Southwest Airways is likely one of the hottest home airways within the U.S. — and for good cause. Vacationers get two checked baggage totally free and may cancel or change tickets at any time with out incurring charges. If you are going to fly Southwest regularly, you could be asking your self, “Is the Southwest bank card price it?”
Right here, we’ll share what bank cards can be found and provides steerage on the right way to decide for your self if a Southwest bank card is price it.
Obtainable Southwest bank cards
Chase and Southwest Airways have partnered to supply a number of Southwest bank cards, together with three private playing cards and two for enterprise homeowners. Welcome bonus presents for these playing cards change periodically all year long.
Let’s a take a more in-depth have a look at which playing cards can be found, plus their present sign-up choices.
Private Southwest bank cards
Southwest Speedy Rewards® Plus Credit score Card (annual payment: $69): Earn 40,000 factors after you spend $1,000 on purchases within the first 3 months. Plus, earn 3X factors on eating, together with takeout and eligible supply companies, for the primary 12 months.
Southwest Speedy Rewards® Premier Credit score Card (annual payment: $99): Earn 40,000 factors after you spend $1,000 on purchases within the first 3 months. Plus, earn 3X factors on eating, together with takeout and eligible supply companies, for the primary 12 months.
Southwest Speedy Rewards® Precedence Credit score Card (annual payment: $149): Earn 40,000 factors after you spend $1,000 on purchases within the first 3 months. Plus, earn 3X factors on eating, together with takeout and eligible supply companies, for the primary 12 months.
Southwest enterprise bank cards
Realizing which card is best for you takes somewhat digging. Think about which card has advantages that meet your wants, if that card suits your funds, and if redeeming its perks feels manageable.
How Southwest Speedy Rewards bank cards work
If you apply for a Southwest bank card, your card might be hooked up to your Southwest Speedy Rewards loyalty quantity. If you happen to do not have already got one, a brand new member quantity might be created for you.
You may earn a welcome bonus should you meet the minimal spending necessities as a brand new cardholder. All your purchases will earn factors as properly. Relying on which card you utilized for, you will obtain extra factors for spending in sure classes, like eating or Southwest purchases.
All the factors you earn together with your Southwest bank card are redeemable for any seat on any Southwest flight.
Southwest factors by no means expire so long as your loyalty account stays open. If you happen to shut your bank card, all factors already transferred to Southwest are yours to maintain.
How one can decide if a Southwest card is price it
Whereas Southwest bank cards do supply helpful advantages, every one costs an annual payment. Earlier than paying that annual payment, you want to resolve if the advantages promised are definitely worth the annual payment you are paying.
Perceive the worth of the annual factors bonus
Each Southwest cardholder earns bonus Speedy Rewards factors once they renew their card every year. The variety of factors varies primarily based on which card you’ve as follows:
Factors earned yearly on cardmember anniversary
Worth of anniversary factors in money
Southwest Speedy Rewards® Efficiency Enterprise Credit score Card
Southwest Speedy Rewards® Premier Credit score Card
Southwest Speedy Rewards® Precedence Credit score Card
Southwest Speedy Rewards® Premier Enterprise Credit score Card
Southwest Speedy Rewards® Efficiency Enterprise Credit score Card
Whereas the worth acquired does not should cowl the annual payment to be thought-about price it, understanding how these bonuses assist offset among the price of a card is beneficial as you are calculating the cardboard’s worth.
Predict your annual spend in bonus classes
For flights paid for in money (not factors), you’ll not solely earn factors by flying, but additionally by spending. If you use your Southwest bank card, you’ll earn bonus factors on each Southwest buy, in addition to on purchases with Speedy Rewards resort and automotive rental companions.
Whereas most Southwest playing cards earn 2x on these purchases, the Southwest Speedy Rewards® Efficiency Enterprise Credit score Card earns 3x.
Being real looking about how a lot you fly (and spend on) Southwest might help you identify whether or not the cardboard might be price it for you.
Decide to utilizing the cardboard on eating purchases for the primary 12 months
Southwest playing cards might help you capitalize on eating bills. Through the first 12 months that your private card is open, you will obtain 3x factors on all eating purchases. This consists of purchases when eating in, ordering takeout and utilizing eligible supply companies — a pleasant kickback should you already spend large quantities on this class.
Purpose to earn the Companion Cross
The Southwest Companion Cross is likely one of the most coveted airline advantages. If you’ve earned this perk, your designated companion flies free with you on any flight. You simply should pay the taxes and charges, which begin at $5.60 every method. This profit works on each paid and reward flights. And you may change your designated companion as much as thrice yearly.
Factors earned from a brand new card welcome bonus and your whole Southwest bank card spending counts towards the full wanted to earn the Companion Cross, which is at the moment 125,000 factors. Many vacationers can hit that mark with the mix of a sign-up bonus, on a regular basis spending and a handful of paid flights.
Spend towards A-Record standing
With the $99-and-up Southwest playing cards, you’ll be able to earn as much as 15,000 A-Record Tier Qualifying Factors every year through spending. For each $10,000 you set in your card, you will earn 1,500 A-Record TQPs. Maxing out this profit will get you nearly midway to elite standing, which at the moment sits at 35,000 factors.
The one Southwest card that does not qualify for the quick observe to A-Record is the Southwest Speedy Rewards® Plus Credit score Card.
Who ought to skip a Southwest bank card?
Whereas a Southwest bank card could make sense for the airline’s most frequent fliers, not everyone seems to be a clever candidate for these playing cards. Maintain purchasing round if:
You do not reside close to or fly typically to a Southwest hub. Accessing frequent (and reasonably priced) Southwest flights will make or break your satisfaction with an airline-specific bank card.
You favor to optimize flight choice for price, not advantages. If you happen to have a tendency to pick essentially the most reasonably priced flight to your vacation spot no matter service, then a extra normal journey bank card will seemingly higher serve your wants.
You wish to fly in model. Southwest does not supply premium cabins for its flights, nor does it supply devoted lounges to its most prestigious members. If these conveniences are important to you, it might not be price going all-in on Southwest loyalty.
If you happen to’re contemplating a Southwest bank card
For individuals who love flying Southwest, getting a Southwest bank card is a clever selection. You may earn worthwhile factors on each buy, plus further factors yearly that you simply renew your card. Whereas higher-end Southwest playing cards have bigger annual charges, the additional advantages they provide usually make them a greater deal should you fly Southwest regularly.
If you happen to’re extra of a free agent on the subject of journey, apply for a bank card that earns Chase Final Rewards® as a substitute. Final Rewards® factors switch on a 1:1 foundation to Southwest Speedy Rewards. Plus, they’ve higher flexibility as a result of the factors might be redeemed to fly with different airways, guide lodges or reserve rental automobiles.
How one can maximize your rewards
You need a journey bank card that prioritizes what’s necessary to you. Listed here are our picks for the greatest journey bank cards of 2021, together with these greatest for: