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Southwest Rapid Rewards Premier Credit Card review

Editor’s observe: This can be a recurring publish, recurrently up to date with new data and affords.


Southwest Speedy Rewards Premier Credit score Card overview

The Southwest Rapid Rewards Premier Credit Card is the center of the pack for Southwest private bank cards. Whereas airline bank cards typically don’t have too many perks, the absence of overseas transaction charges and 6,000-anniversary bonus factors ought to assist offset this card’s affordable $99 annual payment. Card ranking*: ⭐⭐⭐½

*Card Score relies on the opinion of TPG’s editors and isn’t influenced by the cardboard issuer.

Savvy TPG readers know we typically don’t advocate constructing your factors technique round a single cobranded airline credit card, as these have a tendency to supply fewer perks and fewer flexibility than a comparably-priced transferable points card.

With regards to the Southwest Rapid Rewards card portfolio, you’ll typically discover higher incomes charges and extra versatile redemption choices with playing cards that earn Chase Ultimate Rewards factors — such because the Chase Sapphire Preferred Card — which you’ll be able to then switch to Southwest Speedy Rewards at a 1:1 charge.

That mentioned, Southwest bank cards are very fashionable amongst Southwest followers. The mid-tier model of the three private Southwest playing cards — the Southwest Rapid Rewards Premier Credit Card — has a very good stability of perks and an annual payment that might make it worthy of a spot in your card assortment.

Right here’s the whole lot it’s essential to know concerning the Southwest Premier Card that can assist you resolve if it ought to earn a spot in your pockets.

ROBERT ALEXANDER/GETTY IMAGES

Southwest Speedy Rewards Premier Credit score Card welcome provide

New candidates for the Southwest Premier card can earn 60,000 bonus factors plus a 30% off promo code after spending $3,000 on purchases within the first three months from account opening.

TPG values Southwest Speedy Rewards factors at 1.5 cents apiece, making the 60,000 factors alone value $900. Whilst you can redeem factors in a number of methods, the most effective worth will come from utilizing them for flights.

That is additionally the primary time Southwest has provided a promo code as a part of a sign-up bonus on a bank card. The code will seem immediately in your Southwest.com account inside eight weeks of assembly the spending requirement. It may be used — solely as soon as — on a single one-way or round-trip Wanna Get Away, Wanna Get Away Plus, Anytime and Enterprise Choose fare, and is out there to be used till October 31, 2024.

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Given it’s a single-use promo code, it could be finest to save lots of this for a costlier ticket. You will get the most important financial savings when utilizing the code for round-trip journey and/or throughout peak journey intervals just like the summer season or the vacations.

Remember that you can’t earn a sign-up bonus on the Southwest Speedy Rewards Premier Credit score Card for those who at the moment have any private Southwest card, nor are you eligible for those who earned a sign-up bonus on a private Southwest card previously 24 months.

Additionally, all of Southwest’s cobranded playing cards are topic to Chase’s 5/24 rule. In case you’ve opened 5 or extra new accounts over the previous 24 months (throughout all issuers, not simply Chase), you’re prone to be denied for this card.

Associated: The ultimate guide to credit card application restrictions

Incomes factors on the Southwest Speedy Rewards Premier Credit score Card

Most airline bank cards award bonus factors or miles for purchases immediately with the provider, and that’s actually true right here: You’ll earn 3 factors per greenback spent with Southwest on the Premier Card.

Nonetheless, it additionally has another attractive bonus classes: You’ll earn 2 factors per greenback spent on native transit and commuting purchases, web, cable and cellphone companies and with select streaming providers. You’ll earn 1 level per greenback on all different eligible purchases.

This quantities to a 4.5% return on spending with Southwest and a 1.5% return on on a regular basis spending, in accordance with our valuations.

ZACH GRIFF/THE POINTS GUY

Redeeming factors on the Southwest Speedy Rewards Premier Credit score Card

When it’s time to make use of your rewards, the most effective issues about redeeming Southwest Rapid Rewards points is the simplicity of the method. Whether or not you choose the most cost effective Wanna Get Away fares or the most costly Enterprise Choose tickets, the price of your award ticket is tied to the money worth of the flight.

This implies you don’t have to fret about getting the best potential cent-per-point redemption worth. In case you have Speedy Rewards factors, you may redeem them for present playing cards or merchandise, however the most effective worth comes from utilizing your factors for Southwest flights — together with options to Hawaii and international destinations.

Do not forget that Southwest’s coverage of no change or cancellation charges means you may reprice your award ticket if the value drops. This affords beneficial flexibility to get the absolute best redemption.

Learn extra: How to change or cancel a Southwest Airlines flight

Southwest Speedy Rewards Premier Credit score Card advantages

Whilst you don’t count on an airline bank card with a $99 annual payment to return loaded with perks, there are fairly a number of advantages on the Southwest Rapid Rewards Premier Credit Card.

You’ll obtain 6,000 bonus factors on every account anniversary, which TPG values at $90 — which means that the anniversary bonus practically offsets the cardboard’s $99 annual payment.

Additionally, you’ll get pleasure from further advantages like two EarlyBird check-ins per yr with the Southwest Premier Card — serving to you get on the airplane early to snag a greater seat — and 25% again on inflight purchases.

WYATT SMITH/THE POINTS GUY

You may additionally be all in favour of incomes Southwest A-List elite status to additional improve your travels with the provider. Doing so requires finishing 25 qualifying flights or incomes 35,000 tier-qualifying factors (TQPs) in a calendar yr. You’ll be able to earn bonus TQPs by spending on the Premier card: 1,500 TQPs for each $10,000 spent per calendar yr.

Associated: Battle of the airlines: Why I think Southwest Airlines is the best

Which playing cards compete with the Southwest Speedy Rewards Premier Credit score Card?

The Southwest Premier card has two apparent rivals: the opposite Southwest bank cards from Chase. Nonetheless, it’s value additionally contemplating a normal journey bank card with an identical annual payment to see whether or not that is higher to your pockets. Let’s see how they stack up:

For extra choices, take a look at our full checklist of travel credit cards.

Associated: Comparing the Southwest Rapid Rewards Priority, Premier, and Plus Credit Cards

Is the Southwest Speedy Rewards Premier Credit score Card value it?

The Southwest Premier card with a $99 annual payment is usually offset by the 6,000 anniversary bonus factors, which have a price of $90, in accordance with TPG’s valuations. In case you worth its different perks at greater than $9, that covers the annual payment. Nonetheless, most Southwest loyalists ought to apply for the Priority card as an alternative, because it has extra advantages.

Backside line

The Southwest Rapid Rewards Premier Credit Card is usually a good possibility for frequent Southwest flyers. In case you fly with Southwest often, this card’s worth level and perks may make it a very good match to your pockets with out the upper price ticket on different journey bank cards.

Official software hyperlink: Southwest Rapid Rewards Premier Credit Card

Further reporting by Ryan Wilcox, Stella Shon, Christina Ly and Ryan Smith.

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