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Why You Should Be Earning Rapid Rewards Points

Dec. 20, 2018
Loyalty Programs, Travel, Travel Credit Cards
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Want to get away? Southwest Airlines and its rewards system is a good place to start.

According to NerdWallet’s latest research, Rapid Rewards are valued at an average of 1.7 cents per point.

But that’s just one reason to start earning Rapid Rewards points. Here are four others.

Long live the points

One downside to earning airline miles or points is that sometimes you miss the chance to redeem them, and end up leaving free money on the table. To that end, Southwest’s Rapid Rewards are a standout.

» Learn more: The complete guide to Southwest Airlines Rapid Rewards

Points don’t expire as long as you make one qualified purchase every two years. Southwest Airlines credit card users have it even better, as their points stay active as long as the account is open.

Credit card power

If you’re a fan of racking up points through credit card use, Southwest Airlines has some great offers. The airline has four co-branded credit cards through Chase.

Specifically, the Southwest Rapid Rewards® Premier Credit Card is worth a look. Cardholders get 2 points per $1 spent with Southwest Airlines and its hotel and car rental partners and 1 point per $1 spent on everything else.

» Learn more: NerdWallet’s top travel credit cards

There is a $99 annual fee with this card, but the Southwest Rapid Rewards® Premier Credit Card packs enough other benefits to make it worthwhile. Earn up to 60,000 points. Earn 40,000 points after you spend $1,000 on purchases in the first 3 months your account is open. Plus, earn 20,000 points after you spend $12,000 on purchases in the first 12 months your account is open. And you get 6,000 bonus points after your Cardmember anniversary.

Card-to-card love

Diners Club and Chase Sapphire® Card cardholders can get an added boost by transferring their rewards points to Rapid Rewards. Diners Club Rewards points transfer at a rate of 1.34 points to one Rapid Rewards point, while Chase Ultimate Rewards® points transfer at a rate of one-to-one.

Plenty of options

Southwest Airlines offers plenty of ways to earn Rapid Rewards other than using branded credit cards. You can earn rewards with hotels partners, car rentals, filling up at Marathon gas stations, using NRG Home or Reliant as your home’s energy provider and more.

How to maximize your rewards

You want a travel credit card that prioritizes what’s important to you. Here are our picks for the best travel credit cards of 2019, including those best for:

Planning a trip? Check out these articles for more inspiration and advice:
Which Southwest credit card should I get?
4 things the Southwest Rapid Rewards program gets right
9 ways to earn travel rewards you’ll actually use

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