Southwest credit cards generally require a good to excellent credit score, which is typically above 660.
How LendingTree Rates Credit Cards?
Our experts rate credit cards based on several factors including card benefits, bonus offers and independent research. Credit card issuers do not influence or have a say in our card ratings. Read our credit card methodology here.The Southwest Rapid Rewards® Premier Credit Card can be worth the $99 annual fee if you’re an occasional Southwest Airlines flyer and want to fast-track your path to A-List or A-List Preferred elite status.
You can earn a high number of points with the sign-up bonus alone, plus additional anniversary bonus points valued at $84 per year. If you spend $10,000 a year, that’s around $150 in rewards. For those who manage to score the Southwest Companion Pass, which allows one person to fly with you for free (only paying taxes and fees starting at $5.60), this card more than pays for itself.
However, if you’re looking for luxury perks like airport lounge access, travel credits or the ability to transfer points to travel partners, you won’t find that with the Southwest Rapid Rewards® Premier Credit Card. In the end, if you enjoy flying Southwest and want elite status and the Companion Pass, this could be a good card to add to your wallet.
Intro Purchase APR
N/A
Regular Purchase APR
20.99% - 27.99% Variable
Intro BT APR
N/A
Regular BT APR
20.99% - 27.99% Variable
Annual Fee
$99
Cash Advance Fee
Either $10 or 5% of the amount of each transaction, whichever is greater.
Foreign Transaction Fee
$0
Balance Transfer Fee
Either $5 or 5% of the amount of each transfer, whichever is greater.
ABILITY TO EARN COMPANION PASS
The coveted Companion Pass lets you choose one person to fly with you for free (you only need to pay taxes and fees from $5.60 one-way) whenever you purchase or redeem points for a flight. The pass is valid for the remainder of the year you earned it, plus the following full calendar year.
To earn the Southwest Companion Pass, you must either fly 100 qualifying one-way flights or earn 135,000 qualifying points in a calendar year.
The points you receive as a sign-up bonus count toward the Companion Pass. In addition, Rapid Rewards Credit Cardmembers will receive 10,000 bonus points toward their Companion Pass every year.
LARGE SIGN-UP BONUS
New cardmembers can earn 50,000 bonus points after spending $1,000 on purchases in the first 3 months from account opening. The minimum spend requirement is relatively low compared to other credit card sign-up bonuses, which typically require you to spend anywhere from $2,000 to $4,000 or more.
Note that you can’t earn this sign-up bonus if you have a current Southwest Rapid Rewards Credit Card or received a new cardmember bonus within the last 24 months (business card and employee credit card products don’t apply).
Should you apply now?: The sign-up bonus on the Southwest Rapid Rewards® Premier Credit Card is decent at the moment, but you may want to wait to apply if you’re hoping to get the biggest bonus possible.
Recent offers for the Southwest Rapid Rewards® Premier Credit Card
Date | Number of points |
---|---|
February 2024 | Companion Pass + 30,000 points |
December 2023 | 50,000 |
October 2023 | 75,000 |
March 2023 | 50,000 |
→ See the best credit card sign-up bonuses
NO CAP ON EARNING POTENTIAL
While some credit cards limit how much you can earn per calendar year, the Southwest Rapid Rewards® Premier Credit Card offers unlimited rewards across all categories. And the best part: Your points never expire.
Here’s what you can earn with your Southwest Rapid Rewards® Premier Credit Card:
Plus, you can earn 20,000 bonus points for each friend you refer to the Southwest Rapid Rewards® Premier Credit Card — although this reward does have a cap of 100,000 points a year.
Other ways to earn Rapid Rewards points
If you’re looking to maximize your Rapid Rewards points, consider signing up for the following reward programs:
EASILY REDEEMABLE REWARDS
You can use your Rapid Rewards to book Southwest flights with just a few clicks. While some airlines have blackout dates or restrictions when purchasing award seats, Southwest lets you use points for any flight with open seats. Currently, Southwest flies to 48 states, Hawaii, Puerto Rico, plus select destinations in Mexico, Central America and the Caribbean.
Award seats can range from 2,600 to 29,000 points for one-way tickets, depending on the type of ticket, origin, destination and time of year. You now have the option to pay for flights using a combination of Rapid Rewards points and cash.
Southwest offers the following four types of tickets, providing different benefits with each tier. While the Wanna Get Away tier comes with some limitations, Wanna Get Away fares will generally give you the best value for your points.
Business Select | Anytime | Wanna Get Away + | Wanna Get Away | |
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Fully refundable if you cancel your flight | ||||
Same-day change | Fare difference may apply | |||
Same-day standby | ||||
Transferable flight credit | ||||
EarlyBird Check-In® | ||||
Fly By (priority security lane) | ||||
Priority boarding A1-A15 | ||||
Complimentary premium drink |
While you typically get the most value by using your Rapid Rewards to book flights, here are some other ways to redeem your points:
→ Learn more about redeeming Southwest Rapid Rewards points
ANNIVERSARY BONUS POINTS
You automatically earn 6,000 Rapid Reward points every anniversary, regardless of how much you spend or use the card. These points will count toward your Companion Pass.
EARN UNLIMITED TQPS (TIER QUALIFYING POINTS)
The Southwest Rapid Rewards® Premier Credit Card now gets you to A-List status twice as fast as before. You can earn 1,500 Tier Qualifying Points (TQPs) every time you spend $5,000 with the card — with no limit on how much you can earn. These TQPs go toward earning A-List or A-List Preferred elite status on Southwest.
NO FOREIGN TRANSACTION FEES
If you’re a jet setter wanting to travel abroad, you can save money by getting a credit card with no foreign transaction fees. Many credit cards charge a 3% fee per transaction while overseas, but the Southwest Rapid Rewards® Premier Credit Card waives these fees — leaving more money for the fun stuff.
Although Southwest has a limited international reach, only servicing Mexico, Central America and the Caribbean, you can take your Southwest card with you when flying other airlines.
You can also use your Rapid Rewards points to book international flights operated by other airlines using Southwest’s More Rewards platform. Note that doing so doesn’t transfer your Rapid Rewards points to another airline. Instead, your points act as currency to purchase flights with select airlines.
First two checked bags are always free with Southwest
Many airline credit cards offer free checked bags for yourself and several companions as an additional perk. While Southwest Airlines credit cards don’t offer this benefit, your first two checked bags are always free when flying with Southwest.
LIMITED FLIGHTS AVAILABLE OUTSIDE THE U.S.
This isn’t the best travel credit card out there since Southwest’s international destinations are limited to just Mexico, Central America and the Caribbean. While you can use your points to book international trips with select airlines through Southwest’s More Rewards platform, the redemption rate is typically marked up, making the cash fare often a better deal.
CHARGES AN ANNUAL FEE
The Southwest Rapid Rewards® Premier Credit Card comes with a $99 annual fee. While some airline cards waive the annual fee for the first year, this fee is applied to your first credit card statement.
Based on our estimates, the potential value for the card’s first year is around $927, with an ongoing value of $311 per year — if you maximize your earnings. This more than covers the cost of the annual fee.
That said, there are plenty of no annual fee credit cards worth considering if you don’t want this extra expense.
NO POINT TRANSFERS
While the Southwest Rapid Rewards® Premier Credit Card is great for scoring free flights with Southwest Airlines, you can’t transfer points to other loyalty programs. In comparison, the Chase Sapphire Preferred® Card offers 1:1 transfers to 14 Chase Ultimate Rewards® travel partners, including Southwest.
Be aware that any points transferred to Southwest from other reward programs don’t count toward your Companion Pass or A-List status. However, using the Chase Sapphire Preferred® Card or Chase Sapphire Reserve® card in conjunction with one of the Chase Southwest credit cards can be a great way to quickly earn points for more free flights.
NO PREMIUM BENEFITS
This card lacks the premium benefits other similarly-priced travel cards provide. For example, the Southwest Rapid Rewards® Priority Credit Card provides a $75 annual travel credit and four upgraded boarding per year for just $50 extra a year.
And for a $95 annual fee, you can get a $50 annual hotel credit with the Chase Sapphire Preferred® Card, along with more extensive travel insurance benefits.
Credit Cards | Our Ratings | Welcome Offer | Annual Fee | Rewards Rate | |
---|---|---|---|---|---|
Southwest Rapid Rewards® Premier Credit Card*
|
Earn 50,000 bonus points after spending $1,000 on purchases in the first 3 months from account opening. | $99 | Receive 6,000 anniversary points each year. Enjoy benefits including 3X points on Southwest® purchases, 2X points on local transit and commuting, including rideshare, 2X points on internet, cable, and phone services; select streaming, 2 EarlyBird Check-In® each year, 10,000 Companion Pass® qualifying points boost each year, and more. | ||
Southwest Rapid Rewards® Plus Credit Card
Apply Now
on Chase's secure site |
Earn 50,000 bonus points after spending $1,000 on purchases in the first 3 months from account opening. | $69 | Receive 3,000 anniversary points each year. Enjoy benefits including 2X points on local transit and commuting, including rideshare, 2X points on internet, cable, and phone services; select streaming, 2 Early Bird Check-In® each year, 10,000 Companion Pass® qualifying points boost each year, and more. |
Apply Now
on Chase's secure site |
|
Chase Sapphire Preferred® Card
Apply Now
on Chase's secure site |
Get up to $1,050 in Chase Travel℠ value. Earn 60,000 bonus points after $4,000 in purchases in your first 3 months from account opening. That's worth $750 when redeemed through Chase Travel. Plus, get up to $300 in statement credits on Chase Travel purchases within your first year. | $95 | Enjoy benefits such as 5x on travel purchased through Chase Travel℠, 3x on dining, select streaming services and online groceries, 2x on all other travel purchases, 1x on all other purchases, $50 Annual Chase Travel Hotel Credit, plus more. |
Apply Now
on Chase's secure site |
|
Southwest Rapid Rewards® Priority Credit Card
Apply Now
on Chase's secure site |
Earn 50,000 bonus points after spending $1,000 on purchases in the first 3 months from account opening. | $149 | Receive 7,500 anniversary points, 4 upgraded boardings per year when available, and a $75 Southwest® travel credit each year. Enjoy benefits including 3X points on Southwest purchases, 2X points on local transit and commuting, including rideshare, 2X points on internet, cable, and phone services; select streaming, 10,000 Companion Pass® qualifying points boost each year, and more. |
Apply Now
on Chase's secure site |
You’ll only earn 2x on Southwest purchases instead of the Southwest Rapid Rewards® Premier Credit Card‘s 3x rate, and your anniversary bonus points will drop from 6,000 to 3,000.
However, the Southwest Rapid Rewards® Plus Credit Card offers some of the same rewards as the Southwest Rapid Rewards® Premier Credit Card version:
This card’s overall value is less than other travel cards, plus it’s the one Southwest credit card with foreign transaction fees. If you’re going to pay an annual fee, you might be better off paying a little extra to unlock more benefits and perks.
Plus, your anniversary bonus points jump to 7,500 per year, compared to the Southwest Rapid Rewards® Premier Credit Card‘s 6,000 boost. You’ll earn 3x points on Southwest purchases. Other perks with the Southwest Rapid Rewards® Priority Credit Card include upgraded boarding (four per year, when available) and a $75 annual travel credit. However, the Southwest Rapid Rewards® Priority Credit Card doesn’t provide Early Bird Check-Ins like the other personal Southwest cards.
Aside from these extra perks, the Southwest Rapid Rewards® Priority Credit Card shares similar earning rates and bonuses as the Southwest Rapid Rewards® Premier Credit Card:
This card can be worth the slightly higher annual fee if you plan to fly on Southwest at least once per year in order to earn the $75 travel credit. Based on our estimations, the ongoing value of this card is valued at $447 per year, which more than covers the $149 annual fee.
With the Chase Sapphire Preferred® Card, you can get up to $1,050 in Chase Travel℠ value. Earn 60,000 bonus points after $4,000 in purchases in your first 3 months from account opening. That's worth $750 when redeemed through Chase Travel. Plus, get up to $300 in statement credits on Chase Travel purchases within your first year.
The annual fee is $95, which is $5 less than the Southwest Rapid Rewards® Premier Credit Card’s annual fee. And yet, the Chase Sapphire Preferred® Card provides more extensive benefits, such as:
In addition, you can enjoy a 10% anniversary points boost. For example, if you spend $25,000 in purchases, you’ll get a bonus of 2,500 points.
If you’re a big spender, then this card can help you achieve A-List or A-List Preferred elite status faster. Also, you can use the card while traveling outside the U.S., since it doesn’t charge foreign transaction fees. But if getting that elite status isn’t that important to you and you don’t plan to use your card outside the country, the Southwest Rapid Rewards® Plus Credit Card will likely suit your needs. And if you’re a serious traveler wanting to maximize your earnings, the Southwest Rapid Rewards® Priority Credit Card provides the best overall value.
On the other hand, if you don’t care about A-List status and aren’t aiming to earn the Companion Pass, a general travel card like the Chase Sapphire Preferred® Card may be more rewarding.
Southwest credit cards generally require a good to excellent credit score, which is typically above 660.
You can apply for an upgrade online or call 1-800-792-0001 to request an upgrade. Note that you don’t receive a sign-up bonus when you upgrade your current Southwest card.
You can, however, cancel your current Southwest card and apply for a new card to receive a sign-up bonus as long as it’s been at least 24 months since you received your last Rapid Rewards sign-up bonus.
The Companion Pass is one of Southwest airline’s biggest perks. If you meet the requirements, you can pick one person to fly with you for free (only paying taxes and fees from $5.60 one-way) for the remainder of the year you earned it, plus the following full calendar year. So, if you earn the pass early in the year, you can potentially get your companion free flights for almost two years.
The information related to the Southwest Rapid Rewards® Premier Credit Card has been collected by LendingTree and has not been reviewed or provided by the issuer of this card prior to publication. Terms apply.
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