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Folks who like Southwest points or are hoping to earn the Southwest Companion Pass should consider one of the Chase Southwest personal cards, including the Southwest Rapid Rewards® Premier Credit Card.
It’s got a substantial welcome bonus of 40,000 Southwest points (worth ~$600 in Southwest flights) after spending $1,000 on purchases in the first 3 months of account opening. It’s also got a $99 annual fee, not waived the first year – but comes with nice benefits and perks that can make it worth getting and keeping.
There are 2 other personal Southwest cards which currently have identical welcome bonuses – the Southwest Rapid Rewards® Priority Credit Card ($149 annual fee) and Southwest Rapid Rewards® Plus Credit Card ($69 annual fee).
So why consider this card? Is the Southwest Rapid Rewards Premier Credit Card worth it?
Here’s what you should think about before pulling the trigger on the Southwest Rapid Rewards Premier Credit Card.
The Southwest Rapid Rewards Premier Card Is Worth It (But Consider Other Southwest Cards Too)
Apply Here: Southwest Rapid Rewards® Premier Credit Card
With the Chase Southwest Premier, you’ll earn 40,000 Southwest points (worth ~$600 in Southwest flights) after spending $1,000 on purchases in the first 3 months of account opening. There’s a $99 annual fee, not waived the first year.
You can make up for the annual fee with the card’s perks, which include:
- 2 Southwest points per $1 on Southwest Airlines purchases
- 1 Southwest point per $1 on every other purchase
- 6,000 Southwest points every cardmember anniversary (worth ~$90 in Southwest airfare)
The anniversary points alone nearly negate the annual fee, so if you’ll redeem them for Southwest flights you’re already in good shape. You’ll also get perks like:
- No foreign transaction fees
- Rental car insurance (secondary in the US, primary outside the US or if you don’t have your own auto insurance)
- Travel accident insurance
- Trip delay insurance
- Baggage delay insurance / lost luggage reimbursement
- Extended warranty protection
- Purchase protection
- … and more
If you make the most of the Chase Southwest Premier, you’ll come out ahead. But keep in mind there are 2 other Chase Southwest cards, and you can only have one Southwest personal card at a time now. So have a look that the other 2 cards before you decide on the Chase Southwest Premier.
The Southwest Priority or Plus Cards Might Suit You Better
Of the 3 Southwest personal cards, the Southwest Priority card is actually my favorite. Even though it has the highest annual fee ($149), if you fly Southwest a lot you can actually get a value worth much more than the yearly cost from goodies like an annual $75 Southwest credit, 4 upgraded boardings a year, and 7,500 Southwest points (worth ~$113 in airfare) each card anniversary. Here’s more about the Chase Southwest Priority’s benefits and perks and our review of the card.
With the lowest annual fee ($69), the Southwest Plus card might be a better fit if you just want the lowest cash outlay in the first year. It comes with fewer perks, like 3,000 points on your card anniversary (worth ~$45 in airfare), and it charges foreign transaction fees. So it’s not a good choice if you want a card you can use abroad. Here’s Erin’s post about why the Southwest Plus is her top Southwest card pick. You can also read our full review of the Southwest Plus here.
Still having trouble deciding? Here’s a chart summarizing what you’ll get with each personal Chase Southwest card.
|Southwest Premier Card||Southwest Plus Card||Southwest Priority Card|
|Earnings on Spending||• 2X Southwest points with Southwest and Rapid Rewards hotel and car rental partner purchases|
• 1X Southwest points on all other purchases
|• 2X Southwest points with Southwest and Rapid Rewards hotel and car rental partner purchases|
• 1X Southwest points on all other purchases
|• 2X points per $1 spent on Southwest purchases and Rapid Rewards car and hotel purchases
• 1X points per $1 on all other purchases
|Anniversary Points||6,000 (worth ~$90 in Southwest flights)||3,000 (worth ~$45 in Southwest flights)||7,500 (worth ~$113 in Southwest flights)|
|Foreign Transaction Fees||None||3%||None|
|Other Perks||Up to $75 in statement credits for eligible Southwest purchases each account anniversary year
4 upgraded boardings (position A1 to A15) per account anniversary year (worth up to $200)
20% discount on Southwest inflight purchases
Earn 1,500 tier qualifying points (TQPs) for each $10,000 in purchases up to $100,000 in purchases annually (which equal 15,000 TQPs) - this can help you earn elite status
And don’t forget, even if you have a Chase Southwest personal card open, you can still qualify for the Southwest Rapid Rewards® Premier Business Credit Card if you have a small business. It comes with 60,000 Southwest points after spending $3,000 on purchases in the first 3 months of account opening, with a $99 annual fee. Here’s our review of the Southwest Premier Business card.
Note: All of the Southwest cards are subject to the Chase 5/24 rule, which means if you’ve opened 5+ cards (from any bank, excluding certain business cards) in the past 24 months, you won’t be approved.
The Southwest Rapid Rewards® Premier Credit Card is definitely worth it, and not just for the 40,000 Southwest point welcome bonus you’ll earn after meeting minimum spending requirements. In fact, the 6,000 Southwest points (worth $90 in airfare) you’ll earn each card anniversary knocks out most of the $99 annual fee.
It also comes with goodies like travel and shopping protections and no foreign transaction fees. It’s a nice deal!
BUT – before you jump on the Southwest Premier card, be sure to consider the other personal Chase Southwest cards as well. You can only have one at a time, so check out:
- Southwest Rapid Rewards® Priority Credit Card ($149 annual fee) – Geared to frequent Southwest flyers with better travel perks including a Southwest statement credit
- Southwest Rapid Rewards® Plus Credit Card ($69 annual fee) – Lowest annual fee and ideal if you won’t travel overseas with it and just want the least expensive card
Which of the Southwest cards is your favorite? Do you think the Southwest Premier is worth it?