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Open This Best Airline Credit Card to DOUBLE the Value of Your Chase Ultimate Rewards Points

  • Joseph Hostetler

    • Signing up for credit cards through partner links earns us a commission. Terms apply to the offers listed on this page. Here’s our full advertising policy: How we make money.

    Update: One or more card offers in this post are no longer available. Check our Hot Deals for the latest offers.

    Let’s cut to the chase.  The best airline credit card offer comes courtesy of Southwest.

    All 3 Southwest personal credit cards have spanking new limited-time offers until February 11, 2019.  You’ll earn 30,000 Southwest points and a Southwest Companion Pass after opening and meeting the spending requirements on:

    The best part is that opening one of these credit cards can make your Chase Ultimate Rewards points worth 3+ cents each toward Southwest flights!

    Southwest Flies to Lots of Fun and Beautiful Places, Like Grand Cayman!  The Limited-Time Offer on the Chase Southwest Cards Can Effectively Double the Value of Your Chase Ultimate Rewards Points If You Use Your Companion Pass

    The Best Airline Credit Card Offer Doubles the Value of Your Chase Ultimate Rewards Points

    You can use Chase Ultimate Rewards points to reserve flights in a few ways:

    Most often, the third option will save you the most money.

    One of my (and the Million Mile Secrets team’s) favorite Chase transfer partner is Southwest.  Not only do they fly to tons of fun destinations all over the US and Caribbean (and Hawaii is coming soon!), but they also have UNHEARD-OF friendly policies, like:

    Each Southwest point is generally worth at least 1.5 cents toward flights on Southwest (though I find I’m usually getting a value of ~1.8 cents)  So therefore, your Chase Ultimate Rewards points are worth at least 1.5 cents each when you transfer them to Southwest.

    The Southwest Companion Pass Boosts Your Points Value

    However, when you sign-up for one of the following cards and spend $4,000 on purchases in the first 3 months of account opening …

    … you’ll earn 30,000 Southwest points AND the holy grail of free travel, a Southwest Companion Pass!  These offers are valid through February 11, 2019.

    The Southwest Companion Pass you’ll earn allows a friend or family member to travel with you for just the cost of taxes and fees (~$6 one-way on domestic flights) whenever you travel on Southwest until the end of 2019.  It doesn’t matter if your flight is booked with points or paid for with cash – your companion flies for almost free.  Even if you fly every single day!

    In other words, If you have a travel companion, your points will be worth twice as much!  Because you’re getting 2 tickets for the price of 1.  So when you transfer your Chase Ultimate Rewards points to Southwest, you’ll receive a value of ~3 cents per point (double the normal value of ~1.5 cents).

    Receiving a value of 3 cents per point is really good.  To put it in context, here’s what you’ll earn with Chase Ultimate Rewards points earning cards:

    Imagine an effective 9% return for your purchases!

    Just understand that this math only works out if you use your points with Southwest.

    Bottom Line

    The Southwest Companion Pass lets you bring a travel buddy for free as often as you fly Southwest.  And you can earn a Companion Pass valid through the end of 2019 by opening any of the Chase Southwest personal credit cards and meeting minimum spending requirements.  That offer ends February 11, 2019.

    You can transfer your Chase Ultimate Rewards points to Southwest at a 1:1 ratio.  Southwest points are generally worth at least 1.5 cents each toward Southwest flights.  So if you have a Companion Pass that allows you to bring a partner for just the cost of taxes and fees, you’re effectively doubling the value of your points!  Which means for every Chase Ultimate Rewards point you transfer to Southwest, you’re getting a value of ~3 cents.  That’s huge.

    Let us know if you plan to earn the Southwest Companion Pass with this new offer from Chase and Southwest!

    And to stay on top of miles & points deals as they come and go, subscribe to our newsletter.

    Editorial Note: We're the Million Mile Secrets team. And we're proud of our content, opinions and analysis, and of our reader's comments. These haven’t been reviewed, approved or endorsed by any of the airlines, hotels, or credit card issuers which we often write about. And that’s just how we like it! :)