For customers who fly primarily with Southwest Airlines, the Southwest Rapid Rewards Premier Visa credit card from Chase offers a lucrative rewards system with points that don’t expire. Cardholders can easily earn back the $99 annual fee by redeeming their points for free flights, hotel stays, gift cards and more.
If you’re shopping for a new airline credit card, find out if this Southwest credit card is right for you.
|Southwest Rapid Rewards Premier Card at a Glance|
|APR||17.74 percent to 24.74 percent, depending on creditworthiness|
|Introductory Offer||Earn 40,000 Southwest points after spending $1,000 within the first three months|
|Foreign Transaction Fee||None|
|Late Payment Fee||Up to $37|
|Returned Payment Fee||Up to $37|
|Rates accurate as of Sept. 24, 2018.|
What You Need to Know About the Southwest Rapid Rewards Premier Credit Card
As long as your Southwest Airlines credit card is open or you have qualifying activity within 24 months, Rapid Rewards points don’t expire.
Also, each $10,000 in purchases — up to $100,000 annually — equals 1,500 tier qualifying points. By earning 35,000 tier qualifying points, you can qualify for “A-List Status,” which comes with perks like priority boarding and check-in, 25 percent additional Rapid Rewards points for each flight, complimentary same-day standby and a dedicated phone line.
Southwest Airlines Rapid Rewards Credit Card: Earn Free Flights and Travel Perks
Best Features of the Southwest Rapid Rewards Premier Credit Card
The Southwest Rapid Rewards card allows cardholders to redeem their points for free flights, hotel stays, car rentals, gift cards and merchandise. Points can also go toward earning a Companion Pass, which permits cardholders to bring along one person for every flight they take — free of charge, barring taxes and fees. You’ll need to earn 110,000 qualifying points in a single calendar year to activate the Companion Pass for the rest of the year as well as the following calendar year.
This rewards credit card comes with travel protection and purchase protection benefits as well.
Pros and Cons of the Southwest Rapid Rewards Premier Credit Card
There are many benefits to opening this Southwest rewards card:
- No foreign transaction fees
- Rewarding points system with various perks
- No penalty fees for returned checks or exceeding the credit limit
However, potential customers should also consider the limitations of this Southwest credit card:
- Annual fee of $99 isn’t waived for the first year
- No introductory APR for purchases or balance transfers
- Up to $37 in penalty fees for late payments on balances of $250 or more
Southwest Rapid Rewards Premier Credit Card Designed for Frequent Southwest Flyers
One of the best perks of this Chase Southwest Visa card is the Companion Pass, which allows members to earn free flights for family and friends. People who travel often with Southwest for business or leisure will find that their points accrue more quickly with the tiered rewards system. However, if you tend to fly with different airlines or won’t use the card enough to justify the $99 annual fee, you might want to consider a different rewards credit card.
Click through to read about the best travel rewards cards for you to choose from.
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