50,000 Points (up to $833 in Flights) for Chase Southwest Rapid Rewards Plus Credit Card
This post contains references to products from one or more of our advertisers. We may receive compensation when you click on links to those products. For an explanation of our Advertising Policy, visit this page.
Update: Some offers mentioned below are no longer available. View the current offers here – Southwest Rapid Rewards Premier Credit Card
Chase just launched a new Southwest co-branded card which comes with 50,000 Rapid Rewards points after your first purchase, which is up to $833 in Wanna Get Away fares. This offer is similar to their previous 50,000 point Premier Visa Signature offer (update: the Premier still appears to be available when you look at the bottom of the page of the Plus card link – I was told it was no longer available so if you apply I’d take screenshots), but this annual fee is only $69 vs. $99. However the yearly retention bonus is 3,000 points ($50 in Wanna Get Away fares) vs. the Premier’s 6,000 ($100) so if you value elite points and will keep the card, then paying a little more for the Premier might make more sense. I’ve been told the end date for the Plus card’s limited time offer is November 17, 2011 – but that could change, so I’ll keep this post updated if I hear anything new.
Some key benefits of Southwest –
– 2 free checked bags
– Points don’t expire as long as you have any qualifying activity within 24 months
– No change fees. If you cancel a flight, you get your money back in the form of a voucher towards a future flight.
In a nutshell, I think this is a great offer if you have Southwest travel coming up, plus these points count towards the 110,000 needed for the companion pass, which is one of the best perks in the airline business. Once you get a companion pass, someone else can join you for free on any flight you take.
After you factor out the initial $69 fee, you are getting at least $764 towards Wanna Get Away fares, which can be enough for several roundtrip flights depending on the routes you fly. The Chase marketing team just uses “2 Free Roundtrips” to help simplify the message, but in reality this could be more or less depending on the value of the flights you taken because Southwest has a fixed value loyalty program. To read about their new program, check out this post.
If you’ve recently applied for a Chase card within the past 6 months you may initially get denied for this card, but Chase has a very generous reconsideration line staffed with rational human beings – for the most part. See this post on how people got reconsidered successfully for the Sapphire Preferred – the same general rules apply. You may be asked to shift around the credit lines of other cards, but usually they will work with you to get you approved. If you got the Southwest Premier 50k offer, I’m not 100% sure if you’d be eligible for this as well. Technically they are different products and I don’t see anything in the T&C prohibiting this sign-up bonus if you’ve had another Southwest card. If anyone has any experience getting both (or not) please feel free to comment below.
With some great bonus categories, the American Express Gold Card has a lot going for it. The card offers 4x points at US restaurants, at US supermarkets (up to $25,000; then 1x), and 3x points on flights booked directly with airlines or through amextravel.com. It is currently offering a welcome bonus of 35,000 bonus points after you spend $2,000 in the first three months.
- Earn 35,000 Membership Rewards® Points after you spend $2,000 on eligible purchases with your new Card within the first 3 months.
- Earn 4X Membership Rewards® points at U.S. restaurants. Earn 4X Membership Rewards® points at U.S. supermarkets (on up to $25,000 per year in purchases, then 1X).
- Earn 3X Membership Rewards® points on flights booked directly with airlines or on amextravel.com.
- Earn up to $10 in statement credits monthly when you pay with The Gold Card at Grubhub, Seamless, The Cheesecake Factory, Shake Shack, and Ruth's Chris Steak House. This is an annual savings of up to $120. Enrollment required.
- $100 Airline Fee Credit: up to $100 in statement credits per calendar year for incidental fees at one selected qualifying airline.
- Choose to carry a balance with interest on eligible charges of $100 or more.
- No Foreign Transaction Fees.
- Annual Fee is $250.
- Terms apply.
- See Rates & Fees