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Who should get the Southwest Rapid Rewards Plus Credit Card?

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If you’re looking for a way to affordably fly throughout the United States, or perhaps to the Caribbean or Mexico, Southwest Airlines should be on your radar. Whether you pay for your flight with cash or points, Southwest offers the first two checked bags free and boasts one of the most generous cancellation and rebooking policies of all major airlines.

With the help of a Southwest credit card like the Southwest Rapid Rewards® Plus Credit Card, you could even begin earning points for your spending that are redeemable for flights, merchandise, gift cards and more. That said, there are several co-branded Southwest cards to consider, with each one having their own unique earning rate and set of benefits.

The Southwest Rapid Rewards Plus just so happens to be the card with the lowest possible annual fee, and it’s also geared toward a certain type of Southwest customer. Read on to learn about the major perks of this airline credit card, who it’s best for and similar cards you should also consider.

What does the Southwest Rapid Rewards Plus Credit Card offer?

Quick highlights

  • Rewards rate: 2X points on Southwest purchases; Southwest hotel and car rental partners; local transit and commuting (including rideshares); internet, cable, phone and select streaming services; 1X points on all other purchases
  • Welcome offer: 40,000 points after spending $1,000 on purchases during your first three months
  • Annual fee: $69
  • Variable APR: 15.99 percent to 22.99 percent

As you can see, the Southwest Rapid Rewards Plus offers 2X points in a wide range of categories that extend far beyond purchases made with the airline. However, you will also earn a minimum of 1X points on general, non-category purchases, which can add up quickly if you use plastic frequently when you shop.

Welcome bonus

The welcome bonus on this card isn’t as generous as other airline credit card bonus offers, but it is an easy one to earn. With just $1,000 in spending within three months of account opening, cardholders can earn 40,000 points right off the bat.

That said, it’s worth noting that this card is only available to you if you do not already own a Southwest Rapid Rewards credit card and also have not received a new cardmember bonus within the last 24 months. Also, be aware that the Chase 5/24 rule applies to this card, so you may have trouble getting approved if you have had more than five new credit cards from any issuer within the last 24 months.

Earning rewards

This card’s earning rate is pretty sweet, although it would be nice if cardholders earned bonus points in more everyday spending categories. Either way, individuals who choose the Rapid Rewards Plus card can earn 2X points on Southwest purchases, Rapid Rewards hotel and car rental partner purchases, local transit and commuting (including rideshares) and internet, cable, phone and select streaming services. On top of those bonus categories, cardholders always earn 1X points on all other purchases.

Remember that rewards earned with this card are unlimited, so you never have to worry about exceeding rewards caps.

Redeeming rewards

The Southwest Rapid Rewards program lets members redeem points for flights, hotel stays, car rentals, gift cards, access to exclusive events and merchandise. However, the best redemption value is always going to be flights on Southwest within the United States or to the Caribbean or Mexico.

Southwest Rapid Rewards points are worth approximately 1.3 cents to 1.4 cents each when redeemed for airfare, according to Bankrate’s Southwest Rapid Rewards guide. This means the bonus offer on this card can be worth approximately $520 to $560 in flights.

Be aware that, when it comes to Southwest, you can redeem your points for unlimited reward seats with no blackout dates or restrictions. Your points never expire either, so you can save them up as long as you want.

Southwest Rapid Rewards Plus Credit Card benefits

Other notable benefits that come with this card include 3,000 bonus points each year on your cardmember anniversary, two EarlyBird Check-In® boarding upgrades each year and 25 percent back on in-flight purchases when you pay with your card.

As an added bonus, cardholders also receive:

  • Lost luggage reimbursement worth up to $3,000 per passenger on covered trips
  • Baggage delay insurance worth up to $100 per day for up to three days when baggage is delayed by six hours or more
  • Extended warranty protection on purchases that come with a manufacturer’s warranty
  • Purchase protection against damage or theft, worth up to $500 per claim and up to $50,000 per account

Who should get the Southwest Rapid Rewards Plus Credit Card?

There are several Southwest credit cards to choose from, yet we think the Southwest Rapid Rewards Plus is best for travelers who only fly within the United States. That’s because this card charges a 3 percent foreign transaction fee on purchases made abroad, yet cardholders get to pay a lower annual fee of $69 in exchange.

In the meantime, the Southwest Rapid Rewards Plus is also best for somewhat infrequent travelers who may only fly a few times per year. Those who fly with Southwest more often, as well as those who fly internationally, should look for a card with a more lucrative rewards rate (as well as one that doesn’t charge foreign transaction fees).

How does the Southwest Rapid Rewards Plus Credit Card compare to similar cards?

With the Southwest Rapid Rewards® Premier Credit Card, cardholders earn a slightly better earning rate of 3X points on Southwest purchases, 2X points on local transit and commuting (including rideshares), internet, cable, phone services and select streaming services. Cardholders also earn 1X points on all other purchases.

The Southwest Rapid Rewards Premier does charge a higher annual fee of $99, yet cardholders get the benefit of no foreign transaction fees for purchases made abroad and 6,000 points on their cardmember anniversary. This card also has similar perks, like two EarlyBird check-ins and in-flight discounts, yet it comes with the added benefit of earning tier qualifying points (TQPs) toward elite status with the airline.

Then there’s the Southwest Rapid Rewards® Priority Credit Card, which is geared toward the airline’s most loyal customers. This card actually has the same earning rate as the Premier card, and it comes with no foreign transaction fees and 7,500 points each cardmember anniversary. A $149 annual fee applies, and major benefits include a $75 annual travel credit toward Southwest purchases each year, four upgraded boardings every year and the same 25 percent discount on in-flight purchases. The Priority card also lets cardholders earn unlimited tier qualifying points (TQPs) toward elite status with Southwest.

Finally, don’t forget that Southwest Rapid Rewards is a Chase transfer partner, so you can always earn points with travel credit cards from Chase and transfer them to your Southwest Rapid Rewards account later on. Consumer cards that offer this functionality include the Chase Sapphire Preferred® Card and Chase Sapphire Reserve®.

The bottom line

The Southwest Rapid Rewards Plus offers the lowest annual fee of any Southwest card, yet you’ll make some sacrifices if you choose this option. For example, you’ll earn points at a slightly lower rate within bonus categories, and you’ll pay foreign transaction fees if you use your card for purchases abroad.

That said, this airline credit card is still a good deal for somewhat infrequent flyers and those who love exploring the U.S. versus traveling abroad. Also, remember that there are other ways to earn Southwest points that don’t require a credit card at all. For example, you can get acquainted with the Southwest Rapid Rewards shopping portal or join the Southwest dining program to maximize your rewards.

Written by
Holly D. Johnson
Author, Award-Winning Writer
Holly Johnson writes expert content on personal finance, credit cards, loyalty and insurance topics. In addition to writing for Bankrate and CreditCards.com, Johnson does ongoing work for clients that include CNN, Forbes Advisor, LendingTree, Time Magazine and more.
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