Enormous Southwest Credit score Card Bonus: Companion Move + 30K Factors

Within the curiosity of full disclosure, OMAAT earns a referral bonus for anybody that’s accepted by way of a few of the beneath hyperlinks. These are the very best publicly accessible affords (phrases apply) that we have now discovered for every services or products. Opinions expressed listed here are the writer’s alone, not these of the financial institution, bank card issuer, airline, resort chain, or product producer/service supplier, and haven’t been reviewed, accepted or in any other case endorsed by any of those entities. Please take a look at our advertiser coverage for additional particulars about our companions, and thanks on your assist!

Hyperlink: Apply now for the Southwest Speedy Rewards® Precedence Card

Southwest Airways is among the hottest airways in the US, because of its intensive home route community, vouchers that by no means expire, and two free checked luggage.

The service’s co-branded bank cards are fairly fashionable as nicely. We’ve simply seen some profitable new welcome affords rolled out on these playing cards, so I wished to go over all the small print.

Southwest Speedy Rewards card restricted time welcome affords

For functions by way of March 11, 2024, all three Southwest Speedy Rewards private bank cards are providing a two-part restricted time welcome provide. After spending $4,000 throughout the first three months, you possibly can earn:

  • 30,000 Speedy Rewards bonus factors
  • A Companion Move legitimate by way of February 28, 2025

This welcome bonus applies to the next three playing cards:

Speedy Rewards is a revenue-based frequent flyer program, and personally, I worth Speedy Rewards factors at 1.2 cents every. So to me, the factors are price $360. The way more thrilling a part of the provide is incomes Companion Move, which permits somebody to journey with you whereas paying simply taxes and costs, no matter whether or not you pay money or redeem factors on your ticket. The worth of that’s big, and you’ll see my information to Companion Move right here.

Earn factors plus Companion Move with the present provide

Eligibility for Southwest Speedy Rewards Visa playing cards

Relating to getting accepted for a private Southwest Visa card, you’re not eligible for considered one of these playing cards if you’re:

  • A present cardmember of any private Southwest Visa Card
  • A earlier cardmember of any private Southwest Visa Card who obtained a brand new cardmember bonus throughout the final 24 months

See this submit for Southwest bank card eligibility restrictions, and see this submit for Chase’s normal software restrictions.

Variations between Southwest private bank cards

The welcome bonus on all three of those private playing cards is similar, although the annual charges vary from $69 to $149. The temptation may be to go for the cardboard with the bottom annual payment, although as I’ll clarify beneath, the premium playing cards can symbolize a significantly better worth.

What are the variations between these three Southwest bank cards?

What all three Southwest Visa playing cards have in widespread

All three Southwest private bank cards have one important factor in widespread, which is 25% financial savings on inflight drink & Wi-Fi purchases. All the opposite advantages of the playing cards differ, so let’s take a look at these variations.

Southwest bank card annual charges

The three private Southwest Visa all have completely different annual charges, as follows:

Southwest bank card anniversary bonus factors

As an incentive to carry onto the Southwest Visa, you earn a sure variety of anniversary bonus factors yearly (this occurs each 12 billing cycles after you open your card):

  • The Southwest Speedy Rewards Plus Card has a 3,000 level anniversary bonus
  • The Southwest Speedy Rewards Premier Card has a 6,000 level anniversary bonus
  • The Southwest Speedy Rewards Precedence Card has a 7,500 level anniversary bonus

I’ll speak extra in regards to the worth of Southwest Airways factors beneath, however as a normal rule of thumb, you possibly can count on that factors will be redeemed for ~1.2 cents towards the price of a ticket. To crunch the numbers additional:

  • On the $69 annual payment Plus Card you’re incomes $36 price of factors ($33 lower than the annual payment)
  • On the $99 annual payment Premier Card you’re incomes $72 price of factors ($27 lower than the annual payment)
  • On the $149 annual payment Precedence Card you’re incomes $90 price of factors ($59 lower than the annual payment)
Get anniversary bonus factors with Southwest Speedy Rewards playing cards

Southwest bank card return on spending

All three private Southwest Airways bank cards provide completely different returns on spending:

  • The Southwest Speedy Rewards Plus Card affords 2x factors on Southwest purchases, native transit and commuting, web, cable, cellphone companies, and choose streaming, and 1x factors on all different purchases
  • The Southwest Speedy Rewards Premier Card affords 3x factors on Southwest purchases, 2x factors on native transit and commuting, web, cable, cellphone companies, and choose streaming, and 1x factors on all different purchases; moreover, earn 1,500 Tier Qualifying Factors for each $10,000 spent on the cardboard
  • The Southwest Speedy Rewards Precedence Card affords 3x factors on Southwest purchases, 2x factors on native transit and commuting, web, cable, cellphone companies, and choose streaming, and 1x factors on all different purchases; moreover, earn 1,500 Tier Qualifying Factors for each $10,000 spent on the cardboard

Southwest bank card overseas transaction charges

Whereas the Southwest Plus Card has 3% overseas transaction charges, each the Southwest Premier and Southwest Precedence haven’t any overseas transaction charges, making them good choices for worldwide journey.

Southwest Precedence Visa Card advantages

Whereas the advantages of the Southwest Plus Card and Southwest Premier Card are comparable other than the anniversary bonuses and overseas transaction charges, I wished to speak in regards to the Southwest Precedence Card, which is what I like to recommend folks apply for.

That’s essentially the most premium model of the cardboard and has a $149 annual payment. Is the incremental annual payment price it over the Plus and Premier variations, which have annual charges which might be $50 and $80 decrease, respectively?

This card affords three additional perks that nearly appear too good to be true and, for my part, greater than justify the incremental annual payment.

Southwest Precedence Card $75 annual journey credit score

The Southwest Precedence Visa Card affords a $75 journey credit score each anniversary yr, beginning your first yr (so this isn’t based mostly on the calendar yr, however moderately relies on each 12 billing cycles).

This may be utilized towards any Southwest flight buy, so the one factor excluded is inflight drink, Wi-Fi purchases, and upgraded boardings.

The assertion credit score ought to submit to your account the identical day the eligible buy posts to your account.

In the event you spend not less than $75 per yr on Southwest, this credit score must be price face worth. So far as I’m involved, that lowers the actual “out-of-pocket” on this card from $149 per yr to $74 per yr.

4 upgraded boardings on Southwest Airways

Only for having the Southwest Precedence Card, you get 4 upgraded boardings per anniversary yr when accessible.

You’ll be reimbursed for the acquisition of as much as 4 upgraded boardings in positions A1-15. This may be bought on the departure gate or ticket counter on the day of journey. You need to use this on 4 completely different events, or should you want, you should utilize them on a single flight (should you’re touring with three others).

It could possibly take as much as eight weeks for these to be reimbursed, although sometimes, you’ll discover it posts sooner than that.

The value of upgraded boardings varies from $30-80 based mostly within the size of the flight and demand, in order that profit could possibly be price $120-320 yearly. This compares favorably to the 2 EarlyBird check-ins provided each anniversary yr on the opposite playing cards.

Get upgraded boardings with the Southwest Precedence Card

The Southwest Precedence Card greater than pays for itself

In the event you fly Southwest with any frequency (even as soon as per yr), the Precedence Card is a no brainer. Each anniversary yr, you’re getting a $75 Southwest Airways journey credit score plus 7,500 factors (which I worth at $90).

That’s $165 of worth on a card with a $149 annual payment. That’s not even accounting for the upgraded boardings.

How a lot are Speedy Rewards factors price?

Southwest Airways Speedy Rewards is a revenue-based program, that means that the variety of factors required for an award redemption is straight tied to how a lot a ticket would value in money.

As a normal rule of thumb, you want round 85 Southwest Speedy Rewards factors per greenback of airfare, that means every Southwest Speedy Rewards level will get you about 1.2 cents towards an airfare buy (which is how I arrive at my valuation of Speedy Rewards factors).

There are additional issues to recollect when redeeming factors on Southwest Airways.

Change your Southwest tickets free of charge

Many airways have change and cancelation charges on award tickets as a cash seize, whereas Southwest Airways expenses no change charges. If you wish to change your ticket final minute (or apply it to a future ticket), you possibly can apply that worth ahead. That’s superior.

What I typically do is e-book a Southwest Airways award ticket as a backup choice if I’m hoping for an additional flight to open up, as a result of I can at all times cancel it if want be.

Two free checked luggage with each Southwest ticket

Southwest is thought for providing free checked luggage, as you get two free checked luggage on all itineraries. Sure, this even consists of Speedy Rewards redemptions!

Southwest affords free snacks & comfortable drinks

In contrast to different airways, Southwest Airways doesn’t cost for snacks (the airline doesn’t even promote any snacks, as every little thing is free), and comfortable drinks are free. The one factor onboard you possibly can pay for is Wi-Fi and alcohol, and the co-branded bank cards even provide financial savings on these purchases.

Southwest doesn’t cost for seat assignments

Whereas a number of airways will cost for seat assignments, Southwest has a very completely different system. The airline has open seating, so the seat you get will depend on how early you check-in.

Simply check-in on-line as near 24 hours as attainable and it’s best to have a fairly good boarding “place.” Better of all, you should utilize your upgraded boardings or EarlyBird check-in to safe the very best boarding place.

Speedy Rewards factors don’t expire so long as your account is open

It’s that easy — so long as your account is open your factors don’t expire.

Southwest’s Premier & Efficiency Enterprise playing cards

In the event you’re searching for a enterprise bank card, you’re in luck, as a result of the affords on enterprise playing cards are glorious as nicely:

  • The $99 annual payment Southwest® Speedy Rewards® Premier Enterprise Credit score Card (assessment) has a welcome bonus of 60,000 Speedy Rewards factors after spending $3,000 inside three months; the cardboard affords perks like 6,000 anniversary factors yearly
  • The $199 annual payment Southwest® Speedy Rewards® Efficiency Enterprise Credit score Card (assessment) has a welcome bonus of 80,000 Speedy Rewards factors after spending $5,000 inside three months; the cardboard affords unimaginable perks like 9,000 anniversary bonus factors, 4 upgraded boardings per yr, a every day Wi-Fi credit score on Southwest, a World Entry or TSA PreCheck credit score, and way more
Southwest’s enterprise playing cards are profitable as nicely

Backside line

For functions by way of March 11, 2024, Southwest Airways’ private co-branded bank cards are providing glorious restricted time welcome affords. With this, you possibly can earn 30,000 Speedy Rewards bonus factors in addition to Companion Move. This can be a nice provide, particularly should you can make the most of Companion Move for journey within the coming years.

Of the three playing cards, I feel the $149 annual payment Southwest Precedence Card is the very best of the choices, given the additional perks it affords, which greater than justify the annual payment.

Do you intend on choosing up a Chase Southwest bank card with this provide?

Leave a Reply

Your email address will not be published. Required fields are marked *