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Southwest Airlines 50,000 Points Sign-Up Bonus Returns

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Update: Some offers mentioned below are no longer available. View the current offers here – Southwest Rapid Rewards Premier Credit Card

Chase is once again offering an increased sign-up bonus of 50,000 points for the Southwest Rapid Rewards Premier Card after you spend $2,000 in the first three months. This standard offer for this card is 25,000 miles. so this larger bonus is much more lucrative.

Here are the full details:

  • Get 50,000 points after you spend $2,000 on purchases in the first 3 months of opening your account.
  • Get 6,000 points after your Cardmember Anniversary.
  • Earn 2 points per $1 spent on Southwest Airlines® purchases made directly with the airline and on Rapid Rewards Hotel and Car Rental Partner purchases.
  • Earn 1 point per $1 spent on all other purchases.
  • Redeem points for gift cards, car rentals, cruises, hotel stays and international flights to over 800 destinations on 50+ global carriers.
  • No foreign transaction fees.

You can also earn 1,500 Tier Qualifying Points for every $10,000 you spend on the card, up to 15,000 points annually.

I value 50,000 Rapid Rewards points at about $650.

On the downside, Southwest Airlines recently made some changes to the Rapid Rewards program by introducing dynamic award pricing. The changes weren’t as drastic as some frequent flyers feared, but it was enough to make me drop the value of Rapid Rewards slightly in my most recent monthly valuations. Hopefully Southwest won’t continue to devalue its program, since it’s a pretty good option for domestic flights, and increasingly international ones as well.

Chase offers these 50,000 point sign-up bonuses periodically, but you never know if or when they’ll come around, and they usually only last for a few weeks. If the timing isn’t right for you now, my guess is that these offers will come back, but possibly not until the fall of 2015.

Check out these posts for more information on maximizing the offer:

Chase Sapphire Preferred® Card

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  • Earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $625 toward travel when you redeem through Chase Ultimate Rewards®
  • Named a 'Best Credit Card' for Travel Rewards by MONEY Magazine
  • 2X points on travel and dining at restaurants worldwide & 1 point per dollar spent on all other purchases.
  • Earn 5,000 bonus points after you add the first authorized user and make a purchase in the first 3 months from account opening
  • No foreign transaction fees
  • 1:1 point transfer to leading airline and hotel loyalty programs
  • Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards. For example, 50,000 points are worth $625 toward travel
  • No blackout dates or travel restrictions - as long as there's a seat on the flight, you can book it through Chase Ultimate Rewards
Intro APR Regular APR Annual Fee Foreign Transaction Fee Credit Rating
N/A 16.24%-23.24% Variable Introductory Annual Fee of $0 the first year, then $95 0% Excellent Credit