What is the interest rate on a Southwest credit card?

What is the interest rate on a Southwest credit card?
Card Summary The card also offers 6,000 bonus points after your cardholder anniversary. The card charges a $99 annual fee. Interest rates for the Southwest Rapid Rewards Premier Credit Card are a 17.49% to 24.49% variable.

Keeping this in consideration, is the Southwest credit card a good deal?

A good middle choice is the Southwest Rapid Rewards® Premier Credit Card. Its higher annual fee is equalized by the extra anniversary points it offers, assuming you use the points toward a flight. It eliminates foreign transaction fees and offers minor progress toward elite status on the airline.

Additionally, will Southwest credit card waive annual fee? With the Southwest Rapid Rewards® Premier Credit Card , you’ll earn 40,000 Southwest points after spending $1,000 on purchases in the first three months of account opening. There’s a $99 annual fee, not waived the first year.

Just so, which Southwest Airlines credit card is the best?

The best card for Southwest flyers The Southwest Rapid Rewards Priority card is by far the best value for a frequent Southwest flyer, thanks to its $75 travel credit and 7,500-point annual bonus. More things to know: 40,000 points if you spend $1,000 in first 3 months.

How much is 40000 Southwest points worth?

The value per point varies by flight, but averages around 1.6 cents per point for a Wanna Get Away fare.

Southwest Rapid Rewards redemption options.

Average point value Value of 40,000-point sign-up bonus
Business Select fare 0.9 cents $360
$100 gift card 1 cent $400

38 Related Question Answers Found

Will Southwest waive annual fee?

Annual fee isn’t waived the first year. Many airline cards with comparable annual fees waive the fee in the first year, but the Southwest Rapid Rewards® Premier Credit Card offers no such break. After you’re approved for the card, you’ll be billed for the $99 annual fee right away.

How many miles does it take for a free flight on Southwest?

Unlike other airlines that charge 25,000 to 35,000 miles for a domestic flight, when redeeming a free flight on Southwest Airlines, the number of points will vary depending upon the cash price of the flight.

How much is 50000 Southwest points worth?

In terms of value, those 50,000 points represent roughly $715 in Wanna Get Away fares, which make these cards some of the best sign-up bonus offers on the market.

Is Southwest card worth annual fee?

According our estimation of Southwest points value, those annual points are worth about $113 in Southwest flights. This single perk would compensate for most of the annual fee, and that’s not even counting that sign-up bonus. The card also provides a $75 Southwest credit each year.

Do Southwest credit card holders get priority boarding?

Southwest Rapid Rewards Priority cardholders can use their card to pay for “Upgraded Boarding” on the day of a flight. These priority slots, A1 through A15, are the first 15 passengers onboard.

What credit card gives you the best air miles?


  • Chase Sapphire Preferred® Card.
  • Capital One® Venture® Rewards Credit Card.
  • Mastercard® Black Card™
  • Discover it® Miles.
  • American Express® Gold Card.
  • American Airlines AAdvantage MileUp℠ Card.
  • Delta SkyMiles® Gold American Express Card.
  • Southwest Rapid Rewards® Priority Credit Card.

What credit score do you need for Southwest card?

To qualify for a Southwest Airlines credit card, you will typically need a minimum good credit score. That’s a score between 700 and 749, depending on the credit report and model used. The credit score is important, but for the most part, it’s a barometer to assess your chances of being approved.

How many credit cards are too many?

To answer your question about whether seven cards is too many, the best information I can give you comes from the FICO high achiever statistics, an analysis by the credit scoring giant into the habits and attributes of approximately 50 million U.S. consumers who score above 785. Base FICO scores range from 300 to 850.

Which is better southwest Premier or Plus?

Better anniversary reward Although the Southwest Rapid Rewards® Premier Credit Card’s annual fee is $30 more than the Southwest Rapid Rewards® Plus Credit Card, you get 3,000 additional Rapid Rewards® points after your card member anniversary.

What are the benefits of a Southwest credit card?

8 Valuable Benefits of the Southwest Rapid Rewards® Plus Credit Card

  • Southwest Rapid Rewards Benefits. Earn More Rapid Rewards Points. Earn the Companion Pass Faster.
  • Travel Protections. Baggage Delay Insurance. Lost Luggage Reimbursement.
  • Purchase Protection. Extended Warranty Protection. Purchase Protection.
  • Final Thoughts.

How many credit cards should I have?

The short answer: you should have at least two – ideally each from a different network (Visa, Mastercard, American Express, Discover, etc.) and each offering you a different kind of rewards (cash back, miles, rewards points, etc.). How many credit cards is too many?

Is Southwest credit card easy to get?

Assuming neither of the above restrictions apply to you, data from LendingTree suggests you’ll need an average score of 670 to get approved for the Southwest Rapid Rewards Premier Credit Card, while the typical low score is a 607.

Should I get a airline credit card?

Airline credit cards are ideal for those who regularly travel with a particular airline, or who could choose to do so. Airline cards also offer perks like free checked bags and priority boarding. Depending on how you redeem rewards, you might get more value than with a general travel card.

What bank is Southwest credit card?

The Southwest Rapid Rewards® Credit Card is brought to you by Southwest Airlines® and Chase. Southwest Airlines is responsible for the redemption of Rapid Rewards points toward benefits and services.

Which southwest card is easiest?

If so, Chase offers three personal Southwest credit cards that are some of the easiest credit cards to get approved for. The newest addition is the Southwest Rapid Rewards Priority Card. Like most other airline rewards cards, you have good approval odds with a credit score in the mid to upper-600s.

What credit card has best rewards?

The Ascent’s picks for the best rewards credit cards:

  • Bonus cash with no annual fee: Discover it® Cash Back.
  • Sign-up bonus and airline miles: Chase Sapphire Preferred® Card.
  • Flat-rate travel rewards: Capital One® Venture® Rewards Credit Card.
  • Cash rewards program: Bank of America® Cash Rewards credit card.

Should I cancel Southwest credit card?

As you can tell, it’s usually not worth it to cancel your Southwest credit card because of the value of the annual bonuses and the additional perks provided by the card.

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