Review
Chase Southwest Rapid Rewards® Premier Credit Card Review: Great for Southwest Loyalists
Frequent Southwest flyers, rejoice! This card offers a generous sign-up bonus and a slew of benefits like annual bonus points and a 15% flight discount that can easily offset the annual fee. Read on to see if it's the right fit for you.
| Annual Fee | $149.00 |
| Regular APR | 19.24Min. of (6.75+12.49) and 29.99%–27.74Min. of (6.75+20.99) and 29.99% variable APR. |
| Rewards Rate | 1x-3x points |
| Sign-up Bonus | 50,000 bonus points |
Overview
Pros & Cons
What's great
- Generous sign-up bonus
- High rewards rate on Southwest purchases
- Anniversary bonus points
- No foreign transaction fees
- Free checked bag
- Flight discount
Things to consider
- Annual fee
- High regular APR
- Limited rewards categories
- Spending cap on some bonus categories
Benefits
Drawbacks
Decision Guidance
Summary
The Southwest Rapid Rewards® Premier Credit Card is a mixed bag, balancing decent travel rewards with a significant annual fee and high APR. Its strengths lie in the Southwest-focused rewards program, anniversary points, and lack of foreign transacti...