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Chase Southwest Airlines Rapid Rewards Premier Card Review – Wanna Get Away?

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There are so many airline rewards credit cards out there, determining which one is best for you can take some time. One of the leading airlines in the country, Southwest Airlines, has a reputation for offering a wide selection of flights at competitive pricing – just don’t expect the luxury and accommodations you’ll find on other, more expensive, airlines. That being said, signing up for a Chase Southwest Airlines Rapid Rewards Premier Card to redeem benefits and rewards from Southwest Airlines is a good choice considering you can save even more money when you fly.

The first thing you need to consider when looking at airline friendly credit cards is – do I travel enough? If you are a business traveler or you make it a point to take vacations frequently throughout the year, making purchases on a card such as the Chase Southwest Airlines Rapid Rewards Premier Card makes it worth your while, since a bulk of the rewards offer flight benefits and upgrades. If you don’t fly often, don’t count the card out completely — travel accommodations are all covered with the credit card including car rentals and hotel stays around the world.

Before signing on the dotted line, take a look at the requirements and benefits of the Chase Southwest Airlines Rapid Rewards Premier Card. Bonus points are almost always offered to new cardholders, but it’s the small print that could help you make a sound decision. For example, the Chase Southwest Airlines Rapid Rewards Premier Card offers 25,000 bonus points for a round trip flight; however, in order to obtain the points you must spend $1,000 within the first three months of the account opening. Also, depending on when you sign up for the card, the bonus points could be enough for a round trip ticket, but it’s not always the case. If you can’t find a round trip ticket, 25,000 points is certainly a good starting point to earn rewards for that airline ticket you really want.

Southwest Airlines is mostly known for its competitive low fares, so there are countless opportunities throughout the year to make use of low prices in order to get more value out of the points. For example, 25,000 points for round trip airfare through a program such as Southwest’s Wanna Get Away Fare makes it extremely possible, depending on where you want to fly.

Additional benefits offered through the Chase Southwest Airlines Rapid Rewards Premier Card include:

  • 2x points on purchases for Southwest and AirTran Airways: For every $1 you spend purchasing directly with these airlines, you get two points. Also, you can earn two points for every $1 earned with purchases through the Southwest Rapid Rewards Hotel and Car Rental Partners.
  • 1x points on all other purchases: Earning points on everyday purchases adds up with the credit card. You are not eligible to earn points on any transactions outside purchases which include cash advances, balance transfers, travelers checks, money orders and foreign currency.
  • 6,000 bonus points: Each year you are a cardholder, you are eligible to receive 6,000 bonus points on the anniversary of your account opening date – a special little thank you for keeping the card!
  • No foreign transaction fees: If you plan on using your Chase Southwest Airlines Rapid Rewards Premier Card outside the country during travels, the no fee makes it highly appealing.

Despite there being no points eligible for earning with balance transfers, there is a bonus available if you make a transfer within the first 90 days of the account opening. You can earn 1 point for each dollar you transfer, with a maximum of 15,000 points – the balance transfer fee still remains, though, at three percent of the amount you transfer and a minimum of $5. If you are interested in transferring a balance from a higher interest card to the Chase Southwest Airlines Rapid Rewards Premier Card, it is worth doing so within the first 90 days to take advantage of the balance transfer points.

Compared to many other credit cards, the annual percentage rate for the Chase Southwest Airlines Rapid Rewards Premier Card begins at 15.24 percent – rather low to comparable cards! This lower APR also extends to balance transfer APRs, though Cash Advances and Overdraft Advances have an APR of 19.24 percent. Be aware of the penalty APR – it’s where some credit card users get into trouble with higher balances. When a payment is late or unpaid, you are likely to receive the penalty APR of 29.99 percent, which stays on the account indefinitely. One interesting side note to be aware of is you are eligible to receive the penalty APR should you be late or miss a payment on any other related accounts and loans through related banks! If you have other Visa or Chase cards, this is definitely something you want to be careful of to avoid outrageous fees and minimum payment increases.

If you are looking for a credit card with zero membership fees or one that offers the first year without an annual fee, unfortunately the Chase Southwest Airlines Rapid Rewards Premier Card is not the one. Each year, starting with the account opening, the annual fee is $99. As with any of the membership fees, you need to weigh out the benefits and fee – if you obtain more in savings than the fee, it might be worth it to use; otherwise, it could be an additional fee you might not feel like paying each year.

Having the card in your wallet leads to other benefits you might find useful, even if you don’t fly as much as you’d like. Cardholders are eligible for exclusive travel rewards which ranges from car rentals, gift cards, vacation discounts, hotel accommodations and domestic and international flights to countless destinations. You don’t have to worry about your points expiring, which is a great perk if you don’t get to vacation as often as possible.

Additional benefits offered through the Chase Southwest Airlines Rapid Rewards Premier Card include:

  • No blackout dates
  • Unlimited Reward Seats
  • Bags Fly Free
  • No flight changing fee

Southwest Airlines has long been a quality airline designed with low fares in mind, so having a credit card offered through Chase could be a good addition to the wallet in order to accrue points for your next getaway!

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