight 2% Card return.

Both ways 2.7% is much better.

Also if you get both the Personal and Biz versions of the card you’re only spending 15k total, you get 135k Points plus a Companion Pass.

Which is more than a 13% Return if you don’t factor the Companion Pass.

With it I would double that valuation easily.

Barry
Barry

I’d say it’s more like a 4.2% return. 11k spent = 31,000 rapid rewards.

John
John

Is it worth churning these? Getting the 60K for the biz card then cancelling?

MK
MK

Hi DoC, thanks for sharing. Under card details there is a typo error as the Priority earns 7,5000 (its 7500) anniversary bonus 🙂

Mike
Mike

Just closed my SW personal in Sept would it be bad to apply for the business now?

MickeyMouse
MickeyMouse

If you’re under 5/24 you’re good to go especially since it’s been over 30 days 🙂

Mike
Mike

Thanks

pkk101
pkk101

This doesn’t really change the CP situation (via CC bonuses) – you still need 40k+60k bonus, plus 10k points from spend. If you get to the 12k for the bonus on the personal card, that’s great, but not necessary. The decision you’re really making if you want to achieve this purely through credit cards is:

Once you have done:
63k (60k bonus+3k spend) SW Biz
47k (40k bonus+7k spend) SW personal
for CP, do you want to put an extra 5k on the personal card for 25k (20k bonus, 5k spend) miles. The answer is probably yes for most of us during the first year of having the card.

Frank Rizzo
Frank Rizzo

I’ve been thinking the exact same thing. Just too lazy to attempt to explain it.

MarcoPolo
MarcoPolo

Time to cancel my SW CC

Prasanna
Prasanna

With the business and a lower annual fee personal card, we have to put $16k spend to get the companion pass. They really are making us work, don’t they?

MickeyMouse
MickeyMouse

It’d be 15k which isn’t bad I could do that Spend in 2-3 days MS’ing :p For those who don’t it may be difficult. But since the timeframe for the extra 20k is a year that’s only 1k a month spend you can even use Plastiq to pay rent/mortgage or other bills so definitely not too crazy for non-MS people.

Shyam
Shyam

With the business and personal version, 10k spend is enough for the 110k points for the companion pass within the first 3 months. And if you spend additional 5k within the remaining 9 months, you get additional 20k points.

10k spend – 110k points (first 3 months)
15k spend – 135k points (first 12 months)

beat2def
beat2def

Anyway to bypass the 5/24 if you apply with a paper application notarized by a stewardess after flying with Southwest?

Abey
Abey

Hey William Charles I tweeted this to you …

William Charles

Chuck beat me to it!

Sean
Sean

Does anyone know if I would reduce the number of hard pulls to my credit, if I apply for multiple SW cards within a certain period of time? I am working towards a companion pass and will be getting a business and personal card. Applied/approved for business today, and wondering if I quickly apply for a person, it would only use one hit?

DL
DL

When I applied for the personal card and the business card last month it was 2 hard pulls even though I did both within 15 minutes of each other

Mehertz
Mehertz

The important question here is whether the higher 50K offer is still available in-flight. That is definitely the better option to go rather than trying to meet a huge MSR.

Bret
Bret

it was as of sunday

Jeremiah
Jeremiah

That’s my question. I got the business version last month with the intention to get the 50k in-flight offer when I’m taking a SWA flight next week. If they axe that and replace it with this offer it’s a big bummer for me.

MickeyMouse
MickeyMouse

I took a SW flight over the weekend and the only 50k Offer in flight was for the Priority Card which was a really low offer IMO since it was at 65k previously. The plus and premier were not shown.

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