A quick heads up to let you know about this potential change. Last week I saw DoC post which indicated that the sign-up bonus on Southwest co-branded credit cards will be reduced to 50K points tomorrow (June 29th). It’s 60K points now.
I haven’t seen any official confirmation from Chase aside from message on Facebook, so I’m not sure if this offer will be reduced as indicated. It could be nothing more than hype. I have seen some readers mention that they got targeted offers via email which had an August expiration date. So, use your own judgement on this one.
One thing I’m determined NOT to do on my blog is create a false sense of urgency. You’ll rarely find “Get it now! Ends soon!” verbiage and if you do, you know I mean it. You will not see me apologizing for nudging folks to apply for 100K points offer on Chase Sapphire Reserve (now expired), assuming they could handle minimum spending.
So, if you were planning to apply for one of Southwest cards anyway, you may want to do it today, just in case. You can find details on all three offers in my Hot Deals page (scroll to “mileage bonuses” section). Obviously, the most coveted prize is the Companion Pass which will allow you to take someone with you for free on any Southwest-operated flight. You’ll find details on it there as well. If you decide to support the site via your application link, we truly appreciate it. Be aware, all three cards are subject to Chase 5/24 rule.
Should you apply for one (or two) Southwest cards now?
It really depends on your situation. Obviously, getting 60K points is better than 50K, but then again, there are so many other good offers on the market right now. I recommend you take a look at Merrill +Visa Signature card, Wells Fargo Propel World and possibly Delta cards, in that order. Keep in mind that the bonus on The Hyatt credit card is also changing tomorrow, but it’s very much a niche offer. I absolutely would pass on it unless you have a solid plan in mind.
So, as usual, it comes down to your plans. If you are a rabid Southwest fan and you are sure that you can get huge value out of Companion Pass, by all means, consider applying for personal and business Southwest cards. As of now, the points earned from sign-up bonus count towards Companion Pass, but that may change down the road.
Rest assured, good offers come and go, and chances are, this one will come back at some point. So no, I’m not saying “Get it now! Ends soon!” Not this time.
Leana is the founder of Miles For Family. She enjoys beach vacations and visiting her family in Europe. Originally from Belarus, Leana resides in central Florida with her husband and two children.