Southwest Premier Credit Card Intensive Guide & Credit Card Review

Southwest Premier Credit Card Intensive Usage Guide & Credit Card Review.

Southwest Premier Credit Card: Southwest provides both personal and business cards, and like most airline-specific products, Southwest’s cards provide you with great discounts on their airline fares. The tradeoff is less flexible about where to spend your money. Here’s what you need to know about your Southwest Premier Credit Card.

Southwest Premier Credit Card

 

Southwest Premier Credit Card At a Glance

  • No foreign transaction fees
  • Earn 2 Rapid Rewards points per dollar spent on Southwest Purchases
  • Earn 2 Rapid Rewards points per dollar on hotel and car rental partners booked via Southwest
  • Auto rental collision damage and theft waiver
  • Purchase protection for 120 days
  • Extended warranty protection for an additional year
  • Lost luggage reimbursement of up to $3,000
  • Baggage delay insurance up to $100 per day
  • Bags fly free with Southwest
  • No change or cancel fees with Southwest
  • Unlimited reward seats with no blackout dates

Pros

  • Earn 6,000-anniversary points per year
  • Earn tier qualifying points towards A-list status
  • No foreign transaction fees
  • No booking or change fees

Cons

  • No first-year waiver of $99 annual fee
  • Lackluster travel perks
  • No airline points transfer partners
  • Limited international destinations

Highlights

  • Earn 40,000 points after you spend $1,000 on purchases in the first 3 months your account is open.
  • 6,000 bonus points after your Cardmember anniversary.
  • 2 points per $1 spent on Southwest® purchases and Rapid Rewards® hotel and car rental partner purchases.
  • 1 point per $1 spent on all other purchases.
  • No foreign transaction fees.
  • No blackout dates or seat restrictions.
  • Redeem your points for flights, hotel stays, gift cards, access to events, and more.

How to Get the Most from this Card

  • Book travel with your card: Earn at the 2X reward rate by booking flights with Southwest Airlines, and complete your travel plans with Rapid Rewards Hotel and Car Rental Partners.

How to Get the Most from this Card

  • Get the signup bonus: 40,000 bonus points for spending $1,000 in the first 3 months for a stellar 40%–60% return on spending if you assume 1–1.5 cents per point.
  • Enjoy the anniversary bonus: Get 6,000 bonus points after every cardmember anniversary, which makes up for a considerable chunk of the card’s $99 annual fee.
  • Offset the annual fee: Ignoring the intro and anniversary bonuses, you’ll have to spend around $3,300 at the 2X reward rate to offset the card’s $99 annual fee if you value a Rapid Rewards point at 1.5 cents. The good news? After the first year, thanks to the 6,000-point anniversary bonus, the amount you’ll have to spend drops to $300. We recommend you spend more to actually come out on top, of course.
  • Redeem with Southwest: Redeem your Rapid Rewards points for Southwest flights to maximize the value of your rewards.
  • Bring your card abroad: Travel with your card to avoid foreign transaction fees while savoring the peace of mind provided by its various included travel protections.
  • Use it with other rewards cards: The Rapid Rewards Premier features a specific reward structure, so you should use it alongside another, more general rewards credit card that’s better for everyday spending.

The Benefits

The Southwest Rapid Rewards card delivers a mid-sized package of benefits anchored with a remarkably lucrative anniversary bonus. Otherwise there is nothing especially useful, apart from the easy travel security that comes standard at this fee rate for most travel credit cards.

The full range of benefits you’ll get depends on your credit cap. If you are accepted with a $5,000 or more cap, you will get a Visa Signature card and the associated benefits. Otherwise you will be given a Visa Platinum passport.

  • 6,000-point anniversary bonus: Get 6,000 bonus points every year after your cardholder anniversary.
  • Earn tier qualifying points: Earn 1,500 tier qualifying points (TQPs) for every $10,000 in purchases, up to 15,000 TQPs per calendar year, to help you reach the 35,000 TQPs required to earn A-List status, the 70,000 required for A-List Preferred status, and the 100,000 required for the Southwest Companion Pass.
  • Travel insurance: Essential travel protections help you explore with confidence. Baggage delay, for example, offers reimbursement for essential items if your bag gets delayed or misdirected for more than six hours, while lost luggage reimbursement offers up to $3,000 per passenger if checked or carry-on bags are lost or damaged. You also get an auto rental collision damage waiver and travel accident insurance.
  • Other shopping and travel protections: Aside from its travel insurance perks, the Rapid Rewards Premier delivers a handful of additional benefits, including purchase protection, extended warranty protection, $0 fraud liability, and roadside dispatch. At the Visa Signature level, you’ll also get travel and emergency assistance.

You’ll seldom receive luxury benefits at the Premier’s price, so there’s nothing wrong with the card’s limited selection of benefits. But you may want to consider competing cards that provide stronger perks.

How to Apply for the Southwest Rapid Rewards Premier Card

If you think the Rapid Rewards Premier card is the right fit for your spending and travel habits, find out how to add it to your arsenal by clicking the “How to Apply” button below.

After you fill out and submit the application, you may be approved or denied immediately. But if you’re not, Chase may request more information.

Qualifications and Requirements

  • Must be 18 (19 in Alabama, 21 in Puerto Rico)
  • Personal identifying information, including birth date, Social Security number, email address, and phone number
  • Total income and source of income
  • Rapid Rewards account number

The Bottom Line

The Bottom

All in all, the Southwest Card is a decent credit card for travel if you use it enough. Generally, the good signup offer from the card and the anniversary bonus make it relatively easy to do just that. And the fact that Quick Bonus points tend to hold a fairly high value definitely doesn’t hurt.

Only note that this card is definitely not the right option for daily transactions, so it is better paired with another lifestyle credit card.

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