June 20, 2024

Southwest has partnered with Chase to supply three private bank cards. The card_name sits in the midst of these three playing cards. Relying in your price range and the way usually you fly Southwest, this or one of many different two playing cards could also be the best choice. Nonetheless, it is advisable see how this card compares to the options earlier than making a closing determination.

Southwest Speedy Rewards® Premier Credit score Card

Credit score rating wanted

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Common APR

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Welcome provide

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This card is for anybody who flies on Southwest a minimum of a couple of occasions per yr, because it features a few perks that may make your journey cheaper and extra handy.With its welcome provide, anniversary bonus, and 3x factors on Southwest purchases, the card_name presents a whole lot of worth with a aggressive annual charge.

TIME’s Take

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With its welcome provide, anniversary bonus, and 3x factors on Southwest purchases, the card_name presents a whole lot of worth with a aggressive annual charge. Nonetheless, its factors have restricted flexibility, and you’ll’t escape the annual charge, even for the primary yr. Whereas some clients will respect its perks, frequent Southwest passengers could profit by upgrading to the card_name.

Professionals & Cons

Professionals

  • Consists of anniversary bonus.
  • Some non-travel purchases earn bonus factors, like streaming.
  • Eligible for a welcome provide.

Cons

  • Can’t mix with factors from different Chase playing cards.
  • Annual charge 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 a couple of occasions 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 annually.

This card can be for you in case you usually purchase drinks or Wi-Fi on-board. It offers you a 25% assertion credit score on in-flight purchases on these things if you pay together 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.

Remember the fact that this card requires membership to the Southwest Speedy Rewards program. In case you aren’t a member already, you’ll be robotically enrolled in case you apply for this card and are accepted.

Options

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

Straightforward-to-earn welcome provide

The card_name will presently provides 50,000 factors after spending $1,000 on purchases within the first three months from account openingbonus_miles_full. It is a comparatively low spending threshold, making this provide simple to earn (Observe: You’ll be able to solely earn the welcome provide in case you don’t presently have this card and haven’t obtained a bonus from Chase within the final 24 months.)

Anniversary bonus factors

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

Earn A-Record Standing and Companion Cross® Quicker

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

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

APR might 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 in case you recurrently carry a steadiness. Because of this it’s vital to pay your invoice in full each month, as is often the case with bank cards.

The wonderful print

  • Common buy APR: reg_apr,reg_apr_type.
  • Stability switch APR: balance_transfer_rate.
  • Money advance APR: cash_advance_apr.
  • Penalty APR: 29.99%.
  • Annual charge: annual_fees.
  • Late charge: late_payment_fee.
  • Returned cost charge: 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 gadgets 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 in opposition to harm 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 overseas transaction charges: You gained’t pay overseas transaction charges if you use your card exterior the U.S.

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

What could possibly be improved

It is 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 charge within the first yr. A number of playing cards on this tier do offer you a break on the annual charge. Whereas this isn’t a deal-breaker, it could be a welcome change.

One other factor this card is lacking is the flexibility to mix factors with different Chase packages. This implies you may’t mix factors with packages like Chase Final Rewards, which might offer you extra versatile redemptions. Since you may’t do that with the card_name, you’re restricted to the redemptions accessible 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 offer you a 6,000-point anniversary bonus, it doesn’t embody an annual journey credit score, such as you get with the card_name. The annual charge is barely annual_fees for the card_name, however including a journey credit score of round $50 would enhance this card’s attraction.

Card options

The card_name is the center sibling of the three Southwest bank cards from Chase. As such, its annual charge 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 evaluate this card to the card_name as a result of its annual charge is comparable. Their welcome bonuses are comparable, too. Naturally, the Southwest playing cards have airline-specific advantages you don’t get with the card_name. Then again, the card_name has higher bonus charges on on a regular basis spending.

TIME Stamp: Engaging perks for infrequent flyers on SouthWest Airways

The card_name provides first rate worth to occasional Southwest clients. It features a few useful perks, reminiscent of an anniversary level bonus, two EarlyBird check-ins, and a lift towards incomes A-Record standing and the Companion Cross. Nonetheless, the card_name provides extra worth for frequent Southwest passengers, and the annual charge for the card_name isn’t waived within the first yr. The cardboard definitely isn’t dangerous, however others are higher in some conditions.

Southwest Speedy Rewards® Premier Credit score Card

Credit score rating wanted

credit_score_needed

Common APR

reg_apr,reg_apr_type

Welcome provide

bonus_miles_full

This card is for anybody who flies on Southwest a minimum of a couple of occasions per yr, because it features a few perks that may make your journey cheaper and extra handy.With its welcome provide, anniversary bonus, and 3x factors on Southwest purchases, the card_name presents a whole lot of worth with a aggressive annual charge.

Regularly requested questions (FAQs)

What is the credit score rating for card_name?

Chase doesn’t point out a selected 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 accepted.

Is a Chase Southwest Card exhausting to get?

The Chase Southwest Playing cards will not be essentially the most tough playing cards to get, however they possible aren’t the simplest. 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 embody restricted worldwide routes, no enterprise or top notch, 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 may go away 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. Subsequently, 50,000 factors on this card ought to be value about $675.

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