Southwest Speedy Rewards Premier Credit score Card Evaluate 2023

Southwest has partnered with Chase to supply three private bank cards. The card_name sits in the course of these three playing cards. Relying in your finances and the way typically you fly Southwest, this or one of many different two playing cards could also be the best choice. Nonetheless, you should see how this card compares to the options earlier than making a closing resolution.

TIME’s Take

With its welcome supply, anniversary bonus, and 3x factors on Southwest purchases, the card_name presents loads of worth with a aggressive annual price. Nonetheless, its factors have restricted flexibility, and you may’t escape the annual price, even for the primary yr. Whereas some prospects will admire its perks, frequent Southwest passengers could profit by upgrading to the card_name.

Professionals & Cons

Professionals

• Contains anniversary bonus.
• Some non-travel purchases earn bonus factors, like streaming.
• Eligible for a welcome supply.

Cons

• Can’t mix with factors from different Chase playing cards.
• Annual price not waived the primary yr.
• Few further perks.

Who’s the cardboard for?

This card is for anybody who flies on Southwest a minimum of just a few instances per yr, because it features a few perks that may make your journey cheaper and extra handy. Chief amongst these perks is a 6,000-point anniversary bonus. Speedy Rewards factors are value about 1.35 cents every, so this bonus is value about $81 every year.

This card can also be for you for those who typically purchase drinks or Wi-Fi on-board. It offers you a 25% assertion credit score on in-flight purchases on this stuff while you pay along with your card. You additionally obtain 25% again on in-flight purchases made by approved customers in your card.

Lastly, this card is for you if ready for the 24-hour check-in window makes you anxious. It offers you two EarlyBird check-ins per yr, which helps you to examine in earlier than the 24-hour interval, relying on availability.

Needless to say this card requires membership to the Southwest Speedy Rewards program. In case you aren’t a member already, you’ll be robotically enrolled for those who apply for this card and are authorised.

Options

Whereas not heavy on options, there are some things this card can supply to common Southwest prospects.

Simple-to-earn welcome supply

The card_name will presently affords 50,000 factors after spending $1,000 on purchases within the first three months from account openingbonus_miles_full. This can be a comparatively low spending threshold, making this supply straightforward to earn (Observe: You may solely earn the welcome supply for those who don’t presently have this card and haven’t obtained a bonus from Chase within the final 24 months.)

Anniversary bonus factors

This card consists of 6,000 bonus factors every anniversary yr. There isn’t a minimal spend or different necessities for this bonus-–merely preserve the cardboard open, and also you’ll obtain your bonus every anniversary.

Earn A-Checklist Standing and Companion Move® Quicker

This card makes it simpler to earn coveted Southwest perks, together with A-Checklist standing and Companion Move. You will get 1,500 tier-qualifying factors (TQPs) for each $10,000 you spend on purchases yearly. TQPs depend towards incomes A-Checklist or A-Checklist Most well-liked standing, and there’s no restrict to what number of TQPs you may earn in a yr.

As well as, this card consists of one enhance of 10,000 Companion Move qualifying factors every calendar yr. To earn the Companion Move, you will need to have 100 qualifying one-way flights or 135,000 Companion Move qualifying factors. All factors you earn with this card depend towards Companion Move standing, together with the 50,000-point welcome supply.

APR may be excessive

The acquisition APR for this card is reg_apr,reg_apr_type. Whereas this isn’t extraordinarily excessive, this card could possibly be costly for those who frequently carry a stability. Because of this it’s necessary to pay your invoice in full each month, as is often the case with bank cards.

The high-quality print

• Common buy APR: reg_apr,reg_apr_type.
• Steadiness switch APR: balance_transfer_rate.
• Money advance APR: cash_advance_apr.
• Penalty APR: 29.99%.
• Annual price: annual_fees.
• Late price: late_payment_fee.
• Returned cost price: As much as $40.

Further hidden perks

The card_name features a few hidden perks that may make your journey higher:

• Misplaced baggage reimbursement: In case you or a direct member of the family have baggage misplaced or broken, you possibly can be eligible for a reimbursement of as much as $3,000 per passenger.
• Baggage delay insurance coverage: This reimburses you for objects like toiletries and clothes in case your baggage is delayed over six hours, as much as $100 a day, for 3 days.
• Buy safety: Covers purchases for 120 days towards injury or theft, as much as $500 per declare and as much as $50,000 per account.
• Prolonged guarantee: Extends the producer guarantee by a yr on purchases with warranties of three years or much less.
• No international transaction charges: You gained’t pay international transaction charges while you use your card outdoors the U.S.

Whereas there aren’t an enormous variety of perks right here, it’s good to see just a few further protections.

What could possibly be improved

This can be a pretty easy, simple card, so there isn’t a lot it leaves out for Southwest Clients. Nonetheless, there are some things it could be good to see from this card.

For one, it doesn’t waive the annual price within the first yr. A number of playing cards on this tier do provide you with a break on the annual price. Whereas this isn’t a deal-breaker, it could be a welcome change.

One other factor this card is lacking is the power to mix factors with different Chase packages. This implies you may’t mix factors with packages like Chase Final Rewards, which might provide you with extra versatile redemptions. Since you may’t do that with the card_name, you’re restricted to the redemptions obtainable by means of Speedy Rewards. Different airline playing cards from Chase, just like the card_name, allow you to mix.

Lastly, whereas this card does provide you with a 6,000-point anniversary bonus, it doesn’t embrace an annual journey credit score, such as you get with the card_name. The annual price is barely annual_fees for the card_name, however including a journey credit score of round $50 would improve this card’s enchantment.

Card options

The card_name is the center sibling of the three Southwest bank cards from Chase. As such, its annual price of annual_fees is greater than the annual_fees you’ll pay for the card_name however lower than the annual_fee_disclaimer you pay for card_name.

Equally, the card_name has a 6,000-point anniversary bonus in comparison with 3,000 for the card_name. The card_name has a 7,500-point anniversary bonus and a $75 annual journey credit score.

We additionally examine this card to the card_name as a result of its annual price is analogous. Their welcome bonuses are comparable, too. Naturally, the Southwest playing cards have airline-specific advantages you don’t get with the card_name. However, the card_name has higher bonus charges on on a regular basis spending.

TIME Stamp: Enticing perks for infrequent flyers on SouthWest Airways

The card_name affords first rate worth to occasional Southwest prospects. It features a few useful perks, resembling an anniversary level bonus, two EarlyBird check-ins, and a lift towards incomes A-Checklist standing and the Companion Move. Nonetheless, the card_name affords extra worth for frequent Southwest passengers, and the annual price for the card_name isn’t waived within the first yr. The cardboard actually isn’t dangerous, however others are higher in some conditions.

Steadily requested questions (FAQs)

What is the credit score rating for card_name?

Chase doesn’t point out a particular credit score rating requirement for the card_name. Nonetheless, as a mid-tier co-branded airline card, a credit score rating within the 690 to 850 vary ought to enhance your probabilities of getting authorised.

Is a Chase Southwest Card laborious to get?

The Chase Southwest Playing cards is probably not essentially the most tough playing cards to get, however they seemingly aren’t the best. Typically talking, these playing cards are on the excessive finish of the credit score rating requirement spectrum, however different playing cards are extra unique.

What are the cons of Southwest Speedy Rewards?

Southwest Speedy Rewards is a favourite amongst many U.S. vacationers. Nonetheless, it has its share of downsides. These embrace restricted worldwide routes, no enterprise or first-class, and an open seating coverage. The latter could possibly be a professional or a con relying on who you ask, however failing to examine in early within the 24-hour window might depart you with an undesirable seat.

How a lot Is 50000 factors on Southwest bank card?

Speedy Rewards factors are value about 1.35 cents every. Due to this fact, 50,000 factors on this card needs to be value about $675.