Chase must have the ability to read my mind. I was literally getting ready to call and cancel my Chase personal Southwest Visa that I have had for 2 years when I received a generous upgrade offer for the card.
I intended to cancel the personal Southwest Visa because I was recently approved for the Chase Southwest Business Visa which put me over the hump for next year’s companion pass. My personal Southwest Visa was currently offering 3000 Southwest points as an anniversary bonus each year worth approximately 50 USD in Wanna Get Away Fares at an annual fee of 69 dollars, a net cost of around 20 USD per year with little other benefit to me.
Fortunately the new offer changes the benefit of the card to 6000 Southwest points each year worth approximately 100 USD in Wanna Get Away Fares at an annual fee of 99 USD, a break even in my book. They have also eliminated Foreign Transaction Fees. In addition to the new terms, I also receive a 1500 point bonus for accepting the offer which amounts to a 25 USD bonus for staying on. It is not life changing, but hey, free points are free points.
I know I will easily spend 100 dollars on Southwest per year so this now becomes an easy card to hold on to. Combined with the Business card, I now receive 12000 Southwest points each year which are also Companion Pass Qualifying Points.
I have never proactively received an upgrade bonus on a Chase card before so this was a welcome surprise.