Home Credit Cards Chase Credit Cards ENDING: Get 80,000 Bonus Points With All Three Southwest Credit Cards

ENDING: Get 80,000 Bonus Points With All Three Southwest Credit Cards


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UPDATE: Some or All of the offer(s) mentioned in this post have now expired

Chase has had an 80,000 bonus point welcome offer on all three of its consumer Southwest co-branded credit cards since late last year but we now know that this offer isn’t going to be around for much longer.

The current welcome offers on all three of the consumer Southwest co-branded credit cards are expected to end in 12 days time (8 February) so if you have an eye on the reduced Companion Pass target that was announced earlier this month, you don’t have much longer to lock in the 80,000 bonus points that are on offer and get yourself within touching distance of free companion travel without having setting foot on an aircraft.

What You Need To Know

Southwest offers 3 personal credit cards through its partnership with Chase, and deciding on which Southwest Card is best for you will depend on your travel patterns and what you aim to achieve by applying for the credit card – a card that’s great in the short-term may not be quite so good in the long term.

These are the three personal cards that Chase issues:

And here’s an overview of what these three credit cards offer right now:

UPDATE: Some or All of the offer(s) mentioned in this post have now expired

Click to enlarge

This Year’s Companion Pass Target

It takes 125,000 Companion Pass qualifying points or 100 one-way qualifying flights to earn a Southwest companion pass but the airline made earning a companion pass significantly easier earlier this year when it deposited 25,000 Companion Pass qualifying points and 25 flight credits towards a Companion Pass into all Rapid Rewards member accounts.

Between the points Southwest has already gifted and the welcome bonus from any one of the three cards discussed in this post, a Rapid Rewards member would have 105,000 out of the 125,000 points needed for a Companion Pass – that’s 84% of the points needed.

Extra Information

Before I go on to discuss the difference between these cards and who each card is targeted at there are a few generalities that need to be addressed:

  • The bonus points included in the welcome offers on all three Southwest credit cards count towards the Companion Pass earnings target.
  • The points earned by spending on all three Southwest credit cards count towards the Companion Pass earnings target.
  • Based on the value I can easily achieve with Southwest points, I value each point at 1.3 cents each.
  • These cards are not available to current holders of any personal Southwest Rapid Rewards credit card, or former holders of any personal Southwest Rapid Rewards credit card who received a new Cardmember bonus within the last 24 months. This does not apply to holders of Southwest Rapid Rewards Business Card and Employee Credit Card products.

The Southwest Rapid Rewards Plus Credit Card

Best For

  • Travelers focused primarily on earning bonus points towards a Companion Pass with the lowest cash outlay.

Welcome Offer (EXPIRED)

By my valuation, the 80,000 bonus points from the welcome offer are worth $1,040 and that’s more than enough for multiple short-haul flights or even a longer trip to somewhere like Hawaii.

The 3 bonus points/dollar that are available for up to $2,000 of monthly spending with Southwest through 31 March 2021 are, effectively, a bonus rebate of 3.9% on that spending and would take the total rebate available (on the first $2,000 of monthly spending with Southwest) to 6.5%. If you’re a very frequent flyer with Southwest that’s a rebate that’s well worth having.

Also, as all the Southwest personal cards are currently promoting the same welcome offer, the Southwest Rapid Rewards Plus credit card is currently the best card for anyone whose primary aim is to maximize the number of points they can earn towards a Southwest Companion pass.

Annual Points Bonus

The Southwest Rapid Rewards Plus credit card offers cardholders 3,000 bonus points on their card anniversary. At 1.3 cents/point, that’s a bonus equal to $39 or 56.5% of the annual fee.

It’s incredibly easy to use Southwest Rapid Rewards points as they can be applied to most fares so the points from the annual anniversary bonus can be considered to be a genuine rebate.

In Summary

The Southwest Rapid Rewards Plus credit card is the cheapest Southwest card on the market and is perfect for travelers looking to maximize their points haul towards earning a Companion Pass while paying a low annual fee.

For travelers who are comfortable redeeming Southwest Rapid Rewards points and who would also like to be able to earn Southwest Rapid Rewards points when traveling abroad, the next card up will probably be a better fit.

Find out how to apply


The Southwest Rapid Rewards Premier Credit Card

Best For

  • Travelers who want to earn Southwest points at home and spending abroad while paying the lowest annual fee they can.
  • Travelers focused on earning bonus points towards a Companion Pass

Welcome Offer (EXPIRED)

By my valuation, the 80,000 bonus points from the welcome offer on the Southwest Rapid Rewards Premier credit card are worth $1,040 and that’s more than enough for multiple short-haul flights or even a longer trip to somewhere like Hawaii.

The 3 bonus points/dollar that are available for up to $2,000 of monthly spending with Southwest through 31 March 2021 are, effectively, a bonus rebate of 3.9% on that spending and would take the total rebate available (on the first $2,000 of monthly spending with Southwest) to 6.5%. If you’re a very frequent flyer with Southwest that’s a rebate that’s well worth having.

Annual Points Bonus

The Southwest Rapid Rewards Premier credit card offers cardholders 6,000 bonus points on their card anniversary. At 1.3 cents/point, that’s a bonus equal to $78 or 78.8% of the annual fee and that makes this card a lot more valuable. It even makes it (net) cheaper than the Plus card.

As it’s so easy to redeem Southwest Rapid Rewards points, this card effectively costs ~$21/year to hold ($99 less $78) and for a card that doesn’t charge foreign transaction fees that’s a very good deal.

In Summary

If you’re not a very frequent flyer with Southwest but are comfortable redeeming Rapid Rewards points and would like to be able to earn points when traveling abroad (as well as at home) this is probably the card for you.

The bonus points that the Southwest Rapid Rewards Premier credit card offers every card anniversary make this an incredibly cheap card to have in your wallet, and if you’re not a particularly frequent flyer with Southwest this card will probably offer you the best value.

Find out how to apply


The Southwest Rapid Rewards Priority Credit Card

Best For

  • Southwest frequent flyers

Welcome Offer (EXPIRED)

By my valuation, the 80,000 bonus points from the welcome offer on the Southwest Rapid Rewards Priority credit card are worth $1,040 and that’s more than enough for multiple short-haul flights or even a longer trip to somewhere like Hawaii.

The 3 bonus points/dollar that are available for up to $2,000 of monthly spending with Southwest through 31 March 2021 are, effectively, a bonus rebate of 3.9% on that spending and would take the total rebate available (on the first $2,000 of monthly spending with Southwest) to 6.5%. If you’re a very frequent flyer with Southwest that’s a rebate that’s well worth having.

Annual Points Bonus

The Southwest Rapid Rewards Priority credit card offers cardholders 7,500 bonus points on their card anniversary. At 1.3 cents/point, that’s a bonus equal to $97.50 or 65.4% of the annual fee.

As it’s so easy to redeem Southwest Rapid Rewards points, this card effectively costs ~$51.50/year to hold ($149 less $97.50) but that’s not where this card’s savings end.

This Is The Southwest Card That Can Pay For Itself

If you travel with Southwest with any degree of frequency (or plan to), the Southwest Rapid Rewards Priority credit card should pay for itself and you won’t need to do anything tricky to earn back the annual fee…and more.

Every year this card offers the following:

  • 7,500 anniversary points worth $97.50
  • Up to $75 in Southwest statement credits
  • Four upgraded boardings worth a minimum of $30 each

That’s a total value of $292.50 from a card that costs $149/year to hold…and I haven’t even factored in the 20% discount that the Southwest Rapid Rewards Priority credit card offers on all in-flight drink and Wi-Fi purchases, or the value of the points that you’ll earn from using this card when you spend.

In Summary

If you fly (or intend to fly) with Southwest with any kind of frequency, the Southwest Rapid Rewards Priority credit card is the best personal Southwest co-branded card for you to hold…and by a distance.

The statement credits and upgraded boardings should be more than enough to offset the annual fee so when you also add in all the other savings this card offers the value it offers becomes obvious.

Find out how to apply


For Completeness

I have deliberately not discussed the fact that the Priority Card and the Premier Card also both offer 1,500 Tier-Qualifying points for every $10,000 spent (up to a maximum spending limit of $100,000) as I don’t see this as being a key factor in deciding which card is best (and for whom). Also, this is, at best, only going to be of interest to a very small number of people who are willing to put a lot of spending on their Southwest credit cards.

Bottom Line

There’s a personal Southwest credit card for everyone in this range and with a great 80,000 point welcome bonus on each card, and with each card also offering 3 bonus points per dollar for Southwest spending through 31 March 2021, you don’t have to worry about which card is offering the better bonus when considering which one to apply for. All you have to do to decide which card best for you is to work out what it is you most want from the card and how often you’ll be flying with Southwest.

For frequent flyers, the Southwest Rapid Rewards Priority credit card will almost certainly be the best option, novices and travelers primarily focused on earning points towards a Companion Pass may prefer the low annual fee of the Southwest Rapid Rewards Plus credit card, while more seasoned travelers who don’t use Southwest all that often may prefer the Southwest Rapid Rewards Premier credit card. All three cards will get a Rapid Rewards member at least 84% of the way to earning a Companion Pass in 2021.

Don’t forget: These welcome offers are expected to end on 8 February 2021 (in 12 days’ time!)

A Fantastic No Annual Fee Card

The Freedom Flex Credit Card is a no annual fee card from Chase and although it was only released in September 2020, it has quickly become a “must-have” credit card for fans of Chase’s Ultimate Rewards program. Fantastic earning rates, useful benefits, and no annual fee is always a winning combination.

Some Of The Great Earning Rates & Benefits:

  • 5% cash back (or 5 points/dollar) on:
    • Up to $1,500 of spending in quarterly revolving categories
    • Travel purchased through Chase’s travel portal
    • Lyft rides through March 2022
  • 3% cash back (or 3 points/dollar) on:
    • Dining (includes take-out and delivery)
    • Spending at drugstores
  • 1% cash back (or 1 point/dollar) on spending in all other categories
  • Complimentary cell phone protection

Click for more details on the Chase Freedom Flex Credit Card

Regarding Comments

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

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