Our take

The Southwest Rapid Rewards Premier credit card can significantly improve to your travel. It comes with a relatively high $99 annual fee, but this shouldn’t be a deal breaker for those who can put all the card’s benefits to use. First, you’ll get a 40,000-point sign-up bonus, enough for a round-trip flight. Even more enticing, the card can earn you 1,500 tier qualifying points.

Details
  • 40,000 bonus points after you spend $1,000 on purchases in the first 3 months your account is open. Terms apply.
  • Earn 2X points for every $1 you spend on Southwest Airlines® purchases, and 1 point for every $1 you spend on all other purchases. Terms apply.
  • Receive 6,000 bonus points after your cardmember anniversary.
  • No foreign transaction fees.
  • You'll earn 1 point for each $1 of the first $15,000 of balance transfers made during the first 90 days from your original account open date.
  • Unlimited points that don't expire as long as your card account is open.
  • With Rapid Rewards®, if we've got a seat, it's yours.
  • Free 1st & 2nd checked bags.
  • Travel & purchase coverage.
Pros
High rewards rate
Sign-up bonus
No foreign transaction fees
Anniversary bonus
No Penalty APR
Security & Benefits
Cons
Excellent credit needed
Has annual fee
Recomended Credit score
Poor
300
Fair
630
Good
690
Excellent
720
850
Bonus offer
Bonus value
$600
40,000 bonus points after you spend $1,000 on purchases in the first 3 months your account is open.
This product is available to you if you do not have this card and have not received a new cardmember bonus for this card in the past 24 months.
Rewards
Airline
2 points / $1
Travel
2 points / $1
Hotel
2 points / $1
Other
1 point / $1
Balance transfer offer
Balance transfer regular apr
17.99-24.99%
variable
Balance transfer fee
5%
min $5
Rates and fees
Purchase regular apr
17.99-24.99%
variable
Cash advance apr
26.99%
variable
Regular annual fee
$99
Cash advance fee
5%
min $10
Foreign transaction fee
0%
Late payment fee
up to $38
Return payment fee
up to $38

If you have already built loyalty with Southwest, it’s time to reap the rewards of enhanced service and travel perks. For this reason it makes sense to apply for the Southwest Rapid Rewards® Premier card. With this card, you’ll access top-tier benefits and a huge sign-up bonus. Is this worth paying $99 annually? Let’s see.

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