June 16, 2024

In case you are a Southwest Airways flier trying so as to add to your Speedy Rewards Factors stability, you is perhaps trying on the Southwest Speedy Rewards Premier card and the card_name.

The Southwest Speedy Rewards Premier card options elevated earnings of three factors per greenback on Southwest purchases, a 6,000 level bonus yearly in your cardmember anniversary, and a path to incomes further Tier Qualifying Factors towards A-Record standing.

The card_name affords a strong set of journey and client insurance coverage protections, plus elevated earnings on journey purchases, eating, on-line grocery purchases, and streaming companies. The card_name affords factors that may be transferred to airline companions together with Southwest, providing you with some possibility worth to make use of factors along with your most well-liked airline or hold them for higher-value redemptions

For most individuals, the card_name is the higher alternative.

On this overview, we’ll spotlight each playing cards, present you the advantages and rewards provided by every and enable you determine which card is best for you.

How the playing cards stack up

Right here’s how the Southwest Speedy Rewards Premier Credit score Card and card_name playing cards stack up:

  • Speedy Rewards
  • 3x on Southwest Airways
  • 2x on Speedy Rewards resort and automotive rental companions
  • 2x on native transit, commuting and rideshare
  • 2x on web, cable, telephone companies and choose streaming
  • 1x on all different purchases
  • Final Rewards
  • 5x on journey bought by Chase
  • 2x on all different journey
  • 3x on eating, together with supply, takeout and eating out
  • 3x on on-line grocery purchases
  • 3x on choose streaming companies
  • 1x on all different purchases

Different Advantages (or Extra Perks)

  • 10,000 Companion Go qualifying factors every year
  • 1,500 A-Record tier qualifying factors for each $10,000 spent
  • Two EarlyBird Examine-Ins every year
  • Journey cancellation/interruption insurance coverage
  • Journey delay reimbursement
  • Baggage delay insurance coverage
  • Major auto rental collision injury waiver insurance coverage
  • Buy safety
  • Prolonged guarantee

Welcome bonus winner

The card_name allow new cardholder to bonus_miles_full The welcome bonus on the Southwest Premier card is comparable, at 60,000 bonus factors plus a 30% off promo code after spending $3,000 on purchases within the first 3 months from account opening.

Whereas the decrease spending threshold of $3,000 might make the Southwest Premier card’s welcome bonus extra engaging to some, we predict that the card_name’s welcome bonus affords a greater worth. You get barely extra factors, however the factors can be utilized for cash-back redemptions, journey redemptions by Chase Final Rewards at 1.25 cents every, or transferred to companions like Southwest Airways. The choice worth of Final Rewards factors provides Chase the sting.

Winner: card_name

Rewards winner

The card_name is far-and-away the winner in relation to rewards. Intuitively, Chase Final Rewards factors are value greater than Southwest Airways factors as a result of they are often transferred to Southwest Airways, along with getting used for a wide range of different redemptions. The choice worth of Final Rewards factors alone makes them a extra compelling foreign money to earn your rewards.

However you additionally earn extra factors on a lot of the purchases you make. When you’re reserving inns, you’ll earn two Southwest factors per greenback with the Southwest Premier if you e-book by their companions, however Chase provides you with two Final Rewards factors for any resort reserving, or 5 if you e-book by Chase Final Rewards.

With the card_name, you’ll additionally earn extra on eating, different journey classes, streaming and on-line grocery retailer purchases. You’ll solely earn extra with the Southwest Airways card if you fly on Southwest, if you use the cardboard for native commuting that Chase doesn’t embody as journey, and if you pay your web and telephone invoice.

When you’re like most cardmembers, you’ll earn extra factors total with the card_name and the factors you earn can be extra versatile.

Winner: card_name

Annual payment winner

The card_name’s annual payment of annual_fees beats the annual payment charged by the Southwest Premier card ($99 annual payment) by $4.00. Technically, the card_name wins this class. Substantively, a $4 distinction in annual payment received’t make a lot distinction to most cardmembers. 

Winner: card_name

APR winner

Each the card_name and the Southwest Premier playing cards carry a variable APR on purchases that ranges from reg_apr,reg_apr_type, primarily based on creditworthiness. When playing cards share the identical APR vary on purchases, you may often discover variations if you evaluate the opposite APRs just like the stability switch or money advance APRs.

On this case, digging deeper reveals no variations between the playing cards. The playing cards even have the identical My Chase Mortgage APR, the identical stability switch APR, the identical money advance APR and the identical penalty APR. This class is a precise tie.

Winner: Tie

International transaction payment winner

Chase affords each the card_name and the Southwest Premier with foreign_transaction_fee international transaction payment, that means each of those playing cards generally is a good possibility to hold when touring overseas.

Winner: Tie 

Extra perks

In the case of further perks, the card_name is as soon as once more the winner.

The cardboard’s flagship perks embody journey cancellation/interruption insurance coverage, major auto rental collision injury waiver insurance coverage, baggage delay insurance coverage, and journey delay reimbursement, all helpful protections in case you are searching for a card you should utilize to e-book journey.

However the card_name additionally is smart as your go-to card for buying gadgets with warranties, because it options each buy safety and prolonged guarantee safety. 

The Southwest Premier card affords none of those protections, however you do get 10,000 Companion Go qualifying factors and two EarlyBird Examine-Ins every year. Plus, for those who’re going after A-Record standing, you earn 1,500 Tier Qualifying Factors for each $10,000 you spend.

On stability, the Southwest Airways card will get you nearer to A-Record standing and a companion cross, however the card_name affords insurance coverage protections that may profit you on each journey you are taking, no matter airline.

Winner: card_name

Which card earns essentially the most?

When you’re like most vacationers, you’re prone to earn extra with the card_name. While you journey completely with Southwest Airways and e-book your entire inns and automotive leases by Southwest’s companions, you would possibly eke out barely extra factors. However this isn’t lifelike for many vacationers.

journey, purchases made with Southwest Airways will earn yet another level per greenback with the Southwest card than they may with the card_name. However virtually your entire different journey will earn extra with the card_name, particularly if you’ll be able to e-book by Chase Final Rewards and reap the benefits of the 5 factors per greenback that the cardboard affords for these bookings. Generally, the extra you journey, the extra you’ll earn with the card_name.

With the card_name, you’ll earn three factors per greenback on eating and on-line grocery retailer purchases. These classes will solely earn one level per greenback as normal purchases on the Southwest Premier card.

The Southwest Airways Premier card does supply barely extra factors for some native transit and commuting bills. (The card_name counts rideshare companies like Uber and Lyft as journey purchases.) And also you’ll earn yet another level per greenback in your web, cable, and telephone spending. However a $100 month-to-month telephone invoice and a $200 spent on public transportation month-to-month quantities to solely an additional 3,600 factors a yr with the Southwest card. This quantity is prone to be rapidly eclipsed by further earnings elsewhere.

Here’s what every card earns in its spending classes:

  • Southwest Airways Purchases: 3x
  • Speedy Rewards resort and automotive rental companions: 2x
  • Native transit, commuting, and rideshare: 2x
  • Web, cable, and telephone companies: 2x
  • Choose streaming: 2x All different purchases: 1x
  • Journey bought by Chase: 5x
  • All different journey: 2x
  • Eating, together with supply, takeout and eating out: 3x
  • On-line grocery purchases: 3x
  • Choose streaming companies: 3x
  • All different purchases: 1x

Our Take

Why We Suggest the card_name

For many vacationers, the card_name will earn you extra factors which can be extra versatile whereas providing helpful journey insurance coverage protections. With the restricted exceptions of Southwest Airways flights and a handful of classes the place you’re prone to spend solely a restricted sum of money every month, you’ll earn extra factors on virtually your entire spending with the card_name.

As a result of the card_name earns Final Rewards slightly than Southwest factors, you may have further possibility worth making your factors each extra versatile and extra helpful. You possibly can switch them to Southwest, convert them to money at one cent per level, use them to e-book journey by Chase Final Rewards at 1.25 cents per level, or switch your factors to journey companions for worldwide flights on world airways or resort stays.

Lastly, the card_name affords robust bank card journey insurance coverage protections and an prolonged guarantee profit.

General, the card_name affords a package deal that features extra incomes, a extra versatile rewards foreign money, and higher advantages.

Why you’d nonetheless go for the Southwest Speedy Rewards Premier

Possible the one motive you’d go for the Southwest Speedy Rewards Premier card over the card_name is in case you are chasing the Southwest Companion Go or A-Record standing with the airline. Factors transferred from Chase Final Rewards don’t rely for both the Southwest Companion Go or A-Record standing qualification. When you’re going for both of these advantages with Southwest, take into account sticking with the Southwest Speedy Rewards Premier card.

Backside Line: Extra Values for Vacationers

For many competing mid-tier premium journey playing cards, providing extra worth to vacationers than the card_name affords is a heavy elevate. Between incomes extra factors on most purchases, accumulating rewards in a versatile, transferable level foreign money, and providing a strong suite of journey insurances, the card_name delivers a worth package deal that isn’t matched by the Southwest Speedy Rewards Premier. Most vacationers looking for a journey bank card ought to select the card_name.

Regularly requested questions (FAQs)

Do Chase Final Rewards rely in the direction of the Companion Go if I switch to Southwest?

Chase Final Rewards transferred to Southwest don’t rely towards both the Companion Go or A-Record standing. 

Can I’ve a card_name and a Southwest Speedy Rewards bank card on the identical time?

Chase permits you to have a number of Southwest Airways bank cards, or a card_name and a number of Southwest Airways bank cards. You can’t maintain a couple of Chase Sapphire card.

Does Chase Sapphire work with Southwest?

The card_name and card_name playing cards earn Final Rewards factors, which may be transferred to Southwest if you maintain both card. Holding both card additionally permits you to convert Final Rewards factors you earn on different playing cards, such because the Chase Freedom Flex and card_name, to Southwest Speedy Rewards

Is card_name Good for flights?

The card_name is a superb card to make use of to e-book your flights. The cardboard earns two factors per greenback on all journey, or 5 factors per greenback for those who e-book your journey by Chase Final Rewards. Plus, the cardboard affords journey delay insurance coverage and journey cancellation/interruption insurance coverage.