HomeFinance7 Things to Know Before Getting a Southwest Credit Card

7 Things to Know Before Getting a Southwest Credit Card

Southwest bank cards go from so-so to strong by way of perks. The greater your dedication to Southwest Airlines, the extra bank card perks you may discover helpful — and the upper the annual membership price will rise. You’ll additionally discover extra methods to offset these charges the extra you journey. Here are some issues to know earlier than getting a Southwest bank card.

What to know earlier than getting a Southwest bank card

1. What bank cards can be found

Three co-branded Southwest bank cards can be found as private bank cards to customers, and the advantages and annual charges range by card.

For instance, the Southwest Rapid Rewards® Plus Credit Card has the bottom annual price of $69, but it surely prices overseas transaction charges and gives the fewest perks to Southwest flyers. The Southwest Rapid Rewards® Priority Credit Card prices the highest price of $149 and gives extra beneficial advantages.

Here are a few of the advantages that every private Southwest card supplies:

Chase Southwest Rapid Rewards® Plus Credit Card
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  • Welcome bonus: Earn 40,000 bonus factors after spending $1,000 on purchases within the first 3 months your account is open.

  • Two EarlyBird check-ins per yr.

  • 25% again on in-flight purchases.

  • 3,000 anniversary factors.

Chase Southwest Rapid Rewards® Premier Credit Card
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  • Welcome bonus: Earn 40,000 bonus factors after spending $1,000 on purchases within the first 3 months your account is open.

  • Two EarlyBird check-ins per yr.

  • 25% again on in-flight purchases.

  • 6,000 anniversary factors.

  • 1,500 tier qualifying factors per $10,000 spent.

Southwest Rapid Rewards® Priority Credit Card
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  • Welcome bonus: Earn 40,000 bonus factors after spending $1,000 on purchases within the first 3 months your account is open.

  • Four upgraded boarding positions per yr.

  • 25% again on in-flight purchases.

  • 7,500 anniversary factors.

  • 1,500 tier qualifying factors per $10,000 spent.

  • $75 Southwest annual journey credit score.

  • No overseas transaction charges.

So, one of many issues to know earlier than getting a Southwest bank card is how usually you may fly the airline and should you’ll use sufficient perks to offset a card’s annual price.

2. The Southwest card limits

Many components go into whether or not or not you possibly can maintain two private Southwest bank cards without delay, together with the variety of playing cards you have opened via Chase within the final 24 months and whether or not you have already held a particular bank card up to now. While it’s potential to have a couple of Southwest card, chances are you’ll sacrifice incomes a welcome bonus, which is a enormous draw for many cardholders.

Given that limits range from particular person to particular person, your finest guess is to apply for a Southwest bank card and see whether it is obtainable for you.

The excellent news for enterprise homeowners is that it is a lot simpler to qualify for each a Southwest-branded shopper card and a small-business card on the similar time.

3. The Rapid Rewards incomes construction

For instance, all three playing cards earn 2x Rapid Rewards factors within the following classes:

  • Hotel and automotive rental companions.

  • Local transit and ride-hailing companies.

  • Internet, cable, cell phone and choose streaming companies.

All three playing cards additionally earn 1 level per greenback for different purchases.

The distinction lies in Southwest purchases — whereas the Southwest Rapid Rewards® Plus Credit Card earns 2x factors on Southwest purchases, the Southwest Rapid Rewards® Premier Credit Card and the Southwest Rapid Rewards® Priority Credit Card playing cards earn 3x factors.

4. The worth of Southwest factors

Before you begin attempting to earn factors on a new Southwest bank card, you may want to know the way a lot Rapid Rewards factors are literally price.

The Rapid Rewards program would not have a commonplace award chart. A reward flight relies on airfare and is influenced by vacation spot, time of journey, and demand. This means a redemption price in factors is tied instantly to the flight’s money price in {dollars}. The costlier a flight is, the extra factors you want to ebook it.

According to NerdWallet’s valuation, every Rapid Rewards level is price 1.4 cents. That means 10,000 Rapid Rewards factors can be price $140.

Based on our most latest evaluation, this is how the worth of Southwest factors stack up in opposition to its major opponents.

5. The means to earn a Southwest Companion Pass

A Southwest Companion Pass is without doubt one of the most coveted advantages on the earth of passenger perks. The motive is easy. As a Companion Pass holder, you possibly can ebook flights with money or factors anyplace Southwest flies and add a designated companion totally free (you continue to have to cowl ticket taxes). Furthermore, you should use the Companion Pass for flights within the yr you earn the cross plus your complete following calendar yr.

Because it is such a fascinating perk, Southwest requires you to both fly 100 qualifying flight segments or earn 125,000 qualifying Rapid Rewards factors in a calendar yr to earn it. Luckily, the factors you earn from signing up for a co-branded bank card rely towards the qualification requirement.

Knowing that the sign-up bonus and the factors you earn on on a regular basis spending rely towards the requirement wanted to attain a Companion Pass, you might be strategic about making use of for a card and incomes factors. Doing this will provide you with extra time to qualify for the Companion Pass and get probably the most use.

6. The beneficial further advantages

Before choosing a bank card, it is important to ask questions on its journey and buy safety advantages. For occasion, does a Southwest Airlines bank card cowl rental automotive insurance coverage?

The reply to this query is sure. But whereas all three playing cards supply an auto collision injury waiver, protecting collision injury and theft, the protection is secondary to your main auto insurance coverage supplier.

Southwest bank cards additionally include buy safety, prolonged guarantee safety, baggage delay insurance coverage and misplaced baggage reimbursement.

7. The wait

Before you hit submit in your software, you could be questioning how lengthy it takes for Southwest bank card approval. Unfortunately, you will not know till you click on the button.

Some approvals are immediate, and a few require extra time. For instance, should you obtained an e-mail thanking you in your curiosity in a bank card, it signifies that you are not but authorised. You can both wait about seven to 10 days for approval or verify the standing of your software by calling Chase at 1-800-935-9935. Sometimes the financial institution wants to confirm data in your software.

If you are contemplating making use of for a Southwest bank card

Frequent Southwest Airlines flyers will discover worth in getting a Southwest bank card. The perks are useful, and the spending classes supply many alternatives to earn extra rewards. The Rapid Rewards program additionally gives a aggressive worth, particularly should you’re going for a Companion Pass. It’s exhausting to beat companion flights booked solely with rewards.

How to maximize your rewards

You need a journey bank card that prioritizes what’s essential to you. Here are our picks for the finest journey bank cards of 2022, together with these finest for:

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