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Whether you plan to travel in a few months or are hoping to stock airline rewards for post-epidemic trips, a Chase Southwest Rapid Rewards Card can get you with a new sign-up bonus. Southwest Rapid Rewards Plus, Premier and Priority Credit Cards are doubling their bonuses for new cardholders and giving them more time to earn.
The cards get a boost to earn points through 2021 on Southwest Airlines purchases.
Here’s what you need to know about the new Southwest card offer, which can bring your 2021 earnings to one’s reach Fellow pass.
What is the offer?
You can earn 80,000 bonus points after spending $ 10,000 on the card in the first nine months. New card holders have two chances to earn points.
When you spend $ 2,000 on a card in the first three months, you earn 50,000 points. If you spend $ 8,000 more on the card over the next six months, you can receive 30,000 additional points.
These points are worth $ 1,100 according to American News Research, To double the value of the previous 40,000-point offer and add six months to the earnings window.
Chase has not only upgraded the sign-up bonus, but has also awarded bonus points on the purchase of Southwest Airlines for the Southwest Rapid Rewards Card.
Cardholders will earn five points per dollar spent up to $ 2,000 in monthly Southwest purchases, and all other purchases earn one point per dollar through 2021. Previously, cardholders received two points per dollar for Southwest purchases and one dollar per dollar for all other purchases.
The new offer applies to all three Chase Southwest consumer credit cards – Plus, Premier and Priority – and annual bonus points top the cardholders’ earnings. Every year on the anniversary of your account, you will receive:
Is the proposal worthwhile?
A sign-up bonus of over $ 1,000 in airline rewards is valuable whether you have an immediate travel plan or not.
The value of the bonus assumes what these cards charge for the annual fee, which ranges from $ 69 to $ 149. You can easily get ahead in the first year and beyond, even if you plan to earn rewards now and redeem them later.
In addition, earning the entire bonus puts you approximately two-thirds of the 125,000 points required in a calendar year to receive a Southwest Companion Pass. This benefit allows you to choose a person to fly for $ 5.60 one way, every time you shop or redeem points for a flight, with only taxes and fees.
Once you pass, the Companion Pass is good for the rest of the year you earned it and the next calendar year.
Compare sign-up bonus
Southwest cards are not just travel credit cards that increase sign-up bonuses to attract new cardholders during the epidemic travel recession. Make sure you compare the Southwest offer with the travel card for your business:
- Combined Explorer Card. In two installments in six months, new cardholders can earn up to 70,000 bonus miles, worth approximately $ 1,200. If you spend $ 3,000 on the card in the first three months and then spend 10,000 additional miles with $ 3,000 more on the card over the next three months then you get 60,000 miles.
- Capital One Venture Rewards Credit Card. When you spend $ 20,000 on a card in the first 12 months, you can earn 100,000 bonus miles of $ 100,000. If you can’t meet that spending requirement, you can still earn 50,000 miles after spending $ 3,000 in the first three months.
- Chase Sapphire Preferred Card. New cardholders can earn 60,000 bonus points up to $ 750 by spending $ 4,000 in the first three months.
Should you claim the offer?
Whether you plan to use southwest points sooner or later, this bonus is worth a look.
These are the biggest digit bonus Southwest consumer cards recently introduced in memory. Previously, the bonus has been high with 60,000 points or combined points with Companion Pass.
If you don’t think you can meet the spending requirement for the card or can’t imagine traveling soon, the bonus is probably not worth it for you. A cash back credit card with a flexible rewards program may be a better option.