As reported by Million Mile Secrets and confirmed by me with JP Morgan Chase Bank, the card issuer is now restricting the Southwest credit cards to just ONE personal card per person.

Previously, so long as you were approved, you could hold TWO personal Southwest credit cards.

The new credit card terms state:

“The product is not available to either (i) current Cardmembers of any Southwest Rapids Rewards® Credit Card, or (ii) previous Cardmembers of any Southwest Rapid Rewards Credit Card who received a new Cardmember bonus within the last 24 months. This does not apply to Cardmembers of the Southwest Rapid Rewards Business Card and Employee Credit Card products.”

Southwest Rapid Rewards Credit Card

This means it’s going to be slightly tougher to get the Southwest Companion Pass, which requires you to earn 110,000 qualifying Southwest points within ONE calendar year.

Up till now, you could apply for TWO Southwest Rapid Rewards credit cards — either two personal or one personal and one business. These would earn you at least 40,000-60,000 points per card approval after you met the minimum spend.

Now we are limited to one personal and one business card if you want to earn the majority of your Southwest Companion Pass points through card sign-ups.

The new restrictions also mean you can’t get the sign-up bonus for a Southwest personal card if you’ve received the bonus for EITHER personal card within the last 24 months. That means you can’t apply for one personal card, get the bonus, cancel it and then apply for the other and get its bonus.

UPDATE: Doctor of Credit is reporting these two links are still live if you want to try for a 50,000-point bonus and he says they, at last check, did not state the new terms above about a limit of one personal card at a time if you’d like to try. But double-check the Offer Details and Terms and Conditions before applying in case they update it:

Doctor of Credit also says that according to a reliable source Southwest is going to introduce a new premium card later this year with a sign-up bonus that when paired with the current card offer would be enough to earn the Southwest Companion Pass.

Getting Approved for a Business Card

But, the good news is that it’s not that hard to get approved for a business card. All you need to do really is have some side income like:

  • Driving Uber or Lyft
  • Babysitting
  • Dog walking
  • Mowing grass
  • Consulting
  • Freelancing
  • Selling items on Etsy
  • Selling goods at crafts fairs
  • Selling sewing machines on eBay!
  • Selling anything on Amazon or eBay!

Do this and then apply for an Employer Identification Number (EIN), an easy task to do online, through the U.S. government. This paperwork is usually enough to get you approved for a business card. Chase usually wants to see your name and the business name on the same official document.

Right now the business card seems to still be at 60,000 points upon approval and meeting the minimum spend, so it’s a great deal.

There Are Other Ways!

Additionally, I have managed to earn the Companion Pass the last two years without applying for any new Southwest cards. Here’s how I did it last year.

Finally, keep in mind that you can cancel your current Southwest cards and apply for new ones. So, you could cancel the current Southwest personal card you hold (either Plus or Premier) and then apply for the OTHER ONE to get the bonus points so long as you have not earned the bonus points on a personal card in the last 24 months.

What do you think about this news?


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