Southwest Rapid Rewards® Premier Credit Card Review

Southwest Rapid Rewards® Premier Credit Card Learn more

The Southwest Rapid Rewards® Premier Credit Card allows airline-savvy travelers to earn 2 points per dollar spent Southwest purchases. Southwest fans, rejoice. This card translates Southwest loyalty into quality travel rewards — plus, you’ll get the chance to unlock other perks like A-List status and free flights for a chosen travel companion with the Companion Pass.

Offers matched to your credit profile

CardMatch™ by

Learn More
In this article
    CardOngoing Purchase APRAnnual FeeIntro BonusCredit NeededKey features
    Southwest Rapid Rewards® Premier Credit Card15.99%–22.99% variableAPR$99Earn Companion Pass® through 2/28/2022 plus 30,000 points after you spend $5,000 on purchases in the first 3 months.Good to ExcellentThis airline rewards card allows cardholders to earn two points for every dollar spent on Southwest purchases. Earn one point per dollar for everything else.

    What we like about it

    The Southwest Rapid Rewards® Premier Credit Card is an ideal airline card for those looking to maximize their Southwest rewards and leverage their pre-existing Southwest frequent flyer miles and loyalty. For example, you can use this card to work your way up to earning the Companion Pass, which gives your chosen companion a year of free flights, minus some fees, of course. The Southwest Rapid Rewards card is considered the middle ground of the three available Southwest Rapid Rewards card options and offers cardholders impressive annual loyalty bonuses and other helpful perks.

    If you’re planning on traveling abroad, you won’t have to worry about foreign transaction fees adding to your final bill, for instance. Although Southwest doesn’t fly to a large variety of international locations like Europe, the airline does offer flights to places like Belize, Turks and Caicos and multiple cities within Mexico. With that said, Southwest will allow you to redeem your Rapid Rewards points for international flights on different airlines that offer them. Plus, there are no blackout dates or restrictions regarding your airplane seat choice to throw a wrench in your plans.

    A-List members enjoy special perks like free same-day standby, dedicated A-List member phone line, priority boarding, 25% more Rapid Rewards points earned on each flight and priority check-in and security lane access.

    Things to consider

    One of the main drawbacks of this card includes the lack of luxury perks, but if you’re already a Southwest frequent flyer, you probably already expect as much. You also can’t stack the points you earn from another frequent flyer program, which is unfortunate if you’re not a through-and-through Southwest loyalist.

    And, if you’re fee-averse, be aware, there is an annual fee you must pay that isn’t waived as part of any introductory offer. Although hefty annual fees characterize many travel credit cards, they also typically have more robust rewards structures or glamorous perks that allow cardholders the opportunity to cancel out the annual fee. There are still perks that can offset the cost, but it’s essential to keep that in mind as you evaluate if the Southwest Rapid Rewards® Premier Credit Card will work for you.

    You also don’t receive free checked bags, as many other airline cards do. With that said, your first two checked bags on Southwest are already free anyway, so that perk is moot unless you were hoping for a third free bag check.

    Southwest Rapid Rewards® Premier Credit Card travel rewards

    To make the most of the Southwest Rapid Rewards® Premier Credit Card, you should consider what you’re getting in return with your earning rate. The 2x points on Southwest expenses purchases mean you’re receiving 3% back on Southwest purchases.

    You can redeem the points you earn in the form of merchandise, gift cards, rental cars, travel experience and hotels. However, the easiest way to redeem your rewards is by grabbing the next flight out of town. Southwest makes it easy for cardholders to redeem their points for flights, which is where you’ll get the most bang for your buck.

    Southwest Rapid Rewards® Premier Credit Card fees

    The only fee cardholders will need to worry about is the annual membership fee of $99. There are no foreign transaction fees, either, so regardless of what airline you take to visit Europe or the Caribbean, you can use the card anywhere Visa is accepted.

    How does it compare to other airline cards?

    The Alaska Airlines Visa Signature® Credit Card is another airline-specific rewards card but features a lower annual fee of $75. Benefits include a 40,000 bonus mile offer plus Alaska’s Companion Fare Offer, which costs just $121. To receive this reward, you’ll need to spend $2,000 within the first three months after your initial account activation. If you’re looking for a slightly cheaper annual fee and prefer Alaska over Southwest, you may want to consider this card as an alternative. You also earn at a slightly higher rate: three miles for every $1 spent on eligible Alaska Airlines expenses.

    Chase Sapphire Preferred® Card is another airline option with a similar $95 annual fee. However, there’s a nice bonus available. With this card, cardmembers can earn more points on travel and dining at restaurants plus travel protection benefits. If you spend $4,000 within the first three months of your account activation earn 60,000 bonus points. That’s $750 toward travel when you redeem through Chase Ultimate Rewards®. Plus earn up to $50 in statement credits towards grocery store purchases. This is a good option if you don’t want to stick to one particular airline, and you’d like more flexibility with your travel rewards.

    Advertiser Disclosure

    We are an independent, advertising-supported comparison service. Our goal is to help you make smarter financial decisions by providing you with interactive tools and financial calculators, publishing original and objective content, by enabling you to conduct research and compare information for free – so that you can make financial decisions with confidence. The offers that appear on this site are from companies from which receives compensation. This compensation may impact how and where products appear on this site including, for example, the order in which they appear. The Simple Dollar does not include all card/financial services companies or all card/financial services offers available in the marketplace. The Simple Dollar has partnerships with issuers including, but not limited to, Capital One, Chase & Discover. View our full advertiser disclosure to learn more.

    Nicki Escudero

    Contributing Writer

    Nicki Escudero is a freelance writer and journalist with more than 18 years of experience in the publishing industry, writing for international publications such as USA Today, Entrepreneur, Marketing Land, American Art Collector magazine and the Arizona Republic. She is passionate about helping readers discover helpful tips that lead to happier, healthier lives. A former Australian expat, Nicki has a passion for world travel and loves to learn about new cultures.