Disclaimer: This content is not provided or commissioned by Chase Bank USA, N.A. Opinions expressed here are author's alone, not those of Chase Bank USA, N.A, and have not been reviewed, approved or otherwise endorsed by Chase Bank USA, N.A. "Sponsored" above means this site may be compensated through the Chase Bank USA, N.A Affiliate Program.
Author: Tim The Southwest credit card is currently offering a great signup bonus: Get 25,000 points for 1 Roundtrip Flight after you spend $1,000 on purchases in the first 3 months of opening your account. Government fees as low as $12 not included. Plus, there's an anniversary bonus of 6,000 points each year.
Each point is worth 1.43 cents of Wanna Get Away fare. This means the anniversary bonus is worth worth $86 in Wanna Get Away fare, nearly offsetting the $99 annual fee.
Moreover, the card gives an ongoing rewards rate of 2 points per $1 on Southwest and 1 per $1 elsewhere, for a rewards rate of 2.86% on Southwest purchases and 1.43% elsewhere when you redeem on Southwest. This is much better than many other cards. Plus, it has no foreign transaction fee, so you'll be okay if you go overseas.
While the reward rate is above average, with a $99 annual fee and a fairly industry average APR, we would primarily recommend this card to frequent Southwest travelers. If you aren't wedded to just one airline, consider the Barclaycard Arrival Plus™ World Elite MasterCard®.
We want to hear from you and encourage a lively discussion among our users. Please help us keep our site clean and safe by following our posting guidelines, and avoid disclosing personal or sensitive information such as bank account or phone numbers. Any comments posted under NerdWallet's official account are not reviewed or endorsed by representatives of financial institutions affiliated with the reviewed products, unless explicitly stated otherwise.
*Disclaimer: We try to keep information accurate and up to date, however we cannot make warranties regarding the accuracy of our information. Please verify FDIC Insurance / NCUA Insurance status, credit card information, and interest rates during the application process. Please note that NerdWallet has financial relationships with some of the merchants mentioned here. NerdWallet may be compensated if consumers choose to utilize the links located throughout the content on this site and generate sales for the said merchant.