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For frequent fliers in search of a new travel credit card, a new co-branded Southwest credit card with Chase offers a tempting sign-up bonus.
In July, the companies announced the launch of their rewards credit card, Southwest Rapid Rewards Priority Card. Featuring numerous traveler benefits and perks, a limited introductory offer includes a 65,000-point sign-up bonus that accumulates 40,000 points after spending $1,000 during the first three months, followed by 25,000 points after spending a $15,000 total within the first 12 months. This points’ offering represents the highest number ever for a new member obtaining a Southwest credit card.
The Southwest Rapid Rewards Priority Card includes these benefits:
7,500 Anniversary Points
Up to four upgraded boardings annually, when available
$75 annual travel credit
20 percent back on in-flight purchases including drinks, WiFi, messages, and movies
One of the more appealing benefits is the points earned through card spending, including the sign-up bonuses, will count toward Southwest Companion Pass requirements. For each calendar year that a Southwest flyer earns 110,000 Rapid Rewards points, they can choose a “companion” to fly with them for free (plus some fees and taxes). For new card members, after reaching the spending requirements and obtaining the bonus, they will have more than half of the required points for this perk.
Similar to Southwest’s Rapid Rewards Premier Credit Card, Priority cardmembers will also receive these benefits:
2 points per $1 spent on Southwest Airlines and Rapid Rewards hotel and car rental partners
1 point per $1 spent on all other purchases
Earn unlimited points and tier qualifying points that count toward A-list and A-list preferred status (1,500 TQP for each $10,000 spend up to $15,000)
Points earned count towards a Companion Pass
Points don’t expire on open accounts
No foreign transaction fees
Cardmembers will also have access to Southwest’s no blackout dates or seat restrictions when redeeming points, the “bags fly free” perk and no change fees.
In addition, Southwest and Chase together are offering chances to see the new card’s offerings from the airline-sponsored, 10-city promotional tour, on which cardholders can earn rewards. More information about the tour and its prizes can be found here.
The new priority card joins the Southwest Rapid Rewards Plus and the Southwest Rapid Rewards Premier cards. It is expected to appeal to passengers seeking co-branded cards that earn travel benefits and frequent flyer miles. The card carries a $149 annual fee.
As with any rewards credit card, the best way to maximize your credit card rewards is to be sure to charge only what you can pay in full each month so you don’t accrue interest charges, which will eat into your rewards.
Author: Debbie Baratz
Debbie Baratz has written about topics including personal finance, financial markets, and banking. And as a media relations professional, she spent 10+ years working at not-for-profit, private, and publicly-traded financial institutions. When Debbie isn’t working, she can be found working out, reading, or traveling.