Is Southwest Rapid Rewards Priority Credit Card Worth the Annual Fee?

Rosemarie ClancyFeb 24, 2020

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You might have applied for the last year when Chase was offering a Companion Pass for the rest of 2019, along with a welcome bonus. That was a great deal if you got in on it, and hopefully you were able to maximize both the points and Companion Pass.

But in the coming months, the annual fee of will be due, and you’ll need to determine if the continuing card perks are worth it.

Consider the benefits you have used, beyond the Companion Pass and welcome bonus, to determine whether this card is worth a space in your wallet and the cash outlay. Also, think about how much you plan to fly Southwest to help you decide if it’s worth renewing.

Let’s take a look at the benefits and point-earning ability of the to help you evaluate whether the annual fee is worth it:

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If you fly Southwest regularly because it services your home airport, the may be worth keeping. You get 2 points per $1 spent on Southwest purchases (including those with Rapid Rewards hotel and rental car partners), and 1 point on everything else.

Cardholders receive 7,500 points every anniversary. If you’ve already got a good stash of Rapid Reward points, this is a nice chunk to add to it. It could be just what you need to book that vacation you’ve been eyeing.

The also comes with an annual $75 credit toward Southwest purchases.

So figure that perk into your calculations. Between this credit and the anniversary points, the card practically pays for itself, provided you use both benefits.

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If you fly Southwest enough, you know that the airline does not give out seat assignments in advance. However, Southwest does offer early boarding, which can be purchased for $30-$50. With the , you get four upgraded boardings every year, allowing you to board in group A1-A15.

Cardholders earn 1,500 points toward elite status for every $10,000 spent on the card. That benefit is capped at 15,000 tier qualifying points per year.

You may have grown fond of the Companion Pass benefit. If that’s the case, then you can devise a . Keep in mind that you get to use the pass for the remainder of the year you earned it as well as the following year.

You want a travel credit card that prioritizes what’s important to you. Here are our picks for the , including those best for:

Planning a trip? Check out these articles for more inspiration and advice:

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