January 23, 2022

Chase Southwest Rapid Rewards Plus Card Review

How to Maximize Rewards With the Southwest Rapid Rewards Plus Credit Card

With the Southwest Rapid Rewards Plus Credit Card, you’ll earn two points per dollar on Southwest purchases, Rapid Rewards hotels and car partners, local transit and ride-hailing, and internet, cable, phone and select streaming services. All other purchases earn one point per dollar. With the card’s sign-up bonus, you can earn 100,000 bonus points. Earn 50,000 bonus points after spending $2,000 on purchases in the first 3 months your account is open, plus 50,000 more bonus points after spending $12,000 total on purchases in the first 12 months.

Comparisons With Other Credit Cards

Annual fee: The Southwest Rapid Rewards Plus Credit Card has a $69 annual fee. The Southwest Rapid Rewards Premier Credit Card has a $99 annual fee.

Rewards: The Southwest Rapid Rewards Plus Credit Card earns two points per dollar on Southwest purchases. The Southwest Rapid Rewards Premier Credit Card earns three points per dollar on Southwest purchases. Both cards earn two points on local transit and commuting, including ride-hailing, and two points on internet, cable, phone and select streaming services.

Sign-up bonus: For both cards, you can earn 100,000 bonus points. Earn 50,000 bonus points after spending $2,000 on purchases in the first 3 months your account is open, plus 50,000 more bonus points after spending $12,000 total on purchases in the first 12 months.

Benefits: Both cards offer similar benefits, including extended warranty coverage, purchase protection, lost luggage reimbursement and baggage delay insurance.

Annual fee: The Southwest Rapid Rewards Plus Credit Card’s annual fee is $69. The annual fee for the Chase Sapphire Preferred Card is $95.

Rewards: With the Southwest Rapid Rewards Plus Credit Card, cardholders earn two points per dollar on Southwest and Rapid Rewards hotel and car rental partner purchases. You’ll earn one point per dollar on all other purchases. The Chase Sapphire Preferred Card offers five points per dollar on Lyft rides (valid through March 2022), three points per dollar on dining at restaurants, two points per dollar on travel and one point per dollar on all other purchases.

Sign-up bonus: The Southwest Rapid Rewards Plus Credit Card offers 100,000 bonus points. Earn 50,000 bonus points after spending $2,000 on purchases in the first 3 months your account is open, plus 50,000 more bonus points after spending $12,000 total on purchases in the first 12 months With the Chase Sapphire Preferred Card, spend $4,000 on purchases in the first 3 months from account opening and you’ll earn 60,000 bonus points.

Benefits: The Southwest Rapid Rewards Plus Credit Card’s benefits include baggage delay insurance, lost luggage reimbursement, travel accident insurance and extended warranty coverage. The Chase Sapphire Preferred Card’s benefits include trip cancellation and interruption insurance, auto rental collision damage waiver, travel and emergency assistance services, extended warranty coverage and purchase protection.

What Are the Fees Associated With the Southwest Rapid Rewards Plus Credit Card?

  • Annual fee: The annual fee is $69.
  • Cash advance fee: The fee is either $10 or 5% of the amount of each transaction, whichever is greater.
  • Balance transfer fees: The fee is either $5 or 5% of the amount of each transfer, whichever is greater.
  • Foreign transaction fee: The fee is 3% of each transaction in U.S. dollars.
  • Late payment fee: The fee is up to $40.

Should You Get the Southwest Rapid Rewards Plus Credit Card?

  • Fly Southwest often.
  • Want to use your points for flights, cruises, hotel stays, car rentals and gift cards.
  • Feel comfortable with an APR of 15.99% – 22.99% Variable.

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