Chase Southwest Premier: Speed Your Way Toward the Southwest Companion Pass – And Earn ~$900 in Free Travel While You’re at It!

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Chase Southwest Premier: Speed Your Way Toward the Southwest Companion Pass – And Earn ~$900 in Free Travel While You’re at It!

Joseph HostetlerChase Southwest Premier: Speed Your Way Toward the Southwest Companion Pass – And Earn ~$900 in Free Travel While You’re at It!Million Mile Secrets Team

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The Southwest Rapid Rewards® Premier Credit Card is a key credit card if you’re trying to earn the best deal in travel, the Southwest Companion Pass.

With a welcome bonus of up to 60,000 Southwest points (worth ~$900 in travel) after meeting tiered minimum spending requirements, you’ll have enough points to hop all over the country.  Or down to the Caribbean or Central America!

You can apply for the Chase Southwest Premier card here.

Fly to Costa Rica for Nearly FREE With Southwest Points!

Chase Southwest Premier Review

Apply Here:   Southwest Rapid Rewards® Premier Credit Card

If you fly Southwest often, or if Southwest serves your home airport, you’ll get Big Travel from the Chase Southwest Premier.  And if you’re earning points towards the valuable Companion Pass, the sign-up bonus will help you tremendously!

With the Chase Southwest Premier, you’ll earn 60,000 Southwest points after meeting tiered spending requirements:

  • 40,000 Southwest points after spending $1,000 on purchases in the first 3 months of account opening
  • 20,000 additional Southwest points after spending $12,000 on purchases in the first year

How to Earn Points With the Chase Southwest Premier

It’s easy to earn points with the Chase Southwest Premier!  You can earn points in 3 ways:

  • 2 Southwest points per $1 on Southwest flights, as well as hotel and car rental partner purchases
  • 1 Southwest point per  $1 on every other purchase
  • 6,000 Southwest points every cardmember anniversary

How to Use Your Points

Southwest award prices are based on the cash price of the ticket.  That means NO blackout dates!  You can reserve an award flight as long as there’s a seat for purchase.

Southwest points are on average worth ~1.5 cents each (it can be higher or lower).  So with the 60,000 Southwest points you’ll earn from this card’s sign-up bonus, you can expect to receive a value of ~$900.

To use your points, make sure you’ve selected the “Points” box in the top right of the Southwest website.  “Wanna Get Away” fares are the biggest bang for your points.

Click the Points Button to See How Much the Flight Costs

Southwest has an insanely generous cancellation policy.  If you need to change a Southwest flight you reserved with either points or money, you can modify it for zero fees with Southwest.  And if you need to cancel, the points or money you spent on the flight will be deposited into your Southwest account for future use.

You’ll always get 2 free checked bags and free cancellations and changes with any fare.

Benefits of the Chase Southwest Premier

Southwest Companion Pass

The Southwest Companion Pass is one of the best deals in travel.  And the Chase Southwest Premier can do wonders to help you achieve it!

3 For 1 Flights For 20 TOTAL Thanks To The Southwest Companion Pass And A Lap Child Baby Arya
Emily, Alfy, and Arya Use the Southwest Companion Pass Often

You’ll qualify for the Southwest Companion Pass after earning 110,000 Southwest points in a calendar year.  And the 60,000 point welcome bonus counts towards that number!  Many folks earn the Companion Pass by opening 1 personal and 1 business Southwest card and meeting minimum spending requirements.  But remember, all of the Southwest cards are subject to the Chase “5/24” rule.  And you can only have 1 personal Southwest card at once.

After you earn the Companion Pass, a friend or family member can travel with you on paid and award flights for just the cost of taxes and fees.  This can easily save you hundreds of dollars per flight.

6,000 Southwest Points Annually

Each year on your cardmember anniversary, you’ll receive 6,000 bonus Southwest points!

Is the Chase Southwest Premier Worth the Annual Fee?

The annual fee is $99 and is applied during your first billing statement.

But you’ll receive 6,000 points every cardmember anniversary.  Because those points are worth ~1.5 cents each toward Southwest flights, you can be confident you’ll receive ~$90 in value from those points (1.5 cents per point X 6,000 points per anniversary).  So with that perk alone, you’re essentially almost negating the annual fee.

6,000 Points Is Almost Enough for a Round-Trip Flight From My Home Airport in Cincinnati to Chicago

That said, this card doesn’t offer many super helpful benefits compared to other cards.  Even if you fly Southwest a lot and would get a great value from the 2 Southwest points per $1 on paid tickets, you can accomplish the same earning rate from the Chase Sapphire Preferred (which everyone should have).  That’s because you can transfer Chase Ultimate Rewards points from cards like the Chase Sapphire Preferred to Southwest at a 1:1 ratio.

Does the Chase Southwest Premier Have a Foreign Transaction Fee?

No!

Who Is Eligible for the Chase Southwest Premier?

The Chase Southwest Premier card is subject to Chase’s strict application rules.

Chase will NOT approve you for most of their cards if you’ve opened 5+ cards from any bank (NOT counting Chase business cards and certain other business cards) in the past 24 months.

Another important note is that it’s no longer possible to have more than one personal Southwest card at the same time.  But you can still get a business and a personal card!

Cards Similar to the Chase Southwest Premier

1.   Ink Business Preferred

Apply Here:   Ink Business Preferred℠ Credit Card

Read our review of the Chase Ink Business Preferred

With the Ink Business Preferred, you can earn 80,000 Chase Ultimate Rewards points after you spend $5,000 on purchases in the first 3 months of opening your account.  And because you can transfer Chase Ultimate Rewards points to Southwest at a 1:1 ratio, that’s like having 80,000 Southwest points!

With 80,000 Southwest Points, You Could Take Your Partner on a Surprise Trip to Jamaica and Propose in Front of Dunn’s River Falls

This card also comes with benefits like:

  • 3X Chase Ultimate Rewards points for every $1 you spend on travel, shipping purchases, internet, cable and phone services, advertising purchases made with social media sites, and search engines (up to a maximum of $150,000 in combined purchases per account anniversary year)
  • 1X Chase Ultimate Rewards points on all other purchases
  • Up to $600 in cell phone insurance when you pay your cell phone bill with the card
  • 25% bonus when you redeem points through the Chase Ultimate Rewards travel portal
  • Primary auto rental insurance when renting for business purposes, plus purchase and extended warranty protection

This card is fantastic for small business owners.  It’s our TOP small business card recommendation because of its solid benefits and points earning rate.  And it’s the highest public sign-up bonus we’ve seen for a Chase small business card.

2.   Other Chase Southwest Cards

Apply Here:   Southwest Rapid Rewards® Plus Credit Card

Read our review of the Chase Southwest Plus card

 

Apply Here:   Southwest Rapid Rewards® Premier Business Credit Card

Read our review of the Chase Southwest Premier Business card

Apply Here:   Southwest Rapid Rewards® Priority Credit Card

Read our review of the Chase Southwest Priority card

 

There are other Chase Southwest cards to consider, each with nice welcome bonuses that can boost your Southwest point balance and help you earn the Companion Pass:

Bottom Line

The Chase Southwest Premier comes with up to a 60,000 Southwest point bonus after meeting tiered spending requirements:

  • 40,000 Southwest points after spending $1,000 on purchases in the first 3 months of account opening
  • 20,000 additional Southwest points after spending $12,000 on purchases in the first year

That’s worth ~$900 or more in Southwest flights!  Plus, it’s a great way to get closer to earning the coveted Southwest Companion Pass.

If you fly Southwest, you’ll have no trouble getting great value from this card.  Just remember that other cards, like the Chase Sapphire Preferred, earn points that transfer to Southwest.  And have better all-around benefits!

You can apply for the Chase Southwest Premier card here.

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Southwest Rapid Rewards® Premier Credit Card

Southwest Rapid Rewards® Premier Credit Card

  • Earn 40,000 points after you spend $1,000 on purchases in the first 3 months your account is open. Plus earn 20,000 points after you spend $12,000 within your first year.
  • 6,000 bonus points after your Cardmember anniversary
  • 2 points per $1 spent on Southwest® purchases and Rapid Rewards® Hotel and Car Rental Partner purchases
  • 1 point per $1 spent on all other purchases
  • Earn unlimited points that don't expire as long as your card account is open
  • No foreign transaction fees
  • No blackout dates or seat restrictions, Bags fly free® and no change fees
  • Redeem your points for flights, hotel stays, gift cards, access to events and more

More Info

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! :)

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I don’t have it. I don’t plan to get it…yet. The companion pass is awesome for those who can use it. Right now we are waiting on employment options and I don’t want to get the pass if we won’t be able t use it the next couple of years. So I’m waiting till we know what we are doing with work!

I have had the Chase Southwest Premier card for several years.

I don’t have it now but plan on getting it soon!

I don’t have the Southwest Premier card but I will get it once I get below 5/24.

I am working towards getting my Chase Southwest Premier card! A few more months and I will be less than 5/24! Whew!

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