Slickdeals is community-supported. We may get paid by brands or deals, including promoted items.

Southwest Airlines Credit Card Deal: 40,000 Bonus Points for New Cardholders

Earn 40,000 points worth of free flights and then enjoy perks like travel credits and discounts.

Advertiser Disclosure: At Slickdeals, we work hard to find the best deals. Some products in our articles are from partners who may provide us with compensation, but this doesn’t change our opinions.

Rapid Rewards® Plus Card

Rapid Rewards® Premier Card

Rapid Rewards® Priority Card

If you’re not currently a Southwest Rapid Rewards cardholder, it’s probably a good time to consider getting on board. If you’re considering post-pandemic travel, Southwest Airlines’ suite of consumer Rapid Rewards credit cards is offering new cardmembers 40,000 bonus points worth of free flights. Plus, for the first year of card membership, earn 3x points per dollar spent on dining, including takeout and eligible delivery.

Southwest Card Bonus Bonus Eligibility Annual Fee
Southwest Rapid Rewards® Plus Credit Card 40,000 points Spend $1,000 on purchases during the first 3 months of account opening. $69
Southwest Rapid Rewards® Premier Credit Card 40,000 points Spend $1,000 on purchases during the first 3 months of account opening. $99
Southwest Rapid Rewards® Priority Credit Card 40,000 points Spend $1,000 on purchases during the first 3 months of account opening. $149
Southwest Rapid Rewards® Premier Business Credit Card 60,000 points Spend $3,000 on purchases during the first 3 months of account membership. $99
Southwest Rapid Rewards® Performance Business Credit Card 80,000 points Spend $5,000 on purchases during the first 3 months of account opening. $199

Eligible Consumer Southwest Rapid Rewards Credit Cards

Southwest’s Rapid Rewards cards are considered to be among the best rewards credit cards. Similarly, they’re regularly ranked by Slickdeals in the top-rated travel credit card category. The consumer Rapid Rewards cards below are eligible for Southwest’s 40,000-point bonus offer.

Southwest Rapid Rewards® Plus Credit Card

The Southwest Rapid Rewards Plus Credit Card is the entry level card for aspiring Rapid Rewards point earners. All consumer Southwest credit cards earn 2x points per dollar spent with Southwest and 1x points on all other purchases. Above all, for a modest $69 annual fee, the Rapid Rewards Plus credit card helps you rack up points as cheaply as possible. Our favorite Rapid Rewards Plus perk is the 3,000 bonus points that are awarded to cardholders on the every anniversary year of your account opening. It’s an added incentive to retain the card after you’ve earned the initial sign-up bonus.

Bonus

The Southwest Rapid Rewards Plus Credit Card offers new cardholders a handy sign-up bonus. New cardmembers can earn 40,000 Rapid Reward points after spending $1,000 during the first three months of account opening. Additionally, earn 3x points per dollar spent on dining, including takeout and eligible delivery, for the first year,

You’ll also receive 3,000 points annually on your cardmember anniversary.

Rewards Rate

In addition to the sign-up bonus, you’ll earn Southwest points for using our card for purchases. Currently, cardmembers earn:

  • 3x points per dollar spent on dining, including takeout and eligible delivery, for the first year
  • 2X points per dollar spent on all other Southwest purchases
  • 1X points per dollar spent on all other purchases

Bonus points earned with the Southwest Rapid Rewards Plus Credit Card do not count towards earning A-List or A-List Preferred status.

Annual Fee

The Southwest Rapid Rewards Plus Credit Card has the lowest annual fee among the suite of Southwest credit cards. The card comes with a $69 annual fee, which is applied to the first billing statement. Always factor the annual fee cost in when determining the value of any rewards credit card.

Foreign Transaction Fees

Unlike most Southwest Airlines credit cards, the Plus card does charge foreign transaction fees. Purchases made with the Southwest Rapid Rewards Plus Credit Card outside of the U.S. are subject to a 3% foreign transaction fee.

Benefits

As Southwest’s entry-level card, there aren’t many extra perks attached to the Southwest Rapid Rewards Plus Credit Card. Like all Southwest Rapid Rewards members, you’ll enjoy free first and second checked bags, no change fees and no blackout dates on rewards flights. Travel perks featured with this airline credit card include:

  • Lost luggage reimbursement
  • Baggage delay insurance
  • Extended warranty protection
  • Purchase damage and theft protection

Southwest Rapid Rewards® Premier Credit Card

In addition to perks like no foreign transaction fees and being able to earn A-list flight status, the Premier Credit Card also offers a generous 6,000 bonus points every cardholder anniversary, which can often be enough to cover the cost of a one-way domestic flight. It’s these types of benefits that help round out the value of the $99 annual fee. This card also earns Southwest’s standard 2x points per dollar spent with Southwest and 1x points on all other purchases.

Bonus

The Premier Credit Card features a sign-up bonus of 40,000 points after spending $1,000 on purchases during the first three months of account opening. Also, the credit card earns 3x points per dollar spent on dining, including takeout and eligible delivery, for the first year.

You’ll also receive 6,000 points annually on your cardmember anniversary.

Rewards Rate

Cardmembers can earn more Rapid Rewards points through purchases with the Premier card. Currently, cardmembers earn:

  • 3x points per dollar spent on dining, including takeout and eligible delivery, for the first year
  • 2X points per dollar spent on all other Southwest purchases
  • 1X points per dollar spent on all other purchases

Bonus points earned with the Premier Credit Card count towards earning a Southwest companion pass and also towards earning A-List and A-List Preferred status.

Annual Fee

The Southwest Premier Credit Card also comes with an annual fee that isn’t waived the first year. Cardmembers are charged the $99 annual fee on the first billing statement.

Foreign Transaction Fees

If you’re planning any post-pandemic travel outside of the US, the Southwest Rapid Rewards Premier Credit Card is a great travel companion. The card doesn’t charge any foreign transaction fees on international purchases.

Benefits

The Southwest Rapid Rewards Premier Credit Card offers similar benefits to the Plus card. Again, there are no fees for first and second checked bags, no change fees and no blackout dates on rewards flights. The Premier card’s travel perks include:

  • Lost luggage reimbursement
  • Baggage delay insurance
  • Extended warranty protection
  • Purchase damage and theft protection

Southwest Rapid Rewards® Priority Credit Card

When you look at benefits like a $75 annual travel credit, four upgraded boardings each year, free checked bags and discounts on in-flight purchases, the Southwest Rapid Rewards Priority is probably the most affordable of all the Southwest credit cards. Similarly, the 7,500 bonus points each cardmember anniversary really pack on the value and offset this card’s $149 annual fee.

Bonus

In line with other current Southwest credit card deals, the Southwest Rapid Rewards Priority Credit Card comes with a 40,000-point sign-up bonus. New cardmembers will earn 40,000 Rapid Reward points after spending $1,000 during the first three months of account opening. Additionally, during the first year of membership, earn 3x points per dollar spent on dining, including takeout and eligible delivery.

Cardmembers also receive 7,500 points annually on their cardmember anniversary.

Rewards Rate

The rewards rates for the Southwest Rapid Rewards Priority Credit Card are the same as other Southwest personal cards. Currently, cardmembers earn:

  • 3X points per dollar spent on dining, including takeout and eligible delivery services, for the first year
  • 2X points per dollar spent on all other Southwest purchases
  • 1X points per dollar spent on all other purchases

Bonus points earned with the Southwest Rapid Rewards Priority Credit Card count towards earning a Southwest companion pass and also towards earning A-List and A-List Preferred status.

Annual fee

The Southwest Rapid Rewards Priority Credit Card has the highest annual fee among the Southwest personal credit cards. Cardmembers pay a $149 annual fee, which is applied to the first billing statement. Despite the fee, this is still a great deal for frequent Southwest travelers because of the bounty of travel perks included with the card.

Foreign Transaction Fees

Like the Premier Card, this airline card comes with no foreign transaction fees. As travel slowly becomes part of life again post-pandemic, you won’t have to worry about paying extra charges for purchases made outside of the U.S.

Benefits

The Southwest Rapid Rewards Priority Credit Card features more perks than other Southwest personal credit cards. Like the previous cards mentioned, you’ll enjoy no fees for first and second checked bags, no change fees and no blackout dates on rewards flights.

Also, the Priority card features the following travel perks:

  • $75 Southwest annual travel credit
  • Four upgraded boardings annually (when available)
  • 20% back on inflight drinks and WiFi (via statement credit)
  • Lost luggage reimbursement
  • Baggage delay insurance
  • Extended warranty protection
  • Purchase damage and theft protection

Southwest Rapid Rewards Business Cards

If your business frequently uses Southwest airlines, then its suite of business cards are valuable options to consider. Both the Southwest Rapid Rewards Premier Business Credit Card and the Southwest Rapid Rewards Performance Business Credit Card offer employee cards at no additional cost and offer travel-related perks like discount on in-flight amenities, as well as purchase protections including extended warranty and damage protection.

Southwest Rapid Rewards® Premier Business Credit Card

Southwest’s entry-level business card is a great option for business owners who want to maximize company spending to earn free Southwest flights. Like most business credit cards, there’s an annual fee to pay, but the signing bonus and travel and purchase perks provide enough value to negate the fee.

Bonus

With the Southwest Rapid Rewards Premier Business Credit Card, you’ll earn 60,000 bonus points after spending $3,000 on your card in the first three months from account opening.

You’ll also receive 6,000 points annually on your cardmember anniversary.

Rewards Rate

You’ll also earn Rapid Rewards points when you use your Premier Business card for purchases. Currently, cardmembers earn:

  • 2X points per dollar spent on all Southwest purchases
  • 1X points per dollar spent on all other purchases

Bonus points earned with the Southwest Rapid Rewards Premier Business Credit Card count towards earning a Southwest companion pass and also towards earning A-List and A-List Preferred status.

Annual Fee

The Southwest Rapid Rewards Premier Business Credit Card comes with a $99 annual fee, which is applied to the first billing statement. Keep in mind that business owners can receive cards for employees at no additional cost.

Foreign Transaction Fees

When you return to business travel, the Southwest Rapid Rewards Premier Business Credit Card has your back. Use it for all of your international travel expenses since it doesn’t carry any foreign transaction fees.

Benefits

The Premier Business card offers just enough travel-related perks to make it a viable option for business owners. Similar to other Southwest credit cards, you’ll enjoy no fees for first and second checked bags, no change fees and no blackout dates on rewards flights. The benefits that come with this business card include:

  • Lost luggage reimbursement
  • Baggage delay insurance
  • Extended warranty protection
  • Purchase damage and theft protection

Southwest Rapid Rewards® Performance Business Credit Card

If you’re looking for a business card packed with travel benefits, the Southwest Rapid Rewards Performance Business Credit Card is a great deal. Not only does it earn bonus points for Southwest purchases, but it also features elevated rewards for select business expenses. What we really love about this cobranded card is the added travel perks like inflight WiFi credits, upgraded boarding passes annually and the Global Entry or TSA Pre✓® Fee Credit. Frequent business travelers will find more than enough value with the Performance Business card.

Bonus

The Southwest Rapid Rewards Performance Business Credit Card features an 80,000-point sign-up bonus for new cardholders who spend $5,000 with their new cards during the first three months of account opening.

You’ll also receive 9,000 points annually on your cardmember anniversary.

Rewards Rate

The Southwest Rapid Rewards Performance Business Credit Card comes with elevated earning in three categories:

  • 3X points per dollar spent on all Southwest purchases
  • 2X points per dollar spent on social media and search engine advertising, and internet, cable and phone services
  • 1X points per dollar spent on all other purchase

Bonus points earned with the Southwest Rapid Rewards Performance Business Credit Card count towards earning a Southwest companion pass and also towards earning A-List and A-List Preferred status.

Annual Fee

Southwest Rapid Rewards Performance Business Credit Card also features the highest annual fee of any Southwest credit card. The card comes with a $199 annual fee, which is applied to your first billing statement. Note that business owners have access to free cards for employees, which also earn Southwest points.

Foreign Transaction Fees

The Southwest Rapid Rewards Performance Business Credit Card doesn’t carry any foreign transaction fees. If you frequently travel outside of the US for business, you don’t have to worry about extra charges on your purchases if you use the Performance Business card.

Benefits

The Southwest Rapid Rewards® Performance Business Credit Card comes loaded with travel-related perks business owners will love. Like other Southwest credit cards, you’ll enjoy no fees for first and second checked bags, no change fees and no blackout dates on rewards flights. In addition, it comes with these business and travel-related perks:

  • Up to 365 inflight WiFi credits annually
  • Four upgraded boarding passes annually (when available)
  • Global Entry or TSA Pre✓® Fee Credit up to $100 every four years
  • Lost luggage reimbursement
  • Baggage delay insurance
  • Extended warranty protection
  • Purchase damage and theft protection

Redeeming Southwest Points

Southwest points are redeemed through Rapid Rewards, Southwest Airlines’ loyalty program. The best value for your points is booking Southwest flights. Southwest travels to over 99 destinations across the U.S., Mexico and the Caribbean. Note that rewards flights are subject to taxes and fees from $5.60 per one-way flight. The number of points required for rewards flights varies based on the destination, time and day of travel and other factors.

Southwest flights may be the best use of your Rapid Rewards points, but you can choose other redemption options. You can also use your rewards points towards merchandise, international flights operated by other airlines, hotel stays, gift cards and rental cars. There’s also an option to donate your Southwest points to various charities.

Another reason to love the Rapid Rewards program is that your Southwest points never expire. The only way to lose your points is if you close your Rapid Rewards account.

Compare Southwest Rapid Rewards

While all of the Chase Southwest credit cards are excellent options for rewards earning, the right one for you depends on your needs and willingness to pay the annual fee. Here’s a recap of all five Southwest Airlines credit card options.

Co-Branded Card Annual Fee  Bonus Anniversary Bonus Foreign Transaction Fees
Southwest Rapid Rewards Plus $69 40,000 points 3,000 points Yes
Southwest Rapid Rewards Premier $99 40,000 points 6,000 points No
Southwest Rapid Rewards Priority $149 40,000 points 7,500 points No
Southwest Rapid Rewards Premier Business $99 60,000 points 6,000 points No
Southwest Rapid Rewards Performance Business $199 80,000 points 9,000 points No

What Is the Southwest Companion Pass?

The Companion Pass allows holders to bring a companion with them on any Southwest flight and only pay taxes and fees on the plus-one ticket, which start at $5.60 one way. In other words, if you book a roundtrip ticket for $350, you can add your companion to your reservation and pay only $11.20 for them to join you.

You can change your companion up to three times in a calendar year, so if you don’t regularly travel with any one person, you’ll have some flexibility.

Depending on how often you fly, having the Companion Pass could save you hundreds or even thousands of dollars on flights with your chosen travel buddy. Even if you only fly once, the savings can be worth it. Also, note that the pass is good whether you book a flight with cash or Rapid Rewards points.

You typically need to earn 125,000 qualifying points or take 100 qualifying one-way flights in a year to earn the pass. 

Bottomline

In conclusion, this limited-time promotion is ideal if you want to use your new credit card for everyday spending, upcoming travel or any big ticket items in the first half of the year. Be sure to connect your new card to your favorite online stores, so you don’t miss out on an opportunity to earn. Plus, if you need to book a trip to visit family in another state, book with this card through Southwest to earn even more points.

If you’re planning on applying, carefully consider each card and its features compared with its fees. Because the sign-up bonus is the same on each card, the best one for you will depend on which one has features that best fit your travel plans.

While we work hard on our research, we do not always provide a complete listing of all available offers from credit-card companies and banks. And because offers can change, we cannot guarantee that our information will always be up to date, so we encourage you to verify all the terms and conditions of any financial product before you apply.

Ben Luthi

Ben Luthi is a personal finance and travel writer and credit card expert. He has a degree in finance from Brigham Young University and worked in financial planning, banking and auto finance before writing full-time for NerdWallet and Student Loan Hero. Ben is now a full-time freelance writer and enjoys traveling and spending time with his two kids. His work has appeared in several publications, including U.S. News & World Report, USA Today, Money, Success and Slickdeals.

Related Articles

Back to top button

Trending Stores

Coupons for Popular Stores