Southwest Rapid Rewards® Premier Credit Card

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Last updated on November 17th, 2021

Southwest Rapid Rewards® Premier Credit Card

Earn Up To 100,000 Bonus Points

Southwest Rapid Rewards® Premier Credit Card
  • Regular Purchase APR 15.99% to 22.99% variable based on creditworthiness and Prime Rate
  • Balance Transfer APR 15.99% to 22.99% variable based on creditworthiness and Prime Rate
  • Cash Advance APR 24.99% variable based on the Prime Rate
  • Annual Fee $99
  • Credit Needed Excellent , Good
  • Processing Network Visa
Best Benefits
  • Earn 3 points for every $1 you spend on Southwest Airlines® purchases
  • Earn 2 points on Rapid Rewards hotel and car partners, local transit and commuting, internet, cable, phone services, and select streaming
  • Earn 1 point for every $1 you spend on all other purchases
  • 6,000 points every year on your Cardmember anniversary
  • Earn 50,000 bonus points after you spend $2,000 on purchases in the first 3 months from account opening
  • Plus, earn an additional 50,000 points after you spend $12,000 total on purchases in the first 12 months from account opening
  • No foreign transaction fees
Rates & Fees
  • Regular Purchase APR: 15.99% to 22.99% variable based on creditworthiness and Prime Rate
  • Balance Transfer APR: 15.99% to 22.99% variable based on creditworthiness and Prime Rate
  • Balance Transfer Transaction Fee: Either $5 or 5% of the amount of each transfer, whichever is greater
  • Cash Advance APR: 24.99% variable based on the Prime Rate
  • Cash Advance Transaction Fee: Either $10 or 5% of the amount of each transaction, whichever is greater
  • Penalty APR: Up to 29.99% variable based on the Prime Rate
  • Annual Fee: $99
  • Late Payment Penalty Fee: Up to $40
  • Return Payment Penalty Fee: Up to $40
Credit Card Deals

At a Glance

Frequent Southwest Airlines flyers will love the rewards they can redeem when using the Southwest Rapid Rewards® Premier, which grants yearly points just from being a cardmember.

Ideal for Those Who:

  • Travel often, especially with Southwest Airlines®
  • Make frequent in-flight purchases
  • Want the flexibility of redeeming points for flights, hotel stays, car rentals, and more
  • Regularly check bags when flying

Southwest Rapid Rewards® Premier Credit Card Review

A step above the Rapid Rewards® Plus, the Southwest Rapid Rewards® Premier Credit Card offers essentially the same lineup of incentives.

Earn Up to 100,000 Bonus Rapid Rewards Points

New Premier cardholders earn 50,000 bonus points after spending $2,000 with their new card in the first three months from opening an account. Plus, they’ll earn an additional 50,000 points after spending $12,000 total on purchases in the first 12 months from account opening.

Given the approximate value of Southwest Rapid Rewards points, this sign-up bonus has a value of around $1,000+ towards flights with the carrier – not bad for a very modest yearly!

This reward is the same that comes from the Priority Card from Southwest and Chase, just without the $149 annual fee (the fee for the Premier Card is $99).

How to Earn Rewards

Additionally, cardholders earn 3X Rapid Rewards points for every dollar spent on Southwest Airlines purchases. This includes checked baggage, in-flight purchases, snacks and drinks, and more. 

Even if your expenses are not exclusively with Southwest – through which you’ll earn triple points from things like Rapid Rewards hotel and car partners – you’ll still be rewarded with 2X for every dollar on a range of purchases, including:

  • Local transit and commuting, including rideshares
  • Internet, cable, phone services, and select streaming

All other purchases with the card earn 1X points per dollar spent.

6,000-Point Anniversary Bonus

Where the Premier differs from the Plus and the Priority cards is in the anniversary bonus. Southwest Rapid Rewards® Premier cardholders receive a 6,000-point anniversary bonus on their cardmember anniversary each year. The Priority earns 7,500 points each year.

How to Redeem Rewards

When you begin to cash in on the rewards you’ve earned with your Southwest Rapid Rewards® Premier Card, you’ll notice that you can turn your Rapid Rewards points into just about anything; flexible rewards redemption is a big draw with this program.

  • Travel: Once you’ve earned rewards for that dream trip you’ve been planning, you’re ready to redeem them. Points earned with the Southwest Rapid Rewards® Premier Card can be redeemed to book or upgrade travel on Southwest. Rewards can be used to save on flights, seat upgrades, and more (including Companion Passes!). Log into your Rapid Rewards account on the Southwest® homepage, select a flight, and pay with points; the sky is the limit!
  • Hotels: With the Southwest Rapid Rewards® program, cardholders are eligible to book hotel stays with points earned from their Southwest Rapid Rewards® Premier Card at over 70,000 hotels across the globe.
  • Car Rentals: Renting a car often makes travel easier, as you’re able to move at your own pace, make pitstops at your leisure, and take your time enjoying your destination. Points earned with the Southwest Rapid Rewards® Premier Card can be used towards hiring a car rental from several different rental companies.
  • Retail: Points can be redeemed with hundreds of retail partners for products, services, and even gift cards. Shop retail options, from golf balls and electronics to home goods; or, find the right gift card from brands like Amazon, iTunes, Lowes, and more to treat yourself or a friend – simply use your points to purchase!
  • Buy, Gift, or Transfer: Cardholders can use their Rapid Rewards®points for a variety of purchases; they also have the option to gift points or transfer their points to whoever they’d like, even if they are not a cardholder. All the recipient must do is enroll in the Rapid Rewards program if they have not already. Points can even be donated to pre-selected charities; Southwest has chosen several charities that can accept points as a donation.

Other Travel Features

Other features of the card include no charge when checking your first two bags, no blackout dates on reward flights or seats when it comes to redeeming, no foreign transaction fees, and Visa travel protections and benefits.

For more information on the Rapid Rewards loyalty program:

Should You Apply for the Southwest Rapid Rewards® Premier Credit Card?

Overall, a great package of perks for those who find themselves frequently booking with Southwest Airlines. There are three major differences between the Rapid Rewards® Plus and the Rapid Rewards® Premier: The annual fee, cardmember anniversary bonus points, and foreign transaction fee. If you opt for the Rapid Rewards® Premier, you’ll have a $99 annual fee – $30 more than the Rapid Rewards® Plus’ $69 fee – applied to your first billing statement. However, being a Rapid Rewards® Premier cardmember nets you 6,000 bonus points each account anniversary – double the amount you’ll earn with the Rapid Rewards® Plus.

Finally, the Southwest Rapid Rewards® shines above the Plus in that you can freely use it abroad without the worry of foreign transaction fees. Even if you only fly internationally on occasion, you could potentially save a considerable amount on surcharges if you happen to make a sizable purchase.

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