Last Chance: Earn 65k Points With the Southwest Priority Card
Update: Some offers mentioned below are no longer available. View the current offers here.
Chase recently launched the Southwest Rapid Rewards Priority Credit Card, the first premium-level Southwest card in the Chase co-brand lineup, with a $149 annual fee. It's offering a sign-up bonus of up to 65,000 points — 40,000 points after you spend $1,000 in the first three months, and another 25,000 points after you spend a total of $15,000 within your first year from account opening. However, this current sign-up bonus will expire soon on August 22, so you should strongly consider applying now if this card's benefits appeal to you.
Based on TPG's current valuations, 65,000 points are worth $975. You do have to spend a total of $15,000 to earn that full bonus, but at least you have a year to do so. Also keep in mind that the points earned from this sign-up bonus — or the sign-up bonuses of any other Chase Southwest card you're eligible to open — count toward the airline's coveted Companion Pass, which lets you bring a designated friend or family member on flights with you for free (plus taxes and fees).
The Southwest Priority card earns 2 points per dollar on Southwest and Rapid Rewards hotel and car rental purchases, plus 1 point per dollar on everything else. It includes more premium perks than what you'll find on the Southwest Rapid Rewards Premier Credit Card and Southwest Rapid Rewards Plus Credit Card, including a $75 annual credit to use on Southwest, four upgraded boardings per year, 7,500 points after each account anniversary and 20% off in-flight purchases. Again, there's a $149 annual fee, and no foreign transaction fees.
We don't know what the sign-up bonus for the Priority card will change to after August 22, but it will almost certainly be a decrease. So if you're interested in this card and can spend a total of $15,000 in the first year, act now to secure 65,000 bonus points, which also count toward qualification for the Southwest Companion Pass.