Chase’s Southwest Rapid Rewards® Plus Credit Card is a solid option for those who are fans of the airline’s no-frills simplicity and lower-cost flights. There are more than 100 destinations Southwest Airlines can take you to, including a number of U.S. locations. It’s also one of the few airlines that still offers free checked bags.
Here are three of the most valuable benefits offered by the Southwest Rapid Rewards® Plus Credit Card.
Like many travel credit cards, the Southwest Rapid Rewards® Plus Credit Card offers a welcome bonus: Earn 40,000 points after you spend $1,000 on purchases in the first 3 months your account is open.
Even better? There’s a welcome bonus and the spending requirement, about $334 a month, is reasonable for most people.
The card does come with a $69 annual fee. Using NerdWallet’s valuation of Rapid Rewards points at 1.4 cents each, the welcome bonus is worth about $560.
» Learn more: Chase 5/24 rule explained
Anniversary points annually
Every anniversary, cardholders receive 3,000 bonus points for having the card. Using NerdWallet’s valuation, this is a $42 per year bonus, which drops the annual fee to $27.
One of the best perks provided by Southwest is the ability to earn a Companion Pass. Fly 100 one-way flights or reach 125,000 qualifying points within a year and your chosen companion can fly with you for almost free — you’ll have to pay taxes and fees on the ticket, which start at $5.60.
Once you earn the Companion Pass, it’s valid for the rest of the year in addition to the following calendar year, giving you the chance to score 2-for-1 flights for a while.
» Learn more: The pros and cons of Southwest’s Companion Pass
How to maximize your rewardsYou want a travel credit card that prioritizes what’s important to you. Here are our picks for the best travel credit cards of 2020, including those best for:
- Airline miles and a large bonus: The Chase Sapphire Preferred® Card
- No annual fee: The Wells Fargo Propel American Express® card
- Flat-rate rewards with no annual fee: The Bank of America® Travel Rewards credit card
- Premium travel rewards: The Chase Sapphire Reserve®
- Luxury perks: The Platinum Card® from American Express
- Business travelers: The Ink Business Preferred® Credit Card
Planning a trip? Check out these articles for more inspiration and advice:
Benefits of Southwest Airlines credit cards
Southwest Rapid Rewards Program: The complete guide
Find the best travel credit card for you