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For a limited time, Southwest and Chase are offering an increased sign-up bonus on a few of their co-branded credit cards. If you sign up for any of the three following cards, you’ll earn the increased sign-up bonus of 60,000 points after meeting the minimum spend requirements: the Southwest Rapid Rewards Premier Credit Card, the Southwest Rapid Rewards Plus Credit Card or the Southwest Rapid Rewards Premier Business Credit Card.
Here’s how the bonuses with minimum spend requirements break down for each of the three cards:
- Southwest Rapid Rewards Premier Credit Card: Earn 60,000 bonus points after spending $2,000 in the first three months
- Southwest Rapid Rewards Plus Credit Card: Earn 60,000 bonus points after spending $2,000 in the first three months
- Southwest Rapid Rewards Premier Business Credit Card: Earn 60,000 bonus points after spending $3,000 in the first three months.
This 60,000-point offer comes around every once in a while. Most recently, we saw the sign-up bonus on two of the cards increased to this elevated offer back in June before they dropped back to their normal level of 40,000 points. This limited-time sign-up bonus doesn’t have a set end date, but it’s better to act sooner rather than later, before the bonus drops to its normal level. Based on TPG’s most recent valuations, the 60,000 points you’ll get with each of the cards are worth $900.
With the Southwest Rapid Rewards Premier Credit Card, you’ll earn 2x points on Southwest purchases and 1x points on all other purchases. In addition, you’ll get 6,000 bonus points after your cardmember anniversary. There are no foreign transaction fees on the card, and the Rapid Rewards points you earn will never expire as long as your account is open. The card comes with a $99 annual fee. The business version of this card, the Southwest Rapid Rewards Premier Business Credit Card, will allow you to earn 2x points on Southwest purchases and 1x points on everything else. You’ll get 6,000 bonus points after your cardmember anniversary, employee cards at no additional cost and no foreign transaction fees. It comes with a $99 annual fee.
The other personal card with this increased offer, the Southwest Rapid Rewards Plus Credit Card, will allow you to earn 2x points on Southwest purchases and 1x points on everything else. You’ll get 3,000 bonus points after your cardmember anniversary, and your points will never expire as long as your account is open. Keep in mind you will be charged foreign transaction fees with this card (3%). The card comes with a $69 annual fee.
The real value from these increased sign-up bonuses comes from the using them to work toward the coveted Southwest Companion Pass, one of the most valued frequent flyer perks in the industry. With the pass, a friend or family member can travel with you for almost free on any paid or award ticket (you’ll just need to pay the taxes and fees). You need to earn 110,000 Southwest points for the pass, which is valid for up to almost two years.
If you sign up for one of the personal cards and the business card and meet the $5,000 in minimum spending requirements, you’ll walk away with 120,000 points, earning you the Southwest Companion Pass. Just keep in mind that these personal Southwest cards do fall under Chase’s 5/24 rule.
Ultimately, this is a pretty great offer to jump on if you’ve been eyeing the card for a while and haven’t yet pulled the trigger. The 60,000 points you’ll earn as part of this limited-time offer will put you well on your way to earning the extremely valuable Companion Pass. And even if the Companion Pass isn’t on your radar, the increased bonus could be used toward some valuable Southwest award redemptions.
The American Express Platinum card has some of the best perks out there: cardholders enjoy the best domestic lounge access (Delta SkyClubs, Centurion Lounges, and Priority Pass), a $200 annual airline fee credit as well as up to $200 in Uber credits, and mid-tier elite status at SPG, Marriott, and Hilton. Combined with the 60,000 point welcome offer -- worth $1,140 based on TPG's valuations -- this card is a no-brainer for frequent travelers. Here are 5 reasons you should consider this card, as well as how you can figure out if the $550 annual fee makes sense for you.
- Earn 60,000 Membership Rewards® points after you use your new Card to make $5,000 in purchases in your first 3 months.
- Up to $200 for Uber rides annually. Credit and Uber VIP status available to Basic Card Member only.
- 5X Membership Rewards® points on flights booked directly with airlines or with American Express Travel.
- 5X Membership Rewards® points on eligible hotels booked on amextravel.com.
- As a Platinum Card Member, you can enjoy access to the Global Lounge Collection, the only credit card airport lounge access program that includes proprietary lounge locations around the world.
- Receive complimentary benefits with an average total value of $550 with Fine Hotels & Resorts. Learn More.
- $200 Airline Fee Credit, up to $200 per calendar year in baggage fees and more at one qualifying airline.
- Terms Apply.
- See Rates & Fees