dcsimg Southwest Rapid Rewards Visa Increases Signing Bonus - indexcreditcards.com

Credit Card Calculators

How long will it take to pay off my credit card?

In the News
  • "As comprehensive a list as you'll find of all the credit card offers on the table now."

Southwest Rapid Rewards Visa Increases Signing Bonus

by Peter Andrew
Southwest Rapid Rewards Visa Increases Signing Bonus

Southwest Airlines and its credit card partner Chase announced yesterday an increased bonus for new cardholders. Those acquiring a Southwest Rapid Rewards Visa Signature or Visa Business Card will receive 8 Rapid Rewards credits after the first use of the card, and can earn up to an additional 8 credits if they transfer a balance to the Southwest card within 90 days. (One credit is awarded for every $1200 in transferred balances, up to a maximum transfer of $9600.) Taken together, the maximum bonus of 16 credits would immediately qualify cardholders for a free Southwest flight. Previously the new cardholder bonuses were 4 credits after first card purchase and up to 5 credits for transferring a balance.

In addition, Southwest announced other enhancements as it celebrates the 20-year anniversary of its Rapid Rewards frequent flyer program, including two credits awarded annually when the credit card is renewed and double Reward Dollars on certain Southwest and preferred partner purchases.

While on its face Southwest has one of the more generous frequent flyer programs, the program details make its attractiveness harder to assess. For every dollar spent on the Rapid Rewards Visa, you receive a Reward Dollar (or two Reward Dollars in cases such as those mentioned above). Each 1200 Reward Dollars equals one credit, and 16 credits equals a free flight. Comparing this to other frequent flyer programs, you would find that it takes 19,200 Reward Dollars for a free flight, which compares to the 25,000 points it generally takes to get a free flight elsewhere. However, there’s one catch—to get a free Southwest flight, the 16 credits must be earned within a two-year period. Other programs allow points to accrue for a longer period of time in order to earn free flights.

Disclaimer:The information in this article is believed to be accurate as of the date it was written. Please keep in mind that credit card offers change frequently. Therefore, we cannot guarantee the accuracy of the information in this article. Reasonable efforts are made to maintain accurate information. See the online credit card application for full terms and conditions on offers and rewards. Please verify all terms and conditions of any credit card prior to applying.

This content is not provided by any company mentioned in this article. Any opinions, analyses, reviews or recommendations expressed here are those of the author’s alone, and have not been reviewed, approved or otherwise endorsed by any such company. CardRatings.com does not review every company or every offer available on the market.

Published  (Modified )

Share this article with: