The Southwest Companion Pass -What is it, Why you want it, and How to get it.

What is the Southwest Airlines Companion Pass?

Basically, the Southwest airlines Companion Pass is a level of status within Southwest’s Rapid Rewards program that allows the holder to bring their designated companion on any flight with them for free (plus taxes starting at $5.60). This is a buy-one-get-one-free pass wherever Southwest flies, even international flights (taxes are higher for these flights, but it is still an amazing deal). But wait, it gets better! Your flight can even be booked on points, and your companion can join you just for taxes. The Companion Pass also lasts for the entire year in which you earn PLUS the following year. That means if you time it right, you can get almost two years of BOGO flights from one pass!

Why you should want your own campanion pass

Being able to bring a friend, spouse, child, etc. on any flight for free is a game changer. It opens up the entire US for weekend getaways since the cost is now so cheap. Living in Colorado makes this great for us. Southwest has (at last count) 77 different destinations from Denver. But even if you don’t live in a major Southwest hub, you are still one stop away from dozens of destinations.

Southwest Airlines destinations

We’ve also used Southwest to connect us to international gateway airports for award flights. Sometimes either the award your booking doesn’t allow you to connect to your home airport, or there isn’t availability. That’s where Southwest and the Companion Pass can step in. You can now build you own connection before or after your award trip to make your award trip complete.

How to get your companion pass

Now for the hard part. It does take a little work to get your own Companion Pass, but I do mean a little. You’ll need to earn 125,000 eligible Southwest Rapid Rewards points in one calendar year. That may seem like a ton, but it is well within reach. 2021 will mark the eighth consecutive year my family has held a Companion Pass. All of those passes were almost entirely due to accruing credit card points. Almost all points you earn with Southwest are eligible for a Companion Pass. The main exceptions are points transferred in from outside programs (Chase Ultimate Rewards and hotel loyalty programs). What IS eligible is more important. Points earned from paid flights, using their shopping or dining programs and points earned from their Rapid Rewards Credit Cards. The last one is the major way to earn them because sign-up bonuses also count towards your Companion Pass!

Our 2020/2021 Companion Pass

The current bonus on the personal cards will earn you 80,000 points and the business cards will earn you 100,000. We’ve always earned the pass by combining one business card sign-up with one personal card sign-up bonus, when the bonuses were much lower. Now by completing one sign-up bonus along with a few partner offers you could get your companion pass much easier. Once you’ve earned your Companion Pass, the points are still yours to keep and use for flights. Since the points are worth about 1.5 cents each, you’ll have about $1875 in points with which to book flights. If you always fly with your companion you’ll have an astounding $3,750 in free flights!!!

Timing your companion pass

As I stated earlier, your Companion Pass is valid for the year in which you earn it and for the entire following year. By earning the pass early in 2021, you would have it all the way through 2022. If you sign up for both the Performance Business card and any of the personal Rapid Rewards credit cards, and then meet the minimum spend for just the first tier on both cards early in 2021, you would have your companion pass for almost two full years. This is how we plan our pass every two years, alternating between myself and my wife for the past eight years. It is best to apply for the “Performance” business card first, then any of the personal cards (we recommend the Priority version for its annual perks). As always, we would love it if you used our links to support the blog. All versions of the Chase Rapid Rewards credit cards can be found here.

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By completing the first tier of the Performance Business credit card ($5,000 in spend in three months) you will receive 70,000 points. Any of the personal cards will award you an additional 50,000 points (after spending $2,000 in three months). Combined you’ll get 120,000 points in bonuses and at least 7,000 more points for the spend on the cards. You’ll then have your Companion Pass for the rest of 2021 and all of 2022. You’ll also have at least 127,000 points to spend on flights. Even with the current lack of travel, there is a lot of hope that things will return later in 2021, and you’ll still have all of 2022 to use the pass.

What is the first place you want to fly, once you feel it is safe to do so? Let me know in the comments!

What I Love About Chase Ultimate Rewards

When people ask advice about starting in travel hacking, I almost always recommend they start with Chase Ultimate Rewards (UR).  Our clients and ourselves have taken some amazing bucket list trips using UR. Let’s take a quick look at why people should almost always start here.

Chase Ultimate Rewards are easy to obtain

There are seven main cards (four business and three personal) to gain Ultimate Rewards, including four without annual fees.  Sign-up bonuses alone could get you over 300,000 points!  For the personal cards, they include the Chase Sapphire Preferred or Chase Sapphire Reserve (these are basically sister cards, you can only hold one at a time and they have similar benefits), Chase Freedom Flex and the Freedom Unlimited

Chase Personal Cards

On the business end there are the three Ink Cards; the Ink Business Preferred, the Ink Business Unlimited and the Ink Business Cash.  In order to fully unlock the value in these points, you will need the Ink Business Preferred or either the Sapphire Preferred or Sapphire Reserve (we will get into this in just a bit).

Chase Ultimate Rewards Business Cards

With the right combination of cards you can really maximize your ongoing spend as well.  You will be able to earn a minimum of 1.5 points per dollar on any purchase up to a maximum of 5 points/dollar!  Depending on how you use these points, that could be a value of 3-10 cents back in travel for every dollar spent (I value UR at 2 cents a point).  Between my wife and I, we have 12 different Ultimate Rewards cards to help us rack up UR points each and every month.

Chase Ultimate Rewards are easy to redeem

While the Freedom, Freedom Unlimited, Ink Cash and Ink Unlimited are billed as cash back cards with points worth one penny each, if you have either of the premium Sapphire cards and/or the Ink Business Preferred their potential is much higher.

With a premium card they are worth either 1.25 (Sapphire Preferred and Ink Preferred) or 1.5 (Sapphire Reserve) cents per point.  This is when you redeem for travel through Chase’s own travel portal.  Through the portal you can book flights, hotels, rental cars, and even cruises or tours.  While this is nice, it is always the bare minimum for which you should redeem them.  But if you want simplicity, it doesn’t get any easier than this.

Chase Ultimate Rewards has some great partners

The real value with UR (as well as any transferable points) is with their transfer partners.  Points can transfer to 10 different airlines all at a 1:1 rate.  They are Aer Lingus, British Airways, Air France/KLM, Emirates, Iberia, JetBlue, Singapore Airlines, Southwest Airlines, United Airlines and Virgin Atlantic.  Each of these programs provides value in different ways ranging from cheap domestic flights to outlandish international premium redemptions.  Personally, we’ve booked using United, British Airways, Singapore, and Southwest.  I’ve also used the others to help clients book amazing trips. 

Chase also has three different hotel partners; Hyatt, IHG and Marriott.  Out of these three the only one I would transfer to is Hyatt.  The other two will most likely cause a loss in value by transferring rather than booking through the portal.  Using Hyatt points we have helped our clients book $850+/night rooms for 30,000 points, a value of over 2.8 cents per point!

All 13 of Chase’s Transfer Partners

Why Ultimate Rewards to Start

Chase Ultimate Rewards are the best points for beginners, because of their ease of use.  Between the travel portal or some of the simpler transfer partners, it is almost always easy to get great value out of the points.  United may not have the best value for transferring, but they have an easy to use search tool and low taxes and fees on flights for themselves and their partners.  Southwest and JetBlue are fixed value and extremely easy to redeem.  They also have the only truly useful hotel transfer partner, Hyatt.  Some of their foreign airline partners are where you can really find crazy value.  These redemptions are always a little more difficult to unlock, which is where Peak Award Booking can help.  Through the month of June, we are offering half-off all award bookings to help you get your amazing trip planned and booked! 

How to start collecting Ultimate Rewards

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The first card I recommend to beginner travel hackers is the Sapphire Preferred. It is the best way to get your feet wet and get you on your first rewards based trip. The current sign-up bonus is 100,000 points after $4,000 spend in the first three months (the $95 annual fee is not waived the first year). These 100,000 points would be enough for three nights at some of the nicest hotels in the world (values of over $1,000 per night), a round-trip business class flight to Europe, or $1,250 in travel on Chase’s travel portal. If you would like your own personalized plan, based off of your goals and individual circumstances, please reach out to us and we will develop your own very own credit card application strategy.

If you are a Chase Ultimate Rewards expert, what were your favorite redemptions?  Share in the comments below