I receive compensation for many links on this blog. You don’t have to use these links, but I am grateful to you if you do. American Express, Citibank, Chase, Capital One and other banks are advertising partners of this site. Any opinions expressed in this post are my own, and have not been reviewed, approved, or endorsed by my advertising partners. I do not write about all credit cards that are available -- instead focusing on miles, points, and cash back (and currencies that can be converted into the same).
Southwest Airlines Rapid Rewards® Premier Credit Card is back offering 50,000 points after $2000 in spending on purchases within 3 months of account opening.
The Southwest credit card 50,000 point offer is up from the standard offer of 25,000 points (after $1000 in spend).
50,000 points are worth $500 in gift cards, or can be worth over $700 in Southwest travel. The card also comes with 6000 points after each cardmember anniversary and has no foreign transaction fees. It has a $99 annual fee.
With the major airlines devaluing their programs, I’m finding Southwest more attractive. I flew them last week back from Las Vegas. They’ve got great schedules for me in Austin, and the experience was great for a 1090 mile flight. And of course my checked bag was free.
Indeed, members voted Southwest Rapid Rewards ‘Program of the Year’ in the Freddie Awards, which was held last week.
I’m a fan of two key elements of the Southwest program:
- no change or redeposit fees on awards
- a ‘companion pass’ after earning 110,000 points in a year (and credit card spend and signup bonuses count towards this).
The most intriguing aspect of the Southwest Rapid Rewards program is the companion pass and the signup bonus gets you a good chunk of the way there. When you earn 110,000 points in a year in the Southwest program you can earn a pass that allows someone to travel with you for free whenever you travel — whether you are traveling on paid tickets or on awards.
In addition to the 50,000 bonus points for signup, you earn points towards the companion pass by flying and through credit card spend. Transfers into Southwest from Chase Ultimate Rewards do not count. However, transfers from hotel programs do. So moving points from Chase to Hyatt to Southwest would do the trick.
Clicking on ‘Are you a business owner?’ on the application link shows that the business card also features the Southwest 50000 bonus point offer.
If you’ve had these cards before and are interested in coming back, consider applying if you haven’t received a bonus for them in the last 24 months.