Southwest Rapid Rewards® Premier Credit Card

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  • 40,000 bonus points awarded after you spend $1,000 in the first 3 months from account opening
  • Earn 2 points for every $1 you spend on Southwest Airlines purchases and 1 point for every $1 you spend on all other purchases
  • Earn 6,000 bonus points on your cardmember anniversary


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  • Unlimited points that never expire as long as your card is active
  • No blackout dates
  • 2 bags fly free
  • No foreign transaction fees


Southwest Rapid Rewards® Premier Credit Card Summary

If you love Southwest, don’t let the rewards fly by you. The annual fee is just $99, which is easy to earn back thanks to the ability to earn points on every single purchase. With the sign-up bonus and anniversary bonus, no foreign transaction fees, and points that never expire, the Southwest Rapid Rewards® Premier Credit Card is well-worth the annual fee. With many attractive perks that appeal to frequent Southwest fliers, this is a card worth checking out!


PROS:
  • 40,000 bonus points awarded after you spend $1,000 in the first 3 months from account opening
  • Earn 2 points for every $1 you spend on Southwest Airlines purchases and 1 point for every $1 you spend on all other purchases
  • Earn 6,000 bonus points on your cardmember anniversary
  • Unlimited points that never expire as long as your card is active

CONS:
  • $99 annual fee
  • No introductory APR fee
  • Can only redeem travel points through Southwest Airlines


Best Features

This card has a very generous sign-up bonus. After you spend $1,000 in the first 3 months of opening your account, you earn 40,000 points. This can be cashed in for $400 worth of Southwest flights, which could cover your next round-trip flight. You also automatically earn 6,000 bonus points on your account’s anniversary, which is worth about $60 a year. Even better, there is no spending bonus needed to get the anniversary bonus! The Southwest Rapid Rewards® Premier Credit Card is an upgrade from its sibling card and does not charge foreign transaction fees, making it even more attractive for overseas travels. 

All points earned go towards earning the unlimited Companion Pass. If you accumulate 110k points in a year, your significant other flies free with you for up to two years. This alone adds incredible value to the card and makes it attractive to loyal Southwest fliers.


Drawbacks

While many airlines will waive their annual fee in the first year, the Southwest Rapid Rewards® Premier Credit Card does not. Once approved, the $99 annual fee is applied to the first billing statement. It is not a premier card with luxury benefits, so if you are looking for a card that gives you access to lounges, Global Entry and TSA PreCheck, this is not the card for you. The bonus reward points are also less flexible than other programs. You are unable to transfer rewards to other loyalty programs, making it less versatile and potentially reducing the card’s desirability.


Overall Summary

With the Southwest Rapid Rewards® Premier Credit Card, the more you spend the more rewards you get as there is no spending limit. You do get double points on all Southwest purchases and Rapid Rewards hotel and car rental partners and one point for every $1 you spend on all there purchases. Southwest makes it easy to redeem rewards with them as there are no blackout dates when booking. As an added bonus, you can enjoy unlimited points that never expire. With Southwest’s frequent sales, you can often find sales on one-way trips for 10,000 points per person.


Who this card is best for

For people who don’t live near a Southwest hub or carry a credit card balance from month to month, another credit card might serve their needs better. However, if you are someone who does travel often to cities served by Southwest, or you are looking for a good bonus offer, then this is the card for you! Thanks to the no foreign transaction fees and bags flying free features, this card is also an attractive option for someone who travels frequently out of the US.


 

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