Earn 100K Rapid Rewards Points with New Southwest Credit Card Offers
southwest credit cards

Earn 100K Rapid Rewards Points with New Southwest Credit Card Offers

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On Tuesday, Chase and Southwest Airlines launched some of the biggest bonuses we’ve ever seen on all three co-branded Southwest credit cards, with up to 100,000 points on the table – and a few new benefits, too.

For a limited time, all three cards are now offering a sign-up bonus offer of 50,000 Southwest Rapid Rewards points after spending $2,000 in the first three months of card membership. After that, you’ll earn an additional 50,0000 points after spending a total of $12,000 in the first twelve months of card membership (for a total of 100,000 Rapid Rewards points).

Being that you need to earn 125,000 Southwest Rapid Rewards points in a calendar year to earn the Southwest Companion Pass, these new offers put that well within reach for many travelers. And that’s huge, as the Companion Pass is hands down one of the best deals in the world of travel. Time earning this bonus right, and you could get almost two full years of buy-one, get-one flights with the Companion Pass.

Read on for everything you need to know about these new Southwest credit card offers and the new benefits available on each of them.

 

The Southwest Rapid Rewards Plus Credit Card

  • Sign-Up Bonus: Earn 50,000 Southwest Rapid Rewards points after spending $2,000 in the first three months of card membership. Earn another 50,000 points (100,000 total) after spending a total of $12,000 in the first 12 months of card membership. This is a limited-time offer! 
  • Anniversary Bonus: Each year on your cardmember anniversary, you will receive 3,000 Rapid Rewards points.
  • Earn 2x Rapid Rewards Points per dollar spent on purchases with Southwest Airlines and its hotel and rental car partners.
  • New! Earn 2x Rapid Rewards Points per dollar spent on local transit and commuting purchases, including rideshare like Uber and Lyft. You’ll also earn 2x points per dollar spent on internet/cable, phone services, and select streaming purchases.
  • Earn 1x Rapid Rewards Points per dollar on all other spending on the card.
  • New! Get 2 Early Bird check-ins each year.
  • Chase 5/24 Rule: The card will be subject to the Chase 5/24 rule, so you may not be approved for the card depending on how many credit cards you’ve opened in the last two years.
  • Annual Fee: The card has an annual fee of $69, which is not waived for the first year of card membership.

 

Southwest Credit Card
 

Click Here to get more details on the Southwest Plus Credit Card.

 

The Southwest Rapid Rewards Premier Credit Card

  • Sign-Up Bonus: Earn 50,000 Southwest Rapid Rewards points after spending $2,000 in the first three months of card membership. Earn another 50,000 points (100,000 points total) after spending a total of $12,000 in the first 12 months of card membership. This is a limited-time offer! 
  • Anniversary Bonus: Each year on your cardmember anniversary, you will receive 6,000 Rapid Rewards points.
  • Earn 3x Rapid Rewards Points per dollar spent on purchases with Southwest Airlines.
  • New! Earn 2x Rapid Rewards Points per dollar spent on local transit and commuting purchases, including rideshare like Uber and Lyft. You’ll also earn 2x points per dollar spent on internet/cable, phone services, and select streaming purchases.
  • Earn 1x Rapid Rewards Points per dollar on all other spending on the card.
  • New! Get 2 Early Bird check-ins each year.
  • No foreign transaction fees
  • Chase 5/24 Rule: The card will be subject to the Chase 5/24 rule, so you may not be approved for the card depending on how many credit cards you’ve opened in the last two years.
  • Annual Fee: The card has an annual fee of $99, which is not waived for the first year of card membership.

 

Southwest Credit Card

 

Click Here to get more details on the Southwest Premier Credit Card.

 

The Southwest Rapid Rewards Priority Credit Card

  • Sign-Up Bonus: Earn 50,000 Southwest Rapid Rewards points after spending $2,000 in the first three months of card membership. Earn another 50,000 points (100,000 points total) after spending a total of $12,000 in the first 12 months of card membership. This is a limited-time offer!
  • Anniversary Bonus: Each year on your cardmember anniversary, you will receive 7,500 Rapid Rewards points.
  • Priority Boarding: Each cardmember anniversary, you will receive four upgraded boarding positions. Simply purchase an upgrade on the day of your travel with the Priority card. You’ll receive a boarding number between A1 and A15, and be reimbursed via statement credit within eight weeks.
  • Annual Travel Credit: Receive an annual travel credit of $75 to use on Southwest Airlines flights.
  • 20% Back on In-Flight Purchases: Receive 20% back via statement credits for in-flight purchases. This can be used for drinks, movies, and purchasing Wi-Fi and messaging.
  • Earn 3x Rapid Rewards Points per dollar spent on purchases with Southwest Airlines.
  • New! Earn 2x Rapid Rewards Points per dollar spent on local transit and commuting purchases, including rideshare like Uber and Lyft. You’ll also earn 2x points per dollar spent on internet/cable, phone services, and select streaming purchases.
  • Earn 1x Rapid Rewards Points per dollar on all other spending on the card.
  • New! Get 2 Early Bird check-ins each year.
  • New! Unlimited Tier Qualifying Points can be earned towards A-List status each year.
  • Chase 5/24 Rule: The card will be subject to the Chase 5/24 rule, so you may not be approved for the card depending on how many credit cards you’ve opened in the last two years.
  • Annual Fee: The card has an annual fee of $149, which is not waived for the first year of card membership.

 

Southwest Credit Card
 

Click Here to learn more about the Southwest Priority Credit Card.

 

New Southwest Credit Card Offers: Our Analysis

These are some of the best Southwest credit card offers we have ever seen. First and foremost, it puts earning the Southwest Companion Pass well within reach. After spending $12,000 within the first twelve months, you would end up with the 100,000 bonus points, plus at least 12,000 additional points for meeting that spend. If you are using the new category multipliers, that number would likely be higher.

Considering you need to earn 125,000 points in a calendar year to earn the Southwest Companion Pass, you wouldn’t need to spend much more to meet that number.

That being said, make sure you meet the first half of the spending requirement (spending $2,000 in the first three months of card membership) just after the new year in 2022 – and not sooner. Reason being, the Southwest Companion pass is good for the year you earn it and the entire following year. So the sooner you earned the pass in 2022, the more time you would have to enjoy it as it would last all the way through 2023. If you earn that first 50,000 points in 2021, they wouldn’t count towards earning a Companion Pass in 2022 – and 2023.

If you are not familiar with the Southwest Companion Pass, it allows you an unlimited number of buy one get one free (BOGO) flights for a companion of your choice an unlimited number of times while you hold it. There are no blackout dates and it doesn’t matter if you pay for your flight with cash or points, you’ll be able to add your companion for just the cost of taxes and fees ($5,60 each way on a domestic flight). You can even change your companion three times a year.

Unfortunately, Southwest recently devalued its mileage program. Generally speaking, using Southwest points got about 6% more expensive across the board. That means these 100,000 points won’t be as valuable as they were just a few months ago. However, these offers are all about earning the Companion Pass. And even with the devaluation, it is an incredible deal.

Read More: The Master Guide to Earning & Using the Southwest Companion Pass

 

What to Know Before You Apply

There are some considerations to be aware of before you apply.

Chase only lets you hold one Southwest personal credit card at a time. That means if you already have one Southwest credit card open, you will not be approved for a second card. On top of that, these welcome bonuses are not available if you have earned a welcome bonus on any of the three Southwest Airlines personal credit cards in the past 24 months (two years).

And of course, these cards are also subjected to the dreaded Chase 5/24 rule, so getting approved for one of these cards may be difficult depending on how many credit cards (from any bank, not just Chase) you’ve opened in the last 24 months.

But if you are eligible, these Southwest credit cards are easily among the best credit cards you can get if you are under the Chase 5/24 rule. That’s especially true if you’re working toward earning a Companion Pass.

 

Pair with a Chase Sapphire Preferred or Sapphire Reserve

All three of these Southwest credit cards make great companions to either the Chase Sapphire Reserve® or Chase Sapphire Preferred® Card cards. That’s because Chase Ultimate Rewards points can be transferred to your Southwest Rapid Rewards account on a 1:1 basis, where 1 Chase Point = 1 Southwest Rapid Reward Point. And those transfers are instant.
 

chase sapphire preferred card
 

Click Here to learn more about the Chase Sapphire Preferred Card. 
 

chase sapphire reserve
 

Click Here to learn more about the Chase Sapphire Reserve. 

 

Bottom Line

Chase has rolled out a few new card benefits and increased the sign-up bonus offer on the suite of Southwest credit cards to 50,000 points after spending $2,000 in the first three months of card membership. You can earn another 50,000 points (100K total) by spending a total of $12,000 in the first 12 months of card membership.

These limited-time offers put the coveted Southwest Companion Pass well within reach. And they’re some of the biggest Southwest credit card offers we’ve ever seen.
 

Editorial Disclaimer: Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, airlines or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

Disclaimer: The responses below are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser’s responsibility to ensure all posts and/or questions are answered.

7 Responses

  • Does the point transfer go the other way? Can the points in Southwest credit card be transferred to Chase Sapphire? Thanks

    • No, you’d simply have to apply while the offer is still available and then spend $5,000 within three months of being approved for the card.

  • My husband and I both have personal Chase SW cards and have had them more than 2 yrs, Could one of us cxl a personal card and reapply in a couple weeks to attain this bonus? Or would it trigger something negative with Chase?

    • Hi Kim. That absolutely should work. I would give it 30 days from when you close the card to reapply. And I would also suggest applying for a different version than you currently have.

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