Home » Credit Card Offers » Southwest Rapid Rewards Premier Sign-up Bonus

Southwest Rapid Rewards Premier Sign-up Bonus

Southwest Rapid Rewards Premier Sign-up Bonus

*Editorial Note: The content of this article is based on the author’s opinions and recommendations alone. It may not have been reviewed, approved or otherwise endorsed by the credit card issuer. This site may be compensated through a credit card issuer partnership.

This article was last updated Jan 02, 2020. Terms and conditions may have changed. For the most accurate information, please consult the issuer website.

For those who fly Southwest Airlines frequently and are members of the Rapid Rewards loyalty program, adding the Southwest Rapid Rewards® Premier Credit Card to your wallet can help pad your Rapid Rewards mileage bank.

It card offers the following sign-up bonus: Earn up to 80,000 points. Earn 50,000 points after you spend $2,000 on purchases in the first 3 months. Earn an additional 30,000 points after you spend $10,000 on purchases in the first 9 months. You can also earn bonus points each year on your cardmember anniversary, and earn tier qualifying points toward A-List status. Still, you should also be aware that the card does charge a $99 annual fee.

We’ll break down whether you’re eligible for the sign-up bonus, ways you can use your points and other factors to consider when evaluating whether this card is right for you.

In this article:

 

Are you eligible for the Southwest Rapid Rewards® Premier Credit Card sign-up bonus?

You won’t be able to earn this sign-up bonus if:

  • You already have one of the Southwest Rapid Rewards credit cards.
  • You previously had one of the Southwest Rapid Rewards credit cards and received a new cardmember bonus within the past 24 months.

Note that the first point does not apply to business and employee cards, so if you’re a business owner with a Southwest Rapids Rewards business credit card — or if you’re an employee who has been issued such a business card — you can still earn the bonus on your personal card.

To earn the sign-up bonus, you’ll need to make at least $1,000 worth of purchases within the first three months from opening your account — that averages out to a little more than $333 each month. The following types of transactions don’t count toward the spending requirement:

  • Balance transfers
  • Cash advances
  • Travelers checks
  • Foreign currency
  • Money orders
  • Wire transfers or similar cash-like transactions
  • Lottery tickets
  • Casino gambling chips
  • Race track wagers or similar betting transactions
  • Any checks that access your account
  • Interest
  • Unauthorized or fraudulent charges
  • Fees of any kind (including an annual fee, if applicable)

How can you use your sign-up bonus?

The best way to use your points is to book flights through Southwest Airlines. The number of points required to cover a ticket will vary depending on a variety of factors, including where you want to go and when you plan to travel. Pay attention to when tickets go on sale, because those flights will require fewer points to cover a booking. Southwest covers more than 99 destinations in the United States, Mexico and the Caribbean.

One downside, though, is that you can’t mix points and dollars — you must have enough points to cover the cost of the entire ticket. However, you can book a one-way ticket with points, then book another one-way ticket back with out-of-pocket money, rather than booking a round-trip ticket.

Through the More Rewards program, you can also use points for the following:

  • Gift cards
  • Merchandise
  • International flights
  • Hotel stays
  • Rental cars
  • Cruises, spa packages and more

However, always do the math when choosing a redemption option and make sure you’re getting a good value. For example, a $25 Apple App Store gift card will cost you 3,000 Southwest points, which means you’re getting about $0.0083 per point. Getting less than 1 cent per point is a weak redemption value, so you’re probably better off using your points for travel.

Transferring rewards

Though you can’t transfer your Southwest points to another loyalty program, you can transfer your points to another Southwest member. But there is a cost — 1 cent per point.

That’s pretty steep, so unless you’re set on using your points as a gift, it’s probably better not to transfer them. What would be the better option is to use your points to buy a ticket for that person.

If you do decide to transfer points, the minimum amount to transfer is 2,000, and you can transfer the points in blocks of 1,000 (during promotional periods) or blocks of 500 (in non- promotional periods). The daily maximum to transfer is 60,000 points.

Other ways to earn rewards

When using this card, you can earn 2 points per $1 spent on Southwest® purchases and Rapid Rewards® hotel and car rental partner purchases. 1 point per $1 spent on all other purchases.

One great thing about these points? They can help you earn Southwest’s valuable Companion Pass, which you can earn by racking up 125,000 qualifying points (or by flying 100 qualifying one-way flights) in the course of a calendar year. The Companion Pass allows one person to fly with you free every time you buy or redeem points for a Southwest ticket. (Note that you will still have to pay taxes and fees when using the Companion Pass.)

Another way this card helps you earn points is when you receive 6,000 bonus points every account anniversary year.

Finally, you can earn 1,500 tier qualifying points (TQPs) for each $10,000 you spend on purchases, up to $100,000 spent per calendar year — that’s a maximum of 15,000 TQPs per year. TQPs help you toward A-List Status, which can be earned either by making 25 qualifying one-way flights or by earning 35,000 TQPs (both requirements are for a calendar year).

A-List Status on Southwest Airlines comes with the following benefits:

  • Priority boarding
  • Priority check-in and security lane access
  • 25% earning bonus (earn bonus points on qualifying flights)
  • Dedicated A-List member phone line
  • Free same-day standby in case you want an earlier flight

The bottom line

If you fly Southwest Airlines frequently and want to earn rewards points you can use toward flights — and if you don’t mind a $99 annual fee — the Southwest Rapid Rewards® Premier Credit Card could be a good card for you.

In addition to a generous sign-up bonus, the card offers great value if you earn the Companion Pass each year.


Recommended Posts:

Read More

Wells Fargo Propel American Express Welcome Offer

If you want to earn an influx of rewards that can be used toward travel, cash, merchandise and more, you should take a look at the Wells Fargo Propel American Express® card. Along with offering an elevated rewards rate on everyday purchases, such as at gas stations, on ride-sharing and streaming services, the Wells Fargo Propel American Express® card comes with a fairly lucrative welcome offer […]

Read More

Read More

Gold Delta SkyMiles Credit Card from American Express Welcome Offer

If you’re looking for an airline card that has a strong welcome offer, good ongoing rewards and a reasonable annual fee, the Delta SkyMiles® Gold American Express Card fits the bill. The card offers the following welcome bonus: Earn 35,000 bonus miles after you spend $1,000 in purchases on your new Card in your first 3 months. Plus, card members can earn an elevated rewards rate at restaurants and U.S. supermarkets. Just know, the Delta SkyMiles® Gold American Express Card also comes with a […]

Read More

Read More

Earn 15,000 Bonus Miles With the Delta SkyMiles Blue Card

The Delta SkyMiles® Blue American Express Card could be a good addition to your wallet if you want the benefits of carrying a Delta SkyMiles card without paying an annual fee. The card recently launched a limited-time welcome offer and added a new rewards category. Now, the sign-up bonus is Earn 10,000 bonus miles after you spend $500 in purchases on your new Card in your first 3 months. Are you eligible for the Delta SkyMiles® Blue American Express Card? How can you use […]

Read More