Update: These offers for the IHG® Rewards Club Premier Credit Card and the Southwest Rapid Rewards® Priority Card have expired. Learn more about the current offers here.
About a month ago Spencer wrote about how Chase introduced the new Southwest Rapid Rewards® Priority Card. Chase has been introducing all kinds of new cards recently (like The World of Hyatt Credit Card and IHG® Rewards Club Premier Credit Card).
The new co-branded Southwest Card is especially lucrative for anyone who flies the airline with any frequency.
Last chance to earn a welcome bonus of up to 65K points
To celebrate the new card, the Southwest Priority Card has had a special welcome bonus of up to 65,000 Southwest Rapid Rewards points. Specifically, the card is offering:
- 40,000 bonus Rapid Rewards points after spending $1,000 within three months
- 25,000 additional bonus Rapid Rewards points after spending $15,000 within the first year
That’s a healthy welcome bonus, and among the best we’ve seen on a Southwest credit card. While that’s a high spend requirement, you have a year to complete it, so it’s spend that many may naturally complete over the course of their yearly purchases.
If you’ve been considering applying for this card, the limited time welcome bonus on the card is expected to expire tomorrow, August 22, 2018.
Why you want the Southwest Priority Card
So, why should you seriously consider the $150 annual fee Southwest Priority Card? Because it offers some really great perks, including:
- 7,500 anniversary points every year; I value Southwest points at ~1.4 cents each, so to me those points are worth ~$100
- A $75 annual Southwest travel credit; this can even be applied towards a ticket purchase
- Four upgraded boardings per year when available
- 20% back on in-flight drinks, wifi, messaging, and movies
If you fly Southwest with any frequency you’d come out way ahead with this card. The 7,500 bonus points and $75 annual travel credit more than justify the annual fee, and then the upgraded boardings and inflight savings are the icing on the cake.
The points earned on this card also count towards Companion Pass, which is one of the best deals available for domestic travel.
Southwest Priority Card eligibility
The Southwest Priority Card isn’t available to those who currently have any Southwest Rapid Rewards Personal Credit Card, or those who have received a new cardmember bonus on one of these cards in the past 24 months. Those who have the business version of the card are still eligible, and if you’ve just been an authorized user (but not primary cardmember) on any of these cards you’d also be eligible.
Furthermore, the card is subjected to the 5/24 rule, meaning you typically won’t be approved for the card if you’ve opened five or more new card accounts in the past 24 months.
You have just about 24 hours remaining to apply for the Southwest Priority Card with its excellent bonus of up to 65,000 points.
This is a strong card in terms of the welcome bonus and the perks that if offers, which should more than offset the annual fee. If you’ve had any experience with boarding on Southwest you’ll know how valuable upgraded boarding can be, so that’s why this card is seriously worth considering for anyone who is eligible.