New 100,000 Southwest bonus offer, but is right for you?

The 75,000 Southwest bonus offer is over and if you took advantage then good for you. And if you are trying to earn the Southwest companion pass, then this next offer may be one you want to jump on. The companion pass is a buy one, get one FREE on any Southwest flight for up to two years. It is hands down one of the best perks around. If you are not trying to earn the pass, this may be a good offer OR maybe not. 

New 100,000 Southwest bonus offer

This week, Southwest launched a new 100,000 bonus offer on its Performance Business credit card. BUT here's the deal. You get 70,000 points if you spend $5,000 in the first three months of having the card. Not too bad. Of course, the annual fee is $199 and it is not waived the first year. You get 9,000 points on your anniversary, but no Southwest airline credit like the Priority card. You do get 4 upgraded boarding passes. 

To earn the additional 30,000 bonus points, you must spend another $20,000 in the first six months. Ouch. When all is said and done, you will have a total of at least 125,000 Southwest points which will qualify you for the companion pass. But you will have to spend $25,000 on the card in six months. 

Now for some businesses, and yes, this is a business card, that's small potatoes, but for others, it may be a stretch. 

If you have a big expense coming up and you already have a Southwest personal card (you can only hold one personal card at a time) or you are over Chase 5/24 rule, the Performance business card might be a good option. 

The other possibility is that if you already have a personal card or if you apply for this card and a personal card to earn the companion pass, then paying the annual fee for the bonus points may be worth it. Even if you don't spend enough to get the 30,000 bonus, a 70,000 bonus is nothing to sneeze at. 

If you don't have a personal Southwest card yet, we review the offers here so you can decide which one is best for you. The current offer is 40,000 Southwest points for a $1,000 minimum spend. And if you decide to apply for any of the cards, please use our referral link and support this blog. 

That's how we do it at almost FREE family travel.