Free Ticket and 10% Cash Back (in Gift Cards) on First $5000 in Spend from Southwest Airlines Visa

Chase is offering a Southwest Airlines Visa that comes with 16 Rapid Rewards credits on first purchase (enough for a free flight) and Southwest Airlines gift cards based on your spend in the first 3 months with the card:

  • $100 gift card after your first $1000 in purchases
  • $150 gift card after your first $2500 in purchases
  • $250 gift card after your first $5000 in purchases

At each spending threshold it amounts to 5%10% cash back to spend on Southwest in addition to the regular credits for spending and in addition to the Rapid Rewards credits at first purchase.

That’s a pretty attractive first purchase offer and cash back offer in the first three months. First year annual fee is waived, but if you keep the card then the regular $59 annual fee comes with 2 Rapid Rewards credits each year.

Separately don’t forget that you can get 75,000 American Airlines miles after $4000 in spend within 6 months and first year fee waived from Citibank. (And in many cases, get the bonus twice.. once for a personal card and once for a small business card.)

(HT: Frugal Travel Guy)

Update: I really shouldn’t post at 5am, I’ve fixed my math to say the deal is 10% cash back ($500 Southwest gift cards on $5000 spend) not 5%…

About Gary Leff

Gary Leff is one of the foremost experts in the field of miles, points, and frequent business travel - a topic he has covered since 2002. Co-founder of frequent flyer community Milepoint.com, emcee of the Freddie Awards, and named one of the "World's Top Travel Experts" by Conde' Nast Traveler (2010-Present) Gary has been a guest on most major news media, profiled in several top print publications, and published broadly on the topic of consumer loyalty. More About Gary »

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Comments

  1. Isn’t it 10% cash back?

    100 = 10% of $1,000

    150 = 10% of ($2,500 – $1,000)

    250 = 10% of ($5,000 – $2,500)

    or…

    500 = 10% of $5,000

    I loathe flying W9 (always have the most annoying human beings on earth sit next to me), but I couldn’t resist this deal. It’s gone really smoothly – free flight posted with my first statement, gift cards took a bit longer to arrive, but I got them all within a month or 6 weeks of hitting the required spend.

  2. Your assumption that it’s an equal cashback percentage across the board is what’s killing you. 10% isn’t right either.

    * $100 gift card after your first $1000 in purchases (10%)
    * $150 gift card after your first $2500 in purchases (6%)
    * $250 gift card after your first $5000 in purchases (5%)

  3. Oh ho! I clicked through to the link and see that it’s additional gift cards. So it is 10%, but on your site it should look like the below (since you didn’t specify that it’s cumulative rather than total, like most listings of that type).

    * $100 gift card after your first $1000 in purchases (10%)
    * $250 gift card after your first $2500 in purchases (10%)
    * $500 gift card after your first $5000 in purchases (10%)

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