To qualify for the Companion Pass, you'll need to earn 125,000 qualifying Southwest points in a calendar year. Points earned from the Southwest Rapid Rewards® Premier Business Credit Card's 60,000-point sign-up bonus count toward that total.
Chase does have some specific application rules for Southwest cards. ... And you'll be allowed to have both Southwest business cards at the same time. So if you have or have had the Southwest Rapid Rewards® Premier Business Credit Card, you can still apply for the Southwest Performance Business card.
For the Southwest credit cards, you have the best approval odds with a minimum 670 credit score. This score is the start of “good credit”, the second-best credit score tier. The best rating — excellent credit — typically starts with a 740 credit score.
Anyone can be your companion
After you set your initial companion, you can change it three times in 2021 and then three times in 2022. This means you can have up to seven different people fly with you on the pass over the years.
On an ongoing basis, the card is worth it as well. It has a $199 annual fee but offers 9,000 points per year (which I value at ~$120), plus four upgraded boardings per year, an incredible Wi-Fi benefit, and more. This card should pay for itself for anyone who flies Southwest with any frequency.
As long as you continue to meet our credit criteria, your new card will arrive within 7 to 12 business days after the upgrade is approved. You will also receive new cards for any authorized users on this account within 7 to 12 business days.
Southwest Rapid Rewards redemption options
| Average point value | Value of 40,000-point sign-up bonus | |
|---|---|---|
| Anytime fare | 1.1 cents | $440 |
| Business Select fare | 0.9 cents | $360 |
| $100 gift card | 1 cent | $400 |
| $50 gift card | 0.83 cents | $332 |
Southwest Points Value Calculator
| Southwest Points | Cash Value |
|---|---|
| 30,000 Points | US $390 |
| 50,000 Points | US $650 |
| 75,000 Points | US $975 |
| 100,000 Points | US $1,300 |
The number of points you need for a free flight on Southwest Airlines can be anywhere between 6,600 and 58,000 for a one-way economy class ticket in high season.
What is the 5/24 rule? Many card issuers have criteria for who can qualify for new accounts, but Chase is perhaps the most strict. Chase's 5/24 rule means that you can't be approved for most Chase cards if you've opened five or more personal credit cards (from any card issuer) within the past 24 months.
The best credit card for a 550 credit score is the OpenSky® Secured Visa® Credit Card. There's no credit check when you apply, so approval is almost guaranteed. You just need $200 for a refundable security deposit and enough income to make monthly payments.
Best credit cards if your FICO score is 600 to 649 overview
| Credit Card | Best For |
|---|---|
| Capital One Platinum Credit Card | Rebuilding credit |
| Secured Mastercard® from Capital One | The lower end of fair credit |
| OpenSky® Secured Visa® Credit Card | Those with little to no credit |
| Discover it® Secured | Cashback rewards AND building credit |
Yet No Comments