Southwest Fast Rewards Premier Credit score Card Evaluate 2024

Southwest has partnered with Chase to supply three private bank cards. The card_name sits in the midst of these three playing cards. Relying in your price range and the way usually you fly Southwest, this or one of many different two playing cards could also be the best choice. Nevertheless, you could see how this card compares to the alternate options earlier than making a ultimate choice.

TIME’s Take

With its welcome provide, anniversary bonus, and 3x factors on Southwest purchases, the card_name presents a variety of worth with a aggressive annual payment. Nevertheless, its factors have restricted flexibility, and you may’t escape the annual payment, even for the primary 12 months. Whereas some prospects will admire its perks, frequent Southwest passengers might profit by upgrading to the card_name.

Professionals & Cons

Professionals

• Consists of anniversary bonus.
• Some non-travel purchases earn bonus factors, like streaming.
• Eligible for a welcome provide.

Cons

• Can’t mix with factors from different Chase playing cards.
• Annual payment not waived the primary 12 months.
• Few extra perks.

Who’s the cardboard for?

This card is for anybody who flies on Southwest not less than a couple of instances per 12 months, because it features a few perks that may make your journey cheaper and extra handy. Chief amongst these perks is a 6,000-point anniversary bonus. Fast Rewards factors are value about 1.35 cents every, so this bonus is value about $81 every year.

This card can also be for you if you happen to usually purchase drinks or Wi-Fi on-board. It offers you a 25% assertion credit score on in-flight purchases on these things whenever you pay along with your card. You additionally obtain 25% again on in-flight purchases made by licensed customers in your card.

Lastly, this card is for you if ready for the 24-hour check-in window makes you anxious. It offers you two EarlyBird check-ins per 12 months, which helps you to examine in earlier than the 24-hour interval, relying on availability.

Understand that this card requires membership to the Southwest Fast Rewards program. In case you aren’t a member already, you’ll be robotically enrolled if you happen to apply for this card and are permitted.

Options

Whereas not heavy on options, there are some things this card can provide to common Southwest prospects.

Straightforward-to-earn welcome provide

The card_name will presently presents 50,000 factors after spending $1,000 on purchases within the first three months from account openingbonus_miles_full. This can be a comparatively low spending threshold, making this provide straightforward to earn (Observe: You possibly can solely earn the welcome provide if you happen to don’t presently have this card and haven’t acquired a bonus from Chase within the final 24 months.)

Anniversary bonus factors

This card contains 6,000 bonus factors every anniversary 12 months. There isn’t a minimal spend or different necessities for this bonus-–merely hold the cardboard open, and also you’ll obtain your bonus every anniversary.

Earn A-Record Standing and Companion Move® Quicker

This card makes it simpler to earn coveted Southwest perks, together with A-Record standing and Companion Move. You may get 1,500 tier-qualifying factors (TQPs) for each $10,000 you spend on purchases yearly. TQPs depend towards incomes A-Record or A-Record Most well-liked standing, and there’s no restrict to what number of TQPs you possibly can earn in a 12 months.

As well as, this card contains one enhance of 10,000 Companion Move qualifying factors every calendar 12 months. To earn the Companion Move, you should have 100 qualifying one-way flights or 135,000 Companion Move qualifying factors. All factors you earn with this card depend towards Companion Move standing, together with the 50,000-point welcome provide.

APR might be excessive

The acquisition APR for this card is reg_apr,reg_apr_type. Whereas this isn’t extraordinarily excessive, this card could possibly be costly if you happen to often carry a steadiness. This is the reason it’s vital to pay your invoice in full each month, as is often the case with bank cards.

The wonderful print

• Common buy APR: reg_apr,reg_apr_type.
• Steadiness switch APR: balance_transfer_rate.
• Money advance APR: cash_advance_apr.
• Penalty APR: 29.99%.
• Annual payment: annual_fees.
• Late payment: late_payment_fee.
• Returned cost payment: As much as $40.

Further hidden perks

The card_name features a few hidden perks that may make your journey higher:

• Misplaced baggage reimbursement: In case you or a direct member of the family have baggage misplaced or broken, you possibly can be eligible for a reimbursement of as much as $3,000 per passenger.
• Baggage delay insurance coverage: This reimburses you for objects like toiletries and clothes in case your baggage is delayed over six hours, as much as $100 a day, for 3 days.
• Buy safety: Covers purchases for 120 days towards harm or theft, as much as $500 per declare and as much as $50,000 per account.
• Prolonged guarantee: Extends the producer guarantee by a 12 months on purchases with warranties of three years or much less.
• No international transaction charges: You gained’t pay international transaction charges whenever you use your card exterior the U.S.

Whereas there aren’t an enormous variety of perks right here, it’s good to see a couple of extra protections.

What could possibly be improved

This can be a pretty easy, easy card, so there isn’t a lot it leaves out for Southwest Prospects. Nevertheless, there are some things it will be good to see from this card.

For one, it doesn’t waive the annual payment within the first 12 months. A number of playing cards on this tier do provide you with a break on the annual payment. Whereas this isn’t a deal-breaker, it will be a welcome change.

One other factor this card is lacking is the power to mix factors with different Chase applications. This implies you possibly can’t mix factors with applications like Chase Final Rewards, which might provide you with extra versatile redemptions. Since you possibly can’t do that with the card_name, you’re restricted to the redemptions out there by way of Fast Rewards. Different airline playing cards from Chase, just like the card_name, allow you to mix.

Lastly, whereas this card does provide you with a 6,000-point anniversary bonus, it doesn’t embrace an annual journey credit score, such as you get with the card_name. The annual payment is barely annual_fees for the card_name, however including a journey credit score of round $50 would enhance this card’s enchantment.

Card alternate options

The card_name is the center sibling of the three Southwest bank cards from Chase. As such, its annual payment of annual_fees is greater than the annual_fees you’ll pay for the card_name however lower than the annual_fee_disclaimer you pay for card_name.

Equally, the card_name has a 6,000-point anniversary bonus in comparison with 3,000 for the card_name. The card_name has a 7,500-point anniversary bonus and a $75 annual journey credit score.

We additionally evaluate this card to the card_name as a result of its annual payment is analogous. Their welcome bonuses are related, too. Naturally, the Southwest playing cards have airline-specific advantages you don’t get with the card_name. Alternatively, the card_name has higher bonus charges on on a regular basis spending.

TIME Stamp: Enticing perks for infrequent flyers on SouthWest Airways

The card_name presents first rate worth to occasional Southwest prospects. It features a few useful perks, similar to an anniversary level bonus, two EarlyBird check-ins, and a lift towards incomes A-Record standing and the Companion Move. Nevertheless, the card_name presents extra worth for frequent Southwest passengers, and the annual payment for the card_name isn’t waived within the first 12 months. The cardboard actually isn’t dangerous, however others are higher in some conditions.

Incessantly requested questions (FAQs)

What is the credit score rating for card_name?

Chase doesn’t point out a selected credit score rating requirement for the card_name. Nevertheless, as a mid-tier co-branded airline card, a credit score rating within the 690 to 850 vary ought to enhance your probabilities of getting permitted.

Is a Chase Southwest Card onerous to get?

The Chase Southwest Playing cards will not be essentially the most tough playing cards to get, however they doubtless aren’t the simplest. Typically talking, these playing cards are on the excessive finish of the credit score rating requirement spectrum, however different playing cards are extra unique.

What are the cons of Southwest Fast Rewards?

Southwest Fast Rewards is a favourite amongst many U.S. vacationers. Nevertheless, it has its share of downsides. These embrace restricted worldwide routes, no enterprise or top quality, and an open seating coverage. The latter could possibly be a professional or a con relying on who you ask, however failing to examine in early within the 24-hour window may go away you with an undesirable seat.

How a lot Is 50000 factors on Southwest bank card?

Fast Rewards factors are value about 1.35 cents every. Due to this fact, 50,000 factors on this card must be value about $675.