Last updated on May 25th, 2023
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Southwest Rapid Rewards Premier Credit Card
Southwest Rapid Rewards Premier Credit Card
- 20.74% to 27.74% variable based on creditworthiness and the Prime Rate Regular Purchase APR
- 20.74% to 27.74% variable based on creditworthiness and the Prime Rate Balance Transfer APR
- 29.74% variable based on the Prime Rate Cash Advance APR
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.
- Best Benefits
- Rates & Fees
- Why Should You Apply?
- Earn 50,000 bonus points after spending $1,000 on purchases in the first 3 months from account opening
- 6,000 anniversary points each year
- Earn 3X points on Southwest® purchases
- Earn 2X points on local transit and commuting, including rideshare
- Earn 2X points on internet, cable, and phone services; select streaming
- 2 EarlyBird Check-In® each year
- All points earned count towards Companion Pass®
- Member FDIC
- Regular Purchase APR: 20.74% to 27.74% variable based on creditworthiness and the Prime Rate
- Balance Transfer APR: 20.74% to 27.74% variable based on creditworthiness and the Prime Rate
- Balance Transfer Transaction Fee: Either $5 or 5% of the amount of each transfer, whichever is greater
- Cash Advance APR: 29.74% 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
- You travel often, especially with Southwest Airlines®
- You make frequent in-flight purchases
- You want the flexibility of redeeming points for flights, hotel stays, car rentals, and more
- You regularly check bags when flying
Southwest Rapid Rewards Premier Credit CardTerms & Conditions
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 Bonus Rapid Rewards Points From the Start
New Southwest Rapid Rewards Premier cardmembers can enjoy a quality welcome bonus of 60,000 points after spending $3,000 on the card within 90 days of opening an account. That welcome bonus has a value of around $700 when booking an award flight with Southwest, making it an impressive welcome offer on its own.
But there’s more. New accounts that spend at least $3,000 on spending in the first three months of account opening also receive a 30% off promo code. Once you meet the spending minimums, you can be on the lookout for the 30% promo code in your account at Southwest.com within eight weeks.
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 double (2X) 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 Card 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.
|Zero Fraud Liability||Cardholder Inquiry Services||Emergency Card Replacement|
|Roadside Dispatch and Auto Collision Damage Waiver||Lost/Stolen Card Reporting||ID Navigator from Norton|
Southwest Rapid Rewards consumer Credit Card Comparison
Not sure which Rapid Rewards credit card from Chase is right for your personal needs? Here is a quick breakdown of all the personal consumer credit cards from Southwest Airlines and JP Morgan Chase:
Rapid Rewards® Plus
Rapid Rewards® Premier
Rapid Rewards® Priority
|Earn 2X pts. on Southwest purchases, 2X pts. on internet, cable, phone services, and select streaming, and 1X on all other purchases||Earn 3X pts. on Southwest purchases, 2X pts. on internet, cable, phone services, and select streaming, and 1X on all other purchases||Earn 3X pts. on Southwest purchases, 2X pts. on internet, cable, phone services, and select streaming, and 1X on all other purchases|
|2 EarlyBird Check-In per year.||1,500 tier qualifying points towards A-List status for every $10,000 spent||4 Upgraded Boardings per year when available|
|No annual fee||$99 annual fee||$149 annual fee|
FAQs About Southwest Rapid Rewards
Here are some of the most commonly asked questions regarding Southwest’s Rapid Rewards loyalty program:
- Yes. According to Southwest, you can request past flight points for up to 12 months after your flight. To claim points for a past flight, simply log into your account, select My Account and choose the Manage tab within My Rapid Rewards. Choose Request past points in the grey bar and enter your record locator (confirmation number) from your reservation. After verification of your flight information (up to 5 days), points will be deposited into your account.
- Rapid Rewards Dining is a rewards program within the Rapid Rewards program. This features lets members earn points from dining with select Southwest restaurant partners.
Related Article: Dining Programs: How to Earn Airline Miles with Any Credit Card
Chase and Southwest Visa Card Ratings
How does the Chase Southwest Visa stack up? Here are a selection of expert reviews for the card, as well as an overview of JP Morgan Chase as a bank:
|BestCards||Better Business Bureau||TrustPilot|
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.