Southwest has brought back their 25,000 bonus point promo for the Southwest Airlines® Rapid Rewards® Premier Credit Card. That’s worth two Round trip Flight (over $350 in airfare with no limited-capacity seating hoops or $250 in Amazon.com gift cards) after you spend $1,000 in the first 3 months of opening your account. There is a $99 annual fee that is not waived the first year.
Besides a lot of spending or flying, the small business version of this card has a 50,000 point bonus. Spend $2,000 on each of these two cards and you’ll qualify for both the 50k bonus and 25k bonus plus the 3k from spending for a total of 78,000 Rapid Rewards points. Spend a little more on the card or take some Southwest flights to make up the last 6,000 points and you’ll have 84,000. Those 84k points will be worth over $1,000 in Wanna Get Away airfare split up into however many flights you want.
An “average” round-trip $357 Wanna Get Away fare would cost about 25,000 points. In reality, the value of the bonus is $357 in Southwest airfare broken up however you like. Any Wanna Get Away fare is eligible, so this bonus is very useful for Southwest fliers. If you take shorter flights or wait for a fare sale, this could easily be worth multiple roundtrip flights. 25,000 points can also be converted to $250 in gift cards to Amazon.com, Wal-mart, and other retailers.
Currently 70 points = $1 worth of Wanna Get Away airfare, which means you get 1.43 cents of value per point. Southwest is still offering two free checked bags, which can be a significant roundtrip savings. Here are the rest of the details:
- Earn 25,000 points after you spend $1,000 on purchases in the first 3 months of opening your account.
- Named 2015 Freddie Award Winner for Best Loyalty Credit Card
- NEW – Chip-enabled cards with 24/7 fraud monitoring
- Points Don’t Expire, No Blackout Dates, Bags Fly Free®
- 6,000 points after your Cardmember Anniversary.
- 2 points/$1 spent on Southwest Airlines® purchases and participating Hotel and Car Rental partners
- 1 point/$1 spent on all other purchases
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