50,000 Points (up to $833 in Flights) for Chase Southwest Rapid Rewards Plus Credit Card

Oct 17, 2011

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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 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.

Southwest Reward Chart – the amount of points needed depends on the value of the ticket and fare type

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.

 

Chase Sapphire Preferred® Card

WELCOME OFFER: 80,000 Points

TPG'S BONUS VALUATION*: $1,650

CARD HIGHLIGHTS: 2X points on all travel and dining, points transferrable to over a dozen travel partners

*Bonus value is an estimated value calculated by TPG and not the card issuer. View our latest valuations here.

Apply Now
More Things to Know
  • Earn 80,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $1,000 when you redeem through Chase Ultimate Rewards®. Plus earn up to $50 in statement credits towards grocery store purchases within your first year of account opening.
  • Earn 2X points on dining including eligible delivery services, takeout and dining out and travel. Plus, earn 1 point per dollar spent on all other purchases.
  • Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards®. For example, 80,000 points are worth $1,000 toward travel.
  • With Pay Yourself Back℠, your points are worth 25% more during the current offer when you redeem them for statement credits against existing purchases in select, rotating categories.
  • Get unlimited deliveries with a $0 delivery fee and reduced service fees on eligible orders over $12 for a minimum of one year with DashPass, DoorDash's subscription service. Activate by 12/31/21.
  • Count on Trip Cancellation/Interruption Insurance, Auto Rental Collision Damage Waiver, Lost Luggage Insurance and more.
  • Get up to $60 back on an eligible Peloton Digital or All-Access Membership through 12/31/2021, and get full access to their workout library through the Peloton app, including cardio, running, strength, yoga, and more. Take classes using a phone, tablet, or TV. No fitness equipment is required.
Regular APR
15.99%-22.99% Variable
Annual Fee
$95
Balance Transfer Fee
Either $5 or 5% of the amount of each transfer, whichever is greater.
Recommended Credit
Excellent/Good

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