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One more post to round out the week and let you know that a little bird told me that the Southwest 50,000 point sign-up offer is likely to expire next week. While I say this to encourage you to pull the trigger in the next couple days if this was a card you were about to get anyway, this isn’t a panic situation if now is a bad time for you. This offer seems to vacillate back and forth from 25,000 to 50,000 points with some regularity, though of course there are never any guarantees about when an offer may return. Also sometimes the offer lives on even after the stated expiration date.
Application Link: Southwest Airlines® Rapid Rewards® Premier Credit Card
Offer expired. Please go here for current offer.
That being said, this is a very good offer that awards 50,000 points after you spend $2,000 on the card in the first 3 months of card membership. It does come with a $99 annual fee and awards 6,000 points on each anniversary. There are three other versions of this card available including the business version of the Premier card and a business and personal version of the Plus card. If you are new to Southwest cards, the Plus cards are likely the best starting point due to slightly lower annual fees. This FT thread has links to the Plus cards.
Rapid Reward points are currently worth at least 1.67 cents each toward Wanna Get Away fares, though that will be decreasing by 15% on March 31st. Even after the 15% devaluation occurs, 50,000 points will be worth over $710 toward “Wanna Get Away” fares, which is why this is a very highly rated sign-up offer for family travelers.
Use the Southwest Credit Cards to Obtain Companion Pass:
As you may have heard me say before, the best deal in family travel (for those who can fly Southwest conveniently) is the Southwest Companion Pass. You need 110,000 qualifying points in a calendar year to earn the Companion Pass so that your designated companion can fly free with you on any Southwest operated flight whether your ticket was purchased with cash or points (you do still have to pay taxes/9-11 fees). The 50,000 credit card sign-up bonus have been counting for years toward the Companion Pass, so this can give you a quick jolt toward getting to 110k. This is a pretty good time of the year to get the credit card and work toward the pass as quickly as possible as it is good the year you earn it, and the following year.
Keep in mind that Southwest will begin operating to destinations such as Aruba, Nassau, and Montego Bay this summer so your Southwest points and Companion Pass will be even more useful than before.
Disclosure: I do receive a commission if you are approved for the Premier card using one of my affiliate links. As always, thanks for your support.