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Beginning Jan. 9, 2020, all three Southwest credit cards are giving higher spenders the ability to nearly double their sign-up bonus.
The Southwest Rapid Rewards® Plus Credit Card, Southwest Rapid Rewards® Premier Credit Card and Southwest Rapid Rewards® Priority Credit Card now offer this to new cardholders: Earn 40,000 points after you spend $1,000 on purchases in the first 3 months your account is open..
You can earn either or both bonuses, which would work in the following ways:
Spend $1,000 in the first three months, earn 40,000 points, and stop there, forgoing the additional 35,000 points.
Don’t spend enough in the first three months to get the 40,000 points, but catch up and spend $5,000 in the first six months and earn 35,000 points.
Spend $1,000 in the first three months, earn 40,000 points, and then spend $4,000 more by the six-month mark and earn 35,000 more points, for a total of 75,000.
Previously, you could earn 40,000 points after spending $1,000 in the first three months, with no additional bonus after that.
While the three cards share the same welcome offer and rewards earning rate, there are a few key ways in which they differ, including annual fees and anniversary bonuses. But that's not all:
The points you earn from the sign-up bonus count toward Southwest’s much-loved Companion Pass. This is especially helpful now that the points requirement for the pass has increased. As of January 2020, you now must rack up 125,000 points in a calendar year, up from 110,000 points, to get your hands on one. (You can also get a Companion Pass after flying 100 qualifying one-way flights in a calendar year.)
The Companion Pass allows you to choose one person to fly with you for free (plus taxes and fees, which start at $5.60) every time you buy your own ticket with cash or points. The Companion Pass is good for the remainder of the year you earn it, plus the full calendar year after that. You can change the name of your companion up to three times in a calendar year.